Earlier this week we documented how Treasury Secretary Hank Paulson’s erratic behavior has become perhaps the single most disruptive force in the global economy. But he is just one of many government actors throwing more uncertainty into an already volatile marketplace. Federal Deposit Insurance Corporation Chairwoman Sheila Bair has been …
Failure is a part of U.S. business culture. That is why Americans feel extremely comfortable buying tickets from bankrupt airlines, electronics from bankrupt retailers, and apartments from bankrupt builders. To paraphrase a popular bumper sticker: bankruptcy happens. Bankruptcy does not have to be the end for any business. Instead bankruptcy, …
On this date (November 19) in 1863, Abraham Lincoln gave perhaps the greatest speech in American History, the Gettysburg Address. The text of the speech is short, less than 300 words, a fitting reminder to contemporary politicians that, sometimes, the most succinct speeches are the most meaningful. Perhaps the brevity of Lincoln’s remarks can …
Popular Mechanics devotes their latest cover story to the science of ground-based interceptors. PM writes: America’s missile shield is designed to destroy incoming ballistic warheads with interceptors. President-elect Obama’s leading contenders for the job as Secretary of Defense have this week sent signals that the next administration would continue the …
The Congressional restrictions on energy leasing in 85 percent of America’s territorial waters, which have been renewed annually since 1982, were allowed to lapse this year. They expired on September 30th, and since overlapping White House restrictions were rescinded by President Bush a few months ago, nearly all of our …
Obama Should Back Missile Defense – DC Examiner During the campaign, Barack Obama was ambiguous, at best, on whether as chief executive he would support completing development and deployment of the U.S anti-ballistic missile defense system first proposed in 1983 by President Reagan… Mike Bloomberg Learns That His Title Is …
President-elect Barack Obama will probably just use the Environmental Protection Agency’s rulemaking power “as a political bludgeon” to force Congress to pass a massive energy tax, but it is still helpful to push back against the EPA’s carbon capping plans. Yesterday The Heartland Institute posted their official comment on the …
