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...
Economy
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 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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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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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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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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Stimulus Results: Unemployment Soars
“The U.S. may suffer further job losses in the coming months” began the April 3 Bloomberg.com story on federal government reports that the...
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Obama Administration Ousts GM CEO Wagoner
In a move heralding the Obama administration’s most aggressive intervention in the business sector to date, the federal government has forced GM CEO...
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Bill Would Give Feds Control Over Family Farms
On February 4, Rep. Rosa DeLauro (D-Conn.) introduced the Food Safety Modernization Act of 2009 (H.R. 875) in the House. Its stated objective...
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Japan & China: Following Obama’s Lead on Spending?
Chinese Premier Wen Jiabao’s remark that he was “worried” about the $1 trillion in U.S. debt he was holding caused such a chill...
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Down Goes the Dow
Down, down, down goes the Dow (and all the other stock indexes), and how much further the markets are likely to fall before...
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