GM Exit Strategy: Taxpayers Eat Billions

The Obama administration said Wednesday it will sell 200 million shares — or 40 percent of its remaining stake in General Motors Co. — back to the automaker and announced plans to completely exit the Detroit automaker by March 2014. The Detroit automaker said it will...

U.S., Iran, Syria, Libya & the Petrodollar

There’s been a lot of conflict in the Middle East. And most of it has to do with the petrodollar. Take Iran, for example. The country is undergoing a bout of hyperinflation. This came about because of the pressing sanctions the West placed on Iran. But it’s not the...

Newton CT – Day 3

I wrote something short on the Facebook page of an old friend who called for more “gun control.”  He wrote back.  I wrote this response.   I actually live on the “West Side” near [omitted.]  My first comment on the Newton matter was to...

Senate Rejects United Nations Treaty, Will Do So Again

A United Nations treaty to ban discrimination against people with disabilities went down to defeat in the Senate on Tuesday in a 61-38 vote. The treaty backed by President Obama and former Senate Majority Leader Bob Dole (R-Kansas) fell 5 votes short of the two-thirds...