Author Archives: Douglas A. McIntyre

How Much Would the US Have to Pay for Greenland? Maybe Half a Trillion Dollars.

The Trump administration has repeated its interest in the purchase of Greenland. The world’s largest island is currently owned by the Kingdom of Denmark and is officially an autonomous country, ...
Read Full Story »

US Forces in Pacific Could Be Overwhelmed by China’s Military

A new report says that in a conflict between China and the United States in Asia, American forces may quickly be crushed. Among the reasons are U.S. weapons systems that ...
Read Full Story »

Visa Top Performing Stock in Dow in 2019

The Dow Jones industrial average has started to retreat from its 2019 peak. However, several components are up over 30%. The leader among these is Visa Inc. (NYSE: V), which ...
Read Full Story »

Oddsmakers Put Warren Ahead Of Biden

There are at least two ways to determine which candidates are most likely to get elected. One is polls, which have, in the past, missed the mark. The other is ...
Read Full Story »

Would You Buy US Debt That Matures in 100 Years?

Several media report that the U.S. Treasury Office of Debt Management has started to consider whether the government should issue 50-year and 100-year bonds. Treasury Secretary Mnuchin confirmed this. Although ...
Read Full Story »

JC Penney Results Keep It in Penny Stock Territory

J.C. Penney Co. Inc. (NYSE: JCP) posted quarterly results that will keep its shares in penny stock territory, perhaps permanently. The New York Stock Exchange already has warned the struggling ...
Read Full Story »

These Are Peter Fonda’s 71 Films

Peter Fonda died at age 79 of complications of lung cancer. He was part of Hollywood royalty, son of screen legend Henry Fonda and younger brother of megastar Jane Fonda. ...
Read Full Story »

Argentina’s Chance of Default Soars

Credit rating agency Fitch believes that the financial and political unrest in Argentina has substantially increased the chance it will default on its sovereign debt. That could deeply trouble the ...
Read Full Story »

Get Ready for $2 Gas

The summer of 2019 is starting to look like the summer of 2016. That year, gasoline prices started below $2 a gallon in winter. They rallied slightly into the summer ...
Read Full Story »

Hong Kong International Is World’s 8th Largest Airport

Hong Kong International Airport, shuttered by protests, is the world's eighth largest, as measured by passengers per year. In 2017, it handled 74,517,402, slightly fewer than London's Heathrow. And it ...
Read Full Story »

China Slows Toward Recession Pace

China's economy has slowed considerably. According to its National Bureau of Statistics for China, "In July, the total value added of the industrial enterprises above the designated size grew by ...
Read Full Story »

USPS Is Losing $1 Billion a Quarter. How Long Can It Survive?

The U.S. Postal Service (USPS) reported two troubling numbers for its most recent quarter. The first is that revenue was flat at just above $17 billion. The other was that ...
Read Full Story »

These Four Southern States Have the Highest Bankruptcy Rates in the US

Bankruptcies rose last month nationwide, hitting a total of 64,283. That was up 3% from July of last year. Bankruptcies are on a pace to reach nearly 800,000 in 2019. ...
Read Full Story »

This Is What Happens If You Swim in Toxic Lake Water

The State of New Jersey recently warned people not to swim in Lake Hopatcong, the state's largest. In fact, people have been told not to touch it. Large parts of ...
Read Full Story »

This Mansion In Detroit Cost 85 Times What An Average Home Does

A home built by the man who founded the retailer which would become known as KMart built a 20,000 square foot house in Detroit in 1914. It is currently for ...
Read Full Story »