Some Reasons Behind Income Inequality
In an effort to examine the Occupy Wall Street crowd’s complaint about income inequality, economist Mark Perry has concluded that people with higher incomes work harder and longer than...
About: Bob Adelmann
Posts by Bob Adelmann
What Is the Real Unemployment Rate?
A closer look at the Department of Labor’s employment report earlier this month reveals that the real unemployment number is different from the “headline” number. Restated, the Bureau of Labor...
FDIC Closes Four More Banks, Making 84 This Year
On Friday the Federal Deposit Insurance Corporation (FDIC) closed and sold off four more banks, bringing the total shuttered this year to 84. The FDIC’s Deposit Insurance Fund paid...
The New Recession: How Bad Will It Get?
The prediction by the Economic Cycle Research Institute (ECRI) that the United States is headed into another recession was greeted by a rise in the stock market from 1,074...
U.S. Solar Panel Makers Accuse China of Dumping
At a news conference in Washington yesterday, a group of U.S. solar panel makers accused China of dumping Chinese-made solar panels on the U.S. market and asked the government...
With Five Weeks to Go, the Supercommittee Has Stalled
With five weeks to go to create an agreement that will cut at least $1.2 trillion from the federal budget over the next ten years, there are few indications...
Gallup: U.S. Unemployment Drops to 8.3% in October
With the announcement from Gallup that the unemployment rate had dropped precipitously in early October to 8.3 percent came the disclaimer that they could be wrong. Chief Economist Dennis...
Moody’s Warns of Possible French Debt Downgrade
Moody’s summary of its annual report on France’s finances appeared on Monday sufficiently couched in calm and reasoned tones that the markets took little notice: “The country’s Aaa rating with...
ReShoring: American Manufacturing Jobs Come Home
The press release from the Boston Consulting Group signaled the beginning of the American renaissance in manufacturing as cost advantages of China are fading rapidly and companies are beginning...
Recession Confirmed
On September 30, the Economic Cycle Research Institute announced that the U.S. economy officially entered a new recession. On the following Tuesday, October 4, the Standard and Poor’s 500...
The Republicans’ New Jobs Through Growth Act
Following the Senate’s rejection of President Obama’s jobs bill on Tuesday, Senate Republicans have offered their own jobs bill, The Jobs Through Growth Act, as an alternative. Presented by...
Harrisburg, Pennsylvania’s Incinerator: A Story of Unintended Consequences
The announcement on Wednesday that the City Council of Pennsylvania's capital city, Harrisburg, voted to file for bankruptcy was the latest in a long series of federal mandates, bad luck,...
Top Economists Tell How to Grow Jobs
Now that the Senate has officially and resoundingly defeated President Obama’s jobs bill (The American Jobs Act), the question remains: just how do real jobs grow? Matt Welch, writing in...
Why Doesn’t Greece Pull an Argentina and Default?
With the announcement that Greece was going to get another bailout in November and that France and Germany were close to a permanent solution to Greece’s financial problems, stock...
Romney’s Advisors Are Leftist Elites
Late last week GOP presidential contender Mitt Romney released the names of his foreign policy and national security advisors just in time for his Friday address on America's foreign policy....