Economy
California's Economic Implosion | Print |  E-mail
Written by William F. Jasper   
Friday, 03 July 2009 14:00

Golden Gate artworkCalifornia, the "Golden State," is not golden anymore. It has the biggest debt, the biggest budget deficit, the lowest bond rating, and (arguably) the highest taxes of any state in the union.

 
Calif. Bonds Totter as State Issues IOUs | Print |  E-mail
Written by William F. Jasper   
Friday, 03 July 2009 12:30

Schwarzenegger at budget news conferenceBack in February, California politicians and taxpayers received a wake-up call, but, apparently, the alarm wasn't loud enough to wake them.

 
Obama Wants Consumer Financial Protection Agency | Print |  E-mail
Written by Charles Scaliger   
Thursday, 02 July 2009 16:00

credit cardThe Obama administration on June 30 unveiled its latest attempt to put an end to the free market in financial services in the United States.

 
Wal-Mart Backs Employer Insurance Mandate | Print |  E-mail
Written by Steven J. DuBord   
Wednesday, 01 July 2009 20:00

Wal-MartWal-Mart on June 30 sent a letter to President Barack Obama stating its support for the federal government forcing all employers to provide insurance for their employees.

 
473,000 Jobs Lost in June

unemploymentThe ADP National Employment Report estimated that the national economy shed some 473,000 jobs in June, which may be enough to bring the national unemployment rate to the 10-percent threshold once official figures are tallied later in the month.