About: Bob Adelmann
Posts by Bob Adelmann
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,...
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...
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...
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...
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...
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...
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...
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...
U.S. Credit Rating Still at Risk
Moody’s announcement on Tuesday that it would retain its AAA rating of U.S. government sovereign debt as a result of the debt-limit agreement...
Debt-limit Deals Trojan Horse: The Special Committee of 12
The debt ceiling is to rise initially by $900 billion under the Revised Budget Control Act of 2011. And then, the debt limit...
Tea Party Defectors Targeted
The Tea Party is upset with at least four House members who rode to victory in November of 2008 on promises of cutting...
Debt Ceiling Crisis: Putting Things Into Perspective
The compromise bill that emerged Sunday night from behind closed doors is being loudly trumpeted in an attempt to persuade recalcitrant conservatives in...
County in Alabama is Bankrupt, Just Like the U.S.
At the very last minute, county commissioners in Jefferson County, home to the metropolis of Birmingham, Alabama, decided to postpone a final decision...
Boehner Delays Debt-Limit Vote, Lacking Support
House Speaker John Boehner’s last-minute “pep talk” to his Republican caucus early Thursday morning failed to turn the tide of Tea...
Obama Battles Increasing Odds for Reelection
The latest poll by the Washington Post-ABC News, published last week, provided one more indication of President Obama’s increasing difficulties in generating support...