"I don't agree with him on everything, but he is right about the out-of- control and unaccountable Federal Reserve." - Sen. Jim DeMint R-SC, referring to Rep. Ron Paul The Republican Party has a [...]
When I initially considered joining the board of directors of a publicly traded company, my first thoughts were the images conveyed by the film industry. I pictured myself sitting with nicely dressed people around [...]
Soldiers, Sailors and Airmen of the Allied Expeditionary Force “You are about to embark upon the Great Crusade…. The eyes of the world are upon you. The hopes and prayers of liberty-loving people everywhere march [...]
Foreword People must remember the Holocaust as a insult to humanity. The lives lost were not only great in number, but offered so much to mankind. How the world would have been different if the [...]
I recently watched a wonderful series that portrayed Churchill during his wilderness years. From 1929-1939 Churchill was not a member of the cabinet. He even lost two elections for Parliament. William Manchester in his book [...]
“The boom, not the slump, is the right time for austerity at the Treasury.” -John Maynard Keynes, 1937 In a New York Times editorial Keynes Was Right Paul Krugman agreed with Keynes. Krugman endorsed [...]
"We will do what is needed to maintain price stability." - Mario Draghi, president, European Central Bank, March 13, Vienna The European Central Bank recently indicated its willingness to take dramatic actions at its [...]
"The U.S. decision to delay approval of the Keystone XL pipeline is a catastrophic cop-out by the Obama administration." -- David Wilkins, former U.S. ambassador to Canada under President George W. Bush On Oct. [...]
MF Global Holdings' bankruptcy underscores just how easily Europe's problems can reverberate throughout the financial system. MF Global is the biggest failure by a securities firm since Lehman Brothers Holdings Inc. filed for Chapter [...]
"Keeping these devices in sync is driving us crazy. We are going to demote the PC to just be a device. We are going to move the digital hub, the center of your digital [...]
"We put our clients' interests first." - Michael Cozene, senior vice president, GenSpring Family Office, Sarasota This summer, Soros Fund Management, the investment operation of hedge-fund billionaire George Soros, decided to return the money [...]
"The top U.S. financial institutions have become zombie banks that will need a decade to adjust their businesses to the new realities in the industry." - Meredith Whitney, CEO of Meredith Whitney Advisory Group, [...]
For those of us who own equities, the last five weeks have been devastating. Market losses have put us into red territory for 2011 and even wiped out much of our profits in 2010. [...]
On July 26, the Pew Research Center released a study, "Wealth Gaps Rise to Record Highs Between Whites, Blacks and Hispanics." Pew reported that the wealth of different racial groups in the United States [...]
"The U.S. seriously lags behind the rest of the world in addressing its infrastructure issues and lacks any type of comprehensive national policy or political will to develop a long-term approach." - Howard Roth, [...]
And somewhere men are laughing, and little children shout; But there is no joy in Mudville - mighty Casey has struck out. - “Casey at the Bat,” by Ernest L. Thayer Washington, like Mudville, [...]
Near the end of the HBO movie "Too Big to Fail," Federal Reserve Chairman Ben Bernanke is shown stating his rationale for the government's bailout of Wall Street firms despite their greed and their [...]
Henry Kissinger, in his recent book, "On China," wrote that Chinese Premier Zhou Enlai said in 1971 of the U.S.-China relationship: "This will shake the world." Kissinger responded to Zhou's statement by asking "whether [...]
June 5- June 10, 1967 “We shall not enter Palestine with its soil covered in sand. We shall enter it with its soil saturated in blood.” Egypt’s President Gamal Nasser Introduction: The perceived change in [...]
"If at first you don't succeed, try, try again. Then quit. There's no point in being a damn fool about it." -W.C. Fields Fields could have meant this advice for Federal Reserve Chairman Ben [...]
"There are risks and costs to action. But they are far less than the long-range risks of comfortable inaction." - John F. Kennedy Those of us with more than a few gray hairs can [...]
"We think fundamentally that this transaction is so anti-competitive that there's no way to fix it that doesn't result in harm to consumers and the economy." - Charles McKee, Vice President of Government Affairs, [...]
For those who can remember the oil shocks of the 1970s, it all seems eerily familiar. During that decade, the Organization of the Petroleum Exporting Countries employed stratagems to increase prices from about $3 [...]
"The United States faces daunting economic and budgetary challenges." - Congressional Budget Director Douglas Elmendorf In mythology, Troy was destroyed because its inhabitants failed to heed the warnings of Cassandra against bringing a wooden [...]
"We are at a very high level. These levels in the previous episode led to problems and riots across the world." - Abdolreza Abbassian, senior food analyst, U.N. Food Organization In December 2010, the [...]
Today’s New York Times in an article “Squalid Abortion Clinic Escaped State Oversight” described the despicable conditions poor colored women confronted in getting an abortion in Philadelphia over a 25-year period. A few days ago, [...]
Charles Darwin, best known as the discoverer of natural selection, was born in 1809 to a very distinguished English family. Mr. Darwin by all accounts was an extraordinary English gentleman who avidly followed his [...]
Unfortunately, I have only seen scattering comments that refer to some concern on Rebecca Werlin’s part regarding the religious affiliation of Israel. Further, I understand that Rebecca feels that a theological state might not [...]
The Nuremberg Trials from 1945-1949 provide an understanding of the nature and causes of evil. Those who come to the trials expecting to find sadistic monsters are generally disappointed. What is shocking about Nuremberg is [...]
In 2008, Mohamed El-Erian, CEO and co-chief investment officer of Pacific Investment Management Co., coined the term "the new normal." El-Erian used the term to describe the post-financial crisis facing investors, predicting a world [...]
"Gold looks better every day with growing sovereign risks." - Hussein Allidina, head of commodities research at Morgan Stanley "Paper eventually returns to its intrinsic value -- zero" - Voltaire Gold recently closed near [...]
Remembering my mother, Rosella Werlin Let me say at the outset, I owe so much to my mother, that I cannot separate my life from hers. She was not only an indispensible partner [...]
Grandmother Werlin: Life in Rural Texas before Electricity Sarah Werlin. Photo courtesy of Ernest Werlin I have thought very little about Grandmother Werlin over the years. She died when I was [...]
Jacob Werlin. Photo courtesy of Ernest Werlin My grandfather, Jacob Werlin, represented a significant group of self-taught Jewish intellectuals bred in the poverty and virulent anti-Semitism of Eastern Europe. These men spent [...]
In the space of a week -- Nov. 10-17 -- two blue-ribbon panels proposed tough-minded proposals for reining in our federal budget deficits. President Barack Obama appointed the bipartisan White House Fiscal Commission. The [...]
"There is no better way for individuals to build diversified investment portfolios. Every asset class is available at rock-bottom costs." - Charles Schwab, founder and chairman of Charles Schwab Corp. After all these years, [...]
