Switzerland

Strip-Mining The World

"The richest vein in the history of predatory mining is just about played out... America's middle class!"

Watch Live: Yellen Testimony Day 2, And Three Questions She Should Answer

It's time for day two of Yellen's semi-annual testimony with the Fed Chair today appearing before the Senate Banking Committee. While the prepared remarks are identical, in her speech on Wednesday, Yellen said the U.S. economy should continue to expand over next few years and stressed a gradual approach to tightening as central bank monitors inflation. The attention will be on the Q&A.

Sweden Wins Award For 'Best Country To Be A Migrant'

The U.S. News & World Report has decided to rank 80 countries around the globe based on their appeal to migrants.  To summarize the results, the countries with the best economies and highest entitlement spending per capita allow their migrants the greatest opportunity to export domestic wealth and are therefore the 'winners.'

Why Wages Are So Weak - A Thought Experiment

"...we are getting paid less for our job-specific knowledge because technology is making it easier to replace us without major loss of productivity with less skilled workers... The implications for markets are significant..."