United Airlines fired CEO Jeff Smisek because he launched a money-losing route from Newark to South Carolina. Why fly a money-losing plane? Because the route was a gift to the head of the Port Authority of New York and New Jersey, making it easier for him to reach his vacation home in Columbia. I’m appalled for …
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The Korean Broadcasting System invited me to Seoul to give a nationally televised speech on how South Korea can re-charge its economy.  Just forty years ago, South Korea was as poor as Haiti.  Now companies like Samsung lead the world.  They call it the “Miracle on the Han River.”  But can it continue?  Here’a quick clip …
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Nine o’clock in the evening. A rap at the hotel door, which I’d double-bolted (because in NYC they tell you to do so, even though the crime rate has dropped to Pawnee, Indiana levels). I muttered, “Come back later,” through my toothbrush, but the knuckle rap got louder. “Yes?” I cracked open the door and peeked …
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“Just about everyone agrees that we need more farmers.”  Really?  That was the first sentence of a New York Times oped by Mark Bittman.  I love farmers, and I get teary at Paul Harvey’s “So God Made a Farmer.”  I recently gave a speech to the Soybean Expo in Fargo.  Farmers have done an extraordinary job …
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If our leaders were better at math, would we have smaller deficits?  Stephen Harper of Canada (economist) and Germany’s Angela Merkel (chemist) are pretty good at numbers.  Both preside over roughly balanced budgets.  If you’re worried about budgets and worried about math education, here’s what you can do:  Support the kickstarter campaign to bring the …
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I’m not surprised oil prices have popped up in the past few months. Europe is finally showing a pulse. Spain, France and even Italy have moved out of the intensive care unit, making it easier for them to sneer at feeble Greece’s plight. The U.S. benchmark crude now bobs at $60 a barrel, way up …
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Dr. Zhivago just premiered on Broadway.  I didn’t see Vladimir Putin at opening night.  He could learn much about Russia and himself.   TIME magazine published my argument: After the Soviet Union splintered in 1991, I took a few days off from my job at the White House and visited St. Petersburg, Russia.   Strolling through the flaking walls …
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Why did so many economists wrongly forecast a quick boom from lower gas prices?  In today’s Investor’s Business Daily I explain why: “Ping” is a terrible sound. In 2008 the U.S. Olympic men’s and women’s 100-meter relay teams fumbled their batons and heard pings as the dropped batons bounced around the track in Beijing. Economies have …
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U.S. GDP Slows Down Raising Concerns About Economy

October 2015 – Click above to see video ……………………………………………………………………………………………………………………………….. ………………………………………………………………………………………………………………………………… Link to Bloomberg

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“Skin in the game.” That’s a key to human behavior. If people don’t have skin in the game, they take extra risks. If you’re gambling in a casino with “House money,” you’ll roll the dice more recklessly. If you rent a car, you might stomp on the accelerator. Have you ever driven a rental car to …
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