Preliminary GDP Report a “Nasty October Surprise”
The preliminary report from the Bureau of Economic Analysis on Friday about the nation's economic activity during the last quarter was called "a...
Economy
Electric Car Battery Maker Goes Bankrupt Despite $500M in Subsidies
Another day, another subsidized “green energy” firm going bankrupt. This time it’s A123 Systems Inc., a Massachusetts-based manufacturer of batteries for electric cars...
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Making Sense of Friday’s Jobs Report
The Bureau of Labor Statistics (BLS) issued its latest jobs report on October 5 and confounded nearly everyone. The first part of the report, based...
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Portugal Plans to Cure Sick Economy With Big Tax Hikes
Portugal has announced big tax increases to solve its current sovereign debt crisis. Independent private analyst firms such as Fitch Rating, Standard & Poor’s, and...
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Bond Fund Manager Says Only Gold Will Survive the Coming Disaster
In his October newsletter to clients of Pacific Investment Management Company (PIMCO), founder Bill Gross summarized the coming disaster that faces the country,...
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Fed Chairman Admits His Economic Model Is Japanese Economic Stagnation
Federal Reserve Chairman Ben Bernanke said in an October 1 speech that his U.S. central bank would copy Japanese economic policy to get...
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Hillary Clinton Advocates Less Govt. Regulation in Libya, Egypt
In a speech to Arab leaders at the Waldorf Astoria Hotel in New York on Friday, September 28, Secretary of State Hillary Clinton...
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Jury Clears Minnesota Farmer of Raw Milk Charges
In what his attorney called “a huge victory for food freedom,” a Minnesota farmer was acquitted by a jury of the “crime” of...
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Bernanke Touts Quantitative Easing in Jackson Hole Speech
Federal Reserve Chairman Ben Bernanke signaled that the Fed would return to another round of “quantitative easing” (QE) in his August 31 annual address from...
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New Fuel Economy Standards Imposed: Separating Hype From Reality
The hyperbole surrounding the White House's announcement yesterday of much higher fuel economy mandates is in sharp contrast to what consumers really want....
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The World is Waiting for Fed Chairman Bernanke at Jackson Hole
Federal Reserve Chairman Ben Bernanke is expected to give his annual Jackson Hole speech on August 31 while the world waits in anticipation. They...
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FCC Ponders Taxing Internet Providers
The FCC is considering imposing a tax on Internet providers, according to a story reported in The Hill. The Internet has become a means...
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With Moody’s New Rules, Public Pension Plans Even More Woefully Underfunded
Moody’s, one of the big three credit rating agencies, has announced new rules to be effective on September 1 that bring an additional...
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Top Investor Warns of “Financial Armageddon” as Soros Dumps Bank Stocks, Buys Gold
In what analysts say is another indication that the economy will get worse in the not-too-distant future, recent filings by billionaire financier George...
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Food Freedom Fighters Organize Lemonade Freedom Day
Selling lemonade, raw milk, or any other comestible is not a crime. That is the message of the second annual Lemonade Freedom Day....
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