Fiscal Responsibility
The Republicans are known for fiscal responsibility. Why is that? The last 40 years has shown something different. The reputation must have been built up before President Reagan took office in 1981, because since his term, it has been pretty obvious that there is a...
A Tale of Two Oil Companies
The divergent fortunes of the two largest Latin American oil companies. The situation at Petrobras was dire in 2015. It was being used by the Brazilian government as an ATM effectively and its debt had grown to $128 billion, the largest of any oil company in the...
The Rich Avoid Taxes
The rich avoid taxes. Surprised? The wealthiest 400 households in the United States paid 23% in combined taxes at all levels last year. That is the equivalent rate, or actually slightly lower than what lower income families pay and about 2/3rds what higher income...