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Archive for the ‘Politics’ Category

RALEIGH— Two events in one weekend have resulted in exposing the pundit-pothole. The new House of Representatives read the Constitution of the United States of America and a lone gunman shot innocent by-standers and a Congresswoman. Neither of these two events should result in the type of garbage that is being bandied about by pundits [...]

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RALEIGH— It is a new year. It is a new day. It is a new congress. It is a new Speaker of the House. And the new congress is blooming bright with symbolism.

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BECKLEY — Returning from vacation is always interesting.  If you’ve gone to new places, seen and done different things, those experiences can cause one to think.  My latest vacation brought to new light how fragile our little democracy has been and still is today.

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ATLANTA—  I’m no Congressional historian, but I have to imagine the 111th Congress will ultimately be rated among the worst in our nation’s history.  And what a way to finish!  Hustling to shove through another highly controversial, 1,900 page bill just ahead of the holidays.  Barely able to pull together enough votes to pass it.  Same story- different year. [...]

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This one piece of the compromise plan also explains why growth after next year is likely to be weaker, not higher, than the current optimistic predictions. The problem is the nature of that growth. In the past century both parties and the economists behind them have focused on the business cycle, their theory being that [...]

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The taxpayers of South Carolina have paid $1.2 billion to [develop a plan] to send our nuclear waste to Yucca Mountain. I asked [Mr. Obama] if he would consider honoring the federal commitment and allow waste to go to Yucca Mountain. His answer was no. He went on to the fact that they feel like [...]

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This is an incredibly insightful analysis of the Chinese economic “miracle” by Jim Chanos, the renowned hedge fund manager.  It’s a long one, so you might have to watch it in several sittings. The level of meaningless construction spending and investment Mr. Chanos describes is mind-boggling and scary.  At 28:50, he talks about there being 2.6 billion square [...]

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