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...
Economy
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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AIG’s Latest (Fourth) Federal Bailout
For the fourth time in six months, the federal government is giving billions of taxpayer dollars to AIG, following the latter’s announcement of...
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$750 Billion Bank Bailout in Obama Budget
Figuring prominently in President Barack Obama’s newly released budget proposal for fiscal 2010 is another massive bank bailout. The Bush administration’s gargantuan $700...
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Creeping Nationalization
Though the Obama administration continues to deny it, the U.S. government continues to move closer to nationalizing the nation’s largest banks. The last...
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Obama’s Homeowner Lifeline Not a Lifeline
“President Barack Obama threw a $75 billion lifeline to millions of Americans on the brink of foreclosure,” the Associated Press reported after the...
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Automakers Seek Another $21.6 Billion
General Motors and Chrysler submitted “financial viability” plans to the U.S. Treasury on February 17 that included combined requests for another $18.6 billion...
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Obama: Buying a Second Term?
On Tuesday, February 18, President Barack Obama achieved one of his first major goals in office by making his $787 billion stimulus plan...
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