Stock

Las Vegas: Convention Attendance and Visitor Traffic up Slightly in 2019 Through September

During the recession, I wrote about the troubles in Las Vegas and included a chart of visitor and convention attendance: Lost Vegas. Since then Las Vegas visitor traffic recovered to new record highs. However, in 2018, visitor traffic declined 0.2% compared to 2017, but was still 7.5% above the pre-recession peak. Convention attendance declined 2.2% […]

Stock

Tech stocks: Should I stay or should I go?

It took the tech-heavy Nasdaq composite index 15 years to reclaim the 5,000 mark after the painful bursting of the dot-com bubble in the early 2000s. Today, the index sits around 8,000, an 80% increase in just five years. Tech stocks are back in the headlines as the sector to watch. But with euphoria around […]

Real Estate

75 Years of VA Home Loan Benefits

Today, on Veterans Day, we salute those who have served our country in war or peace, and we thank them for their sacrifice. This year marks the 75th anniversary of VA Home Loan Benefit offerings through the Servicemen’s Readjustment Act, also known as the GI Bill. Since 1944, this law has created opportunities for those […]

Tax

The UK government is not like a household – and does not have a household type budget. That’s because it, quite literally, makes the money the rest of us use. So let’s stop pretending it has a credit card

Prof Charles Adams of Durham University posted this on Progressive Pulse on Saturday. It is well worth sharing here. I have already tackled one of the falsehoods perpetuated about the UK economy this morning, which is that the UK has debt of £1.8 trillion when the real figure is less than £1.4 trillion. Charles slays […]

Tax

The UK does not have national debt of £1.8 trillion. It’s less than £1.4 trillion, as their own accounts show. So might journalists stop repeating the government’s lies on this, please?

The Guardian, in an ineffectual review of Tory claims about Labour spending plans, shows its ignorance of UK government accounts by claiming: A danger for both Labour and Conservatives is that pushing up borrowing could lead to higher interest payments on government debts. Britain pays about £40bn a year to service a debt pile of […]