Preliminary GDP Report a “Nasty October Surprise”
The preliminary report from the Bureau of Economic Analysis on Friday about the nation's economic activity during the last quarter was called "a nasty surprise" by an analyst at...
About: Bob Adelmann
Posts by Bob Adelmann
European Central Bank President Buys Government Bonds But Warns of Deflation
Mario Draghi, president of the European Central Bank, told the German Parliament on Wednesday that, yes, he would be buying government bonds but, no, that wouldn't trigger inflation. ...
The Fiscal Cliff, the Fiscal Gap, and the Lame Duck Congress
Private congressional conversations about how to keep the country from racing off the fiscal cliff in January are already taking place in Washington, but few are willing to give...
The Passing of George McGovern: A Liberal Who Got Mugged
George McGovern, known for his ultra-liberal stance on issues of his day, passed away on Sunday, October 21st, at Dougherty Hospice House in Sioux Falls, South Dakota, at age...
Government Welfare Payments Top $1 Trillion for the First Time
In response to a request from the Senate Budget Committee, the Congressional Research Service (CRS) reported that federal welfare spending reached three-quarters of a trillion dollars last year. When added to what...
Former U.S. Comptroller Says U.S. Faces Fiscal “Abyss”
Former U.S. Comptroller General of the United States David Walker just finished another tour across the country promoting “fiscal reform and responsibility,” according to Forrest Jones, writer for MoneyNews.com. And what...
Senator Coburn’s “Wastebook 2012” Names Biggest Waste: Congress
For each of the past three years, Senator Tom Coburn (R-Okla.) has published his annual Wastebook, and each year the press has had a field day digging into the 200-page...
Romney Widens Lead Over Obama in Electoral College: CU Professors
The updated forecast of the presidential election by two University of Colorado professors shows Governor Mitt Romney stretching his lead over President Obama in Electoral College votes. ...
Movie Review: Atlas Shrugged Part 2
Part 2 of the movie trilogy of Ayn Rand’s novel Atlas Shrugged is, by turns, eerie, chilling, disappointing, and affirming. With twice the budget of Part 1, Atlas Shrugged...
Another Obama Executive Order Allows Seizure of Americans’ Bank Accounts
President Obama's latest executive order that allows the "freezing" of all accounts belonging to "sanctioned persons" in the US is one in a series of orders going back to...
Another Large Co. May Shrink or Close Due to ObamaCare, Higher Taxes
After 42 years of building an immense real estate and time share company, with 7,000 employees and revenues of $1 billion, its owner is close to giving it all...
3-D Printing Technology Soon to Allow Printing Guns at Home
3-D printing technology is developing so fast that individuals will soon be able to download free software from the internet and print their own weapons at home. ...
Medicaid Fraud in the Billions
The response to the admission by Deputy Director for the Centers for Medicare and Medicaid Services, Penny Thompson, made in September before the House Oversight and Government Reform Committee and chaired by Rep....
Making Sense of Friday’s Jobs Report
The Bureau of Labor Statistics (BLS) issued its latest jobs report on October 5 and confounded nearly everyone. The first part of the report, based on their survey of households, showed...
Bond Fund Manager Says Only Gold Will Survive the Coming Disaster
In his October newsletter to clients of Pacific Investment Management Company (PIMCO), founder Bill Gross summarized the coming disaster that faces the country, and noted that “only gold and...