Honey, Joe Biden Just Shrunk Our Pension

President Joe Biden recently issued his first veto since taking office on Jan. 20, 2021. Biden rejected a bipartisan bill that would have required investment fund managers to take politics out of their investment decisions and to stay focused on providing the best return to their clients as much as possible. Why should you care? Because Biden was, in effect, saying it was permissible for fund managers, who have control of trillions of dollars in pension accounts, to take into consideration a company's ESG score (related to how it stands on racial justice, climate change and LGBT issues) ...

Paris Hilton

Landed Fortunes

"€œThere is no more potent instrument of fate in 19th century fiction than the legacy."€ So writes a female columnist in Britain's best newspaper, The Daily Telegraph, and ...

Bitcoin Goes Pro

It’s official. The filthy lucre is here to stay. I’m talking about the crypto-currency bitcoin (BTC), the story of whose rise has been a smoking volcano the last two ...

Islamic Finance Comes West

There is an atmosphere of foreboding upon the world stage that may account for the bitcoin’s steady rise against the dollar. BTC closed at $213.5 on November 1, up from $130 ...

The Breakdown on Bitcoin

As predicted in recent weeks in this column, those holding the bitcoin currency have seen their coin rise in value to a high of $195.8 from around $130 early in the month. As of ...

Net Worthlessness

For about three years I have subscribed to two free Internet sites that offer investment advice. In a moment of madness or lack of self-knowledge, I thought I might start to take ...

How to Get Rich in America in 30 Easy Steps

Want to make money in America? Start up a business and sell it. I"€™ve done it a bunch of times and made a ton of money in the process. Here's how you can do it, too. 1. READ ...

Elon Musk

The Odiferous Musk of Billionaires

I hate billionaires. I loathe, disdain, and want to throw them in a wood chipper; take your pick, I can"€™t stand to be in a room with them. Millionaires are a different story. ...

How to Wean the Dependent

Can the millions of Americans now accustomed to food stamps, subsidized housing, and free school lunches be weaned from this dependency? In principle the answer is "€œyes"€ ...

Denise Rich

Chasing Away the Rich

On Tuesday, the New York Post ran a headline that said, "€œDenise selling out USA."€ They claim that Denise Rich, millionaire ex-wife of oil tycoon Marc Rich (whom the Post ...

Don”€™t Kick the Economy in the Privates

As Mitt Romney stumbles his way through the Republican primaries, his candidacy has brought renewed scrutiny of the oft-demonized world of private equity. Before venturing into ...

An Envious Europe Looks West

When the bloated and declawed Las Vegas casino-money recipient Newt Gingrich had some fun recently over Mitt Romney's ability to speak a few words of French, Europeans took notice ...

A Human Centipede of Envy

No one ever enjoys having memes belched in their face, but Lord above please toss me into the Lake of Fire if it didn’t happen to me twice last week. It was the same ...

All That Glitters is Not Gold (A Cautionary Tale in Two Parts)

Part II Last week I wrote about my memorable-albeit-disagreeable encounter with one Daniel C. Leghorn in Bemelman's bar at New York's Carlyle hotel. It was there where, fortified ...


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