Author DM Celley

#economics

THE DANGER FROM RISING SEA LEVELS

Global warming is a fact of life today, and it brings with it another nemesis—rising sea levels.  This condition is exasperated by the huge amounts of carbon dioxide released into the atmosphere from the burning of fossil fuels for energy.  Efforts are being made in many countries throughout the world to reduce the consumption of

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THE OVERALL IMPACT OF THE TRANS-ALASKA PIPELINE

An economic boom usually occurs wherever oil is discovered.  State and local governments in particular come out on top, and the growth in the area generates much in the way of income for local businessmen and real estate developers.  But in the case of the Prudhoe Bay oil fields in north Alaska, the impact to

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JOHN PIERPONT MORGAN—AMERICA’S GREATEST FINANCIER

During the time the U.S. grew economically after the Civil War ended, a class of ultra rich entrepreneurs rose to the top of many of America’s industries.  Those that were the most successful had the backing of crafty financiers to provide large sums of capital when needed and to solve financial problems that blocked or

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HOW THE FEDERAL RESERVE WAS FORMED AND HOW IT FUNCTIONS

In 1907, the U.S. banking system was brought to its knees by a bank panic—a condition where depositors lose confidence in their bank’s ability to pay back their money and thereby withdraw it.  This situation occurred several times throughout U.S. history causing economic mayhem until the panic settled back down and liquidity returned to most

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THE DIFFICULTIES FACING CHINESE EMIGRANTS

Chinese emigration is on a long-term rising trend.  Many Chinese of all stripes have mustered the courage to leave China for a better life in another country.  However, thanks to the current regime, the shadow of the Chinese Communist Party follows all emigrants wherever they go.  Just as the regime expects proper political behavior at

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IS NOW THE RIGHT TIME TO INVEST IN CHINA:  PART III

When the China joined the World Trade Organization in 2001, an up-and-coming economy soon became an economic powerhouse with dynamic 6-10% plus growth in GDP year after year.  The Chinese stock markets became the market of choice for many foreign investors to take their money for great, and sometimes outsized, returns.  For sundry reasons this

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HOW LIFE INSURANCE COMPANIES ARE IMPACTED BY PRIVATE-MARKET FIRMS

Life insurance companies do not always make a profit from the insurance underwriting portion of the business.  Most of the profit comes from investing the policyholders’ premiums and realizing the financial returns.  In a way this amounts to a double-edged sword of risk taking—first in the underwriting of insurance policies, and secondly in the management

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