GM Files Chapter 11 Bankruptcy
After years of suspense, the bankruptcy that surprises nobody is finally official. One of America’s largest and proudest corporations, GM, has filed for...
Economy
UAW, Feds Gain Control of Chrysler
In order to meet government out-of-court restructuring demands and to be eligible for more...
Chrysler Bankruptcy Another Taxpayer Bailout
The handwriting has been on the wall for Chrysler for many, many years, but...
Specter of Bank Nationalization Looms
The Obama administration is still thinking bank nationalization. In the latest twist to the...
The Treasury Department’s Titanic Takeover
It's official: the Obama administration intends to nationalize the entire financial sector. If there...
The New GM: Government Made
There's something fundamentally wrong with the world when a country known for being the...
Is U.S. Chamber of Commerce Anti-Business?
“Is Barack Obama More Pro-Business Than Ron Paul?” led the headline on the popular...
SEC to Target Short Sellers
The Securities and Exchange Commission (SEC) made public on April 8 several alternative plans...
More H-1B Visas, More U.S. Tech Layoffs
The U.S. Citizenship and Immigration Services (USCIS) announced on April 8 it has received...
Newest Bailout: Auto-parts Suppliers
The Obama administration is now in the business of subsidizing the auto parts industry....
Stimulus Results: Unemployment Soars
“The U.S. may suffer further job losses in the coming months” began the April...
Obama Administration Ousts GM CEO Wagoner
In a move heralding the Obama administration’s most aggressive intervention in the business sector...
Bill Would Give Feds Control Over Family Farms
On February 4, Rep. Rosa DeLauro (D-Conn.) introduced the Food Safety Modernization Act of...
Japan & China: Following Obama’s Lead on Spending?
Chinese Premier Wen Jiabao’s remark that he was “worried” about the $1 trillion in...
AIG’s Latest (Fourth) Federal Bailout
For the fourth time in six months, the federal government is giving billions of...
$750 Billion Bank Bailout in Obama Budget
Figuring prominently in President Barack Obama’s newly released budget proposal for fiscal 2010 is...
Creeping Nationalization
Though the Obama administration continues to deny it, the U.S. government continues to move...
Automakers Seek Another $21.6 Billion
General Motors and Chrysler submitted “financial viability” plans to the U.S. Treasury on February...
Obama’s Homeowner Lifeline Not a Lifeline
“President Barack Obama threw a $75 billion lifeline to millions of Americans on the...