Major conventions are ditching Chicago over outrageous costs for McCormick Place electricians. Please consider High costs drive major trade show out of Chicago . Chicago ditched. Tens of thousands of outsiders say it's too expensive to spend their money here; $52 million would have been pumped in ... Read more

Finding a CEO these days appears to be much more difficult than in the past. For example, Bank of America was forced to expand its search to include those living in New York. Shocking! Please consider the Bloomberg article Bank of America’s Next Chief May Be Based in New York Bank of America ... Read more

Inquiring minds are listening to a video of Janet Tavakoli on Fox news commenting on the acquittal of Ralph Cioffi and Matthew Tannin , former co-heads of Bear Stearns Asset Management on six counts of fraud. Tavakoli said the prosecutors "relied on the wrong venue, the wrong issues, and the wro ... Read more

Dropping tax revenue, rising unemployment and yawning budget gaps are wreaking havoc in states from Arizona to Wisconsin, a new report shows. CNNMoney reports 10 states face financial peril .The same economic pressures that pushed California to the brink of insolvency are wreaking havoc on other ... Read more

Inquiring minds might be interested in sound money candidates running for office. Here is the list that I am aware of. Ron Paul - Texas District 14: Ron Paul For Congress Jake Towne - Pennsylvania District 15 - Towne For Congress John Dennis - California District 8 - John Dennis For Congress, ... Read more

Budget deficits are soaring and printing presses are running at full steam everywhere you look including Germany and the Eurozone countries. Please consider Recession Upends German Zeal for Fiscal Prudence . It has come to this: Germany will almost certainly have a bigger budget deficit next year ... Read more

Commercial real estate is blowing up so what do regulators do? The answer of course is to come up with new rules and regulations that will allow banks to ignore losses. On October 31 the Wall Street Journal reported Banks Get New Rules on Property . Federal bank regulators issued guidelines all ... Read more

Dave Rosenberg had some interesting comments today on the state of the global economy. Please consider Breakfast with Dave . On the data front, there is not much to report on the positive side of the ledger. The German ZEW index of investor sentiment dropped to 51.1 in November from 56.0 (consen ... Read more

In what is described as the modern day equivalent of selling apples during the great depression, U.S. citizens are joining immigrants in store parking lots competing for a few hours of day labor at places like Home Depot. Inquiring minds are reading about The new faces of day labor . In the lat ... Read more

To understand inflation, one must first understand what money is and how to measure it. Please read What is Money and How Does One Measure It? before attempting to understand what follows. Unfortunately there is no general agreement as to the definition of inflation. Here are some of the widely ... Read more