My $40,000 knee

Over the next five years, health care spending in the U.S. will total $21 trillion. Spending on health care in America today represents over 17% of the United States economy. By 2017, that number will climb to almost 20% of spending. Now I know why. Experts agree that...

Is Main Street really recovering?

As Wall Street climbed higher and higher over the last five years, Main Street has languished. Jobs, until recently, were few and far between. But if the latest economic statistics can be believed, things just might be looking up. The number of Americans filing new...

The Grecian Drama

Greece is once again on center stage as the world looks on, wondering if this time the country’s finances will finally implode. It is a play we’ve seen before and its outcome fairly predictable. Several weeks ago, I warned readers to expect turmoil in Greece. As...

The labor market is on fire

Non-farm payroll employment increased by 257,000 jobs in January and the gains for the preceding two months were revised upward as well. Even better news was hourly wages that jumped 0.5% in January to $24.75 after declining in December. That’s the biggest gain in six...

The truth behind Black Friday

The disappointing 11% decline in brick and mortar retail sales on Black Friday took Wall Street and Corporate America by surprise. Excuses vary from the holiday shopping fad has run its course, to people just wanted to be with their families on Thanksgiving. Don’t...

The Pipeline made simple

The U.S. Senate rejected passage of the Keystone Pipeline by one vote this week. The controversial energy plan will be back on the agenda, however, in January. For most of us, separating fact from fiction as both sides alter the facts is difficult at best, but here...