2012 – Magical Economic Recovery
2012 will represent the fastest economic recovery in the history of the nation.
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America’s debt problem can’t be solved by simply raising taxes
As America’s federal debt grows so large, so quick – the U.S. might soon face a huge financial disaster.
Obama’s Mortgage Plan – Bribery and Extortion
Obama resorts to bribery and extortion for mortgage refinancing.
No More “Globalism”
“Globalism” is a myth created by progressives to justify their own utopian fantasy of “World Economic Justice”. Globalism exists only because our foreign policy perpetuates it. But we don’t have to accept this fallacy.
U.S. Sues Banks Over Mortgage Bonds
A U.S. housing regulator filed lawsuits against 17 financial institutions, saying they sold $196 billion of risky home loans to Fannie Mae and Freddie Mac without adequately disclosing risks.
AT&T Faces Difficult Antitrust Challenge
The Justice Department’s sweeping challenge to AT&T’s proposed takeover of T-Mobile leaves little room for a negotiated settlement and an uphill struggle for AT&T to win its case in court.
America’s jobless recovery: Sorry, no jobs in August
THIS morning, the Bureau of Labour Statistics released its statistics on August employment growth in America. There was none. The American economy added zero net new jobs in August.We will have a full analysis up later this morning. I’ll just point out that since the recession officially ended, the American economy has lost nearly 600,000 government jobs. Any way you slice it, that’s a significant drag on recovery.
Judge Tosses Oracle Award
The judge in a high-profile copyright case Oracle brought against rival SAP threw out a $1.3 billion jury verdict against the German firm.
Auto Makers Report Stronger U.S. Sales
General Motors, Chrysler and Nissan reported strong year-over-year gains in U.S. auto sales for August as the industry shook off weak sales in July.
The middle class: Bourgeois and proud
The ever-expanding middle class in developing countriesTHE past four years have seen a sharp contrast between recession-hit rich countries and buoyant emerging giants. Estimates from the Asian and African Development Banks, using a rather broad definition of middle class as living on $2-20 a day, confirm the picture. On this measurement, which includes many people who are only just above the poverty line, a third of Africans and three-quarters of Latin Americans were middle class in 2008. Meanwhile, the evidence that this progress will bring political demands that will reshape the developing world is mounting.