Rick Perry’s Granite State headquarters has the feel of a typical campaign office: Red, white, and blue “Perry – President” placards line the walls, young staffers tap away incessantly on keyboards and Blackberries, and dry erase boards are crowded with maps of the state, important dates, and key endorsements.
New York resident Harry Belafonte recently denounced Herman Cain as a “bad apple” as a “false Negro” and as someone “denied intelligence” and “denied a view of history.” If only Herman Cain were a lily-white Stalinist whose regime murdered more people in its first three years in power than Hitler's murdered in its first six.
The year was 1999 and the anarchists descended on Seattle. They were called a peaceful group of human rights leaders, students, environmental groups, etc., wanting fairer trade with less exploitation. Sounds like the group down on Wall Street. Prepare for violence. We remember this crowd.
For the time being, it appears that inflation in China is under control. While we may not get an official announcement about a monetary easing policy until later this year, I believe we’ll at least see a quiet end to the tightening. And a China that’s back online with spending and lending, my friends, is very bullish.
Rep. Paul Ryan gives the plan a thumbs-up. Supply-side mentor Art Laffer tells me it would be "far, far better than the current system." And Chris Chocola, president of the free-market Club for Growth, calls it "a truly revolutionary tax reform that would amount to a massive job-creating tax cut on investments, savings and income."
There is a real risk of a Chinese implosion as well as a commodities implosion led by five factors. Be warned.
I know there are some people in America who still have free cash flow, but most taxpayers have less income and assets than they did a decade ago, yet their expenses have increased due to inflation. I don't want to spend a dime that I'm not required to spend, and you probably don't want to either.
The market's rally over the past few days as of October 14, 2011 illustrates quite clearly how the short side can cause one headaches, but persistence is often required. Not many have the requisite psychology, and some might say you have to be downright crazy to short.
You may or may not know, but I am on the board of the National World War Two Museum in New Orleans, Louisiana. Lots of people say it’s “an honor” to do this or that, but to me this is an amazing privilege and opportunity to do something good for some people, and my country.
The world’s financial leaders will gather amongst the twinkling lights, fine wine, and wonderfully rich French cuisine, and hopefully won’t immerse themselves too much in one of the world’s most romantic, charming, and fairytale cities.
I am looking at a reproduction of an old engraving of Jerusalem's Church of the Holy Sepulcher. It is in Bat Ye'or's book "The Dhimmi," which collects primary documents from history to chronicle the impact of Islamic law on non-Muslims through the centuries. What is notable about the image, which is based on an 1856 photograph, is that the church, said to be at the site of Jesus Christ's crucifixion and burial, has no cross and no belfry. Stripped of its Christian symbols, the church stood in compliance with the Islamic law and traditions of the Ottoman (Turkish) Empire, which ruled Jerusalem at the time.
So, let me get this straight: The Iranian government decided it would be a good idea to launch a plot to kill the Saudi Arabian Ambassador to the U.S. To do this they sent two geniuses to contact a guy they thought was a Mexican drug bandito but was actually an undercover agent pretending to be a drug bandito to do the deed.
No one denies the long suffering of the Schalit family. Noam and Aviva Schalit and their relatives have endured five years and four months of uninterrupted anguish since their son St.-Sgt. Gilad Schalit was abducted from his army post by Palestinian terrorists and spirited to Gaza in June 2006. Since then, aside from one letter and one videotaped message, they have received no signs of life from their soldier son.
The trash generated by the "Occupy Wall Street" protests keeps piling up. So do the bills. Liberal media outlets claim the anarchic, anti-capitalist movement is more popular than the tea party. But wait until Americans across the country get a full picture of the costs of the aimless occupiers.
If the Iranian government doesn't frighten you, you haven't been paying attention. The regime in Iran has been killing Americans in Iraq and Afghanistan for many years and has sworn countless times in the past 30 years to preside over the destruction of the United States.
Going through ideological miasma on the Roosevelt Institute’s and the Campus Network’s websites, it’s hard to understand how any real Republican could have signed up with a lefty group while expecting to hold on to the nomination for US Senate from his supposedly conservative party.
Official Washington -- meaning the Obama administration, fellow travelers in Congress and their allies in the so-called mainstream media -- here's a quick peek at some recent events, the lead stories they generated and the response by the O-Team. Let me know if you think I'm wrong, but it looks to me as if they have the collective attention span of a fruit fly.
