DECEMBER 1, 2011 MF Global and the new era of crony capitalist regulation. More than $1 billion of client money is still missing at failed brokerage MF Global, according to the bankruptcy trustee’s latest estimate. At Thursday’s hearing of the Senate Agriculture Committee, the company’s principal regulator will try to explain how his agency failed […]
MR. CORZINE AND HIS REGULATORS Read More »
US NEWS & WORLD REPORT December 1, 2011 by Rick Newman The bank bailouts in 2008 and 2009 were controversial because wealthy bankers seemed like the last people who needed help. Now, the Federal Reserve and other central banks are rescuing one group held in even lower regard than bankers: politicians. [See 11 dates investors need
THE FEDERAL RESERVE, NOW BAILING OUT POLITICIANS Read More »
NOVEMBER 30, 2011 The Congressman from Fannie Mae retires. It is a newspaper truism that what is good for journalism is bad for the country, and vice versa. Let’s just say that regarding the pending retirement of Congressman Barney Frank, we’re delighted to make the professional sacrifice. Few House Members have made a bigger legislative
THE BARNEY FRANK ERA Read More »
ZUBRIN: Obama readies to blast NASA Ending planetary exploration would leave agency adrift by Robert Zubrin Robert Zubrin is the president of Pioneer Astronautics and author of “The Case for Mars: The Plan to Settle the Red Planet and Why We Must” (Free Press, 2011, second edition).The Washington Times Wednesday, October 26, 2011 Illustration: NASA
OBAMA SENDS NASA ADRIFT Read More »
THE ECONOMIST Unless Germany and the ECB move quickly, the single currency’s collapse is looming Nov 26th 2011 | EVEN as the euro zone hurtles towards a crash, most people are assuming that, in the end, European leaders will do whatever it takes to save the single currency. That is because the consequences of the
THE EURO ZONE, IS THIS REALLY THE END? Read More »
NOVEMBER 26, 2011 New Strains Hit Euro, Global Markets Common Currency Falls After Italy’s Borrowing Costs Soar; Coming Week Poses Key Test of Sentiment By STACY MEICHTRY and JONATHAN CHENG ROME—Uncertainty in financial markets deepened as Italy’s borrowing costs soared to euro-era highs and Prime Minister Mario Monti said European leaders understood an Italian collapse
NOVEMBER 18, 2011 On Thursday, Americans got a clear a view of the Obama philosophy of government. By KIMBERLEY A. STRASSEL The House Energy and Commerce Committee Thursday held another hearing on the bankruptcy of taxpayer-backed Solyndra and, fortunately for the mere politicians present, the panel this time had access to the wisdom of a
STEVEN CHU, ENERGY CEO Read More »
NOVEMBER 17, 2011 The Germans are richer and more stubborn.The French are flashier and faster on their feet. By WALTER RUSSELL MEAD The European crisis repeats the same pattern endlessly. Bad news sinks markets, ultimately accelerating into a panicky wave of liquidation. European leaders convene, deliberate and emerge with what they say is a “fix.”
THE CULTURE WAR OVER EUROPE’S MONEY Read More »
NOVEMBER 15, 2011 California’s railway gets more fantastic all the time. California Governor Jerry Brown must have loved “The Little Engine That Could” as a kid. Last week his state’s high-speed rail authority released a new business plan that estimates its 500-mile bullet train from San Francisco to Anaheim will cost $98 billion. The state
CALIFORNIA’S TRAIN TO NEVERLAND Read More »
NOVEMBER 10, 2011 From Greece to Italy to France, the welfare state is in crisis. In the European economic crisis, all roads lead through Rome. The markets have raised the price of financing Italy’s mammoth debt to new highs, and on Tuesday Silvio Berlusconi became the second euro-zone prime minister, after Greece’s George Papandreou, to
EUROPE’S ENTITLEMENT RECKONING Read More »
