In the skies above the bloody streets of Iraq and Afghanistan, military drones continue to deliver the goods on one battlefield after another. Part spy and part weapons system, the effect of drones in the war on terror is both visible and undeniable.
The world’s most respected journal of economics has now officially acknowledged the advent of peak oil, validating (finally!) what we’ve been saying for years.
Amid the recent stock market weakness, the pundits are virtually unanimous in their claims that good underlying economic fundamentals are being trumped by irrational fear.
After looking so dangerous only a couple of weeks ago as the Dow cracked the 14,000 mark for the first time, the bulls seem to have caught themselves a nasty summer cold.
True or not, rumors definitely have power, and the ongoing mortgage morass has produced them by the barrel-full lately. Unfortunately, in this case Churchill would be wildly off of the mark. Within the pain of the housing bubble, it seems, most of them–not just half–eventually turn out to be true.
As the markets up at Wall and Broad Streets continue to pacify the bears with an ongoing downtrend, to the nation’s entrepreneurs it’s really nothing but a sideshow.
I’ve traveled far and wide to get the scoop on international investing opportunities. Sometimes, though, the story comes to me. Last week I gathered with a cadre of Israeli biotech heavyweights just a few minutes from my Baltimore office.
Last week, as the Dow breached the 14,000 mark for the first time, bullish swagger on Wall Street went into overdrive. Some of the bulls that I’m often pitted against on television used the occasion to specifically heap scorn on my assessment of the U.S. economy and my investment advice.
At the ripe old age of 43, the fact that I’m a living and breathing anachronism is something that is kind of hard for me to admit. But every time that I check out of any store these days I am reminded of how out of step with the rest of the world I really am.
Baltimore, Md.–When it comes to what people actually do when they are at work over the course of a long day, there is one profession whose daily grind absolutely astounds me. When it comes to a combination of long hours, skills, and smarts, these people are practically from another planet. Thats how different their work day is from what the rest of us do.
If I were to suggest that the mining industry owes its current robust condition to the Internet, the image of a horse’s posterior might pop into your head. But bear with me, and see if you cant be convinced.
During his testimony before Congress this week, Ben Bernanke didn’t hesitate to opine on a number of topics that had very little to do with his mandate as Fed Chairman. The wealth gap, racial factors in income inequality, and the impact of capital gains tax policy were all fair game.
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