Some of the Republican candidates wanted to audition for Comedy Central the other night, aiming their one-liners at Herman Cain. But the pizza man is no joke. Cain is able, you might say. If his rivals are not taking him seriously, they should. Everyone else is.
Could anyone have imagined even a few years ago that the 2012 U.S. presidential race might end up as a contest between two black candidates? I certainly couldn't have. Yet, with Republican candidate Herman Cain's recent surge in popularity, the possibility is there. This says a great deal about race in America -- all of it good.
Ayatollah Khomeini, leader of Iran’s 1979 Islamic Revolution, had a saying: “The Americans cannot do a damned thing.” Tehran has tested that proposition time and again – conspiring, over three decades, to kill Americans in Lebanon, Saudi Arabia, Iran and Afghanistan.
If being a millionaire still appeals to you, here's good news -- Michael Ellsberg has just published a new book, "The Education of Millionaires," which promises to make any numbskull ridiculously rich, even if the numbskull in question didn't go to college
Factor into the picture a jobless non-recovery with real wages falling, and the Congressional approval rating is both easy to understand and well deserved.
The Mexico plant will produce solar panels to be shipped back to California for a proposed "solar ranch" in San Luis Obispo County that will have a grand total of 15 permanent presumably American jobs. That works out to $82.6 million per job created.
Instead of having federal tax deductions that are based on how much interest you had to pay, which provides incentives to people to rack up a lot of debt, what if we had tax credits that reward people based on how much loan principal they've paid down or that rewards them for maintaining no debt?
Preventing terrorist attacks requires a very different operational model than arresting individuals responsible for such attacks, and the NYPD has served as a leader in developing new, proactive approaches to police counterterrorism.
It is an irony, but not a coincidence, that Barack Obama's post-partisan era has seen the rise of the tea party movement and Occupy Wall Street. Certainly, the momentum of polarization was strong before Obama arrived in Washington.
"It's the economy stupid" is the infamous mantra conceived by political consultant James Carville that underscored the main issue driving the 1992 presidential race. A few months later, Bill Clinton replaced George H.W. Bush (41) as president, and it was the focus on the economy that got him there.
What to do about Herman Cain? This question goes not to the Republican Party, where "establishment" candidates like Mitt Romney privately dismiss Cain as lacking the experience, gravitas and resources to beat President Barack Obama and then to soundly govern the country.
Hoffa and the Justice Department, says the man who wants head up the Teamsters union, have abused a decades-old consent decree, “which was once used to remove mobsters two decades ago, [but] is now being used to target [Hoffa’s] critics” through a “rogue investigative unit set up by the decree.”
America is undergoing a revolution. Two revolutions, to be exact. One is made up of hardworking families who believe that what matters -- or should matter -- are their good efforts, minimal government intrusion in their lives, and a fair but free enterprise system that incentivizes small businesses and doesn't countermand that incentive by imposing a burdensome tax liability.
I have noted time and again that in a discussion of politics the first person to inject the topic of race into the discussion is often the racist. This time it was in a discussion of politics on MSNBC led by Lawrence O'Donnell, who interviewed Herman Cain, the surprising "non politician" who is fast becoming a powerful contender for the Republican presidential nomination.
On September 12, the pioneering Rep. Thaddeus McCotter introduced trailblazing legislation providing workers the freedom to choose personal savings and investment accounts to finance half of their future Social Security benefits.
On September 24th, the National Post, considered to be one of the most conservative mainstream media outlets in Canada, ran a compelling ad featuring the face of a little girl (perhaps four or five years old) with this caption: “Please! Don’t confuse me.” Beneath her photo the text continued: “I’m a girl. Don’t teach me to question if I’m a boy, transsexual, transgendered, intersexed or two spirited.”
Lenin was certainly right. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.
The Brotherhood, Egypt’s largest Islamist organization, could be seen in places where the government was glaringly absent in providing basic services, consciously using these small openings to build up support among the populace in anticipation of the day that a power vacuum would emerge in Cairo for them to fill. Meanwhile the Copts, comprising some 10 percent of Egypt’s 83 million people, stuck tightly together, proudly brandishing the crosses tattooed on their inner wrists in solidarity against their Muslim countrymen.
