"Earlier this year, the world was brought to its knees when it was cruelly teased with the promise of tasty Mexican treats being delivered via quadcopter. We believe everyone deserves carne asada when they want it and so today, we make that dream a reality. We’re proud to introduce: Burrito Bomber -- truly the world's first airborne Mexican food delivery system." Continue reading →
"The just released ADP jobs report shows a 215, 000 increase in private sector jobs in December. That's 50% higher than the 140,000 that was expected. Bernanke money printing manipulation of the economy upward. Unfortunately, because it is a manipulation, it will crash down the road, but not now, For now, happy days are here again. And most of the jobs gains are in the capital goods sector, as would be expected based on Austrian Business Cycle Theory." Continue reading →
"The Federal Reserve Bank of Philadelphia has released the leading indexes for the 50 states for November 2012. The indexes are a six-month forecast of the state coincident indexes (also released by the Bank). Forty-nine state coincident indexes are projected to grow over the next six months, while one index (Wyoming’s) is projected to decrease." Continue reading →
"The chart shows the staggering eightfold increase in India's gold loans 'which monetize the idle gold in the country', in just four short years. In short it proves that in India, gold is the only real money, and is the only fallback option in a country where inflation is still rampant, and where even simple peasants prefer to keep their wealth not in the local paper currency, which has been losing its value aggressively in recent years, but in the shiny metal. Must be 'tradition.'" Continue reading →
"WSJ has the stats on income categories and wealth categories for Americans." Continue reading →
"Your paycheck will most decidedly go down because the bill that just worked its way through Congress failed to extend the 2% payroll tax break. But it is not the same for friends of Obama. I already pointed out that Hollywood will get a tax break, but so will Warren Buffett. Nick Badalamenti emails to point out that the bill has a tax break for railroads in it. In February 2012, Bloomberg reported that in addition to spending billions on core railroad projects, 'Warren Buffett’s Berkshire Hathaway Inc. plans to boost [other] capital spending at its railroad.'" Continue reading →
"Section 328 of the bill extends tax-exempt financing for the 'Liberty Zone,' the area around the former World Trade Center, for another year. As Matt Stoller points out, this tax provision was supposed to help fund reconstruction after 9/11. Yet a recent Bloomberg investigation found the bonds have mostly helped finance new luxury apartments, not to mention the construction of Goldman Sachs’ new headquarters." Continue reading →
"The Affordable Care Act will require employers to offer health insurance that covers their workers’ children too, the Obama administration announced on Monday. Though many companies offer family health insurance today, a narrow selection of them do not, meaning the rule will require significant changes for some in the private sector. Nevertheless, it only applies to full-time employees at companies with more than 50 workers, meaning most small businesses are exempt." Continue reading →
"India’s community of high net worth individuals is growing fast and, for them, the most favoured form of investment is gold. The HNI population in India rose by around 20.86% in 2010, and their wealth is estimated to have grown by more than 11%, to $530 billion. India is one of the fastest growing HNI segments in the world, currently contributing approximately 1.2% to the global HNI wealth. And, importantly, while their assets are growing the members of this class are also getting younger. The average age of Indian high networth individuals (HNIs) has fallen to the mid-40s from the early 50s in just five years." Continue reading →
"An LED light that runs on rope pulls and gravity has been developed, which could be good news for developing countries without access to stable lighting. GravityLight, a crowdfunding campaign and product created by British designers Martin Riddiford and Jim Reeves, allows a cheap LED kit to run for up to thirty minutes — for free — through no more than a three-second pull on a rope. The energy source after this? Something free that everyone has access to — gravity." Continue reading →