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News, commentary, politics and current events from a Whig perspective.
Recent Posts Tagged With 'business'
Chinese and American Companies Evade Iranian Sanctions
WSJ: Chinese Evade U.S. Sanctions on Iran Chinese companies banned from doing business in the U.S. for allegedly selling missile technology to Iran continue to do a brisk trade with American companies, according to an analysis of shipping records. ...
Administration Throws Good Money After Bad To Increase Control
Washington Post: U.S. takes majority stake in GMAC, giving lender $3.8 billion more in aid The federal government said Wednesday that it will take majority control of troubled auto lender GMAC and provide an additional $3.8 billion in aid to the co...
Missed Opportunity For Real Financial Reform
Business Week: A Crisis Is a Terrible Thing to WasteThis should have been the year of radical financial reform In 2009 we wasted a perfectly good financial crisis. With disastrous economic events accumulating in March, President Barack Obama exhor...
Government of the Banks, By the Banks, For the Banks
Taxpayers screwed over yet again because of the Bailout. Here is the latest outrage. Note that the Obama Administration hasn't done anything that the Bush Administration didn't do. It doesn't matter -- Democrats or Republicans -- you and me get sc...
The Chevy Volt
This is the actual Checy Volt. It does not look cool. Especially at 40 grand.At a series of events surrounding the 2009 Los Angeles Auto Show, the team behind General Motors’ great electric hope made some nearly fully-functional prototypes of the p...
The Chevy Volt concept
This is the Chevy Volt concept. It looks cool. ...
Economist Paul Samuelson Dies at 94
Paul A. Samuelson, whose analytical work laid the foundation for modern economics, died Sunday. He was 94."Paul Samuelson was both a path-breaking and prolific economic theorist and one of the greatest teachers that economics has ever known," said Fe...
54 Percent Prefer Congress Do Nothing on Health Care
Congress is working nights and weekends to pass legislation that Americans don't like.A majority -- 57 percent -- oppose the health care reform legislation being considered right now. About a third of Americans -- 34 percent -- favor the reforms. Th...
AT&T to Urge Customers to Use Less Wireless Data
AT&T is considering ways to encourage customers to use less wireless data as its network struggles to keep up with demand, a company executive said Wednesday.“What we are seeing in the U.S. today in terms of smartphone penetration, 3G data, nob...
In Bed With The Fat Cats: Big Business, the Democrats, and the Republicans
'Big Business' DemocratsThe notion that big business is "right wing" has always been more sloppy agitprop than serious analysis. It's true that historically, big business is against socialism and communism -- and understandably so. Socialism and comm...
Fretful Congress Does Nothing To Reform Debt Rating Agencies
NY Times: Debt Raters Avoid Overhaul After Crisis When the financial crisis began, few players on Wall Street looked more ripe for reform than the Big Three credit rating agencies.It wasn’t just that Moody’s Investors Service, Standard & P...
Purge Of Bankers in Venezuela
Venezuela widened a police sweep against executives from seven troubled banks shut down despite their links with top government officials -- a move likely to win support for leftist President Hugo Chavez.Police arrested the director of the Banco Real...
US Senator Baucus nominated girlfriend for post
Influential US Senator Max Baucus nominated his girlfriend for a key post earlier this year.Mr Baucus chose Melodee Hanes, his former aide, to serve as U.S. Attorney in his home state of Montana because of her "extensive legal experience".Ms Hanes la...
Sustaining Warmth
Global-warming summiteers have been told it's uncool to buy hookers, but prostitutes have turned a trick of their own: heating up the atmosphere in Copenhagen by offering free sex to delegates.Copenhagen Mayor Ritt Bjerregaard and the city council ha...
Small Businesses Need Certainty
The Examiner: Job creation requires certainty, not government action Small businesses create most of the jobs in an economy such as ours. But small businesses find it impossible to plan on expanding because they do not know what it will cost them t...
NBC Universal - Comcast Merger: Let\'s Hope The Leviathan Decides To Play Nice
Atlantic Wire: Comcast to Merge With NBC: A Behemoth on the Rise?Post Tech: Vivendi's sale of NBC clears way for Comcast; public interest groups decry mergerAlready public interest groups are decrying a merger, saying a deal would concentrate too muc...
The Great Delisting: Small Firms Denied Access To The Stockmarket
Economist: High-speed slideWhat is good for cutting-edge traders may be bad for the market as a whole America is plagued by a “Great Depression” in the number of listed firms that stretches back over a decade. The slide in listings began in the m...
All That, And For What? Final Result of Kelo Decision: Wasted Money, Wasted Property
After the homes are gone In its infamous Kelo decision in 2005, the U.S. Supreme Court ruled 5-4 that a New London, Conn., redevelopment agency could seize people's private homes by eminent domain not only for public works but also for corporate deve...
We Will All Pay If Congress Panders On Credit Card Legislation
U.S. Looks to Australia on Credit Card Fees Now, as Congress debates how to rein in credit and debit card companies in the United States, Australia’s experience is being pointed to as an example of just how tricky that can be: for one thing, if r...
Saab Story
General Motors Co. may shut its Saab unit after sports-car maker Koenigsegg Group AB canceled a planned acquisition of the Swedish company, a person familiar with the matter said.GM’s board will review the future of the bankrupt unit at a Dec. 1 me...
