Category: Finance
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Gov. Regulation Run Amok: 6,125 New Regs. in 90 Days
It’s Friday morning, and so far today, the Obama administration has posted 165 new regulations and notifications on its reguations.gov website. In the past 90 days, it has posted 6,125 regulations and notices – an average of 68 a day. via CNSNews.com. Shear insanity. Makes me think of the old Guns & Roses song Signs.…
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United Continental Returns TIF Money
United Continental Holdings, parent of United Airlines, is giving back $5.6 million in City of Chicago tax incentives. The incentive money is tied to United’s 2007 move to its corporate headquarters at 77 W. Wacker Drive, along the Chicago River. Because of United’s recent plans to move out of that building and consolidate its headquarters…
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Companies Closing or Laying-off Since Obama Won
An incredible complication of stories over at TheBlaze.com. Here’s a partial list of layoffs announced since the election: Energizer – laying off 1,500 employees Exide Technologies – laying off 150 employees Westinghouse – laid off another 50 employees Research in Motion Limited – laid off about 200 employees Lightyear Network Solutions – laid off more than…
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NYT: Tax Increases Coming (Two Months Late)
Americans’ taxes will rise in a few weeks. Though the direction is clear, the exact amount is yet to be determined. More than a dozen tax cuts are set to expire Dec. 31 and a couple of new taxes are scheduled to start with the new year. Combined, they would affect nearly 90 percent of…
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US Out Of The Top 10 In World Prosperity Index
The Legatum Prosperity Index assessed and ranked the prosperity of 142 countries based on eight sub-categories: economy, entrepreneurship and opportunity, health, governance, education, safety and security, personal freedom, and social capital. via Business Insider. We are now 12th. Embarrassing. No wonder people are leaving in droves.
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Mike Madigan: Speaker King
Democratic Speaker Michael Madigan has many advantages as he tries to extend his nearly uninterrupted three-decade control of the Illinois House. His Democrats have more campaign money. His party has home-state President Barack Obama to drive the vote. Perhaps most important, Madigan drew the district boundaries for each of the 118 House contests that will…
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Dem Governors Force Ins. Premiums Higher
Tens of thousands of homeowners who suffered wind and storm damage this week will get financial relief from rulings by several governors that insurers must treat Sandy as a tropical storm and not a hurricane. … “Whether they call it a hurricane or something else, that translates into the percentage I have to pay to…
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The Coming Bond Bubble (Is Going to be Huge)
Europe is on the ropes as investors shun peripheral euro-area government debt. In the United States, interest rates are fixed at zero, and government bonds are arguably already quite far along in an epic 30-years-and-running bull market. Given the state of global debt markets and the apparent lack of value across the investment landscape, it’s…
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Obama a Real Contributor to Subprime Loan Failures
President Barack Obama was a pioneering contributor to the national subprime real estate bubble, and roughly half of the 186 African-American clients in his landmark 1995 mortgage discrimination lawsuit against Citibank have since gone bankrupt or received foreclosure notices. As few as 19 of those 186 clients still own homes with clean credit ratings, following…