AUGUST 18, 2011 By RUSSELL GOLD Exxon Mobil Corp. is fighting with the U.S. government to keep control of one of its biggest oil discoveries ever, in a showdown where billions of dollars hang in the balance for both sides. The massive Gulf of Mexico discovery contains an estimated one billion barrels of recoverable oil, […]
EXXON, U.S. GOVERNMENT DUEL OVER OIL DISCOVERY Read More »
AUGUST 16, 2011 In 1970, the future seemed to belong to Michigan’s example of big companies and big unions. Not anymore. By MICHAEL BARONE President Obama has kicked off a three-day bus tour of Minnesota, Iowa and Illinois, where the corn is high and at least some factories are spewing smoke. He’s holding town-hall meetings
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GE moving X-ray unit to Beijing Updated: 2011-07-26 07:51 By Li Woke (China Daily) A General Electric Co employee at the healthcare unit’s production facility in Beijing assembles a medical magnetic resonance imaging (MRI) device. Nelson Ching / Bloomberg BEIJING – General Electric Co’s healthcare sector will move its X-ray global headquarters to Beijing from
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AUGUST 13, 2011 The presidential candidate’s signature economic development initiative has raised questions among conservatives. By CHARLES DAMERON Gov. Rick Perry’s presidential pitch goes something like this: During one of the worst recessions in American history, he’s kept his state “open for business.” In the last two years, Texas created over a quarter of a
RICK PERRY’S CRONY CAPITALISM PROBLEM Read More »
August 12, 2011 The President’s Stale Sermons By Victor Davis Hanson Congress just approved the highest debt ceiling in American history, allowing the government to carry over $16 trillion in national debt – prompting the credit-rating agency Standard & Poor’s to downgrade America’s multitrillion-dollar debt for the first time in 70 years. Unemployment is still
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WALL STREET JOURNAL August 11, 2011 Emerson Electric CEO David Farr during an earnings call, Aug. 2: GDP in the U.S. grew in the first half less than 1%. . . . It’s not new news. We have to deal with it. We have a tradition in the company to deal with those things. Then
WASHINGTON ARRANGING THE CHAIRS ON THE TITANIC Read More »
AUGUST 10, 2011 A New Strategy for Economic Growth Growth is not just about economics. Growth unleashes human potential. By KEVIN WARSH AND JEB BUSH As the economy continues to struggle, we are reminded of a course offered at Yale University titled “Grand Strategy.” Drawing on a weighty curriculum of history and philosophy, the course
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Published on The Weekly Standard (http://www.weeklystandard.com) Time to Stockpile Lucky Charms? The Obama administration targets food marketed to children. Kate Havard August 8, 2011, Vol. 16, No. 44 The Obama administration is after your Lucky Charms, or at least your children’s. The public comment period closed on July 14 for a set of “voluntary” guidelines
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AUGUST 4, 2011 The late president inherited a bad economy, and he cut taxes and slashed spending to spur growth. By CHARLES C. JOHNSON Eighty-eight years ago this week, Calvin Coolidge took office upon the sudden death of President Warren Harding. Like the current administration, the Harding-Coolidge administration faced a tough recession from 1919-1921. But
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AUGUST 5, 2011 Stocks Nose-Dive Amid Global Fears Weak Outlook, Government Debt Worries Drive Dow’s Biggest Point Drop Since ’08 By TOM LAURICELLA Stocks spiraled downward Thursday as investors buckled under the strain of the global economic slowdown and the failure of policy makers to stabilize financial markets. The selling began in Europe and continued
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