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  • Yearly Archives: 2008

    Mind the Gap

    Wanna know why Ford and GM lost billions this quarter while Toyota posted a tiny profit? University of Michigan at Flint professor of economics Dr. Mark Perry provides this graphic: Also of note, according to the Department of Labor, the hourly compensation costs for all employees in manufacturing is $29.60. … More

    Progressive Corporatism at Work

    The most important thing to remember as Capitol Hill debates the auto bailout this week, is that the incestuous relationship between big business, big labor, and big government is not confined to the auto sector. Instead it infects everything Washington touches. CATO’s Dan Mitchell writes: Naive and/or deceptive politicians often … More

    Our Rent-Seeking Socialists

    If you’re reding this blog, you’re probably already a fan of George Will and probably already read his column this weekend. But just in case you haven’t here are some highlights: The seepage of government into everywhere is, we are assured, to be temporary and nonpolitical. Well. …. The distribution … More

    The Hedge Fund Manager Who Cried Wolf

    George Soros has written three books warning of an impending financial crisis. He admits to being like the boy who cried “wolf,” adding he was right the third time. Assuming Soros was on to something all along, what is his next warning? Against overregulation. Here’s what Soros told the House … More

    All Megan, All the Time

    The Atlantic’s Megan McArdle has been tackling the proposed auto bailout like a champ. Here are just some of her contributions from the past week: On why Congress can’t fix Detroit: Indeed, a bailout will mute the one thing that sometimes does turn around dysfunctional management: the shock value of … More

    New Obama Style Suits AP

    Here’s one that’s a little hard even for media folks to figure. Out of the blue, the Associated Press quietly issued a new style rule that took effect at 3 a.m. Nov. 14. As a result of this 3 a.m. call, the AP will sound a more formal tone when … More

    Morning Bell: Do You Trust Congress to Run the Auto Industry?

    Both the House and the Senate are set to gavel back into session this week, and both chambers’ first order of business will be a proposed bailout for Detroit’s Big Three: General Motors, Ford and Chrysler. Rep. Barney Frank (D-MA) and Sen. Carl Levin (D-MI) will introduce legislation to carve … More

    Nuclear Reactors Small & Large

    104 nuclear power plants currently provide electricity for 20% of the nation. One of these reactors (1,000 Megawatt) provides electricity for about one million homes. This is great, but good things can come in small packages, too. For instance, Hyperion Power Generation, Inc. is looking to commercialize small, nuclear reactors … More

    The Auto Bailout & The Bankruptcy Myth

    When I think of bankruptcy I think of this. That’s right, the Monopoly Guy. Pockets empty. Shoulders shrugged. Game over. All the jobs will be wiped off the face of this earth and bulldozers will tear down the buildings. I’m guessing a lot of people think this way when they … More

    China's Public Relations Stunt

    Derek Scissors, a research fellow for Asia economic policy, says the world leaders meeting in Washington for the G-20 summit should view China’s stimulus package as an expensive public relations move. [youtube]http://www.youtube.com/watch?v=JSB28WHrv7U[/youtube]