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A New Year’s Day Football Dream

Conn Carroll,  Today, college football fans will enjoy the first round of the first playoff-like system for the sport.  First, Florida State will play Oregon in the Rose Bowl at 5:00 PM, and then later at 8:30 PM, Alabama will play Ohio State in the Sugar Bowl. The winners of both games will then play […] Continue reading →

Facebook Dumps Microsoft

 Back in 2007, Microsoft invested $240 million in Facebook for a 1.6 percent stake. It valued Facebook at $15 billion, and everybody laughed. Now, Facebook is worth over $200 billion, and that little investment turns out to be the best-performing equity investment Steve Ballmer ever made as CEO of Microsoft.  Microsoft sold some of its […] Continue reading →

10 Examples Of The Extreme Incompetence That Now Pervades The Federal Government

Michael Snyder | End Of The American Dream  Under the Obama administration incompetence has risen to unprecedented levels. There has always been a substantial level of incompetence at federal agencies, but under the Obama administration incompetence has risen to unprecedented levels.  This year the incompetence of the Secret Service, the Veterans Administration, the Department of […] Continue reading →

Bureaucrats do away with mortgage underwriting standards, risking new meltdown

Last week, six regulatory agencies tasked by the Dodd-Frank Act with developing a prime mortgage bowed to political pressure from all the interests—the realtors, homebuilders, banks, community activists, and the Obama Administration—and adopted a rule that completely did away with any serious underwriting standards for mortgages. It’s almost unbelievable that, six years after the mortgage meltdown and the financial crisis, […] Continue reading →

Obama's Oil and Gas Folly

Obama’s campaign speeches always seem to include a line about how he can take credit for increasing domestic oil and gas production. As the official White House website has it, “domestic oil and gas production has increased every year President Obama has been in office.”      On Wednesday, however, his administration put into effect yet another […] Continue reading →