Nick Hanauer’s TED talk—the one that apparently was “banned” (i.e., not immediately released on the TED site but available on YouTube)—makes the argument that middle class consumers, not businesses, create jobs. Consumo ergo sum, as Fr. Robert Sirico describes the… Continue Reading
Via Alex Tabarrok, a recent study by Richard Evans, Laurence Kotiloff, and Kerk Philips at VoxEU examines the effects of long-term large-scale redistribution of young Americans’ savings to the elderly: [T]he young, because they have longer remaining lifespans than the… Continue Reading
On the bright side, Magic Johnson just became the first black owner of a major league baseball team. Jackie Robinson’s team at that. Now, that’s cool.
Some interesting stats for your consumption and consideration: Seniors control over 70% of all disposable income with $1.6 trillion in spending power with more than $1 trillion of that spend on goods and services. Seniors purchase more than 40% of… Continue Reading
In its first full year of business in 1998, the 99 Cents Only store in the north Los Angeles city of Lancaster did over $5 million in sales. This was welcome news to the city, given the space had been… Continue Reading
In a comment on Shawn Gude’s previous post on the main page about the Occupy movement, I asked who the “1%” is and whether Occupy protesters were primarily aggrieved about “Wall Street,” or whether they were aggrieved about “wealth inequality”… Continue Reading
Tea Party-haters are taking painful pains to elevate #OccupyWallStreet, et al. to more cosmic importance than those populist twits. My favorite so far is a fellow named Matt Stoller at michaelmoore.com, who writes: “What these people are doing is building,… Continue Reading
It’s an open secret that the Obama presidency stinks on ice. Nick Gillespie of the libertarian Reason mag prophetically came up with the locution as early as April of 2009: Question to the folks, including some of the libertarian persuasion… Continue Reading
Protestors gathered in Lower Manhattan for what some called the United States Day of Rage. PHOTO: Robert Stolarik NYT: At William Street, [the protestors] were blocked from proceeding toward the stock exchange, and the march ended in front of a… Continue Reading
Here are a couple of interesting (and troubling) posts about what aging boomers are up to. First, the LA Times reports that, as predicted, the nation’s 77 million boomers are beginning to dump their stocks as they prepare for long… Continue Reading