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Pair Of Bush-Era Economists Emerge As Front-Runners For Fed Vice Chair Position

After selecting Fed governor Jerome Powell to replace Janet Yellen as Fed Chair when her term expires in February, the Trump White House has now moved on to interviewing a series of candidates for the Vice Chair position.  As the Wall Street Journal notes this morning, two of the more likely candidates for that role […]


British Diplomats Say Ignore The Low Approval Ratings; Prepare For A Trump Second Term

Anyone who consumes even a modest dose of mainstream media is probably convinced by now that the GOP will lose both the Senate and House in 2018 followed by the White House in 2020 (assuming Trump is even able to avoid impeachment, that is).  As evidence of that fact, political pundits from MSNBC to CNN […]


A Natural Experiment For Philadelphia’s Soda Tax

Via Political Calculations blog, The city of Philadelphia's controversial soda tax is providing a lot of material for serious scientists to evaluate the effects of arbitrarily imposing a tax on the distribution of a range of naturally and artificially-sweetened beverages. Since we're near the end of the tax's first year of being in effect, we […]


Turmoil Grows Over Disparity In Rules For Prepayment Of Property Taxes

Authored by Mark Glennon via WirePoints.com, What a mess! A  matter of immediate importance to many property owners – prepayment of property taxes – is rapidly descending into chaos and unfairness. Can you prepay property taxes before the end of this year or not? You can for purposes of getting a deduction in 2017 under […]


Illinois Lost 1 Resident Every 4.3 Minutes In 2017, Dropped To 6th Most Populous State

Illinois is drowning under a mountain of debt, unpaid bills and underfunded pension liabilities and it’s largest city, Chicago, is suffering from a staggering outbreak of violent crime not seen since gang wars engulfed major cities from LA to New York in the mid-90’s.  Here is just a small taste of some of our posts […]


Is The FBI An Enemy Of Freedom?

Authored by Scot McPherson via The Future of Freedom Foundation, Former FBI special agent Clint Watts has responded to tweets from President Trump critical of the FBI by branding the president an “enemy of the state.” Watts claims Trump’s tweets will “sow doubt” and “hurt” the abilities of the FBI, “so he is an enemy […]


Chicago Commissioner Pleads With UN To Deploy Foreign Troops On US Soil

Under the guise of stopping violent crime, a County Commissioner in Cook County, Illinois, went to New York City late last week to request that the United Nations deploy foreign troops in Chicago to tackle the city’s “quiet genocide.” Perhaps, the geopolitical instability on the Korean Penisula and in the Middle East is just one giant […]


Moody’s Considers Municipal Ratings Changes That Could Push Illinois Into Junk Territory

A few weeks ago, we expressed some level of astonishment that the rating agencies, in their infinite wisdom, decided to bestow an investment grade rating upon a new $3 billion bond issuance by the City of Chicago.  Of course, this wouldn’t be such a big deal but for the fact that the state of Illinois […]


Vampires, Zombies, And ‘Hooking-Up’: 37 Examples Of Real College Courses That Are Almost Too Crazy To Believe

Authored by Michael Snyder via The American Dream blog, You just can’t make this stuff up.  All over America we push our young people to get good grades so that they can get “a college education”, but then once they get through college many of our young people are completely unequipped to deal with the […]


FCC Hearing Evacuated Before ‘Net Neutrality’ Vote Due To Security Threat

With Ajit Pai apparently having the votes required to overturn the Obama-era net neutrality protections, the FCC hearing has been evacuated due to a security threat. The chairman was handed a piece of paper and immediately evacuated the meeting… BREAKING: FCC meeting room evacuated ahead of net neutrality vote for security reasons; K9s making sweep […]


National Health Crisis: US Inner-City Kids Suffer ‘War-Zone’-Like PTSD

BBC’s ‘America First?’ series sent Aleem Maqbool, a North America correspondent, to the inner city of Atlanta, Georgia, where he uncovered a rather shocking statistic in which 46% of the inner city residents suffered from post-traumatic stress disorder (PTSD), a rate that is much higher than U.S. soldiers (10-20%). Maqbool describes Atlanta’s inner city environment as a “war zone”, where death […]


Nearly Insolvent Illinois Just Issued AAA-Rated Bonds Via This Shady Goldman Sachs Financing Structure

The state of Illinois is a financial disaster that will undoubtedly be forced into bankruptcy at some point in the future.  As we’ve pointed out multiple times over the past several months, the state faces a staggering $130 billion funding gap on its public pensions, a mountain of debt and $16.4 billion in accrued payables […]


Dalio Confirms GOP Tax Plan “Good For Business”, Bad For Democratic States

Confirming what many have suggested, the billionaire founder of the world's largest hedge fund, warns in his latest letter to watch out for the effects of tax reform on migration, the fiscal conditions of affected states and cities, and an increased polarity in America. Birdgewater's Ray Dalio writes (via LinkedIn), While we have talked a […]


Government Shutdown Looms Amid Clash Over “Dreamers” Fate

In an announcement that will provide some measure of relief for T-bill traders and others who are skeptical about Republican lawmakers' ability to compromise with their Democratic colleagues, the Republican House leadership said Tuesday they would bring a stopgap bill to extend funding at its current levels – and preserve funding for a popular child […]


California Residents Increasingly Ditching Their Massive Tax Bills And Unaffordable Housing For Las Vegas

Los Angeles residents have apparently had just about enough of their city’s excessive home prices, unaffordable rents, crushing personal and corporate tax rates, overly burdensome regulations, polluted air, etc. and are increasingly leaving for a better life in Sin City.  As Los Angeles Times columnist Steve Lopez puts it, “the rent steals so much of […]