08.03.2015 in Economy, Featured by NetRight Daily 3

U.S. lost decade of economic growth all but certain

By Robert Romano Economic growth in the second quarter has come in at an inflation-adjusted 2.3 percent on an annualized basis, the Bureau of Economic Analysis reported on July 30. Combined with the first quarter’s lousy 0.6 percent growth, the outlook for 2015 as a whole appears quite weak. Just to reach 3 percent growth for the year, the economy […]

07.29.2015 in Economy, Featured by NetRight Daily 6

Civil asset forfeiture: It’s not just for drug dealers anymore

By Rick Manning Question: When is an American guilty until proven innocent? Answer: When law enforcement confiscates property that is allegedly involved in or acquired through illegal means without benefit of ever having convicted the owner of a crime. The fruits of this process known as civil asset forfeiture often show up at auctions where promises are made that you […]

07.27.2015 in Economy, Featured by NetRight Daily 34

Trump means business

By Robert Romano Unless you have been living under a rock, you have probably noticed that Donald Trump is running for president as a Republican on an aggressive platform against illegal immigration. After his announcement — in which he said Mexico was sending criminals, rapists, and drug dealers to the U.S. — being declared a “disaster” by mainstream media outlets, […]

07.20.2015 in Economy, Featured by NetRight Daily 12

Why the Greece bailout will fail—again

By Robert Romano Here we go again. Under immense pressure from creditors in the European Union, the Greek parliament has overwhelmingly voted 229 to 64 to accept another €86 billion bailout. As a part of the terms, Greece must raise taxes, increase the retirement age, cut pensions, engage in foreclosures, evictions and liquidation on thousands of homes and businesses behind […]

07.13.2015 in Economy, Featured by NetRight Daily 6

Does marriage predict home sales?

By Robert Romano “[M]illennials’ current aversion to marriage and children affects when — or if — they purchase homes. As long as they delay or forego these choices, they are much less likely to want to buy a home, even if they can afford it. Homeownership simply does not fit their current lifestyle.” That was Mark Fleming, chief economist of […]

07.08.2015 in Economy, Featured by NetRight Daily 21

We are due for another recession

By Robert Romano Since 2005, labor participation in the U.S. — that is, those working or looking for work — has been steadily declining amid the financial crisis and its subsequent recession. As a result, the participation rate, on an unadjusted basis, has declined from an average annual 66 percent in 2005 to 62.7 percent so far in 2015, according […]

07.02.2015 in Economy, Featured by NetRight Daily 6

Defund IMF loans to bail out Europe

By Robert Romano “The United States has never lost a dollar of our contribution to the IMF.” That was the U.S. Treasury bragging as recently as March 2014 that no U.S. taxpayer funds had ever been lost on loans made by the International Monetary Fund (IMF), which the U.S. backs. So much for that. With Greece’s default on a $1.7 […]

Cartoon: Feed Me

By A.F. Branco Click here for a higher resolution version.

07.01.2015 in Economy, Featured by NetRight Daily 3

Does Greek default mark end of Politeuro?

By Robert Romano Greece has now defaulted on a €1.5 billion payment due to the International Monetary Fund (IMF), becoming the first developed country to ever default to that institution. But whether Greece will remain in the Eurozone is an open question that may be decided July 5 when the people there vote via referendum on whether to continue the […]

06.22.2015 in Economy, Featured by NetRight Daily 10

Icelandic default could save Greece

By Robert Romano We are all Icelanders now. Greece may be about to exit the Eurozone and default on its €323 billion national debt. That is what the Telegraph’s Ambrose Evans-Pritchard reported on June 14, writing, “The radical wing of Greece’s Syriza party is to table plans over coming days for an Icelandic-style default and a nationalization of the Greek […]

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