Economically Speaking

Common Cents for January 4, 2012…Happy New Year!!!

January 7, 2013, by John Norris

Last night, my wife was playing a song on the piano which I couldn’t remember having heard, but I liked it. So much so, I asked her what it was, and she told me it was from the movie “The King’s Speech.” Hmm. Since I hadn’t heard her play it before last night, I asked her when she had gotten the sheet music. Not that I cared that much; we had simply been out of...

Read More : Common Cents for January 4, 2012…Happy New Year!!! - Full Article

2012 seems to be doing the exact same thing as 2011: coming in like a lion, and going out like a lamb. Does 2013 prove to be any different? I hope so.

January 4, 2013, by John Norris

At the beginning of the year, I would say the following to anybody who would listen: “if you liked 2011, you are going to love 2012.” While the investment markets have been a little better than last year, the economy is about the same, as is Washington. Very little is as we want it to be; however, things aren’t as bad as we really fear, primarily because we fear the worst. Guess what I am...

Read More : 2012 seems to be doing the exact same thing as 2011: coming in like a lion, and going out like a lamb. Does 2013 prove to be any different? I hope so. - Full Article

For Sale…1 Stock Exchange,gently used, sold as-is, $8.2 billion OBO

December 28, 2012, by Shelley deClerk

This week, the New York Stock Exchange announced it had agreed to be purchased by a firm named Intercontinental Exchange. Does this mean anything? Will this have any impact on the stock markets? Since Intercontinental Exchange has its headquarters in Atlanta, the New York Stock Exchange became a Southern company this week. In so many ways, that is simply beyond awesome. OK, maybe Atlanta isn’t the most Southern city, but I imagine it is a...

Read More : For Sale…1 Stock Exchange,gently used, sold as-is, $8.2 billion OBO - Full Article

Keeping the Public In the Dark

December 20, 2012, by Shelley deClerk

Our elected politicians are currently sparring over tax rates and spending cuts to avoid something popularly called “the fiscal cliff,” as we head into 2013. If the two sides can’t reach a conclusion, all the so-called Bush tax cuts expire, as does the Administration’s payroll tax break. Further, the Congress will have to start cutting spending, or at least cut the growth of deficit spending moving forward. When combined, the US economy is presumably facing...

Read More : Keeping the Public In the Dark - Full Article

Taxes are a necessity for our schools…here’s some number crunching

December 19, 2012, by John Norris

Obviously, the end of the year is fast approaching, and Washington still hasn't hashed out a tax policy yet. What is the likelihood the increase in taxes will drive the economy into recession? We tend to get blinded by the word taxes. While no one likes paying them, there are taxes, and then there are taxes, if you catch my drift. Basically, not all of them are bad, because, we, as citizens, get something tangible for them....

Read More : Taxes are a necessity for our schools…here’s some number crunching - Full Article

December 6, 2012, by John Norris

Should Washington focus more on raising taxes or cutting spending to deal with the deficit? Washington will not be able to balance its budget by cutting spending alone. It will not be able to do so by simply raising taxes on the highest income earners in the country. Further, it won’t be able to get its books in order by a combination of the two. Unfortunately, that is what it seems heck bent on doing....

Read More : - Full Article

Common Cents for November 23, 2012

, by John Norris

One of the bigger business headlines this week has been the liquidation of Hostess Brands, Inc., the company which heretofore made Twinkies, Ding Dongs, Wonder Bread, a host of other snack cakes and breads. As you can imagine, there was some measure of discomfort about the iconic Twinkie brand, a symbol of all that is both right and wrong in the United States, vanishing. What is the world coming to these days? Can the US...

Read More : Common Cents for November 23, 2012 - Full Article

“Hostess with the Leastest” – Are unions really to blame?

November 29, 2012, by John Norris

Hostess Brands has made a lot of headlines recently. To the outside observer, it seems as though the unions are forcing the company into liquidation. What is the real story? Are unions really to blame? Hostess’ management is correct when it says the company has to slash sales, marketing, and administrative costs (SG&A) to keep the doors open. After all, the company seems to be in and out of bankruptcy. On the flipside, the bakery...

Read More : “Hostess with the Leastest” – Are unions really to blame? - Full Article

Common Cents for October 28th 2012

November 1, 2012, by John Norris

By now, you have probably heard something about the so-called ‘fiscal cliff,’ which we are due to fall off on January 1, 2013. Simply put, taxes are set to increase, and mandatory government spending cuts are due to take hold. Oh, the humanity! Not surprisingly, a lot of people are worried about the economic impact of this fiscal cliff, with some of the more hyperbolic among us forecasting rack & ruin. However, we need to...

Read More : Common Cents for October 28th 2012 - Full Article

Common Cents for October 12th 2012

, by John Norris

Last night, I watched the Vice Presidential debate until I couldn’t take it any longer. If that was a debate, I don’t know what an argument is. While I understand Joe Biden’s desire to be assertive, and even aggressive, at one point during the proceedings, a scene from “This is Spinal Tap” came to mine: “This one goes to eleven.” Certainly, members of either party will applaud their candidate’s performance, and deride their opponent’s; however,...

Read More : Common Cents for October 12th 2012 - Full Article