The Illinois Plan to Fix Its Budget Woes: Deny Reality
The best thing Illinois Governor Pat Quinn had to say in his State of the State address on February 1 was that the legislature needs to face its “rendezvous...
About: Bob Adelmann
Posts by Bob Adelmann
Allen Stanford’s Ponzi Scheme a Study on Regulatory Capture
Allen Stanford, former chairman of the Stanford Financial Group of Companies, was convicted on Tuesday on 13 counts of fraud, conspiracy, obstructing justice, violating U.S. securities laws — for...
Modest Temporary Free Speech Victory in Cigarette Pack Pictures Ruling
On Wednesday U.S. District Court Judge Richard Leon (left) ruled in favor of five tobacco companies protesting requirements by the Food and Drug Administration (FDA) to have them put on...
Ariz. “Cold Case Posse”: Probable Cause Obama’s Birth Certificate a Fraud
The “Cold Case Posse” of Maricopa County, Arizona, has concluded it has “probable cause” that the President’s birth certificate released by the White House last April is “a computer-generated”...
“Sovereign Citizen Movement” Continues to Attract Attention
Film star Wesley Snipes (One Night Stand, Blade) is scheduled for release from federal prison on July 19, 2013, 31 months after being incarcerated for failure to file his...
Appeals Court Refuses to Rule on Laptop Encryption Case
When Ramona Fricosu’s attorney, Phil DuBois, promised to appeal a lower court’s ruling that she be forced to open encrypted files that may have incriminating data in them and...
Bernanke Befuddled
In a moment of unexpected and unsettling candor, Federal Reserve chairman Ben Bernanke, in his testimony on Tuesday before the House Financial Services Committee, said that he really doesn’t...
China Hits Turning Point; Jobs Coming Back to the U.S.
As reported in The New American here, the difference in wages between Chinese and American workers is narrowing rapidly. Part of the reason is that China has passed the...
Group of 20 Balks, Stalls and Dithers
The Group of 20 meeting in Mexico City over the weekend decided that the best course of action was inaction, putting off making any decisions on how to “rescue”...
Indian Soldier Awarded for Fighting Off 30 Train Attackers in 2010
At 11:30 p.m. on September 2, 2010, Bishnu Shresta (left), a 35-year-old Gurkha soldier on his way home following his retirement from the Indian army, was awakened suddenly when...
Obama’s Tax Plan Neither Simplifies Nor Reduces
President Obama’s tax plan announced yesterday claims to simplify the tax code and make it fairer. This being an election year it is more likely his proposal is designed...
Guns Used in Self-defense
According to the authors of Cato’s recently released study on how often guns are used by citizens to prevent crime, “tens of thousands of crimes are prevented each year...
Fed’s “Independence” Threatened by Bernanke?
With the publishing of a “white paper” about the housing market, Fed Chairman Ben Bernanke has rankled some Republicans that suggestions made appear to have transgressed some line of...
Unemployment Up in February, Obama Reelection Chances Down
The U.S. unemployment rate jumped in February from 8.3 percent to 9.0 percent, according to Gallup. Gallup’s numbers are highly correlated to the same reports from the Bureau of...
The Greek Deal Saves the Banks
Following a 13-hour marathon session on Monday, eurozone ministers announced an agreement to loan Greece another $170 billion, which saves the banks while punishing private investors and damaging Greek...
Plans Revealed for Greek Default on March 23
Writer Bruno Waterfield’s claim that Germany has drawn up plans to deal with the inevitable Greek default was published in the British newspaper The Telegraph a little after 8...
Lehman Bros. Case: Geithner Ignores Subpoena to Testify
The creditors’ committee representing what’s left of Lehman Brothers asked bankruptcy Judge James Peck last week to force Timothy Geithner (left) — currently Obama’s Treasury Secretary but President of...
Obama Takes Credit for Economic Recovery
In his State of the Union address President Obama touted the "rebound" in the economy, taking credit for his administration’s policies in its recovery. He pointed to two years...
The Clock is Ticking on Obama’s Eligibility
Attorney Van Irion of the Liberty Legal Foundation (LLF) filed an appeal to a Georgia superior court to review and overturn the decision by Georgia’s Secretary of State Brian...
Eurozone Recession Accelerates; Moody’s Piles On
Economists polled by Reuters predicted that the recession in Europe that began late last year would continue into the new year and they weren’t disappointed. Reuters announced that economic output in...