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 »
NOVEMBER 9, 2011 For his next trick, Herbert Allison must salvage the unsalvageable. By HOLMAN W. JENKINS, JR. The following is believed to be an acceptance letter from Herbert M. Allison, a former chief financial officer of Merrill Lynch, chosen by the White House to advise on the Department of Energy’s “green” loan program. He
GREEN ENERGY’S MR. FIXIT – HERBERT ALLISON Read More »
NATIONAL REVIEW ONLINE www.nationalreview.com We’re Still Not Cutting by Jim DeMint November 8, 2011 Congress refuses to face the fiscal crisis. Despite bipartisan promises to cut spending after the 2010 elections, Washington politicians are still voting to make the government even bigger and more expensive than ever. Don’t believe me? Even though the federal government is
WASHINGTON’S GLUTTONY CONTINUES Read More »
NOVEMBER 5, 2011 They’re spending $30 million to repeal the state’s collective-bargaining reforms. By FRED BARNES Ohio Gov. John Kasich likened himself last week to Bernie Kosar, the Cleveland Browns quarterback from 1985 to 1992. Mr. Kasich was campaigning across Ohio for approval of Issue 2, the troubled referendum that would sharply curtail the power
GOVERNMENT UNIONS STRIKE BACK IN OHIO Read More »
NOVEMBER 4, 2011 Angela Merkel’s uncertain trumpet in the great euro crisis reflects her country’s history, and a new kind of politics in the West. By JOSEF JOFFE In the European currency war, Germany has the biggest arsenal and the strongest interest in forestalling the collapse of the euro. So why is it playing Hamlet:
WHY GERMANY IS LEADING FROM BEHIND Read More »
NOVEMBER 2, 2011 EU and U.S. debt are interlinked through the banking system. By GERALD P. O’DRISCOLL JR. When is a bailout not a bailout? When the bailor is short of funds. The recently announced debt plan in the European Union comes up short in almost all respects. The debt crisis is not just an
WHY WE CAN’T EXCAPE THE EUROCRISIS Read More »
November 1, 2011 By John Ransom 10/31/2011 A financially-troubled Canadian alternative energy company with ties to Senate Majority Leader Harry Reid paid a director the lion’s share of $758,828 (CAD) in reported consulting fees, according to an analysis of the filings made by the company. The fee was a part of a consulting agreement in order to
BROKE GREEN CO GREASES DIRECTOR SIX FIGURES FOR OBAMA LOANS Read More »
OCTOBER 27, 2011, 11:44 A.M. ET The Mortgage Crisis: Some Inside Views Emails show that risk managers at Freddie Mac warned about lower underwriting standards—in vain, and with lessons for today. By CHARLES W. CALOMIRIS Occupy Wall Street is denouncing banks and Wall Street for “selling toxic mortgages” while “screwing investors and homeowners.” And the
THE MORTGAGE CRISIS – PLACING THE BLAME WHERE IT BELONGS Read More »
