Scary Scotland

by Elliot F. Eisenberg, Ph.D. (9/10/14, econ70.com)

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Scotland’s independence bid assumes using the British Pound and gaining EU admittance. Britain will forbid Scotland from using the Pound and the EU will force Scotland to apply for EU membership and adopt the euro. Scotland could bypass the EU and use a new currency tied to the Pound. This means either losing all control over monetary policy or all preferential trade access. Voluntarily choosing either is economically insane.

Elliot Eisenberg, Ph.D. is a nationally acclaimed economist and public speaker specializing in making the arcana and minutia of economics fun, relevant and educational. Read more of Elliot’s articles at econ70.com.

Marginal Millennials

by Elliot F. Eisenberg, Ph.D. (9/9/14, econ70.com)



In 2010, households headed by those under age 35, the Millennials, had median income of $37,600, now it’s just $35,300. Worse, 41.4% of them have student loans, up from 33.6% in 2007 and 23.3% in 1998 and the balances are up from $10,000 in 1988 to $17,300 in 2013. Moreover, just 38.6% hold equities, down from almost half in 2001. Unsurprisingly, their median net worth is just a paltry $10,400.

Elliot Eisenberg, Ph.D. is a nationally acclaimed economist and public speaker specializing in making the arcana and minutia of economics fun, relevant and educational. Read more of Elliot’s articles at econ70.com.

Awesome Autos

by Elliot F. Eisenberg, Ph.D. (9/8/14, econ70.com)



The combination of falling gas prices, zero percent six-year financing, an aging fleet, and newly styled feature-rich cars is turbo-charging auto sales. Annualized 8/14 sales were a stunning 17.53 million units, up from 15.94 million in 8/13, 11.80 million in 8/10 and the highest since 17.57 million were sold in 1/06. Electric car sales have hit the skids at just 3.6% of YTD sales, down from 3.7% last year.

Elliot Eisenberg, Ph.D. is a nationally acclaimed economist and public speaker specializing in making the arcana and minutia of economics fun, relevant and educational. Dr. Eisenberg earned a B.A. in economics with first class honors from McGill University in Montreal, as well as a Masters and Ph.D. in public administration from Syracuse University. Read full bio at http://econ70.com/about/

Read more of Elliot’s articles at econ70.com.

Rick Lazio LIVE on Radio for 1-Hour, Thursday, 9/4/14 @ 5pm EDT

Rick Lazio will be the only guest on the Costa Report Radio Program which broadcasts from CA on Thursday, 9/4 from 5pm - 6pm EDT.

Rick will be on for the entire hour of the broadcast with host Rebecca Costa. The topics will include Affordable Housing, the Mid-Term Elections and the Republican’s plan if they take over the Senate and maintain a majority in the House.

You can listen to the LIVE streaming audio at http://ksco.com/, again at 5pm EDT tomorrow, 9/4/14.

Should you want to hear the interview after it airs, you can access it at http://www.rebeccacosta.com/the-costa-report.htm and listen to it at your convenience.

Rob Portman For President?

by Jennifer Rubin (The Washington Post, 8/28/14).

Sen. Rob Portman (R-Ohio) is reportedly considering a run for the presidency. He has not been on the radar screen for 2016, but that doesn’t mean he isn’t a viable candidate. To the contrary, he might be the most qualified nominee since George H.W. Bush.


Sen. Rob Portman, center, speaks with reporters as he arrives for a vote on an energy bill he co-sponsored at the Capitol in Washington on May 12. (Associated Press)

Portman served six terms in the House, four years as U.S. trade representative and a year as head of the Congressional Budget Office before his current Senate term. He has said, like Sen. Marco Rubio (R-Fla.), that he won’t run for both the Senate and the presidency. He is conservative, but not extreme, if you listen to several conservative groups. In 2011, National Journal ranked Portman as the 35th most conservative senator. The American Conservative Union gives him a lifetime 85.53 average. The Club for Growth  gives him a 74 percent lifetime rating, with a 71 percent rating for 2013. Heritage Action gave him a 55 percent rating (dinging him for voting for the Ryan-Murray budget, prohibition of discrimination against gays in employment (ENDA) and voting to bring up the immigration bill — although he voted against it on the merits).

Most noteworthy, in 2013 he became the first Republican in the Senate to come out in favor of gay marriage. (Three days later, Hillary Clinton announced that she, too, favored gay marriage.)

Read Full Article at washingtonpost.com.