President Obama has declared that "There is no disagreement that we need action by our government, a recovery plan that will help to jumpstart the economy." Indeed, both Democrats and Republicans in the Obama and Bush Administrations have called for vast increases in government spending.
Over the last few days Washington has been denouncing AIG for paying out retention bonuses to employees in its financial-products division—the same division responsible for much of the company’s recent losses. Relegated to the background is the fact the bonuses are a lawful contractual obligation. While
As environmentalism continues to grow in prominence, more and more of us are trying to live a "greener" lifestyle. But the more "eco-friendly" you try to become, likely the more you find yourself confused and frustrated by the green message. Have you tried giving up your
In early December of 2008, the California State legislature passed a measure that would attempt to decrease the level of man-made greenhouse gas emissions. Tied together with, and following California’s “landmark” Global Warming Solutions Act of 2006, the measure calls for a 15% reduction of
When we hear the word “regulation,” most people immediately think of the government. After all, the government regulates nearly every industry that we rely on in our everyday lives, such as banking, aviation, education, medicine, and countless others. But in addition to government regulation, there are
Bernard Madoff's $50 billion hedge fund scam is being called "the biggest Ponzi scheme in history." Over the past ten years, Madoff scammed individual investors, hedge funds, and charities out of billions of dollars, embezzling money that was supposed to have been invested. When the
Ailing automaker Chrysler LLC has entered into an agreement with Italian carmaker Fiat SpA. The deal would involve an exchange of technology and access to distribution networks, giving Fiat a 35% stake in Chrysler without it having to pay a single euro. However, the deal
The once stalwart US auto industry has been brought to its knees. A plethora of problems, including poor management decisions and crippling labor laws, have virtually wiped out shareholder value and corporate profitability, endangering thousands of jobs and retiree pension benefits. The executives of the
In 2007, Whole Foods, the popular purveyor of natural foods, sought to expand its business by acquiring rival grocer Wild Oats. However, the Federal Trade Commission claimed that the merger would violate antitrust laws by creating a natural foods monopoly. Although federal judges approved the
President-elect Barack Obama has said he favors a single-payer health care system such as the one Canada has now. But the inefficiency of the single-payer system often leaves Canadians facing life-threatening waits for care. Lindsay McCreith from Ontario is one example. When his doctor told