The Eurozone Stimulus Package and Economic Fundamentals

On Monday, May 10, eurozone officials presented a stimulus plan involving $1 trillion. The main reason for the package, as stated by officials, is to prevent European economies from falling into an economic black hole on account of the economic crisis in Greece.

Another factor that prompted the European leaders to come up with the massive stimulus package is the desire to arrest the slide of the euro. After climbing to $1.51 in November 2009 the price of the euro in US dollar terms plunged to around $1.26 in early May — a fall of 16%.

Requiem for an Entrepreneur

The negative stereotype of businessmen is as false as Marxist theory itself. While millions have, and continue to, suffer under Marxist or socialist economic regimes, entrepreneurs at work in the capitalist world invest capital, organize resources, develop new products, create jobs and make the world a better place for the millions that are affected by their energy and vision.

Higher Indoctrination

Anyone who has spent any time on college campuses knows that most college faculty members are left-leaning and likely vote Democrat, if not Green or Socialist. So when a study recently found 91 percent of the UNLV faculty is liberal, it was not exactly earth-shattering news. Although the study’s finding — that UNLV is slightly more liberal than even UC Berkeley — does give one pause.

Why High Gas Prices?

The government has no business stockpiling anything, including oil. But when three socialist amigos like Senators Charles of New York, Barbara Boxer of California and Harry Reid of Nevada all urged the Bush administration recently to help ease gasoline prices by releasing oil from the Strategic Petroleum Reserve (SPR), you know what’s up. These three are all facing the voters come November, and they know from their many years in politics that nothing agitates the and engenders conspiracy theories like high gas prices.

Junior College Follies

When it comes higher education follies, the Community College of Southern Nevada CCSN) gives any institution a run for its money, writes Doug French. There are so many transgressions a person tends to forget them, and chalk them up to business as usual. That this must be how all junior colleges are run.

Our Financial Reckoning

The common wisdom used to be that a person shouldn’t go into debt. This view was based upon centuries of experience. Bad things can happen, thus money should be saved just in case, not borrowed. But, now people follow the government’s lead, the government will never get out of debt and neither will the people.

Hot Vegas

It was reported last week that the M3 money supply has increased at a breathtaking 20% annual rate in the last 4 weeks, going up $155 billion.​ Coincidently (or not), the Bureau of Land Management (BLM) held another of its semi-annual land auctions in Las Vegas.

Strip Property

Could it be that Andrea Hackett will get the last laugh? Ms. Hackett, who once used to be Mr. Hackett, is the gal who formed the Las Vegas Dancer Alliance in an attempt to organize the legions of women who ply their trade at the numerous adult cabarets around town.
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