Author: Lowell

Illinois Foreshadows the Future of US Pensions

Are you paying attention to what is happening with the pensions in Illinois? If you’re like most people who don’t live in Illinois, you’re wondering why you should care since it isn’t your state, right? A judge just ruled that the State of Illinois has to use 100% of their (tax) income to pay for the pensions. They are not allowed to reduce the pension amounts promised. It would seem obvious that, if all the taxes are going to pay for the pensions, there is nothing left for “all the other services.” So, what went wrong here? And, why...

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Minimum Wage

What’s the minimum wage objective? Proponents of raising the minimum wage have stated their goal is to obtain a “living wage” for the lowest paid worker. That sounds truly magnanimous on the surface. Who wouldn’t want a “living wage?” Leadership in both political parties support the idea of a minimum wage. The Democratic Party even featured it in their platform for this election cycle. According to their platform statement: “…the current minimum wage is a starvation wage and must be increased to a living wage.” They went on to define the “living wage” as: [The worker] “…should earn at...

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Wise Men Come to Visit Jesus

  As we begin in chapter 2 of the Gospel of Matthew, the language which Matthew used indicates that some time has passed since the birth of Jesus Christ. Nobody is sure exactly how much time has passed. Various commentary writers and biblical experts estimate somewhere between 40 days and two years. There is an introduction to a couple new characters in this chapter which should be explained before we get into the actual look at the verses. The first is a group of men from Persia, who have been called by many names. Those names include the Magi, the wise...

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What Can One Learn From The Birth of Jesus Christ?

  We are talking here, in Matthew 1:18-25, about the circumstance surrounding the birth of Jesus Christ. Perhaps, it would be wise to establish a little background for the Gospel according to Matthew. This book was written primarily for the Jewish people. How do we know that? It is because he starts out the first chapter with 17 verses about the lineage of Jesus. Two thousand years ago, a person’s lineage was important. The churches of that era kept detailed records of whom was related to whom. Jesus came down the lineage from Abraham and King David. The bible...

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Cash Holdings of Apple and Others Are At Massive Risk

  The cash holding of Apple and other high tech companies are piling up. This is a practice often done by international companies because of foreign exchange variations. The funds are held in cash accounts [bank accounts] or cash equivalents [most typically bonds]. As noted below, there are more $7 trillion in bonds with negative interest rates. Throw every “norm” out the window.  This Keynesian, central banking world has everything so distorted that nothing makes sense anymore. There are currently more than $7 trillion in bonds, worldwide, offering a negative interest rate. Wrap your head around that!  People are actually...

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