Economy
IRS Makes Americans International Pariahs
As the Internal Revenue Service continues its hunt for tax dodgers, Swiss banks are refusing to open accounts for Americans and closing the...
473,000 Jobs Lost in June
The ADP National Employment Report estimated that the national economy shed some 473,000 jobs in June, which may be enough to bring the...
Read moreWal-Mart Backs Employer Insurance Mandate
Wal-Mart on June 30 sent a letter to President Barack Obama stating its support for the federal government forcing all employers to provide...
Read more“Cap and trade” Tax Fight Expected in Senate
"Today's razor-thin vote in the House spells doom in the Senate," Sen. James Inhofe (R-Okla.) predicted to the Associated Press of the American...
Read moreFord Takes 5.9 Billion Government Loan
Ford Motor Company was supposed to be the only major U.S. automaker not in need of a bailout, but this week Ford accepted...
Read morePanel Rules Against Chinese Tire Imports
On June 18, the U.S. International Trade Commission ruled 4-2 that China was flooding the U.S. market with low-cost tires. The United Steelworkers...
Read moreProposed Financial & Insurance Regulations
On June 17, President Barack Obama proposed sweeping changes to federal regulation of financial markets. Bloomberg.com called it “the biggest overhaul of market...
Read moreChrysler-Fiat Bailout Cost: $870,000 Per Job Saved
Last week’s Chrysler-Fiat alliance cements a total federal commitment of $33.48 billion in federal loans and aid to the Chrysler Corporation, its suppliers,...
Read moreObama’s Energy Plan
Many factors have enabled the United States to become the wealthiest nation on Earth: limited government, secure property rights, a free-market capitalist economic...
Read moreGM’s Bankruptcy
Monday, June 1, was the end of an era for the American automotive industry. As nearly everyone not living in the jungles of...
Read moreChrysler Bankruptcy & Political “Fiat”
All you need to know about the dynamics behind the Chrysler-Fiat “Alliance” being pushed by the White House — and temporarily stayed by...
Read moreChrysler-Fiat Deal: U.S. Government as “God”
The June 6 Wall Street Journal has reported that the U.S. federal government pressured Chrysler into a post-bankruptcy deal with Italian carmaker Fiat,...
Read moreGood and Bad News on May Unemployment
The oft-repeated line that “I have good news, and I have bad news” applies to the U.S. Labor Department’s latest figures on unemployment...
Read moreDetails of GM Bankruptcy Emerge
More information about GM’s Chapter 11 bankruptcy is beginning to emerge. The Kansas City Star reported on June 2 that this is “the...
Read moreGM 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...
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