Economy - The New American

The Free Market is Brutal: Kodak Loses; Consumers Win

After 131 years, it appears that Eastman Kodak will be declaring Chapter 11 bankruptcy before the end of the month, according to the...

Bob Adelmann January 7, 2012

Ethanol Subsidies Disappear, Mandates Remain

Bob Adelmann January 5, 2012

The Washington Post’s editorial celebrating the ending of ethanol subsidies iterated the same free-market positions taken by Rep. Ron Paul (R-Texas) and other...

New York Times Continues Free Fall

Bob Adelmann December 29, 2011

With the latest announcement of its sale of 16 newspapers, the New York Times continues to sell off assets to stay alive. The sale...

Senate Raises Bipartisan Objections to New Farm Labor Regulations

Bruce Walker December 23, 2011

Obama’s Labor Secretary, Hilda Solis, has created new regulations for farming safety that would bar children under 16 from much of the work...

Each Chevy Volt Costs Taxpayers $250,000

Bob Adelmann December 22, 2011

The Mackinac Center for Public Policy just released a study showing that by the time all federal and state loans, grants, subsidies, and...

San Francisco, First U.S. City to Exceed $10 Minimum Wage

Brian Koenig December 13, 2011

As January ushers in a new year, San Francisco will become the first U.S. city to instate a minimum wage rate of more...

Americans $2.4 Trillion Poorer After Q3 — It May Get Worse

Alex Newman December 11, 2011

Americans are quickly getting poorer as the much-touted economic “recovery” remains elusive. Household wealth plummeted by more than four percent from July to...

Two-tier Wage Pacts Bringing Jobs Back to Detroit

Bob Adelmann December 6, 2011

Last week’s announcement that the auto industry could add as many as 167,000 jobs by 2015 merely confirmed what some economists were saying:...

Coercing Cash for Commercials from Commodity Cultivators

Michael Tennant December 6, 2011

If you’ve seen “Little Blue Dynamos” ads urging you to consume blueberries, you probably assumed they were simply the result of blueberry producers...

Fed, National Banks Decide on More Global Inflation

Thomas R. Eddlem December 1, 2011

The Federal Reserve Bank and five other central banks across the world cut the "temporary U.S. dollar liquidity swap arrangements" rate for central...

U.S. Fed Bailout of Euro Prompts New Push for Audit & Sound Money

Alex Newman December 1, 2011

As central banks around the world unleashed a coordinated deluge of new money to deal with the economic crisis swamping Europe, critics expressed...

McDonald’s Finds McEasy Way to Evade San Francisco Happy Meal Ban

Michael Tennant December 1, 2011

Here’s a story that’ll tickle your McRibs. On December 1 a law seemingly banning McDonald’s Happy Meals went into effect in San Francisco....

Black Friday Sales: $52.4B; Shoppers Reject Occupiers’ Demand

R. Cort Kirkwood November 30, 2011

Despite the best efforts of the Occupy Wall Street protesters to sabotage Black Friday Christmas shopping, the National Retail Federation reported that shoppers...