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We’ve all seen the statistic: since 1913, the dollar has lost 98% of its purchasing power. That means that roughly, you now need $50 to buy what you could have bought for just $1 a little over 100 years ago.

But the media are obsessed with a strong dollar today. To counteract the hysteria, NPR reported a refreshing point :

Commerce Secretary...

Monday, 30 March 2015 |

Who is the Inner Person?

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In chapter four of the Second Epistle to the Corinthians by Saint Paul,  we read very profound and significant words which I would like to explain: “But even if our outer person is wasting away, our inner person is being renewed day by day” ( II Cor. 4, 16).

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Who is this outer person? That’s the one who’s well-known to...

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I came to writing about money by accident. After graduating from Trinity College, I went into a PhD program at the University of Chicago to study with the greatest Irish historian of his generation. With his training and mentorship, I thought I was going to become a famous historian, though I would focus on transatlantic immigration. Looking back,...

Saturday, 28 March 2015 |

Do not Add to His Words: The Liberal Response

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imageJoel Kalvesmaki is Editor in Byzantine Studies at Dumbarton Oaks, overseeing the production of Dumbarton Oaks’ flagship Byzantine publications, print and digital. He is active in the digital humanities and his research covers intellectual history in Late Antiquity, with a focus on ancient number symbolism and the writings of Evagrius...

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This post illustrates how remarkably short investors' memories are. Or they may be betting that if they have a big enough hissy fit when monetary authorities raise rates, as they did during the taper tantrum of 2013, that central banks will lose their nerve....
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By Business Reports....
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March 27, 2015...
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With this week officially over, we await the next one (and I am one step closer to spring break)

International Politics

Overall

- Part one of three with the parents of Rachel Corrie, a 23-year-old American killed by a bulldozer in Israel in 2003, about the pain they still feel

- A new study found, as a result of Western intervention, at least 1.3...

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imageResearchers at Rice University have perfected a technique they call 'wet spinning' to bundle millions of nanometer-sized carbon nanotubes into micron-sized threads....
Friday, 27 March 2015 |

Using Shiller To Project Market Returns

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Summary Future S&P returns not as enticing as past periods. Examples using Shiller data to project earnings growth over a 5 and 10 year range. Going forward a heavier weighting of dividend stocks could be a safer alternative to stocks …...

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