The House passed the most “ambitious restructuring” of federal financial regulations since the New Deal on Friday, this is certainly a direct hit at free world capitalism. The sprawling legislation would give the power hungry government new powers to break up companies that threaten the economy, create a new agency to oversee consumer banking transactions […]
By Matt Cover, Staff Writer House Majority Leader Steny Hoyer and House Speaker Nancy Pelosi arrive for a press conference after House passage of the health care reform bill at the U.S. Capitol on Saturday, Nov. 7, 2009. (AP Photo/J. David Ake) (CNSNews.com) – House Speaker Nancy Pelosi (D-Calif.) endorsed the idea of a […]
Virgin Galactic unveils commercial spaceship LOS ANGELES – A spacecraft designed to rocket wealthy tourists into space as early as 2011 was unveiled Monday in what backers of the venture hope will signal a new era in aviation history. The long-awaited glimpse of SpaceShipTwo marks the first public appearance of a commercial passenger spacecraft. The […]
Vince Veneziani- Japan denies it, but rumors persist that the country may dump Treasuries. Bloomberg continues to fan the flames. Bloomberg: Speculation that the Japanese government plans to sell $100 billion of U.S. Treasury debt to pay for domestic spending may impede the Obama administration’s borrowing plans. Japan has been this year’s biggest buyer of […]
Mr. President, here’s how to lift our economy By Mitt Romney Today’s White House jobs summit comes too late for millions of Americans who through no fault of their own have lost their jobs, their homes, their savings and, in many cases, the self-esteem and self-respect that come from work. Like other presidents before him, […]
AIG Slashes US Debt Under Deal With New York Fed Bailed-out insurer AIG said on Tuesday it had closed a pact with the New York Federal Reserve that slashes its debt under a credit facility by more than half, to $17 billion. This is the same AIG that spend nearly $500,000 of our bailout money […]
AMAC vs. AARP – David vs. Goliath There are two organizations representing citizens 50 plus. AMAC, the Association of Mature American Citizens has 10’s of thousands of members AARP has 26 million Members. The leadership of AARP has proven themselves to be a liberal leaning group that endorsed expensive Obamacare, without the consent of their […]
Nov. 29 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke said curbing the central bank’s authority to supervise the banking system and tampering with its independence would “seriously impair” economic stability in the U.S. “A number of the legislative proposals being circulated would significantly reduce the capacity of the Federal Reserve to perform its core […]
