Bank of America Blames Stock Price Decline on Analyst
When Henry Blodgett explained that the reason for the decline in the price of Bank of America’s stock was because Wall Street thinks that Bank of America is worth less...
About: Bob Adelmann
Posts by Bob Adelmann
Technology Keeping Internet Freedom Ahead of Censorship
Efforts by the Federal Communication Commission (FCC) to regulate the Internet may become irrelevant if the new technology being developed succeeds as expected. When the U.S. Court of...
SuperCommittee Member Rep. Fred Upton Is Flexible
Rep. Fred Upton (R-Mich.) made his position on cutting entitlement spending as part of the SuperCommittee’s attempt to reduce the deficit perfectly clear, sort of: "It’s awfully...
Fed Chairman Bernanke to Address Jackson Hole Symposium
Wall Street professionals' expectations are modest over Federal Reserve Chairman Ben Bernanke’s highly anticipated remarks at the Jackson Hole symposium this Friday. Unlike last year when the chairman announced...
Some Unintended Consequences of Raising CAF Again
With the President’s announcement of higher mileage requirements — to 54.5 mpg on new cars and trucks sold in the United States by the year 2025 — came...
Private Contractors Feeding at the Public Trough
The latest ranking of contractors providing services to the federal government reveals that at least nine of the top 10 are tied to the Department of Defense and took...
Ending Ethanol Subsidies Won’t Reduce Food Costs After All
The recent attempt to terminate both the ethanol subsidies of $.45 a gallon and the $.54-per-gallon import tariff on Brazilian sugar-based ethanol by the Senate failed because it was...
Warren Buffett Wants to Raise Taxes on His Friends
Warren Buffett (left), better known as the Oracle of Omaha, earned $40 million last year and paid $7 million of it in taxes. But in his editorial in the...
Closing the Gold Window: Remembering the Nixon Lie 40 Years Ago
Against the backdrop of price inflation reaching six percent, the unemployment rate touching five percent, the increasingly large holdings by foreign governments of dollars (that at the time were...
Democrats Receive 89 Percent of Donations Made by Four Top Political Donors
The recently released study of “heavy hitters” by the Center for Responsible Politics showed the amount of money the top 140 political donors gave to Democrats and...
Even Left is Abandoning Obama as His Poll Numbers Continue to Decline
For the first time in his presidency, Barack Obama?s poll numbers in heavily Democratic New York have gone negative, with 49 percent disapproving of his job performance compared to...
From the Good News Dept.: North Dakota’s Economy Is Doing Just Fine, Thank You
Finally, some good news about the economy, from an unlikely place: North Dakota. CNNMoney reported that while the United States' economy grew at less than 3 percent last year,...
Everything’s Made in China? Not Quite.
An analysis just released by the Federal Reserve Bank of San Francisco concludes that most of what Americans spend on consumer goods, electronics, clothing, sneakers and the like, stays...
The Fed: QE3 Is All but Certain
The latest report from the Board of Governors of the Federal Reserve System confirms what every sentient being already knows: The economy is in the dumper, with little improvement...
Nine of 12 Super Committee Members Named: Tea Party Marginalized
Senate Majority Leader Harry Reid was the first to announce his three nominees to the "Super Committee" created by the recent debt ceiling increase, and all three fit...
Why Is Gold Over $1700 an Ounce?
With gold bouncing up from $1,668 an ounce on Friday, August 5 to $1,778 on Tuesday, August 9, it was the biggest three-day rally since the start of the...
Standard and Poors Extends, Defends and Explains Its Downgrade
In a series of expected additional press releases, the Standard & Poor’s credit rating agency is expanding its downgrade of debt securities tied to the now-lower-rated sovereign debt of...
Physician Sentenced to 20 Years for Medicare Fraud
The case brought by the Department of Justice against Dr. Rene de los Rios of Miami, Florida, succeeded not only in sending the physician to jail for 20 years...
S&P Downgrade: Does It Portend a Death Spiral?
Standard and Poor’s was blunt in its assessment of America’s deteriorating financial condition when it announced Friday night that it was cutting its credit rating on United States’ Treasury...
Corzine to Replace Geithner as Treasury Secretary?
Despite protestations from Jon Corzine (left), former New Jersey governor, that he has no interest in taking Treasury Secretary Timothy Geithner?s place if Geithner decides to step down, Corzine...