About: Bob Adelmann
Posts by Bob Adelmann
China’s Paper Inflation Stimulus To End Badly
Problem loans at China’s banks are significantly worse than initially thought, according to Moody’s Investors Service’s news release on July 4th. This raises concerns...
Greek Austerity to Be Enforced German-Style
Eurogroup President Jean-Claude Juncker said in an interview over the weekend that the austerity measures being imposed on Greece in exchange for additional...
Minnesota State Govt Shutdown: Precursor for Washington?
After weeks of negotiations between Democrat Governor Mark Dayton (left) and the Republican-dominated legislature, no resolution to Minnesota's $5 billion budget shortfall...
Internet Sales Tax Collection Gaining Momentum
When California Governor Jerry Brown (left) signed into law that state?s latest attempt to collect Internet sales taxes from retailers outside the...
Is the Debt Ceiling Unconstitutional?
If the current debt ceiling negotiations fail in time to avoid the drop-dead default date of August 2, liberal law professor Garrett Epps has...
Lieberman’s Plan to Fix Medicare Just Kicks the Can Down the Road
Senator Joe Lieberman (I-Conn.) joined with Senator Tom Coburn (R-Okla.) on Tuesday in announcing their plan to reform Medicare before it goes “broke...
IMF Wants US Debt Ceiling Raised Immediately
The June 20th report of the International Monetary Fund (IMF) to the United States strongly recommended that the debt ceiling be raised because...
Austerity Measures: Greek Entitlement Mentality Faces Reality
The austerity measures being debated in the Greek parliament are being met with resistance not only by the opposition party but by those...
Debt-limit Negotiations: A Game of Chicken Over Chicken Feed
When House Majority Leader Eric Cantor (R-Va.) announced he was leaving the negotiations over raising the debt limit on Thursday, he made it clear...
The Fed’s Projections Are Too Rosy, Again
The economic projections released by the Federal Reserve on Wednesday estimated that in less than two years the unemployment rate would be down...
McKinsey Report: Unemployment to Stay High for Ten Years
Even under the “high-job-growth” scenario offered by the McKinsey Global Institute (MGI), it will take ten years for the U.S. economy to generate...
Greek Debt Default All but Certain
During his interview with Charlie Rose on Bloomberg TV Monday night, Alan Greenspan, former chairman of the Federal Reserve, commented that the chances...
Beginning of the End for Ethanol Subsidies
On Thursday the United States Senate voted to end the 45 cents-per-gallon subsidy currently supporting the ethanol industry. The bill, offered by liberal...
Lessons From Puerto Ricos Economy
While the media was focusing on Governor Scott Walker’s difficulties with unions in Wisconsin, John Stossel said they missed a much larger...
Pentagon: Cyberattack an Act of War
Following up on the publication of the “International Strategy for Cyberspace” by the Obama administration last month, the Pentagon clarified and expanded...