Instead of emulating California, maybe we should look north. The Cato Institute notes: Long derided by American conservatives as “socialist” and praised by the left for its generous government spending, Canada is casting off those stereotypes. Over the past few years, while U.S. politicians presided over huge increases in spending …
Today voters in California will go to the polls to decide the fate of six ballot propositions, four of which would raise taxes on Californians. Gov. Arnold Schwarzenegger has pushed heavily for all six ballot measures which are designed to close the state’s $15 billion budget shortfall. But even though …
Throughout the next two weeks, the Foundry will be highlighting some testimonials of General Motors bondholders. When President Obama describes bondholders, you get the distinct impression of pinstripe-suit-wearing bankers with scotch in one hand and cigars in the other. However, that is far from the case. In fact, GM bondholders …
What if they ran a bailout program and no one came? Last year, the Bush Administration Treasury Department opened TARP’s doors to insurance companies, a number of which promptly filed for aid. Last week, the applications of six of those were approved, totalling some $22 billion. But rather than rush …
Tort lawyers are about to get another big payoff from Congress and the Obama administration for the hundreds of millions of dollars they contributed to candidates in the last election cycle (over 75% of which went to Democrats). If it reconciles the differing versions of the so-called Fraud Enforcement and …