Economy

The announcement that Time Warner may be selling most of its magazines to another publisher is more evidence of its continuing loss of credibility in a market increasingly receiving its news and commentary from more reliable and trustworthy sources.

 

 

Senator Rand Paul's introduced his National Right-to-Work Act on January 31. His legislation is well-timed, considering the shift from forced unionism states to right-to-work states accelerating around the country.

 

 

 

The latest report on the financial condition of Social Security from the Congressional Budget Office hides an important fact: the Disability Insurance program will be exhausted in 2016 so that its benefits will have to be paid from other funds, depleting them much more rapidly than estimated.

On its face the latest report from the Congressional Budget Office is gloomy enough, but careful sifting through it reveals excessive optimism that its predictions cannot hide: rising interest rates, increased healthcare costs thanks to ObamaCare, and the inevitable march of demographics and the aging Baby Boomers.

Capital appreciation bonds, when combined with economic ignorance and political expediency, make up a toxic brew that is likely to explode long before they come due.

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