Top News Stories Today

Here is a quick review of the top stories today:

Drudge Report:

WI POLLS: 

SANDERS: +2.6 

CRUZ: +4.7 

TONIGHT: RESULTS

Any day where the lead news story takes place in Wisconsin is likely to be a slow news day...

CNN:

Wisconsin primary: 5 things to watch

Now for the 5 things to watch in Wisconsin: snow melting, cheese molding, brats cooking, beer getting warm, and politicians. Fortunately, there will only be 4 things to watch tomorrow...

Fox News:

Sanders momentum pushes Obama to sidelines

So the excuse for the lack of involvement of Obama in the Hillary Clinton campaign is the surge of Bernie Sanders? It couldn't have anything to do with Obama's love of socialism? Or the Clintons tossing the Obama presidency under the bus?

Bloomberg:

Panama Has Company as Bank-Secrecy Holdout, as U.S. Offers Haven

Long story short: Countries all over the world agreed that their banks will share information to catch tax dodgers. Two exceptions are the U.S. and Panama, and one of Panama's law firms got their records revealed, showing how they set up shell companies to hide money.

Fortunately, I have a simple solution to the problem: Tax what people spend, not what they earn or own.

Yahoo Finance:

Makers took big price increases on widely used U.S. drugs

How can I possibly explain large price increases by U.S. drug manufacturers over the past 5 years? Basic economics tells us that to get large price increases, we either need a drop in supply, which nothing in the article indicates, or an increase in demand. Where would we get a lot of people buying drugs? I know! The Affordable Care Act, aka Obamacare, which brought millions of Americans into the health insurance market, otherwise known as "somebody else pays for my healthcare". That "somebody else" is also paying for their drugs, of which they can consume as much as they want!

This is best explained in the economic theory known as "the tragedy of the commons". I highly recommend it.