Senate leaders are preparing yet another big bailout package, this time for states in the form of increased federal matching rate for the $350 billion Medicaid program. If enacted, this would be the second time in less than ten years that Congress provided a “temporary” increase in the federal Medicaid …
Lynne Kiesling highlights these daunting numbers from David Yermack’s WSJ piece: • GM and Ford are two companies that made the most money-losing investments in the 1980s; between them they “destroyed $110 billion in capital” in the decade, according to an analysis from the careful and renowned economist Michael Jensen. …
Jury selection begins today in the trial of Lori Drew, indicted by federal prosecutors for using false information to create a MySpace account. Yes, that’s right: she’s not charged (pdf) with “cyber-bullying” or harassment or even causing the death of Megan Meier, the teen who committed suicide after she received …
Is there nothing the liberals on Capitol Hill will not throw money at? MIT Professor Andrew Lo testified before the House Oversight Committee last week on the increasing gap between pay for finance and engineering graduates (hint, there is money in finance kids!). Not content to let high salaries solve …
Heritage Senior Research Fellow James Gattuso explains what happens when bankruptcy is declared and why it is a better option for Detroit Automakers [youtube]http://www.youtube.com/watch?v=6wKGODqsZ2o[/youtube]
This week Capitol Hill is focused on bailing out the Big Three auto makers. But come January throwing money down the Detroit money hole will just be one of many schemes the Obama administration and his liberal majorities in Congress will be pushing. Sen. Chris Dodd (D-CT), of Countrywide Financial …
This week the executives of the Big Three auto makers are expected to testify on Capitol Hill. As Heritage Senior Legal Analyst Andrew Grossman points out, these industry titans may have breached their fiduciary duties by relying solely on Congress to bail them out: A corporation’s board of directors, as …
Over the weekend, the Washington Post editorial page continued its support of the D.C. Opportunity Scholarship program—comparing President-elect Obama’s position on school vouchers with his family’s experience of choosing a school in the nation’s capital: Let’s hope the experience of moving his girls and finding the place where they will …
