Jane Farrell
Peter Schiff
Friday, 08/14/2009 - 10:14 am by Jane Farrell | 6 Comments
Deal Breaker: Peter Schiff
FDR did not “let us feel the pain” during the Great Depression…
Why is Peter Schiff a Deal Breaker?
Schiff, author of The Little Book of Bull Moves in Bear Markets: How to Keep your Portfolio Up When the Market is Down and Crash Proof: How to Profit from the Coming Economic Collapse, is an economic commentator and owner of Euro Pacific Capital, Inc.
Schiff’s Libertarian viewpoints stem from the Austrian School of Economics and place him among the ranks of Ron Paul and those wishing to return to the gold standard. He is a proponent of limited government and the…
Read the whole story »Saltwater Economics vs. Freshwater Economics
Tuesday, 08/4/2009 - 1:14 pm by Jane Farrell | Post a Comment
What does the term saltwater economics mean? How does it differ from freshwater economics?
These two prevalent theories of economics can be attributed to two different groups of universities and institutions across the US. As economic theory developed in the 1970s, a clear divide became apparent between coastal schools and those in the Great Lakes area. Coastal schools gravitated towards the idea that the government could and should help to regulate the economy by controlling interest rates and budgets to avoid inflation or recession. Because of their location on the Atlantic and Pacific, they were of the “saltwater school of thought”.
Schools closer…
Read the whole story »Barclays to ride NYC subway system to world domination
Friday, 07/31/2009 - 11:05 am by Jane Farrell | 2 Comments
Just as Goldman Sachs’ image begins to flounder and flail in the eye of the public, Barclays is trying to brand itself into the American consciousness by buying the naming rights to Brooklyn’s Atlantic Avenue - Pacific Street Station (the second-busiest in NYC). Call it the express train to your brain.
Where the “Barclays” will fit in, we aren’t quite sure. Purchasing naming rights is not completely unheard of - FleetBoston Financial and later Bank of America were among the earliest to start, hoping to penetrate Boston’s psyche by purchasing naming rights to the Fleet Center, Boston’s sports arena. Naming rights to…
Read the whole story »Goldman Sachs isn’t evil, just does things ‘really, really well.’ Really?!?
Wednesday, 07/29/2009 - 11:09 am by Jane Farrell | Post a Comment
Responding to Goldman Sachs’ assumption of the role, “America’s least popular bank,” Joe Hagan penned an even-handed article in New York Mag offering up the perspectives and responses of Goldman’s hallowed insiders to seemingly endless outside accusations of unethical and fraudulent behavior. Hagan does his best to understand the inner workings of the “misunderstood” bank and offers up its best defense, which can be summed up as; “But we’ve done nothing wrong! We just do what we’re meant to really, really well.”
In the words of SNL’s Seth and Amy: Really?!?
Hagan’s article, aptly titled “Tenacious G”, doesn’t flinch from pointing out the…
Read the whole story »Buy American Act
Wednesday, 07/8/2009 - 1:51 pm by Jane Farrell | Post a Comment
[Note: updated on 8.6.2010]
What is the Buy American Act?
The Buy American Act was passed under President Hoover in 1933. Its intent was to help American-owned companies by requiring the US government to buy products made in the USA.
The Buy American Act was tailored more specifically to purchases associated with transit-related projects costing over US$100,000. Projects authorized by the Federal Transit Administration (FTA) and the Federal Highway Administration (FHWA) are constrained by strict regulations detailing from where it is acceptable to purchase materials.
What’s the significance?
The Buy American Act puts foreign countries with competitive markets or lower prices at a disadvantage. The Act does…
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