Economy

And the Next Bailout Goes to … Government Employees

On August 10 President Barack Obama signed into law a $26 billion spending bill that, proponents claim, will save the jobs of 300,000...

Michael Tennant August 14, 2010

Fed Confirms Recovery Stalled

Bob Adelmann August 11, 2010

When the Federal Open Market Committee announced yesterday that “the pace of economic recovery is likely to be more modest in the near...

After Losses, Freddie Mac Wants Another $1.8 Billion

Dennis Behreandt August 9, 2010

On the heels of dismal second quarter results, mortgage finance giant Freddie Mac is asking for more taxpayer money to continue operations. ...

Temporary Unemployment Benefits — Permanent Welfare?

Bob Adelmann July 23, 2010

The White House on July 21 extolled the extension of unemployment insurance by the Senate, claiming it was “not only the decent thing...

Maine Eyes Social Security for Pension Bailout

Bob Adelmann July 22, 2010

Instead of asking for a federal bailout, Maine is considering shifting part of its underfunded pension plan liabilities to Social Security. Without the...

Financial Reform Bill: Bureaucratic Absolutism

Charles Scaliger July 16, 2010

Czarist Russia is looking better and better. Once a byword for bureaucratic absolutism, the apparatchiks of pre-revolutionary St. Petersburg and their endless rule-making...

The Government and Goldman Sachs

July 14, 2010

On Thursday, October 24, 1907, Wall Street was in turmoil. Crowds of spectators gathered to watch panicked bankers and their lackeys rushing about,...

Facing Fiscal Meltdown, Municipalities Struggle With Pensions

Dennis Behreandt July 13, 2010

Years of big spending by politicians at all levels have left the nation vulnerable to economic turmoil. While at the federal level this...

From China, With Love

Bob Adelmann July 8, 2010

Addison Wiggin asked his readers to imagine an older happily married couple, having their usual morning breakfast together: They work well together, though...