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
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Despina Karras
on
08-02-2009
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Filed under: economy, capitalism, free market, business concerns, investors, economic crisis, regulation, government, economics, federal government, action, government intrusion, government expansion
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...
"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
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...
"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...
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...
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...