With Five Weeks to Go, the Supercommittee Has Stalled
With five weeks to go to create an agreement that will cut at least $1.2 trillion from the federal budget over the next ten years, there are few indications...
About: Bob Adelmann
Posts by Bob Adelmann
Gallup: U.S. Unemployment Drops to 8.3% in October
With the announcement from Gallup that the unemployment rate had dropped precipitously in early October to 8.3 percent came the disclaimer that they could be wrong. Chief Economist Dennis...
Moody’s Warns of Possible French Debt Downgrade
Moody’s summary of its annual report on France’s finances appeared on Monday sufficiently couched in calm and reasoned tones that the markets took little notice: “The country’s Aaa rating with...
ReShoring: American Manufacturing Jobs Come Home
The press release from the Boston Consulting Group signaled the beginning of the American renaissance in manufacturing as cost advantages of China are fading rapidly and companies are beginning...
Recession Confirmed
On September 30, the Economic Cycle Research Institute announced that the U.S. economy officially entered a new recession. On the following Tuesday, October 4, the Standard and Poor’s 500...
The Republicans’ New Jobs Through Growth Act
Following the Senate’s rejection of President Obama’s jobs bill on Tuesday, Senate Republicans have offered their own jobs bill, The Jobs Through Growth Act, as an alternative. Presented by...
Harrisburg, Pennsylvania’s Incinerator: A Story of Unintended Consequences
The announcement on Wednesday that the City Council of Pennsylvania's capital city, Harrisburg, voted to file for bankruptcy was the latest in a long series of federal mandates, bad luck,...
Top Economists Tell How to Grow Jobs
Now that the Senate has officially and resoundingly defeated President Obama’s jobs bill (The American Jobs Act), the question remains: just how do real jobs grow? Matt Welch, writing in...
Why Doesn’t Greece Pull an Argentina and Default?
With the announcement that Greece was going to get another bailout in November and that France and Germany were close to a permanent solution to Greece’s financial problems, stock...
Romney’s Advisors Are Leftist Elites
Late last week GOP presidential contender Mitt Romney released the names of his foreign policy and national security advisors just in time for his Friday address on America's foreign policy....
New Study Shows How the Economy Is Really Doing
On Monday morning Sentier Research announced the results of its new study showing changes in household income since the year 2000 and how those incomes have fared both during...
Ellen Brown and Matthew Yglesias Both Want Free Money
Writing for the left-wing blog ThinkProgress, Matthew Yglesias noted his difficulty in coming up with a suitable slogan representing what the “Occupy Wall Street” demonstrators really wanted. ...
Sell the Unprofitable Post Office
Now that Congress has extended the due date for the Postal Service’s $5.5 billion pension plan payment to November 18th, various proposals to modernize and “rightsize” the service have...
Rep. Dennis Kucinich: Replace the Fed with a New Monetary Authority
Rep. Dennis Kucinich?s (left) recent offering of his ?National Emergency Employment Defense Act? (NEED Act) is designed to remove all money creation powers from the Fed to a newly...
$5 Debit Card Fee: Don’t Blame Banks — but Durbin, Dodd, Frank, the Fed
On Thursday, Bank of America announced that, starting the first of the year, they would be charging debit card users $5 a month for the privilege as a way...
ECRI Announces New Recession Has Started
Last Friday Laksman Achuthan (left), co-founder of Economic Cycle Research Institute (ECRI), announced that not only has the economy entered a new recession, but that “it’s going to get a...
Germany OKs EU Rescue Fund Increase, Setting Stage for TARP Euro-Style
Today the German parliament voted overwhelmingly, 523-85, to increase the size of the European Financial Stability Fund (EFSF) from $335 billion to $600 billion, and to allow it to...
The Presidents Flow of Red Ink and Economic Fallacies Continues
Last week the President introduced his deficit reduction plan by saying that it would start to pay down “the big pile of IOUs” the government has issued in order...
Is Economists’ Gloom Marking the Start of the Recovery?
With the announcement from the Commerce Department that the sale of new homes in August fell by 2.3 percent compared to July, the Los Angeles Times took on a...
Movie Review: Moneyball
Drop what you’re doing. I mean it. Stop whatever it is that you’re doing and go online to find out when the next showing is. Take a friend, go...