Driving Us to Destruction
Item: Writing in the online Newsweek for June 2, Daniel Gross observed: “It’s been a long time since American devotees of Marx …...
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...
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Wal-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...
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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...
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“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...
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Ford 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...
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Panel 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...
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Proposed 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...
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Chrysler-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,...
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Obama’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...
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GM’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...
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Chrysler 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...
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Chrysler-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,...
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Good 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...
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Details 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...
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