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This week, the House passed a bill that imposes further regulations on financial firms - on executive pay which is bad enough in itself, and to add insult to injury, on the way those firms and employees do business. The bill is "aimed at preventing financial firms from adopting compensation systems...
Posted to
AIP Blog
by
Despina Karras
on
08-02-2009
Filed under:
Filed under: economy, capitalism, free market, business concerns, investors, economic crisis, regulation, government, economics, federal government, action, government intrusion, government expansion
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Yesterday, in his weekly address, President Obama called on Americans to "summon the same spirit that inhabited Independence Hall two hundred and thirty-three years ago". This is one time when I can get behind President Obama's sentiments - although he may not like my reasons for it. What...
Posted to
AIP Blog
by
Despina Karras
on
07-05-2009
Filed under:
Filed under: wasteful spending, cap and trade, capitalism, stimulus package, government spending, universal health care, socialized health care, public healthcare, economic crisis, government, cap and tax, government option, federal government, founding fathers
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Crack open any financial textbook and you’ll find the objective of every finance department is to “maximize shareholder wealth.” That is their objective, concern, and responsibility. When individual investors buy into a company, they do so under the assumption that management is looking...
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"I think if you get into the way it was written, it's a huge tax and there's no sense calling it anything else. I mean, it is a tax ." So says Warren Buffett , Chairman of Berkshire Hathaway and perhaps even more importantly, one of the President's biggest supporters in the economic...
Posted to
AIP Blog
by
Despina Karras
on
06-28-2009
Filed under:
Filed under: energy, cap and trade, capitalism, free market, stimulus package, government spending, taxes, stimulus, job losses, tax issues, economic crisis, regulation, unemployment, green jobs, cap and tax, consumers, economics, environmentalists
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Both Al Gore's "An Inconvenient Truth" and Leonardo DiCaprio's film "The 11th Hour" do a great job of manipulating (and in some cases outright distorting) the facts about climate change to scare people. They scare people into changing their behavior, they scare people into...
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This week will mark four months since President Obama signed the stimulus bill into law. Four months later, unemployment has reached a 26 year-high, and only $44 billion of 'stimulus' money has been spent . Ironically, a recent Rasmussen poll shows that four months after passing the largest spending...
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This week, the wacky government of Venezuela banned Coke Zero from being sold in the country. Citing harmful ingredients , it claimed to be protecting the health of its citizens, while the government purports to conduct an investigation into potentially dangerous ingredients in the soft drink. In reality...
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Despite the President's assurances that he does not want to be in the car business and that "we cannot make the survival of our auto industry dependent on an unending flow of taxpayer dollars" , in just a few hours, you, the taxpayers of America, will own General Motors. Tomorrow, GM will...
Posted to
AIP Blog
by
Despina Karras
on
05-31-2009
Filed under:
Filed under: economy, capitalism, government spending, automobile, Chrysler, car company, detroit, UAW, auto industry, economic crisis, taxpayers, corruption, bailout, business
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Remember when the Obama Administration said while pushing for the stimulus bill to be passed that it would be timely and targeted? The Heritage Foundation has been tracking the claims and has found that the bill is neither. As this chart provided by Heritage shows, the spending of the billions in the...
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Yesterday, voters in one of the most Liberal states in the entire country turned down a series of tax hikes and budget adjustments that would have temporarily kept the state floating, but would have further damaged the state's economic climate leading to future problems with revenue and employment...
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"I do not know any exception to the proposition, that if you compare like with like - the freer the system, the better off the ordinary poor people have been." - Milton Friedman The late Nobel Peace Prize winning economist Milton Friedman created a great series on economic freedom called Free...
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Yesterday, President Obama urged Congress to pass credit-card reform legislation by Memorial Day. In his weekly address, he stated , "There is no time for delay...We need a durable and successful flow of credit in our economy, but we can't tolerate profits that depend upon misleading working...
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Good morning, and happy mother's day to all! Here are today's conservative articles and blog posts from around the web. Moira Herbst of BusinessWeek offers input on signs that could indicate an economic recovery has begun. Alfred Tella reports on a discrepancy in recorded job loss numbers and...
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I came across this post at naked capitalism a couple of days ago and thought it very interesting. It appears that the Obama administration is guilty of gaming the financial securities rating system to make its über-solution for the financial crisis ( nicknamed TALF ) more attractive to private investors...