Sectors

Stimulus Funding Failed to Create Jobs

The Associated Press has conducted an economic analysis to determine the effect of the first 10 months of federal stimulus spending to build...

Bruce Walker January 11, 2010

GMAC Will Get More Bailout Money

Charles Scaliger December 30, 2009

GMAC Financial Services, the former financial arm of General Motors, is set to receive yet more federal bailout funds as the year draws...

Fannie Mae and Freddie Mac Now Have a Blank Check

Charles Scaliger December 29, 2009

Little noticed (so far) by the American public, a Christmas Eve announcement by the Obama administration to expand the amount of bailout monies...

Airlines Face Hefty Fine for Delays

Steven J. DuBord December 23, 2009

Transportation Secretary Ray LaHood announced on December 21 that beginning this spring the federal government is going to impose hefty fines on airlines...

Ford Offers to Buy Out U.S. Auto Workers

Steven J. DuBord December 22, 2009

Ford Motor Company disclosed on December 21 that it is offering to buy out 41,000 United Auto Workers (UAW) union members with early...

Fed to Keep Rates Low for “Extended Period”

Steven J. DuBord December 17, 2009

The Federal Reserve decided on December 16 to keep interest rates at historic lows near zero percent. The Fed released a statement declaring...

Jobless Claims Rise, Trade Gap Narrows

Steven J. DuBord December 12, 2009

New claims for unemployment benefits rose more than analysts expected last week, while an unexpected narrowing in the trade gap in October provided...

Buck Knives Bucks Trends

William F. Jasper December 11, 2009

“The Buck knife saved my leg and maybe my life at least once when I carelessly caught a pant leg in the anchor...

Ron Paul Calls for Competition in Money

December 11, 2009

Many years ago, John D. Rockefeller, Sr. famously stated, “Competition is a sin.” He preferred a monopoly, the very antithesis of economic freedom,...

Bernanke Claims Economy Is Recovering

Bob Adelmann December 10, 2009

Federal Reserve Chairman Ben Bernanke told the Economic Club of Washington that the economy is recovering, even as it confronts “formidable headwinds.” ...

Ron Paul’s Audit the Fed Bill Advances

November 20, 2009

On November 19, the House Financial Services Committee advanced a bill that calls for the General Accounting Office to conduct a comprehensive audit...

Millions of Taxpayers Will Repay Tax Break

Steven J. DuBord November 17, 2009

Thanks to how the Internal Revenue Service implemented President Barack Obama’s tax break last spring, more than 15 million taxpayers may owe the...

Why Stimulus Funds Create Few Jobs

Bruce Walker November 17, 2009

The Obama administration has recently reduced by 60,000 the number of jobs created or preserved by stimulus funds. The acknowledged overstatement of jobs...