Modern politicians would like the top tax rate to be somewhere close to 40% with that old data. And President Obama was, at the time, seeking to let the Bush-era tax cuts expire, which would push the top marginal income tax rate up to 39.6%. Since spending has gone up, so must the top rate.
So far, the only major accomplishment of the "Occupy Wall Street" protesters is that they have finally put an end to their previous initiative, "Occupy Our Mothers' Basements."
It isn’t easy to earn interest income these days. Interest rates on government T-bills, banks’ savings accounts, and certificates of deposit are microscopic. You can blame our government and central bank. They have “ZIRPed” millions of American savers. Here are the details:
"The Coptic Hospital tried its best to deal with the sudden influx of casualties," wrote Carr, a Cairo-based journalist and blogger, in her firsthand account of Sunday's deadly attack on Christian protesters by the Egyptian military. "Its floors were sticky with blood and there was barely room to move among the wounded."
The unemployed among them complain that the jobs available to them are beneath them. This bunch seems to be living under the delusion that simply by virtue of having been born they are entitled to immediate arrival at the boardroom level with appropriate compensation.
Today marks the one-year anniversary of the official end to the administration’s deepwater drilling moratorium in the Gulf of Mexico, a milestone the House Natural Resources Committee is appropriately marking with a hearing on the continued reverberations of that decision.
Robert Jeffress introduced Texas Gov. Rick Perry at the Values Voter Summit on Friday. He started a great big hullabaloo by asking, "Do we want a candidate who is a good, moral person, or one who is a born-again follower of the Lord Jesus Christ?"
Here’s a question: At $58 an hour, why the heck would Ford workers ever want to go on strike? That’s $121,000 per year in wages and benefits at a time when the average American worker makes $38,337. Most CEOs and small business owners make less than that.
How dangerous is the European financial condition? On Monday, while stock markets from the DAX and FTSE to the New York Stock Exchange were up sharply on report of French and German cooperative murmurs regarding sovereign debt negotiations (and on temporary easing of U.S. double-dip recession fears), the financial and political European press were warning of a coming financial crisis of unmatched dimensions.
In yet another stunning attack on freedom of religion, President Barack Obama's Justice Department asked the Supreme Court last week to give the federal government the power to tell a church who its ministers will be.
This year, we may not get to see Kobe Bryant of the Los Angeles Lakers play. The people of Italy probably will. While the National Basketball Association lockout continues, Bryant is considering a deal worth $5 million for one year from the Virtus Bologna.
At the Values Voter Summit, Republican primary candidate Rick Perry was introduced by a megachurch pastor, named Robert Jeffress, who offered the audience an extraordinary false choice: "Do we want a candidate who is a good, moral person or one who is a born-again follower of the Lord Jesus Christ?"
Militant Islamist extremists murdering Egyptian Christians offer one criminal version of change amidst the Arab Spring 2011 revolutions. Islamist extremists, many linked to Iran or al-Qaida, are using assassination and violence to intimidate and kill moderates committed to peaceful, democratic modernization.
In their Oct. 7 press release announcing "coordinated enforcement actions" against medical marijuana dispensaries, California's four U.S. attorneys use the adjective "commercial" to describe their targets eight times and refer to "profit" nine times, not counting two mentions of "money" and one of "moneymaking."
Refinery strikes in Greece ahead of a general strike on October 19, have caused supplies of fuel to drop to a mere 3 days.The anemic performance in Chinese equities continues even as equities have rallied as much as 10% in the last week in many countries.
I wish I could provide you with a quick answer to such a straightforward question. But as with so many issues related to government programs, there are a number of factors that come into play.
Looking at the 10-year, there’s still a lot of cash on the sidelines. All that volatility over the last few months and all the doomsdayers preaching Armageddon have created a lot of nonbelievers in this market. I sincerely hope you’re not one of them.
The telecom stocks which appear to have the best total return potential, i.e. dividend yield plus price appreciation based on both technicals and fundamentals are Verizon (VZ), AT&T (T) and CenturyLink (CTL). Many of the other telecoms I reviewed had attractive fundamentals, but collapsing share prices, such as Frontier Communications (FTR) and Telephone and Data Systems Inc. (TDS).
