Thursday, January 22, 2009
America 6th on Economic Freedom Index
1 Hong Kong
2 Singapore
3 Australia
4 Ireland
5 New Zealand
6 United States
7 Canada
8 Denmark
9 Switzerland
10 United Kingdom
Monday, January 19, 2009
What Recession? The $170 Million Inauguration
The funny thing about this is how much uproar there was from the anti-bush crowd during his last inauguration because of how much was spent. This one costs more at a time when the economy is worse.
The country is in the middle of the worst economic downturn since the Great Depression, which isn't stopping rich donors and the government from spending $170 million, or more, on the inauguration of Barack Obama
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Friday, January 16, 2009
FALLING MILK PRICES: Initial effort to pay farmers to retire cows fizzles
Ceilings and floors.....sigh
Lawmakers are looking for ways to use the forthcoming stimulus bill to help dairy farmers, and the number one priority is to dampen milk supplies and prop up prices. Translation: reduce the nation's dairy herd.
BANK OWNED BY AMERICA; FEDS BECOME LARGEST SHAREHOLDER...
And the new ground rules laid down by Obama's top economic advisers for the second half of the $700 billion bailout fund, as explained in a letter submitted to Congress on Thursday, call for the government to play an increasing role in the major activities of the banks, from the dividends they pay to shareholders to the amount they can pay executives.
"We are down a path that this country has not seen since Andrew Jackson shut down the Second National Bank of the United States," said Gerard Cassidy, a banking analyst at RBC Capital Markets. "We are going to go back to a time when the government controlled the banking system."
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Monday, January 12, 2009
Obama's Climate Czar
Until last week, Carol M. Browner, President-elect Barack Obama's pick as global warming czar, was listed as one of 14 leaders of a socialist group's Commission for a Sustainable World Society, which calls for "global governance" and says rich countries must shrink their economies to address climate change.
By Thursday, Mrs. Browner's name and biography had been removed from Socialist International's Web page, though a photo of her speaking June 30 to the group's congress in Greece was still available.
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