Here is a link to the final Cybersecurity Executive Order signed by President Obama on February 12, 2013 with a summary of the key changes. …
The United States has a per capita GDP (income) of about $50,000. Greece has a per capita GDP of about $30,000. And the Greek government has a debt of about $44,000 per person, whereas the United States government has a debt of $45,000 per person. Hmmmmmmm. Good materials…
Since the earthquake, Tsunami, and nuclear disaster in Japan there has been a lot of information floating around the Internet; some of it not very accurate. Although there is still very little information about the specific types of ionizing radiation coming from the Fukushima nuclear complex, there are some informed…
The general public has no interest in following the day by day management of government owned assets. However, as any administrative lawyer will tell you, there are a myriad of businesses deeply interested in those assets which expend great amounts of time and money influencing government mismanagement of those…
An unhampered market economy is a superior system for maintaining environmental sustainability compared with the economically based social engineering we suffer under today. In fact, a true free market economy is the only system that has any chance for achieving sustainability. Here we focus on the effect of…
Passenger rail travel is comatose – its virtually lifeless carcass subsidized by the taxpayer to the tune of billions each year with no hope of making inroads into the stranglehold of the automobile. Worse, localities like NYC were home to robust subway system enterprises until the statist decided the…
The sentence recited most as a prescription for propriety is in fact terribly self centered and therefore at the root of many of our societal difficulties: “Do unto others as you would have them do unto you.” Look at it carefully. Who is at the center of this sentence?…
The historical record repeatedly validates Austrian theory. Examples include the stagflation of the 1970’s, the collapse of Soviet socialism and the economic mess we experience today. Yet, critics of free market economics studiously avoid attacking Austrian theory. Apparently, power and prestige wins out over the facts.…
The other day I ran into a journalist friend in the grocery store. “How is the ‘Save-the-Word’ Business?” he asks. That solicited a flash of a smile and a giggle from me. He had delivered the question in a half-serious, half-joking manner, so when I laughed he responded…
In order to advance funds for something as dangerously speculative as a new business venture, the lender needs to have solid evidence of financial strength. Skin in the game in the form of substantial home equity at risk by the borrower is just what the lender needs. Without…
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