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...
About: Bob Adelmann
Posts by Bob Adelmann
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...
U.S. Manufacturing Is Making Headway
The numbers posted at Investors Business Daily over the weekend by John Merline were impressive: U.S. manufacturing profits last year exceeded $600 billion, almost tripling since the bottom of...
Big Banks Oppose Volcker Rule, Urge Delay in Implementing It
The deadline for comments on the proposed Volcker Rule was Monday night and hundreds, if not thousands, of letters arrived at the last minute to rail against the rule,...