CIT Patches Together Private Bailout After TARP Bailout
Capital lending firm-turned-bank holding company CIT has patched together another $3 billion private loan to avoid bankruptcy and try to complete the transition...
Economy
Bernanke Promises “Exit Strategy” From Inflation
Federal Reserve Chairman Ben Bernanke is on a public relations offensive to persuade Americans...
Obama Weighing Homeowner Bailout Proposal
“U.S. officials are weighing a plan to let borrowers who have fallen behind on...
Bailing Out Minority Broadcasters
If you understand the relative superiority of the free market, none of our government's...
Obama’s Car Czar Linked to Bribery Scandal
President Obama’s Auto Task Force Chairman Steven Rattner resigned suddenly earlier this week after...
BusinessWeek Could Sell for $1
With plunging advertising revenue across the industry, McGraw-Hill is reportedly putting BusinessWeek up for...
The New GM: Image vs. Reality
After a mere 40 days under bankruptcy protection, a “new GM” has emerged amid...
The New Public-Private (Mostly Public) GM
Weeks before it was supposed to happen, a bankruptcy judge has approved the restructuring...
Driving Us to Destruction
Item: Writing in the online Newsweek for June 2, Daniel Gross observed: “It’s been...
IRS Makes Americans International Pariahs
As the Internal Revenue Service continues its hunt for tax dodgers, Swiss banks are...
473,000 Jobs Lost in June
The ADP National Employment Report estimated that the national economy shed some 473,000 jobs...
Wal-Mart Backs Employer Insurance Mandate
Wal-Mart on June 30 sent a letter to President Barack Obama stating its support...
“Cap and trade” Tax Fight Expected in Senate
"Today's razor-thin vote in the House spells doom in the Senate," Sen. James Inhofe...
Ford Takes 5.9 Billion Government Loan
Ford Motor Company was supposed to be the only major U.S. automaker not in...
Panel Rules Against Chinese Tire Imports
On June 18, the U.S. International Trade Commission ruled 4-2 that China was flooding...
Proposed Financial & Insurance Regulations
On June 17, President Barack Obama proposed sweeping changes to federal regulation of financial...
Chrysler-Fiat Bailout Cost: $870,000 Per Job Saved
Last week’s Chrysler-Fiat alliance cements a total federal commitment of $33.48 billion in federal...
Obama’s Energy Plan
Many factors have enabled the United States to become the wealthiest nation on Earth:...
Chrysler Bankruptcy & Political “Fiat”
All you need to know about the dynamics behind the Chrysler-Fiat “Alliance” being pushed...