The Coming of the Universal Financial Transaction Tax
In the clearest indication yet, a high French government official confirmed last week that an FTT — Financial Transaction Tax — will be implemented by the European Union by...
About: Bob Adelmann
Posts by Bob Adelmann
Latest Numbers from Germany Confirm Recession
The announcement from the German Economy Ministry over the weekend confirmed that the long-awaited European recession has officially begun: German factory orders dropped to the lowest level in three...
First, Borders; Then, Kodak; Now, Barnes & Noble?
When Barnes & Noble announced its awful earnings per share losses on Thursday, it didn’t help any that its losses were so much worse than the company had projected...
The Free Market is Brutal: Kodak Loses; Consumers Win
After 131 years, it appears that Eastman Kodak will be declaring Chapter 11 bankruptcy before the end of the month, according to the Wall Street Journal. It is currently...
Free Market Thinking Inside the Van
Inside the Lucky Dragon van sitting by the curb at the Chinese consulate in New York (left) is a couch, a folding chair, two Mac laptop computers and a...
Ethanol Subsidies Disappear, Mandates Remain
The Washington Post’s editorial celebrating the ending of ethanol subsidies iterated the same free-market positions taken by Rep. Ron Paul (R-Texas) and other Austrian school economists about those subsidies....
ATF’s Private Letter Rulings Indicative of Its Arrogance
Robert E. Sanders, a former official of the Bureau of Alcohol, Tobacco, Firearms and Explosives (still known as ATF) for 24 years and now a board member of the...
Blowing Up the Euro
In her article on Monday, financial journalist Jessica Mortimer said that the euro had just set a new record low against the Japanese yen: Its value is now the...
The Good News: The Bad News Isn’t All Bad
Republican presidential candidate Ron Paul noted on Tuesday that efforts to rein in government spending appeared to be in vain, due to an agreement reached with the White House during...
ObamaCare: More Government, Fewer Doctors
After asking 501 practicing physicians about the future of health care in the United States, The Deloitte Center for Health Solutions’ conclusions were hardly surprising: under ObamaCare: ...
Whirlpool Wants Gov’t to Force Consumers to Pay More
One of the ways that Whirlpool Corporation celebrated its 100th anniversary last year was to file petitions against two of its main South Korean competitors for “dumping” washing machines...
Obamas Anti-gun Agenda Remains Alive and Well
On March 30 of this year, President Obama dropped in to greet Sarah Brady, who was meeting with White House Press Secretary Jay Carney. Sarah is the wife of...
Latest Housing Numbers May be an Aberration
The spate of good news about the economy, headed up by the National Association of Realtors (NAR)’s report that pending home sales increased by 7.3 percent in November from...
Keynesian Economists Rip Obama for Failed Keynesian Policies
The results of a survey by the Associated Press of 36 Keynesian economists — economists who believe that government is the driving force behind a strong economy — are...
New York Times Continues Free Fall
With the latest announcement of its sale of 16 newspapers, the New York Times continues to sell off assets to stay alive. The sale of its papers in Florida, South Carolina,...
Oath Keepers Launches Effort to Recall Members of Congress
In response to the passage by the House and the Senate of the National Defense Appropriations Act of 2012 (NDAA), Stewart Rhodes (left), founder of Oath Keepers, announced a...
Birmingham, Alabama’s Bankruptcy: the Fraud That Will Not Go Away
Mike Shedlock, who has been watching the Jefferson County, Alabama, municipal bond bankruptcy and default closely, has turned up some more fraud. It appears that the original bonds issued to...
Congress Asks IRS to Investigate AARP
Rep. David Reichert (R-Wash., left) along with two other House members has asked the Internal Revenue Service to investigate the American Association of Retired Persons (AARP) for acting more...
Supreme Court Just Might Upset Rent Controls in New York City
When R.S. Radford, a principal attorney for the public interest law firm Pacific Legal Foundation, learned about the ruling against a property owner suffering under New York City’s rent...
Senator Tom Coburn’s Annual “Wastebook” Just Released
Senator Tom Coburn (R-Okla.) introduced his annual report, "2011 Wastebook,” noting, “This report details 100 of the countless unnecessary, duplicative, or just plain stupid projects spread throughout the federal...
