Author Archives: John Thomas

College Students: Just Say No to New Income Sharing Agreement

Just say no to the new Income Sharing Agreement (ISA). I could leave it at that and write no more. Through a new kind of financial instrument called an ISA, financiers are transforming student debtors into stock investments, with much of the same risk and, ideally, greater returns. But the millennials who are mortgaging their futures by giving equity in ...

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The Ugly side of Minimum Wage Hikes

It was just a matter of time until the sludge of the incompetent do-gooders dripped back to their various states. You know who I’m talking about. Massachusetts, New York, California, Mexico. My bad, sovereign Mexico is not a state, yet, albeit their wandering citizens too may benefit from the nastier side of minimum wage rate hikes. And what exactly do ...

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Another Example of Academia wasting your Tax Payer Dollars

This won’t be the first time or the last that the so-called ivory tower academics attempt to push their agenda, whatever it may be, or whoever may be funding it, on the public. You may remember some of the stellar research that has been presented in the past, paid for by you and a highly interested company. Just missing the ...

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China is Gaining Momentum in Europe with Belt and Road Initiative

What a difference a month can make. The so called Belt and Road Initiative (BRI) aims to strengthen infrastructure, trade, and investment links between China and some 65 other countries that account collectively for over 30 percent of global GDP, 62 percent of population, and 75 percent of known energy reserves. Italy became the first G7 country to sign on ...

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The Big Business of Men’s Business Suits

This fad has come and gone before, as companies use whatever means possible to attract the best employees. One of the most popular perks is casual dress, especially for men. Wearing jeans and a golf shirt to work at Goldman Sachs is not a new concept. In the go-go days of the internet revolution, where the best and brightest were ...

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Italy being duped by China into signing Belt and Road Initiative

Italy will celebrate 50 years of diplomatic relations with China next year, and is cozying up to Chairman XI and his Belt and Road Initiative. It appears that Italian President Sergio Mattarella and Premier Giuseppe Conte are attempting to renew the idyllic relations between Mussolini’s Italy and Chiang Kai-shek’s China, circa 1930-1937. As one can imagine, the typical reactions are ...

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South African Power Outages Compromising Economic Activity

Apparently the sea levels are not rising around Cape Town, South Africa, as the nation again gains attention for the deleterious results of the lack of electrical power. No, I didn’t say Venezuela, where either the lights came back on, or it no longer is newsworthy, at least to the American left. The South African state-run utility, Eskom, provides approximately ...

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Putin follows Xi’s Lead to Suppress Free Speech

It’s not even a wink-wink, non-nod, when President Vladimir V. Putin decides to Stalinize Russia by passing outright legislation that would prohibit speaking out against the government or any of its officials. This is the difference in all-out communism, as Chairman Xi is doing in China with his not-so-subtle version of Maoism, and the socialism (communism light) that some want ...

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Huge Major League Baseball Contracts are Losing Proposition

If you follow sports even remotely, you have heard of baseball player Bryce Harper and the enormous contract he recently signed with the Philadelphia Phillies. In fact, it was the largest in the history of team sports. The financial tidbits are astounding, so I have to throw out one. Harper will make $44,000 every time he goes to bat. Yes, ...

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