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: economy, capitalism, free market, business concerns, investors, economic crisis, regulation, government, economics, federal government, action, government intrusion, government expansion
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...
Posted to
AIP Blog
by
Despina Karras
on 05-10-2009
Filed under: economy, capitalism, free market, business concerns, economic recovery, economic crisis, regulation, credit card reform
Chances are if you are reading this, you are familiar with the American Recover and Reinvestment Act of 2009. It is the shining star of the Barack Obama administration in its first hundred days or so. The Act includes federal tax relief, expansion of unemployment benefits and other social welfare provisions...
Posted to
AIP Blog
by
AIP Admin
on 05-05-2009
Filed under: congress, wasteful spending, economy, budget, business concerns, pork, stimulus package, government spending, taxes, Obama, stimulus
The replacement of Justice David Souter has been met with a drowsy shrug in some circles because it’s assumed that President Obama’s nominee to succeed him will not alter the makeup of the court. After all, we’d be switching one liberal for another, right? Wrong. Former Attorney General...