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Vallejo, California, is on the verge of its second bankruptcy, primarily because of its unwillingness to negotiate its pension plans' terms.

In 2008, many banks were deemed “too big to fail,” and government (taxpayers) bailed them out. Since then, bankers and bureaucrats have insisted the money keep flowing.

Economic ignorance and union influence will force Scranton, Pennsylvania, into Chapter 9 bankruptcy. 

The Heritage Foundation tracks the continuing decline in economic freedom of the United States, placing it now just behind Estonia and just ahead of Bahrain.

The free market continues to stay at least one step ahead of the regulators, this time with incandescent light bulbs.

The Washington Post, one of the premier mouthpieces for the establishment, is facing a tsunami of criticism and calls for full disclosure after the newspaper’s new owner, Amazon CEO and Bilderberg luminary Jeff Bezos, secured a $600 million contract with the U.S. Central Intelligence Agency for “cloud” services. According to critics, the Washington Post boss’s CIA ties represent a serious conflict of interest that, under basic ethical standards in journalism, must be disclosed to readers — at least whenever the paper is reporting on the “intelligence community” and its activities. So far, however, the Post has not publicly announced whether or not it will acknowledge what analysts say is a cut-and-dry conflict of interest.

Since 2007, private-sector employment has declined in almost all states, leaving government with an ever-larger share of the labor force, according to a new study.

Various government agencies are discussing the possibility of regulating Bitcoin, but some experts say that Bitcoin's decentralized nature makes it difficult if not impossible to regulate.

The last standing primary lead smelter in the United States will be closing in December — thanks to the federal Environmental Protection Agency’s continuing war on American industry. As a consequence, the costs of batteries, ammunition, and hundreds of other lead-dependent products will climb.

President Obama has claimed that America is well on its way to economic recovery, but if job figures, incomes, inflation, and debt are any indication, he’s wrong.

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