Silver as an investment

Category Archives: Illinois

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 […]

Thousands Abandoning Illinois and Its Big Government Debacle

schiffgold.com / BY SCHIFFGOLD  / DECEMBER 21, 2017 There is a mass exodus from Illinois. According to the US Census Bureau, the Prairie State lost a net 33,700 residents in fiscal year 2017. More people bailed out of Illinois than any other state in the US. And based on calculations the folks over at ZeroHedge worked out, the exodus was […]

Mapping The Fiscal Burden Of Illegal Immigration On Each State

Via HowMuch.net There’s a lot of confusion and misunderstanding out there around the economic impact of illegal immigration in the United States. We decided to bring some clarity around the issue by mapping new numbers on the estimated costs of illegal immigration on a state-by-state basis. Our viz takes data from the Federation for American […]

Mauldin: The Bonfire Burns On

Authored by John Mauldin via MauldinEconomics.com, “Life invests itself with inevitable conditions, which the unwise seek to dodge, which one and another brags that he does not know, that they do not touch him; but the brag is on his lips, the conditions are in his soul. If he escapes them in one part they […]

The 11 Nations Of The United States

Via Jim Quinn's Burning Platform blog, In his fourth book, “American Nations: A History of the Eleven Rival Regional Cultures in North America,” award-winning author Colin Woodard identifies 11 distinct cultures that have historically divided the US. Yankeedom Encompassing the entire Northeast north of New York City and spreading through Michigan, Wisconsin, and Minnesota, Yankeedom values education, intellectual achievement, […]

Emerging Market Junk Debt Issuance Surges To New Record As The “Search For Yield” Intensifies

It seems that the never-ending “thirst for yield” from the world’s massive pension funds, combined with the ever-present “cash on the sidelines” problem, is driving the creation of yet another global financial bubble in emerging market junk bonds.  Alas, as the FT points out today, the world’s largest fixed income investors can’t seem to get […]

It Begins: Pension Bailout Bill To Be Introduced This Week

Over the past year we have provided extensive coverage of what will likely be the biggest, most politically charged, and most significant financial crisis facing the aging U.S. population: a multi-trillion pension storm, which was recently dubbed “one of the most heated battles of a lifetime” by John Mauldin. The reason, in a nutshell, why […]

Connecticut Becomes Last State To Pass A Budget After 123-Day Battle

Four months after the beginning of the fiscal year, Connecticut has become the last state in the US to pass a budget after Democratic Gov. Dannel Malloy signed a bipartisan budget bill, but used his line-item veto power to block a section of the nearly 900-page document related to the controversial hospital tax. The deal […]

Illinois Eyes 30 Cent Gas Tax Hike, Chicago Eyes Property Tax Hike

themaven.net / byMike Mish Shedlock / Oct 24, 2017 The Illinois legislature is in recess right now. Other than disbanding the body, that’s the best place for them. When they return, they are going after your pocketbook in the form a gas tax hike. Not to be outdone, Chicago Mayor Rahm Emanuel is pondering property tax hikes. […]