Options After the Supercommittee Failure
Barring a miracle, the Supercommittee will announce Monday morning its failure at coming up with legislation to reduce the projected combined federal budget deficits over 10 years by $1.2...
About: Bob Adelmann
Posts by Bob Adelmann
NYTimes Piece Distracts from the Real European Story
Thursday’s article in The New York Times by writers Jack Ewing and Nicholas Kulish about the “rift” between factions over the role of the European Central Bank (ECB) was...
Germany’s Merkel Yields More Sovereignty to the EU
At a joint briefing on Wednesday with Irish Prime Minister Enda Kenny, German Chancellor Angela Merkel (left) announced the next step towards the creation of the supra-national European state: “Germany...
November 15 Was America Recycles Day
To celebrate America Recycles Day, the Tellus Institute published a study showing the benefits of increased recycling, by force if necessary. The Tellus Institute’s mission is “to advance the transition...
Stop Online Piracy Act (SOPA) Overkill
The first hearing on Rep. Lamar Smith’s (R-Texas) bill HR 3261, known as the “Stop Online Piracy Act” (SOPA), was held Wednesday in Washington by the House Judiciary Committee, which...
Obama’s Reelection Chances Tied to the Economy
Writing in Business Week, Hans Nichols announced that with the improvement in the economy President Obama’s chances for reelection in 2012 are improving as well. ...
Harvard Students’ Walkout Shows Their Ignorance
When 70 students attending economics professor Greg Mankiw’s (left) Economics 10 class on November 2nd walked out in protest, they wrote an open letter to him explaining why: "Today,...
Gaming the System in Clean Energy Development
The increase in federal subsidies for clean energy development from $17 billion in 2007 to $37 billion in 2010 has resulted in a “gold-rush mentality” among developers, according to...
Solyndra Just the Tip of the Iceberg
In late October White House Chief of Staff William Daley (left) ordered a complete review of all loan guarantees the Department of Energy has made to various energy projects. The...
U.S. Debt Downgrade by Chinese Rating Agency Is “Inevitable”
A year ago Dagong Global Credit Rating reduced its rating on the sovereign debt of the United States from AA to A+. In August it dropped it another notch...
Keynesians Diss Republican Candidates
CNN’s article by Charles Riley quoted several of the Republican candidates for President out of context and then asked several unknown Keynesian economists — Keynesians believe in growing and...
The Best Way Back to a Gold Standard
In his Forbes magazine article published Thursday, Nathan Lewis makes it sound easy to get back to a gold standard. After all, it has been accomplished numerous times in...
Niall Ferguson Ignores God-given Rights
Niall Ferguson (left), professor at Harvard and the London School of Economics, summarized his latest book, Civilization: The West and the Rest for Newsweek magazine’s The Daily Beast by stating...
Worldwide Recession?
Christine Lagarde, managing director for the International Monetary Fund (IMF), warned that the world faces the risk of a “lost decade” and that “there are dark clouds gathering in...
Jefferson County’s Inevitable Bankruptcy
After three years of trying to solve their self-imposed debt crisis, the Jefferson County, Alabama, commissioners threw in the towel on Wednesday and declared bankruptcy. The bankruptcy, involving over...
A Hard Look at Italy
With yields on Italy’s 10-year government debt rising sharply higher and beyond the seven-percent ceiling deemed unsustainable, Italy is running out of options in finding buyers for its debt....
The Eurozone Continues to Unravel
With Greece’s Prime Minister George Papandreou agreeing to step down in order to secure more bailout funds from the ECB, attention turned immediately to Italy’s financial problems that dwarf...
Obama Is Counting on Myths, Errors, and Ignorance for His Reelection
Nate Silver’s article in the New York Times on President Obama’s reelection chances looked carefully at three major influences that could determine the outcome in November of 2012 and concluded...
Deflation: Good and Bad
Economist Gary Shilling’s claim that the U.S. economy is on the edge of deflation defies the Bureau of Labor Statistics’ recent announcement that inflation is high and increasing. ...
Fed Chairman Bernanke Is on the Defensive
Fed Chairman Ben Bernanke’s news conference on November 2 included the admission that the Fed is depending on hope and patience to see if its continuing strategies of Operation...