News
New Chrysler Battling Old Defects
The Wall Street Journal
May 10, 2012
Through bailouts and bankruptcy, there is one liability that Chrysler Group LLC hasn't yet managed to shed: its reputation for lousy quality.
U.S. Trade Deficit Widens
The Wall Street Journal
May 10, 2012
The U.S. trade deficit widened in March, with a wave of oil imports and Chinese goods proving enough to overwhelm record-high exports.
Global Economy Faces a ‘Perfect Storm’ in 2013
CNBC
May 09, 2012
A "global perfect storm" looms for 2013 in which the U.S. economy could fall back into recession and the euro zone will begin to break up, according to the latest gloomy forecast from economist Nouriel Roubini.
Fed Allows Three Chinese Banks to Expand in U.S.
The Wall Street Journal
May 09, 2012
The Fed approved Industrial & Commercial Bank of China’s acquisition of the Bank of East Asia’s U.S. banking subsidiary with assets of $780 million and 13 branches in New York and California.
America and the Value of ‘Earned Success’
The Wall Street Journal
May 09, 2012
I learned to appreciate the American free enterprise system by quitting a job in Spain. At age 19, I dropped out of school to pursue a career as a French horn player. After a few twists and turns, I wound up in the Barcelona Symphony, which was a Spanish government job.
No ‘Barn Burner’ for Job Growth
CNBC
May 08, 2012
Uncertainty surrounding the economy, combined with a lack of qualified workers and improved efficiencies with current operations are among the reasons cited in two separate surveys as reasons why job growth in the U.S. has stalled.
Jobs Report Shows Obama’s Economy Is Not Like Reagan’s
Washington Examiner
May 08, 2012
In April 1984, the U.S. economy added 363,000 jobs. Unemployment fell to 7.7 percent after a high of 10.8 percent in November 1982. After the most severe recession since World War II, the economy surged, with gross domestic product growing at an astounding 7.4 percent annual rate. In that context, President Reagan was able to ride the healthy economy to a 49-state landslide in November.
Can’t Get No Respect
The Wall Street Journal
May 08, 2012
President Obama's regulatory agenda rarely inspires sympathy, but it does have its lighter moments when you have to feel sorry for the guy: No matter how much running room he gives to his crowd at the Environmental Protection Agency, they can never be happy. Read on for the story of the $1 billion rules, the leaked emails and the green bureaucrats who can't keep the White House on message.
Obama’s Welfare-State Utopia: Never Never Land
Washington Examiner
May 07, 2012
The Obama campaign last week unveiled a new interactive feature supposedly showing how a fictional girl named "Julia" would benefit from President Obama's policies over the course of her lifetime. The result was an ode to government dependence and a celebration of the cradle-to-grave welfare state. In the Obama campaign's script, Julia enrolls in Head Start as a toddler, uses government student loans, gets Obamacare subsidies throughout her working life, and lives off Social Security and Medicare in old age.
Vote in French Presidential Election Should Be a Warning for America
The Hill
May 07, 2012
The French have now elected a socialist government. This event should be instructive to us.