President Obama announced plans to create “green jobs” as part of the Reinvestment and Recovery Act passed earlier this spring. He was quoted as saying "A green, renewable-energy economy isn't some pie-in-the-sky, far-off future. It is now. It is...

The minimum wage went up to $7.25 an hour on July 24th as the last of a three year planned increase passed by Congress. The increase is $.70 an hour over the minimum in 2008, a 10.7 percent increase. Since inflation is reported at 3.8 percent for the...

Banks are essential, but troublesome institutions that keep checking accounts for depositors, but only hold a fraction of deposit liabilities in reserve to pay for checks. Normally 15 cents on the dollar will be adequate reserves because those...

Automobiles have a unique place in American consumption and personal finance. Nothing else remains our personal choice that costs so much and depreciates so fast. As everyone knows cars are more than transportation. For people in business it is often...

In an article “Michigan and the Knowledge Economy” published in the June 16th Wall Street Journal the author, William McGurn, tells readers the middle class can no longer rely on jobs in manufacturing. The automobile industry and manufacturing jobs...