Congressional Investigator: More Solar Bankruptcies to Come

A top congressional investigator said on Tuesday that he believes more companies that benefitted from the stimulus bill’s renewable energy loan guarantee program will go bankrupt before all allotted funds are spent. The program, which guaranteed a $535 million loan to Solyndra before the company declared bankruptcy last week, still has $8-10 billion in authorized […]

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Another Loss for Obamacare

This afternoon, the District Court for the Middle District of Pennsylvania became the latest court to strike down the Patient Protection and Affordable Care Act’s (Obamacare) individual mandate, holding that “[t]he power to regulate interstate commerce does not subsume the power to dictate a lifetime financial commitment to health insurance coverage.” The challenge was brought […]

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Simple Steps for Super Committee Transparency

Roll Call carries op-eds today from the Ripon Society and Heritage debating the merits of Super Committee transparency. Ripon’s Lou Zickar thinks the Joint Select Committee on Deficit Reduction would benefit from privacy. I argue that’s exactly the wrong approach for the most powerful committee in congressional history. As the Joint Committee prepares for its […]

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Obama Administration Approves a Taliban Embassy in Qatar…

The Obama administration kept tight-lipped Monday following reports that the Obama Administration has given its blessing for the Taliban to be brought in from the cold with what they think will be towards reconciliation with the US-Taliban relations. This happening as the world paused to mark the 10th anniversary of the 9/11 attacks. Washington has […]

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Obama’s Jobs Plan is ‘a Complete Joke’

President Barack Obama’s recently unveiled $447 billion job-creating bill is “a complete joke” and won’t work because the economy needs less spending not more, says Marc Faber, editor of the Gloom, Boom and Doom report. The package is “another complete failure of Keynesian economics and corrupt interventions,” Faber tells CNBC.com. “This all amid talk of […]

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Unemployed Could Soar 40% to 35 Million

(MoneyNews) Economist and former Secretary of Labor Robert Reich says that unless the government takes swift and intelligent action, the number of unemployed could soar from 25 million to 35 million, and President Barack Obama’s jobs plan doesn’t cut it. “I would rather that (Obama) came up with a jobs plan that the Republicans would […]

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Europe Is Days Away From Disaster

(MoneyNews) Economist Barry Eichengreen says Europe doesn’t have months, much less years, to resolve its crisis because it’s mere days away from disaster. “At this point, it has only days to avert the worst,” Eichengreen writes in Project Syndicate. “It is critical that leaders distinguish what must be done now from what can be left […]

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Texas Coal Company Announces 500 Layoffs, Sues to Block EPA Regulation

It was sadly ironic that Texas energy company Luminant announced it would lay off 500 employees on the same morning that President Obama unveiled legislation designed to promote job growth. The company said that a new rule from the Environmental Protection Agency will force it to cease operations at two electricity generating plants, and close […]

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Israel Will React Forcefully to a Palestinian Attack

“The Palestinians do not want to adhere to their commitments and refuse to recognize that any final agreement will be an end to the conflict,” said Minister for Strategic Affairs Moshe Yaalon Monday at the Interdisciplinary Center’s 11th Conference on Terrorism. “We must recognize,” he stressed, “that surrendering to terror will bring more terror and […]

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Interpol Issues ‘Red Notice’ for Qaddafi

The International Criminal Court at The Hague has asked Interpol to arrest former Libyan dictator Muammar Qaddafi on charges of carrying out crimes against humanity. Chief Prosecutor Luis Moreno-Ocamo asked the international police organization to issue a worldwide “red notice” for the former Libyan strongman, as well as for his son and heir apparent, Seif […]

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