No one knows for sure the facts on illegal immigrants living in the United States. Nevertheless, lets start with one common estimate of the illegal population: 12 million persons. Now, some have suggested that the U.S. deport these twelve million people, sending them back to their land of birth. Lets assume that illegal immigrants will not pay any […]

When the Sage of Omaha, Warren Buffet, fretted last year that the trade deficit signified that foreigners were taking over the United States, he echoed common misunderstandings about the excess of U.S. imports over exports and the growing volume of dollar assets held by the rest of the world. (See: “Warren Buffett fears foreign […]

The Financial Accounting Standards Board (FASB) is made up of seven members, six of whom are either ex-partners of major accounting firms or former high-ranking financial executives of their clients. Unfortunately, there is no effective ombudsman or meaningful representation on the accounting standards board for tens of millions of small investors that entrust their life […]