C.S. Lewis's famous "trilemma" confronts those who affirm the moral teachings of Christianity while distancing themselves from Christ's more difficult declarations about His deity, man's sinfulness, and the narrowness of the path to salvation. Jesus' famous "Golden Rule," is enthusiastically embraced in postmodern society while his other teachings are widely rejected.
No sooner had my last column hit TH than I saw that some of the Occupiers were in fact moving to occupy Aspen, Colorado, a place, as Steve Martin reminds us, where rich kids with a sense of entitlement clash with developers with a sense of condominiums.
The gurus of financial engineering seemed to think if toxic mortgages were combined into one bundle (the pot), and then divided into separate tranches (bowls), the end result would be tranche #1 of better quality than tranche #2, and so on.
We live in strange times. Aren't they all? But much like Tolstoy's unhappy families, each strange time is strange in its own peculiar way. And most peculiar, at least this week, may be the little legal brouhaha that some of our fellow Americans -- learned citizens all, maybe too learned -- are trying to raise in the midst of the general acclaim for the latest accomplishment of the armed forces of the United States.
On Sunday night, Egyptian Copts staged what was supposed to be a peaceful vigil at Egypt's state television headquarters in Cairo. The 1,000 Christians represented the ancient Christian community of some 8 million whose presence in Egypt predates the establishment of Islam by several centuries. They gathered in Cairo to protest the recent burning of two churches by Islamic mobs and the rapid escalation of state-supported violent attacks on Christians by Muslim groups since the overthrow of former Egyptian president Hosni Mubarak in February.
Does Mitt Romney, an elder and former missionary of the Mormon Church, believe he will one day be a god…equal to Jesus…ruling his own planet? Does he agree with Mormon teaching that Jesus and Satan are brothers? That America is the Promised Land where Jesus will return one day to rule from the Garden of Eden, which Mormons believe to be Jackson County, Missouri? And do American voters have the right to know this?
Several years ago, my friend Kim fit the profile of a young “supermom” perfectly. You know, the one who looks like a million dollars, has time for the gym and weekly manis and pedis, volunteers as soccer team-mom for her daughter, and is a top-producer for her company. While other moms struggled in the back-to-school frenzy to find washable Crayola markers—classic colors, 10 count, not 8, mind you--plus red plastic folders with pockets, and more, Kim had it under control. All supplies sorted, bagged, and delivered to the classroom ahead of time. And she kept up that pace all year long.
In August, armed federal agents raided the offices and factories of the legendary Gibson Guitar Corp. in Nashville and Memphis. And what were they going after? Gun smugglers? Cocaine cargo? No. The federal search and seizure sought to capture ... ready? Wood.
You remember those ads on the internet that that said: “Obama wants you to go back to school!” It’s his fault that you have a degree in art history; a degree with such awful earning power that you can never earn back the money to pay the interest on the principal that you borrowed from the government.
Amid the expressions of grief at the passing of one of America's greatest innovators -- Steve Jobs -- one offhand comment by someone on CNN was jarring. Describing his brilliance, his inventiveness, his business genius and his inspired leadership, one host added, "And his parents didn't want him! They gave him up for adoption, if you can believe that!"
The death of one of the great innovators of our time, or any time -- Steve Jobs -- brings a question asked by Pete Seeger in another context. To paraphrase: Where have all the (creative) people gone; long time passing. Jobs and fellow computer innovator Bill Gates represent if not a vanishing breed, then at least one that might be classified, were it an exotic animal, as endangered.
President Barack Obama, with the help of some Republicans who take their orders from the U.S. Chamber of Commerce, is trying to pass a bill that will kill U.S. jobs, send more jobs overseas and make more Americans dependent on government handouts. That's the Frances Fox Piven strategy Obama learned at a Socialist Party conference in New York while he was attending Columbia University.
Al Sharpton, Nancy Pelosi, different leaders of varied labor unions -- pour it on, folks! Show your political solidarity with all the "occupations" going on around the country! Speak to us in anguished tones about the awfulness of free market mechanisms like banks and the horror of earning more money than someone else.
Last week, Newt Gingrich released his 21st Century Contract with America, composed of 10 specific legislative proposals he would enact if elected President. In the 1994 Congressional campaigns, Republicans not only rode Newt's Contract with America proposals to Republican majorities in Congress. They maintained their House majority for 12 years, after Republicans had only held a House majority for 2 of the previous 74 years.
