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Category Archives: Finance and economics

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Jobs added, unemployment up

The New Neo Posted on May 7, 2010 by neoMay 7, 2010

Seems like a oxymoron, no? But not really: Beyond government jobs, the report showed that the private sector created 231,000 jobs. Manufacturing continued to trend up, rising by 44,000. The industry, which is leading the economy’s recovery, has added 101,000 … Continue reading →

Posted in Finance and economics | 17 Replies

Venezuela and the failure of socialism

The New Neo Posted on May 1, 2010 by neoMay 1, 2010

It’s no surprise that Hugo Chavez’s socialist state of Venezuela has fallen on hard times. They are well-deserved; Chavez had to work hard to achieve the decline in a nation that has rich natural resources on which to draw. The … Continue reading →

Posted in Finance and economics, Latin America | 11 Replies

Obama and Sowell: who can tell when people have made enough money?

The New Neo Posted on April 30, 2010 by neoApril 30, 2010

Remember Barack Obama, Joe the Plumber, and “spreading the wealth?” It seemed a surprising revelation at the time. But Obama’s income redistributive tendencies have become an old and familiar story, if hardly a ho-hum one. Now Obama has done it … Continue reading →

Posted in Finance and economics, Liberals and conservatives; left and right, Obama | 62 Replies

Will the Republican Charlie Browns…

The New Neo Posted on April 30, 2010 by neoApril 30, 2010

…ever catch on to the Democrats’ Lucy and the football?

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Posted in Finance and economics, Politics | 12 Replies

Feeding at the public sector trough…

The New Neo Posted on April 23, 2010 by neoApril 23, 2010

…will bankrupt us. The powerful public sector unions have obtained unsustainable benefits for their retired members, and the bills are coming due.

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Posted in Finance and economics | 11 Replies

Will House Dems say “We don’t need no steenking budgets”?

The New Neo Posted on April 16, 2010 by neoApril 16, 2010

This House of Representatives seems intent on making history, and it’s not a good sort of history. If passing a budget—or even proposing one—causes problems and the need for debate with opponents, then hey, why do it? After all, money … Continue reading →

Posted in Finance and economics, Politics | 10 Replies

Goldman Sachs in trouble

The New Neo Posted on April 16, 2010 by neoApril 16, 2010

The SEC has charged Goldman Sachs with “defrauding investors by allegedly marketing a financial product tied to subprime mortgages without telling them a big hedge fund was on the other side of the trade.” My first question was one which … Continue reading →

Posted in Finance and economics, Law | 32 Replies

Thoughts on tax day

The New Neo Posted on April 15, 2010 by neoApril 15, 2010

[NOTE: This is an edited version of an essay of mine from the past.] Today is April 15th. This means that, along with millions of others, I’ll be making my way to the copy machine and then on to the … Continue reading →

Posted in Finance and economics, Me, myself, and I | 6 Replies

Next on Obama’s hit list: small contractors

The New Neo Posted on April 12, 2010 by neoApril 12, 2010

It may have slipped under your radar screen, as it almost did mine. But I was talking to a friend who owns a small home remodeling business and he reminded me that on April 22 (Earth Day!) new EPA regulations … Continue reading →

Posted in Finance and economics, Obama | 61 Replies

Is Larry Summers leaving?

The New Neo Posted on April 8, 2010 by neoApril 8, 2010

The answer is “yes,” if this report by Joshua Green at the Atlantic can be credited. I wondered about something similar last fall, in which I quoted this article by Charles Gasparino, who reported: I’m told that Treasury Secretary Tim … Continue reading →

Posted in Finance and economics, Obama | 53 Replies

Obamacare and the states

The New Neo Posted on March 31, 2010 by neoMarch 31, 2010

So many states are fighting Obamacare in the legal arena because they are already teetering on the edge of bankruptcy and they know this law and its demands will push them right over the precipice. That is one of the … Continue reading →

Posted in Finance and economics, Health care reform | 5 Replies

Yes Nancy, apparently we did have to pass the bill to learn what’s in it

The New Neo Posted on March 30, 2010 by neoMarch 30, 2010

And what a learning curve it’s been. This may come back to haunt the Democrats; I certainly hope so. We’re always told not to sign a contract without reading and studying every word. Well, HCR was one whopping big contract … Continue reading →

Posted in Finance and economics, Health care reform, Politics | 45 Replies

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