Which are the most profitable banks in America? Not the private banks, but the government banks—namely the 12 Federal Reserve Banks. In 2011, the 7,357 U.S. banks made an aggregate net profit of $119 billion. Only 12 Federal Reserve Banks … read more
1. U.S. apartment vacancy rate fell to a decade low of 4.9% in Q1 2012, the lowest rate since Q4 2001. 2. Hiring at U.S. workplaces jumped in March; Gallup Monthly Job Creation Index rose four percentage points to the … read more
The Obamacratic Party’s raison d’être is to expand the Welfare State. Obamacrats do not believe markets work for healthcare. Obamacrats believe making a profit in the healthcare sector is immoral.
The Washington Post reports today that betting has opened on the Paddypower.com website for the Republican VP candidate. Marco Rubio is currently the top choice at odds of 11/4 (26.7%), which is almost same as the current Intrade odds for … read more
Sales at full service restaurants increased in January by 11% compared to a year-ago, following a 12.5% gain in December according to the Census Bureau (see chart above, data here). The increasing willingness on behalf of consumers to open up … read more
What’s a reasonable expectation for future U.S. economic growth? It’s an important question. Higher growth is critical to avoiding a debt crisis, not to mention improving the American standard of living. Advances in genetics, robotics, artificial intelligence and nanotechnology could bring … read more
Too good not to share…. via Cafe Hayek.
Last November, Hoover Institution research fellow and author Peter Schweizer released his latest book “Throw Them All Out,” documenting how members of Congress and their friends “get rich off insider stock tips, land deals, and cronyism that would send the … read more
According to Spiegel Online: The German solar industry is at a turning point. The bankruptcy of Q-Cells this week shows that the days of German solar cell production are numbered. Asian competitors took the lead years ago, and German government subsidies … read more