Appearances can be deceptive. In this age of open disclosure and the Internet, one would think we have access to all knowledge, but we don't. We are still at the mercy of those in charge of providing any given piece of information. Unless we are satisfied with the lop-sided information being spoon-fed to us by those having an agenda, it is up to us to do our own digging for the truth.
From way up here in the nose-bleed section of the stadium, I have noticed something, and I’d be curious to know if I am the only one who has spotted this particular naked monarch strutting down the strand. Is it just me, or are OWSers only interested in taking money from what they would characterize as conservative rich people?
The OWS crowd is really ticked off about education and student debt. So am I. Why the heck do we have so many subsidies for education? It simply drives up the cost. Education is one gigantic bloated bureaucracy. However, the OWS answer is “free education and forgiveness of student loans.” Well, screw that.
In politics, character does and should count.
With the situation in Europe in check for the moment (emphasis on the for the moment), I’m starting to turn my focus toward some CPI and PPI numbers later this week. Not here in the States, but in China, where they’ve been tightening for a while now out of inflationary concerns. If those numbers come out tame—which is the expectation—that could be an indication that China is ready to start ramping up production and begin growing again. That’s good news for the entire world.
In January 2009, Julea Ward, who is a Christian, was a graduate student in the counseling program at Eastern Michigan University. She was nearing the end of the program and had accumulated a 3.91 GPA. Then she was expelled.
Thanks to a new law in California, the days of selling online without having to pay sales tax are numbered. Other states may follow suit.
Monday's 330-point rally in the Dow, to a closing at 11,433.18, is a great demonstration of how futile -- and even dangerous -- it is to base your investment strategy on one day's headlines, whether on the upside or on the downside.
Note that Obama projected the unemployment rate to be under 6% now according to projections of the the American Recovery and Reinvestment Act of 2009. The only reason the unemployment rate is not 11% (or higher) is because 4.5 million people dropped out of the labor force vs. expected demographic gains.
The day after Herman Cain's dazzling victory in the Florida straw poll, I commented that with Cain as a GOP rock star, liberals who have been so ready to smear President Obama's critics as racist would have to come up with a new shtick. What was I thinking?
O’Reilly began the segment by pointing out that opponents of same-sex marriage have always argued that if marriage was redefined to include same-sex unions, other groups would want the same treatment. This is the classic “slippery slope” argument, and despite arguments to the contrary by leading gay thinkers (such as philosophy professor John Corvino), the slide down this slope appears inevitable.
Michele Bachmann was the Christian “bigot” of July, and now it’s October. So evidently, we now need the media to be outraged about another Christian position that isn’t news and was perpetrated by the newest “bigot” – Dr. Robert Jeffress, pastor of First Baptist Church of Dallas.
I was in Las Vegas Friday night as the guest of the conservative Citizen Outreach organization. We got to talking about the importance which may be visited upon the Nevada caucuses this year which, on the GOP side of the ledger has never been that big a deal.
Do Republicans believe Marco Rubio? While much of the political world has been obsessing over decisions by Chris Christie and Sarah Palin not to run for president, the freshman senator from Florida has been making a series of increasingly Shermanesque vows to turn down any offer to join a Republican ticket as a vice presidential candidate.
Why wouldn’t Herman Cain be for real? Cain is really running for the presidency of the United States as a Republican. In a hypothetical match up against Obama, Cain really comes in a dead heat against Obama.
President Barack Obama obviously is scrambling in his attempt to win re-election. He has proclaimed himself the underdog and has given up his pretense of being a pragmatic centrist compromiser in favor of harsh class warfare rhetoric.
I wouldn’t think it would be worthwhile to draw attention to the Occupy Wall Street “movement,” or its list of demands that wouldn’t pass muster in an average kindergarten class. But if America’s president and vice president choose to talk about it, and give it credibility, then it’s news.
Conservatives seem to be falling for the same myth that progressive voters fell for in 2008--the Myth of the Perfect Candidate! We need a better candidate--Maybe Perry or Christie will be the ONE! But as soon as any candidate throws their hat in the ring, their poll numbers soar only to be brought back to earth as "problems and limitations" surface.
Obama seems to believe that his policies and efforts have been successful. Obama thinks we need to continue down the same path, that he "stood up for a different vision and did what was right." Sadly, it would seem that our President is not merely wrong, but delusional.
