Economics

In cities, like Clarissa, there are sections of housing and commercial properties that are owned by people who do not live in the immediate area. One reason for this is the relatively inexpensive prices that exist in rural cities compared to larger urban areas.  This represents one area your city may need to address. The properties purchased by out-of-town owners are for storage, rental, or other purposes and generally it works fine. However, in some instances the “owner occupied” care...Read Full Story

It is amazing to show people a few charts and get their opinion. I showed these two charts to a few people and they were stunned. The "common" knowledge was contrary to what they have heard in the press and media. Supply of facilities and our ability to turn oil into gas has fallen. The demand for gas has definitely increased so even if we had all the oil we wanted we could not turn it into gas because of the environmental restrictions that continue to be in place. Saudi Arabia's Ghawar...Read Full Story

It was so gratifying to have the mainstream media outlets, pundits, blogger's, and economists admit that they were a little too bearish on our economy, and yes...... those of us who were ridiculed for months, in fact, were right. The economy continued expanding. Oh yeah, wait that admission didn't happen......... It has been quite a spectacle to watch the media and economic pessimists move the goal posts once again. The economists are out today restating their positions after all the...Read Full Story

The World Series of Poker ended this week at the Rio Hotel and Casino in Las Vegas, and Denmark's Peter Eastgate (pictured above) became the youngest-ever winner of the world title. He is very much the new breed of player: 22 years old, Danish, mathematically brilliant, who gave up a fledgling career in accounting to "turn pro."   As the winner of the main event Peter won about $9.2 million, but would he actually end up with all that money ? Denmark's tax rate is 45% on the first 4...Read Full Story

A must read interview (below) between Larry Kudlow & former Senator Phil Gramm!! Mr. Gramm is senior advisor to Senator John McCain and a great Conservative. Want to bring back a strong economy? Let's start by creating a competitive economic environment here in Minnesota starting with our Corporate Tax Structure!! How about getting control of our Unemployment Insurance Tax Rates and putting small business owners in a position where they can hire people without added government taxes and...Read Full Story