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  • Monthly Archives: June 2009

    Is An Automaker a "Financial Institution"? You Decide

    Yesterday afternoon, Supreme Court Justice Ruth Bader Ginsburg issued an order delaying the sale of Chrysler’s assets to a new firm controlled by Fiat, in order to more fully consider claims by a group of Indiana pension funds that the process violated federal law. A key argument made by the … More

    The Chrysler Stay: Reading the Tea Leaves

    The talk shows last night were all atwitter over Justice Ruth Bader Ginsburg’s grant of a temporary stay for the Supreme Court to consider the application for an emergency stay of the sale of Chrysler to a government-backed shell corporation. What do we know this morning? A few thoughts: The … More

    Roadblocks on Russia Path to WTO

    MOSCOW – In conjunction with the St Petersburg Economic International Forum, speculations over Russia’s accession to WTO have picked up steam. On the sidelines of the Forum, Economic Development Minister Elvira Nabiullina said Moscow stands a good chance of joining WTO by year end. The negotiations with the European Union … More

    Morning Bell: The Obama Jobs Gap

    Last Friday, the Bureau of Labor Statistics released its monthly job report showing that the economy lost 345,000 jobs in May. This brings the total number of jobs lost in the first full three months since the economic stimulus package was passed to 1.5 million jobs. Countering these inconvenient truths, … More

    The Labour Party and the EU Take A Beating in Britain’s Elections

    The polls said it would be bad for Labour. But no one expected it to be this bad. On Thursday, Britons voted in local county elections and elections for the European Parliament. The result was a devastating repudiation of Gordon Brown’s tottering government, and of the cause of European integration. … More

    INSTANT ANALYSIS: Supreme Court Delays Sale of Chrysler

    According to the Associated Press, the U.S. Supreme Court has taken the extremely rare step of issuing a stay on the sale of Chrysler to Fiat, after three Indiana state pension and construction funds petitioned for the delay pending an appeal of a lower court decision. Justice Ruth Bader Ginsburg … More

    Obama at Normandy: Mistakes Were Made

    Not even D-Day, June 6th, went by without an international apology from President Obama, despite it being one of the most heroic days in American history and ultimately one of the most successful. If Mr. Obama cannot celebrate the sacrifices of American G.I. in the hellish environment of the Normandy … More

    Castro’s Spies Reflect Cuba’s Hidden War with the U.S.

    For decades, the Cuban government has waged a secretive war on the U.S. With no legislative oversight, freedom of information, or independent judiciary, Cuba’s clandestine services operate freely without check or challenge. Cases like those of Defense Intelligence Agency analyst Ana Belen Montes, convicted in 2002 of spying for Cuba, … More

    Obama Administration: "Totally Clear" That Government Should Run Companies

    Obama administration Council of Economic Advisers member Austan Goolsbee was on Fox News Sunday yesterday defending Obama’s intervention in the economy. In the clip below, he is actually defending the White House’s new pay czar, but his logic applies equally well to any of Obama’s new companies, from AIG to … More

    Cuba Spy Case: Another Trust Fund Revolutionary Betrays America

    Move over, Bill Ayers, you’ve got company. The arrest of retired State Department intelligence analyst Walter Kendall Myers has apparently uncovered yet another overweened Social Register Rebel in our midst. Myers and his wife, Gwendolyn, were arrested on June 5 and charged with being espionage agents for Fidel Castro for … More