Disruption is the most prominent meme in 2018, as evidenced by retail carnage at all levels. Should the Internet also suffer disruption in the future, the retail infrastructure will be found to be missing. In the meantime, jobs will be shed in record numbers.
Washington, D.C. - Never one to shy away from controversy, but often accurate assessments of fact, Ron Paul--who rose to prominence with presidential runs in both 2008 and 2012, running on an anti-war, pro-civil liberties message--made a monument
"The welfare-warfare state is built on violence and deceit. It is thus inevitable that many of those participating in this immoral system will combine their immoral politics with immoral personal conduct"
At the same time, according to the Bureau of Labor Statistics, with unemployment at the lowest rate since 2000 (4.1 percent), there were 126,827,000 full-time workers in the United States (including government workers). Yet that equaled only 2.05 full-time workers for each person receiving Social Security benefits.
The only question left, as MacroVoices' Erik Townsend puts it, is whether we're in the second inning and there's going to be another hundred years of the dollar serving as the world's global reserve currency? Or whether we're in the bottom of the ninth and it's all about to fall apart? Or maybe somewhere in between.
Once upon a time the United States had the largest and most vibrant middle class in the history of the world, but now the middle class is steadily being eroded. The middle class became a minority of the population for the first time ever in 2015, and just recently I wrote about a new survey that showed that 78 percent of all full-time workers in the United States live paycheck to paycheck at least part of the time. But most people still want to live the American Dream, and so they are going into tremendous amounts of debt in a desperate attempt to live that kind of a lifestyle
I read the last item and then look at Trump's Cabinet. No wonder Washington, DC is in a turmoil. Trump's picks are bosses who expect their employees to work. These are Eye Opening Numbers. This is what bothers a lot of people about Trump. He won't accept a ‘can't do’ attitude, or inexperienced, incompetent performance. He will get results; it just might not be smooth or pretty.
After we first reported last week that US credit card debt once again rose above $1 trillion, despite a recent sharp downward revision to the data, while both student and auto loans rose to a fresh record high...
Whenever I write about our "retail apocalypse", many try to counter my arguments by pointing out the growing dominance of Amazon. And I certainly can't deny that online shopping is on the rise, but it still accounts for less than 10 percent of total U.S. retail sales. No, something bigger is happening in our economy, and it isn't receiving nearly enough attention from the mainstream media.
Kentucky Public Employee Retirements Surge As Fears Of Pension Collapse
Slowly but surely it is becoming increasingly clear to public workers in states with massively underfunded pensions that they've been lied to for the past several decades as their states can't possibly afford to pay for the retirement they've all been promised.
Facial Recognition to be Used at Singapore Airport
When a new terminal opens at the Singapore Changi Airport later this year, passengers might be able to check-in and board a plane without speaking to another person but they will be scanned using new facial recognition technology
Chinese KFC Planning Facial Recognition Payments For Meals
Customers will be able to use a “Smile to Pay” facial recognition system at the tech-heavy, health-focused concept store, part of a drive by Yum China Holdings Inc to lure a younger generation of consumers.
The economic ignorance of the “Let’s Raise the Minimum Wage” gang is matched only by their smugness. In their confused, economically-illiterate universe, you either advocate for an increase in the minimum wage or you hate poor people.
At a neighborhood bbq I was talking to a neighbor, a BC Hydro executive. I asked him how that renewable thing was doing. He laughed, then got serious. If you really intend to adopt electric vehicles, he pointed out, you had to face certain realities. For example, a home charging system for a Tesla requires 75 amp service.