Business

Surprise Endorsement of Wisconsin’s Scott Walker by Liberal Newspaper

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The Milwaukee Journal Sentinel is the largest newspaper in Wisconsin and has a decidedly liberal tilt. The paper opposed Governor Scott Walker’s collective bargaining reform and takes a dim view of Republicans in general. But to their credit, they see no reason to recall the Republican governor: No governor in recent memory has been so controversial. No [...]

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President Obama’s Campaign Shifts Attack on Mitt Romney to Story of American Pad & Paper

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After attacking Mitt Romney and Bain Capital last week for their dealings with a Missouri steel company, the Obama campaign today is turning to the tale of a closed Indiana office supply company that then-Senator Edward M. Kennedy used to repel Romney in their 1994 race. The saga of SCM Office Supplies Inc. in Marion, [...]

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What Do Greece and California Have In Common?: Two Freeloaders Dragging Down a Union

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This island off the course of northwest Europe is turning out to be an excellent viewing platform for three blockbuster shows this summer: Queen Elizabeth’s 60th anniversary Jubilee, the London Olympics and the implosion of Europe. The group of countries using the euro as a joint currency is “a burning building with no exits,” says [...]

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Faculty Members Resign as Christian University Defies Immoral Cultural Trends

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Conservatives lose battles because they give into liberal demands an inch here and an inch there hoping against hope that a minor compromise won’t have a long-term impact. This is especially true in the area of education. Harvard started out as a Christian college. In time, Harvard began to compromise in small ways. The inch-by-inch concessions [...]

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Are 8 Heads Better Than One At Fixing Europe’s Debt?

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Camp David, in the Maryland hills outside Washington, is usually a place for the president and his family to get away from work, a wooded refuge with a swimming pool, tennis courts and a putting green. This weekend, though, President Obama is bringing work with him to camp — along with the leaders from most [...]

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How Romney’s Problem-Solving Background Could Make Him A Winner In November

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Of the two major-party presidential candidates, Barack Obama and Mitt Romney, who is better at solving problems? And what sort of problems should the candidates be seeking to solve, anyway? In the first part of this series, we noted the remarkably even-steven division of power between the two parties, a phenomenon commonly described as “gridlock,” or “polarization.” [...]

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Boehner to Obama: ‘We’ve Spent Enough Time Playing Small Ball’

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When asked what he planned to talk to President Barack Obama about at private lunch at the White House with other congressional leaders, House Speaker John Boehner (R-Ohio) said he would ask the president where is his plan to deal with the debt, impending tax increases, and cuts in the miiltary. “We’ve spent enough time playing small ball,” Boehner said [...]

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Pro-Obama Super PAC Slams Romney’s Business Career

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A super PAC supporting President Obama is out with its own ad attacking Mitt Romney’s business record, spending $4 million on a swing state TV campaign. Priorities USA Action, founded by veterans of the Obama and Clinton administrations, is hitting on themes already being sounded by the president’s re-election campaign. The new ad also focuses [...]

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Congress Looks to Rewrite Act That Led to Gibson Guitar Raid

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Lawmakers are reviewing legislation to amend a century-old law that led to a raid by armed federal agents at the Gibson Guitar Company in August 2011 at its Nashville and Memphis factories and, in a separate case, to the imprisonment of two Americans for importing improperly packaged lobsters. Critics of the Lacey Act say it [...]

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Gov. Jerry Brown Says Deeper Cuts Needed in California

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California Gov. Jerry Brown said the state’s projected budget deficit widened to $16 billion from about $9 billion, and warned that the state will need deeper cuts to services such as education if voters do not pass a tax-increase measure he is championing. The Democratic governor was set to release his revised 2012-13 budget to [...]

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Facebook Co-Founder Renounces US Citizenship; Likely, to Reduce Paying Exorbitant Taxes

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Facebook co-founder Eduardo Saverin’s name appears on the Internal Revenue Service’s quarterly list of people who chose to give up their U.S. citizenship as of April 30. Renouncing his citizenship could potentially save Saverin millions of dollars in taxes on his 4 percent stake in Facebook when the company goes public later this month. Saverin, [...]

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Does J.P. Morgan’s ‘Confidence Shaking’ Losses Reveal Future Market Chaos?

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J.P. Morgan Chase & Co. JPM -9.28% , the last bank on Wall Street with any semblance of industry dignity for how it managed and comported itself in the financial crisis, on Thursday became the latest confidence-shaking bank on Wall Street to get waylaid by today’s financial system. It’s a system that by now is [...]

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Groupon Suffers From Boycott as They Defiantly Continue to Support Porn Industry

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Though an anti-porn organization reports that a boycott against an online “daily deals” company appears to be working, the boycott continues. Morality in Media (MIM) has been calling out Groupon for its support of two porn producers, Kink and Playboy (see earlier story). The disputed ads have since been removed from the company’s website, as [...]

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Barack Obama: I’m the Real Small-Government President, Not Reagan

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President Barack Obama tried to make the argument today that he’s the real small-government leader, not Reagan and other Republicans. “After there was a recession under Ronald Reagan, government employment went way up,” Obama said at a college in Albany, N.Y. “It went up after the recessions under the first George Bush and the second [...]

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Obama Official Defends Class Warfare by Citing Karl Marx

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A senior Obama administration official defended the efficacy of “class warfare” on his personal blog Monday by quoting the political philosopher and communist theorist Karl Marx. Rick Bookstaber, who currently serves on the Financial Stability Oversight Council, the federal body established under the Dodd-Frank Act to “ensure the stability of our nation’s financial system,” took issue with [...]

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