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...
Economy
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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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...
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UAW, Feds Gain Control of Chrysler
In order to meet government out-of-court restructuring demands and to be eligible for more government financing, Chrysler agreed last week to a deal...
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Chrysler Bankruptcy Another Taxpayer Bailout
The handwriting has been on the wall for Chrysler for many, many years, but it appears that the storied 84-year-old automotive corporation, almost...
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Specter of Bank Nationalization Looms
The Obama administration is still thinking bank nationalization. In the latest twist to the saga of troubled American megabanks, the New York Times...
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The New GM: Government Made
There's something fundamentally wrong with the world when a country known for being the very embodiment of Old World socialism — Sweden —...
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The Treasury Department’s Titanic Takeover
It's official: the Obama administration intends to nationalize the entire financial sector. If there were any lingering doubts as to the intentions of...
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Is U.S. Chamber of Commerce Anti-Business?
“Is Barack Obama More Pro-Business Than Ron Paul?” led the headline on the popular blog at LewRockwell.com. “Yes,” Rockwell sarcastically answered his own...
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SEC to Target Short Sellers
The Securities and Exchange Commission (SEC) made public on April 8 several alternative plans under consideration for regulating the activities of short sellers....
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More H-1B Visas, More U.S. Tech Layoffs
The U.S. Citizenship and Immigration Services (USCIS) announced on April 8 it has received enough H-1B applications to meet the congressionally mandated cap...
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Newest Bailout: Auto-parts Suppliers
The Obama administration is now in the business of subsidizing the auto parts industry. In yet another slug of taxpayer money intended to...
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