Politics
Politics Articles
Walmart (NYSE: WMT) will add dozens of stores in the Chicago areas and about 12,000 jobs over the next five years. The move has the blessing of the city. “Our city is facing a number of challenges...
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White House Budget Director Peter Orszag is about to resign, perhaps to get married and have a less hectic life. He certainly get a job in the private sector that will pay him several times what he...
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The day has come for Freddie Mac (NYSE: FRE) and Fannie Mae (NYSE: FNM). Freddie Mac has notified the New York Stock Exchange of its intent to delist its common stock from NYSE trading. It is...
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BP Chairman Carl-Henric Svanberg has been asked to meet with President Obama on June 16, and he will accept the invitation. Many critics have maintained that Svanberg has remained aloof from the...
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Betting on carbon capture has been hard to do, and it still may be a stretch for some investors who may have preferred to see smaller companies. Today came the announcement from the Department of...
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The Administration means to make good on its goal to cut $250 billion from the discretionary part of the federal budget over the next decade–a sum that almost all analysts believe is inadequate....
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The caricature of best business practice, exemplified by private equity firms, large corporations, venture capital operations, and Ivy League graduates, is to be deliberate and slow when making...
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The causes of the global financial crisis of 2008 were almost entirely flaws in the credit system based on leverage, exotic financial instruments, and a sharp drop in American housing prices. Just as...
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Warren Buffett may not be immune to the world of political inquiries and those looking for more “What really happened?” answers out there. CNBC and others reported last night that the head of...
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At President Obama’s news conference yesterday, he admitted that he and his administration’s response to the blow-out of the BP plc (NYSE:BP) Macondo well in the Gulf was wrong. At the same time,...
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Back in the liquidity bubble, corporate bond spreads were tight. Very tight. Sometimes as little as 50 or 75 basis points for those deemed a solid investment grade, and sometimes even tighter...
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American presidents became bankrupt at a rate of 20 times or more of the national average. Most of their troubles came from real estate speculation, poor crop yields on the lands they held and...
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Government intervention in the financial markets without your knowledge, and maybe without your support … that is what many feel that the Plunge Protection Team is. A mechanism designed to keep...
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It was only last week that Treasury Secretary Tim Geithner said that the US economy was strong enough to weather the threat of a slowdown in Europe. That seemed improbable because of the size of US...
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Somewhere among all of those hundreds of billions of dollars in budgets from Greece, Ireland, the US, Spain, and Portugal, wasteful spending is hiding. Or, perhaps it is money that is “essential”...
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