Personal Finance

As Al Gore and his band of not so merry global warming alarmists in buses and in the press try to convince Americans that they need to alter behaviors in order to save the planet, an inconvenient truth is being cynically withheld: this is going to cost a lot of money.Of course, one of the delicious hypocrisies is that these are the same people who decry the current economic boom as only helping…

As the stock market has continued to regularly make new highs in 2007, how many times have you heard or read a media report carping about how the rich are getting richer?Quite a bit, right?If you feel bombarded with such inanities, consider that a completely unaudited LexisNexis search of major American media outlets identified 234 reports which included phrases like “rich get richer,” “income…

Here’s an extraordinarily inconvenient truth the press will likely not report: a “cap-and-trade” program designed to curb carbon emissions in order to "solve" global warming will negatively impact the poor the most.Think Charlie, Brian, and Katie will do a story on this tonight?Regardless of the answer, the reality is that as folks like soon-to-be-Dr. Al Gore and his sycophant devotees recommend…

Producer of an MSM morning news show? Got a few minutes to fill at the end of your first half-hour? Why not resort to a tried-and-true winner: a bit of good old class warfare?That was the "Today" formula this morning. Matt Lauer introduced the segment, enviously entitled "Share the Wealth?: The Rich Get Richer," fanning the flames of envy and resentment with this opener:TODAY CO-HOST MATT…

Something rather extraordinary occurred last December which had extremely ominous implications for stock investors around the world, but got totally ignored by the media. In fact, if not for a recent video posting at YouTube, and a March 20 article in the New York Post, these spectacular revelations would still be well under the radar.On December 22, CNBC’s James Cramer did a web interview for…

The Office For Housing Enterprise Oversight released its Fourth Quarter 2006 House Price Index (HPI) report (PDF) on March 1. Given the recent gloomy reporting about the industry, you may not know that housing prices nationwide actually went up a bit more in the fourth quarter (1.12%) than they did in the third (1.07%). Though there are certainly problematic metro areas, it would appear that the…

The 2006 Real (after Inflation) Increase in Household Net Worth Was Greater Than 2005's -- But You Wouldn't Know That from Reading the Associated Press's Accounts. And this is not the first time AP has ignored what's "real." _______________________________ Here is how the Federal Reserve's report on household net worth was covered by AP reporter Jeannine Aversa (bold is mine): Net Worth of U.S…