There have been many attempts – from every part of the political spectrum – to assign blame for the financial turmoil of late 2008. Judging from the recent New York protests and the reaction to the introduction of monthly fees for debit cards, there are still many people angry with bankers.
Sifting through the Administration-Solyndra emails it is clear that President Obama’s taxpayer investment in Solyndra was not random. Bureaucrats and political appointees spent significant time evaluating the company and debating the merits of the soon-to-be-wasted taxpayer guarantee. And that is exactly the problem!
Whether you are a Romney supporter or a not, I think you'll find hi8s foreign policy speech an uplifting, hopeful message that harkens back to eras when our leaders really did have a clear vision, a grasp of reality, and believed in the greatness of America and her people.
If you own a lot of gold, and I mean a LOT of it, you may want to consider 3rd party storage. Basically you’re paying a company in the gold and silver trade to store your gold for you. The advantages are that it’s safe and relatively inexpensive. Commercial gold companies have the kind of security you can’t afford at home, plus bonded insurance.
It is difficult to know for certain what talk is happening in closed circles behind the scenes, but if Germany is not discussing how to break away from the Eurozone (perhaps with Austria, the Netherlands, Finland, and a consortium of Northern Europe), they are making a huge mistake.
Looking for trades during a distraught market, I bought Ebay at $28.80 in mid-August and sold at $33.50 in mid-September. New government action has given me another cut at the same stock.
Mr. WELCH: I want to take this administration out. They don't understand how to create jobs. They don't understand to grow this--America is on fire. America is still the greatest country in the world. And we have everything going for us except a government that is not supportive of capitalism.
This week the media discovered that the smell emanating from lower Manhattan was not a broken sewer line with a hint of patchouli and marijuana but was, in fact, body odor from a left-wing protest...with a hint of patchouli and marijuana.
“…You don’t see CEO’s driving to work in a junky old Honda like I am. They’re driving Bentley’s. And I want MY BENTLEY! And I want it NOW!”
Herewith are the top 10 signs, in David Letterman fashion, that Eric Holder might have lied to congress and to America about Operation Fast and Furious.
Guevara would clear the occupation of Wall Street in a New York nano-second. His colleagues of the time recall Che cheering the Soviet tanks slaughtering Hungarian freedom-fighters on the streets of Budapest. The youths they machine-gunned and ground under their tank treads were all “Fascists and CIA agents!” he raved.
When crossing an ocean at the helm of a ship, navigational skills are of the utmost importance. When driving a car through the night or flying a plane through the sky, these skills are paramount as well. This is because progress is dependent upon not only understanding where one is, but where one has been, and where one is headed.
According to a 2009 study from Stanford University Energy Modeling Forum, “analysis…concludes that the advantages of increased jobs from renewable energy are vastly over-stated at costs prevailing today. It will require dramatic break-through in costs if renewable energy is to become a job generator.”
When Gutenberg passed away, I don’t think the people of the middle ages stood around and moaned “Who’s next?”. They kept innovating and perfecting. One idea led to another and the printing press gave way to the modern computer desktop publishing system and this blog.
Inquiring minds may be wondering how something announce later could have precipitated a rally sooner. The answer is leaks. Someone always knows in advance and that someone is never you or me but rather banks and hedge funds.
“Steve Jobs has passed away,” I heard a DJ remark. “That’s a shame.” Yes, it is a shame. I was saddened to hear that. I was equally shocked as I turned the dial and heard something even more deadly. It was a comment from actress/comedienne Roseanne Barr, literally calling for the death of certain wealthy Americans.
With Sarah Palin and Chris Christie announcing that they really, really, really will not be running for President in 2012, we can settle into focused consideration of the nine Republican candidates who are still in the game.
Despite increases in the typical activities that produce pollution, America is much cleaner now than it was twenty years ago. Since 1970, our population has increased and our energy consumption has gone up.However, the truth is that, despite this growth, our aggregate emissions are approximately half of what they were.
As Occupy Wall Street activists clogged New York's Zuccotti Park protesting "corporate greed" and Occupy SF hit San Francisco's Financial District on Wednesday protesting "corporate greed," the world learned that Steve Jobs, perhaps America's most beloved modern capitalist, had died at age 56.