Cash-for-clunkers Sputters to a Close
Like one of the old jalopies it is supposed to remove from the road, the $3-billion cash-for-clunkers program sputtered to a close on...
Economy
Stimulus Grants for Batteries and Green Cars
Last week, the Obama administration revealed the 48 recipients of $2.4 billion in federal grant money supposedly designed to stimulate domestic production of...
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More Unemployed, Yet Unemployment Rate Drops
Unemployment numbers ticked upward during July at a much slower pace than past months, leading many establishment forecasters to conclude that an economic...
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Economy Shrinks Q2, Recession Worse Than Thought
Though data shows that the U.S. economy only shrank at a one-percent annual rate during the second quarter of the 2009 calendar year,...
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First-time Unemployment Claims Up
First-time unemployment claims continue to increase at a faster pace than expected. “The Labor Department said the number of claims in the week...
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Another Minimum Wage Hike: But Will It Help?
In another example of turning lemonade into lemons in economically troubled times, the federal minimum wage increased yesterday from $6.55 an hour to...
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CIT Patches Together Private Bailout After TARP Bailout
Capital lending firm-turned-bank holding company CIT has patched together another $3 billion private loan to avoid bankruptcy and try to complete the transition...
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Bernanke Promises “Exit Strategy” From Inflation
Federal Reserve Chairman Ben Bernanke is on a public relations offensive to persuade Americans that he has the economy well in hand, and...
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Media Raising Concerns Over Goldman Sachs’ Gov’t Influence
Even the mass media is starting to take notice of the longtime cozy relationship that both the U.S. Treasury Department and the Federal...
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Obama Weighing Homeowner Bailout Proposal
“U.S. officials are weighing a plan to let borrowers who have fallen behind on mortgage payments avoid eviction by renting their home instead,”...
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Bailing Out Minority Broadcasters
If you understand the relative superiority of the free market, none of our government's recent business bailouts will find favor with you. Yet,...
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BusinessWeek Could Sell for $1
With plunging advertising revenue across the industry, McGraw-Hill is reportedly putting BusinessWeek up for sale. The company said only that it is exploring...
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Obama’s Car Czar Linked to Bribery Scandal
President Obama’s Auto Task Force Chairman Steven Rattner resigned suddenly earlier this week after reports that the New York Attorney General’s office was...
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The New GM: Image vs. Reality
After a mere 40 days under bankruptcy protection, a “new GM” has emerged amid promises from CEO Fritz Henderson to operate more profitably...
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The New Public-Private (Mostly Public) GM
Weeks before it was supposed to happen, a bankruptcy judge has approved the restructuring of large portions of once-mighty GM and the liquidation...
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