Stanford Research Shows $1Trillion in Pension Liabilities

  This is insane….When will the day of reckoning come? From California Political Review: From Stanford University has done a study and you need to sit down.  They found that between CalSTRS and CalPRS, they have close to one trillion in unfunded liabilities.  When you add the health care program, the State has a total […]

Bust the Cable-Box Monopoly

Oligopolies are a big problem in the USA. We need at least 10 competitors in each area of commerce. Thee IC is glad to see that the Office Depot – Staples merger was blocked. The crony cable and wireless providers need true competition From the WSJ: The perseverance of the set-top-box monopoly has been frustrating […]

GM, Lyft Self-Driving Electric Taxis in 2017

General Motors Co. and Lyft Inc. will begin testing a fleet of self-driving Chevrolet Bolt electric taxis on public roads within a year, a move central to the companies’ joint efforts to challenge Silicon Valley giants in the battle to reshape the auto industry. The plan is being hatched a few months after GM invested […]

Firemen’s Corruption of Public Service

Thee IC respects firemen and police but whenever we talk about corruption, overtime pay, insane retirement packages we are told we don’t appreciate them. They are far from the most dangerous jobs out there. Clean it up, please.          From the American Spectator: When it comes to firefighters, most Americans are satisfied […]

This Tech Bubble is Ready to Pop

More signs of a bear market on the horizon. Shipping is also down 14% worldwide. How long will the Central Markets manipulations keep inflating the bubble?           From The WSJ: When the dot-com bubble burst in early 2000, the fallout for publicly traded stocks was quick and severe. The Nasdaq Composite […]

Are Pope Leo XIII and Pope Saint John Paul II “feeling the Bern”?

The Church is against both state control and crony capitalist control of the economy. From Catholic World Report:  One week ago, the morning after the Vatican’s one-day conference Centesimus Annus25 Years Later, Pope Francis and U.S. presidential candidate Bernie Sanders happened to meet in the lobby of the Vatican hotel, Casa Santa Martha. Sanders had […]

LA retirees collect $1 million-plus pension payouts

  Disgusting and they are protected by the corrupt Democrats in this 1 party state   From Transparent California: Four Los Angeles police and fire retirees collected over $1 million apiece in pension payouts last year, according to just-released 2015 pension data from Retired assistant fire chief Timothy Manning’s $1,181,309 pension and benefits package was […]

Carried Interest: Loophole in Tax Code?

Thee-IC believes that treating “carried interest” and stock options as capital gains, thus a much lower tax rate than ordinary income, needs to change. Loopholes such as these fuel socialist arguments against capitalism.   From Ivestopedia: A 2010 study by the Levy Economics Institute of Bard College on the distribution of wealth in the U.S. […]

IRS vs. Norcal Tea Party Patriots

“It reminds us of that joke about the definition of chutzpah: A guy kills his parents, then pleads for mercy on the ground that the inheritance tax is punishment enough.” From the WSJ: Will federal employees who support President Obama ever be held accountable for hijacking the Internal Revenue Service and using it to assist […]

Big Banks Paid $110 Billion in Fines. Gov’t Keeps $$

More government corruption. Instead of the penalties going to help those impacted it is used by the bureaucracy that imposes the fines. Terrible. We are becoming a 3rd World nation. From the WSJ: The nation’s largest banks paid fines totaling about $110 billion for their role in inflating a mortgage bubble that helped cause the […]

Cash for Visas – Trump Tower Funded by Rich Chinese

More Trump hypocrisy exposed. Watch the video, too.   From Bloomberg: Throughout his presidential campaign, Donald Trump has attacked China and warned about the dangers of deficient immigrant screening. “They’ve taken our jobs, they’ve taken our money, they’ve taken everything,” he said of China in a speech late last month. He has called for a […]