Home » Entries posted by Raymond Keating (Page 5)
Entries posted by Raymond Keating

The U.S. Supreme Court mixed things up at the end of its annual term with a decision on video games. A 7-2 Court majority struck down a California law barring the sale of violent video games to minors, requiring the packaging of such games to be labeled with “18,” and imposing a fine up to… Continue Reading Video games, parents and the First Amendment

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In an NBC “Today Show” interview on June 14, President Barack Obama revealed a stunning degree of ignorance as to how the economy works. Talking about his jobs council and the high level of unemployment, the President declared, “The other thing that happened though, and this goes to the point you were just making, is… Continue Reading What happens when the president doesn’t understand economics?

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Getting trade basics and numbers wrong

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Why do so many (most?) business reporters and television talking heads, along with a boatload of economists, get the story dead wrong on trade? Whenever the latest U.S. trade numbers — i.e., exports, imports and the trade balance — are released, if imports are up and the trade deficit expands, a cacophony of voices spout… Continue Reading Getting trade basics and numbers wrong

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The economic and political Medicare mess

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Do the American people have the courage and clarity to do what’s needed to get government under control? Let’s face facts. Every penny in a federal budget estimated to hit $3.8 trillion this year — along with a deficit of $1.6 trillion and federal debt held by the public reaching $10.9 trillion — has a… Continue Reading The economic and political Medicare mess

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National Labor Relations Board attacks

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Should a federal government agency dictate where a business can and cannot produce goods and services in the U.S.? Of course not. Right? Well, as crazy as it might sound, that’s what the National Labor Relations Board (NLRB) is doing to a leading manufacturer. Doing the bidding of the International Association of Machinists and Aerospace… Continue Reading National Labor Relations Board attacks

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What is the future of education?

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Developments from three places across the nation provide important information about the challenges and opportunities involved in bringing about real change in primary and secondary education. The bad news came out of Sag Harbor, N.Y. It was announced in early May that Stella Maris Regional Catholic School — the oldest Roman Catholic school on Long… Continue Reading What is the future of education?

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The federal government vs. online poker

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Looking for some quiet work time a few weeks ago, I popped open the laptop at a workstation in a local public library. A few minutes later, a lady sat down at the table next to me, and set up two rather large laptops. I was curious, but dutifully kept to my own business of… Continue Reading The federal government vs. online poker

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Major opportunities in the movie world

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My inner nerd is jazzed about the summer movie season. Meanwhile, the economist in me is both excited and concerned about how the digital economy will affect Hollywood. On the nerd front, the summer schedule is crowded with superheroes on the big screen, with “Thor” released on May 6, followed by “Green Lantern” (June 17),… Continue Reading Major opportunities in the movie world

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Trade trends and deals suffering greatly

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Trade policy largely has been in hibernation during the presidency of Barack Obama. That’s unfortunate given how important trade is to U.S. businesses and workers. During and after one of the worst recessions since the Great Depression, trade has suffered greatly. From a peak in July 2008 to April 2009, U.S. exports dropped by 26… Continue Reading Trade trends and deals suffering greatly

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Small business thoughts on the economy

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Tune in to Wall Street, and hope exists that the economic recovery might be strengthening. But that does not seem to be the predominant feeling on Main Street. Despite the obvious importance of Wall Street in terms of capital and credit, America very much is a nation of small businesses. For example, according to the… Continue Reading Small business thoughts on the economy

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