Friday August 5, 2011 will likely be remembered as “the NEW Black Friday” or “THE” Black Friday. On that day, after markets closed, Standard and Poor’s (S&P) fulfilled its previous warning and downgraded the sovereign credit rating of the USA to AA+ from the fifty-years-old AAA.   On Monday the 8 th , the stock market took a tremendous dive in excess of 6% and all the pundits and talking heads blamed it on S&P’s downgrade. Clearly, the downgrade came in handy to justify the s

It appears more and more each day that the ultimate goal of the ACA is the institution of a single payer national healthcare delivery system similar to those of all socialized countries.  While the purported driver of healthcare reform was the uninsured population and the effort to provide something similar to Medicare or Medicaid to that population, the underlying economic driver of healthcare reform was, in fact, the overwhelming demographic data that both Medicare and Medi

Delaware is ranked number one in economic freedom among the states in the 6 th edition of the Fraser Institute’s Economic Freedom of North America. Why is this important?

Thanks to no sales tax and low property taxes, Delaware has a competitive business tax climate.

Our comparisons of per capita costs for solid waste handling with other states showed Delaware was 159% higher

Over the past 10 fiscal years the Delaware Economic Development Office’s Delaware Strategic Fund has awarded over $201 million to firms and organizations in Delaware. Over $126 million of the awards have been outright grants, while $38 million has been in the form of loans, almost $34 million in convertible loans, and the remainder in preventure and equity funding. Has there been a logic to this largess?   The answer is mixed.   Are the disbursements used to offset the busine

For a number of years the state of Delaware has using capital funds to cover operating costs.

This is the full 2013 Medicare report from the CMS Medicare Board of Trustees. This document outlines the current state of Medicare and the future of Medicare/Medicaid, as studied by insurance actuaries working with or for CMS. http://go.cms.gov/18S2l5Y

This article first appeared in The News Journal print edition January 14, 2015 and at Delawareonline.com January 13, 2015. Read the original HERE When I read Delaware’s proposed Health Care Innovation Plan, I can’t help but think of the German economy under the top-down control implemented in the 1930s. Other than coal, Germany had to import most of the natural resources that drove its economy. The imports included oil, ore for steel, aluminum and copper, and grain to feed l

The Daliy Beast reports that Delaware is over the top on state government debt.