Tag Archives: Economics

Why a single mom is better off with a $29,000 job than a $69,000 job

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“Let’s take the example of a single mom with two kids, 1 and 4. She has a $29,000 a year job, putting the kids in daycare during the day while she works. As the above chart  – via Gary Alexander, Pennsylvania’s secretary of Public Welfare — shows, the single mom is better off earning gross income of $29,000 with $57,327 in net income and benefits than to earn gross income of $69,000 with net income & benefits of $57,045. It would sure be tempting for that mom to keep the status quo rather than take the new job, even though the new position might lead to further career advancement and a higher standard of living.”

http://www.aei-ideas.org/2012/07/julias-mother-why-a-single-mom-is-better-off-on-welfare-than-taking-a-69000-a-year-job/

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Labor Day 2013: How To Get and Keep a Job in a Fast-Changing Economy

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“First and foremost, in this new 21st century economy, if you want to stay employed you have to seek out a field that is ascending, rather than declining. Here’s just one example out of hundreds: tax preparers. There are numerous tax preparation services, some with offices in large retail stores and others with offices in strip malls. But tax preparation services have a problem. With the ascendancy of the internet, web-based tax preparation software is ascending, while traditional tax preparation services are declining. The point is that you don’t want to be automated out of your job and you don’t want your field of interest to quickly become obsolete.”

http://charleshughsmith.blogspot.com/2013/09/labor-day-2013-how-to-get-and-keep-job.html

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The Best Jobs That Don’t Require A College Degree

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“1. Web Developer;  2. Communications Equipment Mechanic;  3. Electrician;  4. Paralegal Assistant;  5. Plumber;  6. Industrial Machine Repairer;  7. Glazier;   8. Automobile Body Repairer;  9. Administrative/Executive Assistant;  10. Bookkeeper;  11. Pest Control Worker;  12. Skin Care Specialist;  13. Receptionist;  14. Hair Stylist.”

http://www.economicpolicyjournal.com/2013/05/the-best-jobs-that-dont-require-college.html

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Move Over, Obamacare. Here Comes Obamaschool

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“The president gave a speech on August 22 in Buffalo outlining his proposal to ‘reform’ the student loan program. He acknowledged that the program has some problems, but assured the audience they are easily fixed. Just take the principles behind Obamacare and apply them to education. The president personally ‘guaranteed’ that his proposals would make college more affordable.  We don’t have a 2,000 page bill in Congress yet, but it’s all quite familiar: government will take even tighter control of higher education just as it has taken even tighter control of medicine, and use Obamacare as its operating manual.”

http://www.mises.org/daily/6518/

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Propaganda Alert: ‘Peace with Syria Will Crash the U.S. Economy’

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“Former chief economist at the U.S. International Trade Commission – and now Kyocera copier salesman – Peter Morici argues that failure to attack Syria will destroy the American economy.  In reality, it is the threat of yet another unnecessary, counterproductive war in the Middle East – and not any delay in approving such a boondoggle – which is destabilizing the economy.  Moreover, far better-known and more impressive economists than Morici have shown that – contrary to long-standing myths – war is horrible for the economy. Finally, a strong rule of law is the main driver of economic growth.  On the other hand, institutional lying and corruption is one of the main factors hurting our economy.”

http://www.washingtonsblog.com/2013/09/propaganda-alert-peace-with-syria-will-crash-the-u-s-economy.html

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Guns, Badges, and Cartels

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“Drug dealers are not going to obey laws that supposedly control guns.  If you want to get drug dealers to stop buying guns, then you had better vote to de-criminalize drugs. But liberals want to criminalize guns, and conservatives want to criminalize drugs.  If you think this argument makes no sense, then don’t expect liberals to respond to this argument: ‘People who are prepared to defy the laws against murder aren’t going to obey laws against owning guns or large-capacity magazines.’  Cartels want above-market income on state-protected turf. This takes guns. The debate is over who gets to carry the guns legally, and who will carry them illegally.”

http://teapartyeconomist.com/2013/09/05/guns-badges-cartels/

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How to Print Dollars in Your Own Backyard and Keep Them Away from Wal-Mart

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“BerkShares evolved from a lot of experiments in this area with local currency. There have been Berkshire Farm Preserve notes, Monterey General Store notes and Deli Dollars, all experiments in funding upfront the costs of a business that everybody believed in and everybody understood already. So the Deli Dollars was the best example of that. There’s a deli in town and it needed to move but the owner couldn’t get a bank loan. So he turned to his customers and asked: Will you fund my move? And so he issued Deli Dollars. The customers could buy a Deli Dollar for $8 that was worth $10 when redeemed. So he basically financed his own move.”

http://www.pbs.org/newshour/rundown/2013/09/how-to-print-dollars-in-your-own-backyard-and-keep-them-away-from-wal-mart.html

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Bitcoin developer: Are bitcoin thieves revealing NSA back doors?

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“Will bitcoin — and the financial incentive to break bitcoin crypto — reveal other NSA backdoors in ECDSA, SHA256, RIPEMD160, and other algorithms and libraries used by bitcoin? Thieves are likely to exploit any flaws immediately, and move stolen loot to another private key.  The NSA, on the other hand, is likely to avoid exploiting any weaknesses until key moments. Thus, ironically, thieves are playing a role in securing bitcoin and associated algorithms from NSA, Chinese, Russian or mafia tampering. Was the SecureRandom() bug a now-revealed NSA backdoor?  You can thank bitcoin for exposing the problem and leading to immediate fixes, and attention to weak RNG impact.”

http://garzikrants.blogspot.com/2013/09/speculation-are-thieves-competing-with.html

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ObamaCare Was Sold To American Voters On Deceptive Terms

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“In 2008, Barack Obama made it sound as though his health reform was only designed to help people who couldn’t afford health insurance afford it. Everyone else was going to be left alone. (‘If you like the health plan you have you can keep it.’) Then, on the eve of passage of the legislation, the focus changed to those few people (very few, it turns out) who are denied coverage because of a pre-existing condition.  But it very recently, New York Times columnist Paul Krugman and others have been in print explaining that ObamaCare won’t work unless the government controls the premiums paid by everybody in the entire country!  As far as the general public is concerned, this is a brand new idea.”

http://www.independent.org/newsroom/article.asp?id=4705

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USA Is #5 in World Economic Competition

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“The World Economic Council in Davos, Switzerland has released its list of nations’ ranking in terms of competitiveness. As always, Switzerland is on top. That’s what peace can do for a nation. Also limited central government, respect for property rights, and low crime. Here are the top nations.  At the bottom, also as always, are mostly African tribal units that are euphemistically called nations.”

http://teapartyeconomist.com/2013/09/04/usa-5-world-economic-competition/

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