Morning Whiskey

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The Destructiveness of Minimum Wage Laws

Jul 26th, 2010 | By | Category: Economics, Featured, Morning Whiskey
Once upon a time, many years ago, I had a Civil Service job and was making the princely sum of about $3,000/month ($150/day). At the time it was one of the highest paid Civil Service positions in the State of California. (For the most part, higher levels were political appointees.) ...read more

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Posted in Economics, Featured, Morning Whiskey | 24 comments


Death Taxes and the Food Supply

Jul 23rd, 2010 | By | Category: Economics, Featured, Morning Whiskey
The Senate voted along party lines to defeat a motion to prevent reinstatement of the federal estate tax at the old rate of 55% next year. A two-thirds majority was needed to suspend frequently-convenient Senate rules to allow the Solons to consider legislation to repeal the tax permanently. Or, as ...read more

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Posted in Economics, Featured, Morning Whiskey | 57 comments


Zimbabwe Threatens Black Market Diamond Sales

Jul 14th, 2010 | By | Category: Economics, Featured, International, Investing Strategies, Morning Whiskey
Time and again I have told you that one of the classic stores of value during hard times I do not recommend is high quality stones in the 1/2 to 1 carat range, and never mind that they brought fortunes through most wars for the last two hundred years safely. Why? ...read more

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Posted in Economics, Featured, International, Investing Strategies, Morning Whiskey | 37 comments


Changing China

Jul 13th, 2010 | By | Category: Economics, Featured, International, Morning Whiskey
Reports of China's progress and economic success vary widely, ranging from the views of perennial bears who foresee at least a bubble in real estate expanding with extreme rapidity, to wary hawks keeping an eye on the old guard's attempt to increase economic output without actually loosening control over the ...read more

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Posted in Economics, Featured, International, Morning Whiskey | 40 comments


Upping the Ante

Jun 2nd, 2010 | By | Category: Featured, International, Morning Whiskey
With apologies to Lerner and Lowe in Camelot: "I wonder Iran is thinking tonight? What merriment is Iraq pursuing, tonight? The candles in their war rooms never burned so bright. I wonder what Kim Jong Il is doing...to...NIGHT?" One can only suppose that Prime Minister Benjamin Netanyahu has finally worked out how to deal ...read more

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Posted in Featured, International, Morning Whiskey | 35 comments


Getting Priorities Straight

Jun 1st, 2010 | By | Category: Economics, Featured, Morning Whiskey
Never allow the immediate and urgent to outweigh the permanent and imperative. At present it is both immediate and urgent to work out which of the dominoes will fall first, and in what order the rest will follow. Where to start? 1. EUROPE. The anticipated mess with the PIIGS had to begin ...read more

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Posted in Economics, Featured, Morning Whiskey | 22 comments


New BLS Hits

May 10th, 2010 | By | Category: Economics, Featured, Morning Whiskey
Some of those on Social Security may have been pleased by government analysis and forecasts which the Feds said indicate that there is no inflation, at least until the Feds concluded that primarily senior citizens didn't "need" a raise in the Cost of Living Allowance this year. (Not being all-wise, ...read more

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Posted in Economics, Featured, Morning Whiskey | 20 comments


Time to Fall in Love?

May 3rd, 2010 | By | Category: Featured, Morning Whiskey
In my entire life I have never been attracted to a man by the way he looks. Sure, I can look at a photo of the fellow who was all over the covers of bodice-rippers a while back -- Fabio, was it? -- but my immediate thought is a jaded ...read more

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Posted in Featured, Morning Whiskey | 19 comments


Recession, Texas Style

Apr 28th, 2010 | By | Category: Featured, Morning Whiskey
We Texans pride ourselves on everything being bigger and better, but the definition of a "better" depression is a smaller, lighter one. I wrote months ago about how Texas was last into the Depression and has been hit less hard than most areas. At that time, only Brownsville, on the ...read more

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Posted in Featured, Morning Whiskey | 30 comments


Rascal Rebel Rancheros

Apr 15th, 2010 | By | Category: Economics, Featured, Morning Whiskey
Most people want security in this world, not liberty. ~H.L. Mencken, Minority Report, 1956 Saturday night ended my tenure on the local Home Owners Association (HOA) Board as I was vigorously voted out of office. Not only did I lose but the President (I was the VP of the Board) took a ...read more

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Posted in Economics, Featured, Morning Whiskey | 39 comments


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