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Yesterday, the Seattle Seahawks beat the New England Patriots in Super Bowl LX at Levi’s Stadium in Santa Clara, California. From a financial perspective, each Seahawks player will take home $178,000—payment for that particular game. Now, given that the Superbowl was played in California—and the players earned money playing in the game— it’s
This was a tough week for rational people… because the Inspired Idiots have been out in force over the last several days. From the Grammys to the Communists to the good old legacy media, you might have been rolling your eyes so much that you have a pounding headache at this point. And
In 1431, a boy named Rodrigo was born to a minor noble family in Valencia, Spain. He was bright, ambitious, and lucky. His uncle Alonso was a bishop with powerful connections who had climbed the ranks of the Catholic Church. Uncle Alonso leaned on those powerful connections in the year 1455 when he
It wasn’t until somewhat recent history that the price of gold was less than $1,000 per troy ounce. Now (as you probably know), the price of gold has just dropped by $1,000 in only a matter of days. Silver’s decline was even more violent. Much ink has already been spilled over this, suggesting
Two days ago I wrote to you about how Elizabeth Warren single-handedly destroyed an American technology company headquartered in her home state. She killed a deal for Amazon to buy iRobot— maker of the popular Roomba robot vacuum cleaner. And as a result, iRobot filed for bankruptcy and got scooped up for peanuts
Almost exactly two years ago I wrote about Senator Elizabeth Warren’s heroic quest to destroy Amazon’s acquisition of iRobot. You might be familiar with iRobot; they are the maker of the robotic “Roomba” vacuum cleaner, and Amazon wanted to buy it for more than $1 billion. Well, Lizzie Warren wasn’t having any of
In the year 578 AD, a Korean immigrant named Shigemitsu Kongo arrived in Japan at the invitation of the royal family. Buddhism was flourishing, and the Japanese needed someone who knew how to build temples. Kongo was their man. He founded a construction company—Kongō Gumi—that would go on to build some of Japan’s
When my Ukrainian wife and I got married several years ago, one of the first things we had to do was apply for her US residency visa so that we could continue living in Puerto Rico. The process was overly bureaucratic and cumbersome… and there is ample room to reform it. But the
In the early 2000s as my time in the military was winding down, I had the opportunity to spend a few months of ‘terminal leave’ in Europe. I had just completed a couple of tours in Middle East, so, for me, Europe felt like the pinnacle of civilization. Twenty years later the continent
In the ancient town of Casinum—modern-day Cassino, Italy—parts of a Roman amphitheater still stand after nearly 2,000 years. Carved into the stone, in Latin, is an inscription that translates to: “Ummidia Quadratilla, daughter of Caius, built the amphitheatre and temple for the people of Casinum at her expense.” Ummidia Quadratilla was a wealthy
Every January, a consulting firm called the Eurasia Group releases its annual “Top Risks” report—required reading in corporate boardrooms. That’s because the firm’s founder, Ian Bremmer, is a CNN and MSNBC regular. His chairman, Cliff Kupchan, is a former Clinton State Department official. They’re about as establishment (i.e. leftist) as it gets. This
Former Fed Chair and ex-Treasury Secretary Janet Yellen finally told the truth. In recent remarks at the American Economic Association, she told the audience that US finances are in worse shape than most third-world countries. She said specifically that America’s “needed belt tightening is significant—larger than in most programs supported by the International
Congratulations to Kamala Harris on her new $8.2 million beachfront home in Malibu. The former Vice President—who spent years warning Americans that “our oceans are warming” and “sea levels are rising”—has apparently decided the beaches of California are safe enough to bet $8 million on. During her 2019 presidential primary campaign, Harris was
In 1913, Argentina was one of the wealthiest countries on Earth. Its GDP per capita rivaled that of Western Europe. The port of Buenos Aires bustled with international commerce. Immigrants flooded in from Italy and Spain, chasing the same promise that drew millions to US shores. Then came the Peronists. Juan Perón rose
On September 1, 1575, a royal courier from King Philip II of Spain arrived to the banking house of Niccolò de Grimaldi in Genoa. The Grimaldi bank had loaned Philip quite a sum of money, and the Italian bankers already knew that the king’s finances were on shaky ground. So when they opened
