Director | May 8, 2009
“The problem with Socialism is that you eventually run out of other people’s money.” Margaret Thatcher (Thanx to Aubie Balton.) Seeking Alpha, a pretty well-respected financial website, is out with an article devoted to economic worst-case scenarios. This list of possible disasters isn’t comprehensive, or likely. Still, we want to include some worst-cast thinking for […]
Director | April 5, 2009
A report on Michigan’s downward economic spiral and outmigration at Detroit News. Michigan has lost population equivalent to the size of its three largest cities over the past eight years. Half of all Michigan college graduates leave the state. Have you noticed those “come to Michigan” ads on TV? Now you know why. Ohio, Indiana, […]
Director | March 26, 2009
NWOU is on the lookout for stories about local governments dealing with the bad outcomes of the socialist takeover. Now that California’s budget problems are forcing the state to cut funding for counties, the counties must also cut spending to balance their budgets. CBS News reports that Sacramento County will begin denying nonemergency health care […]
Director | March 23, 2009
Media attention lately has focused on Elkhart, Indiana as the poster city for U.S. economic decline. That’s because Elkhart is the center of the nation’s RV manufacturing industry. RV sales have tanked, and most RV manufacturers have gone out of business or are facing bankruptcy. But Cleveland may be in worse shape. Alex Kotlowitz reports […]
Director | March 22, 2009
The Sacramento Bee has a graphic showing the increase in California’s unemployment rate by county. California’s unemployment rate is now over 10 percent. Some California counties have unemployment rates over 20 percent. Of course the official statistics are juggled to make the unemployment rate seem smaller than it really is. The Bee also has a […]
Director | March 3, 2009
In early February, NWOU briefly watched the bankers testify before Congress. The hearing was designed to humiliate the big bankers, but more revealing was the lack of knowledge congressmen have about how the financial system works. The bankers are about 40 IQ points ahead of the congressmen.
Director | March 1, 2009
Finally out into the streets. President Obama has managed to do what no other U.S. president has done, get conservatives out of their chairs. Michelle Malkin gathers various reports on the weekend tea party protests.
