It sounds like a former Obama Administration official is changing his tune on two of the President’s early stimulus efforts. Austan Goolsbee, former chairman of President Obama’s Council of Economic Advisers, says that in retrospect he would not have supported the Cash for Clunkers program or the home buyer tax credit. Politico reports: …
Apparently seeking to capitalize on a political movement that shares its general political vision, Big Labor has stepped up its material support for the “Occupy” protesters. Scribe noted this week that the AFL-CIO union had taken out advertisements supporting the protests. According to a report from the Washington Post, though, their …
As part of its bankruptcy proceedings, defunct solar company Solyndra will auction off thousands of items from its California production facility on Nov. 2 and 3. But taxpayers won’t see a dime of the proceeds, due to the Energy Department’s decision to subordinate taxpayers to Solyndra’s private financiers in repayment …
Steve Jobs, the late Apple founder and digital pioneer, told President Obama in a 2010 meeting that his anti-business attitude and enthusiasm for federal regulations could spell doom for his re-election bid, according to an upcoming biography of the iconic entrepreneur. Jobs specifically cited a number of impediments to job …
Next month, the “super committee” will release its plan to find savings in the federal budget over the next decade. A report from the Senate Finance Committee Republicans outlines a possible route forward and includes reforms to reduce unaffordable federal spending on health care and improve programs like Medicare and …
The promises of the “Arab Spring” wilted in many Arab countries during the long, hot summer, and now these nations face uncertain prospects in the autumn. As Tunisia and Egypt take the initial steps toward democratic transition, they face significant challenges, including the need to revive slumping economies, address sectarian …
Gibson Guitar is an American icon. Musicians ranging from blues legend B.B. King to rock stars with Led Zeppelin and Aerosmith have used its guitars. Today, however, the guitar maker is facing a high-profile persecution from its own government. The U.S. Justice Department is pursuing a case that smacks of …
The Supreme Court’s term has barely begun, and yet speculation already abounds regarding when the Court will hear and how it will decide politically controversial cases such as Obamacare, racial preferences, immigration, and same-sex marriage. Court watchers offer their predictions on the outcomes of the cases, but many if not …
They are at it again. Despite numerous unsuccessful tries to develop a government-facilitated plan to refinance problem mortgages, another one appears to be on the horizon. This one, currently being considered by state and federal officials and large mortgage lenders, has a better focus than earlier versions, but would at …
