Taxpayers footed the bill for a $465 million loan to troubled electric carmaker Tesla as part of President Barack Obama’s “green energy” stimulus. But Tesla’s CEO Elon Musk is now riding high with the purchase of his new $17 million
If Congress fails to pass the Farm Bill before January 1st, milk prices could rise to $8 a gallon. America could go over the “milk cliff” because of an arcane 1949 provision that could more than double the price of
The number of individuals collecting disability benefits has hit a record high 8,827,795, according to new figures released from the Social Security Administration. On average, beneficiaries receive a $1,130.34 monthly check. The explosion of individuals now applying for federal disability
A new poll by Gallup finds that 77% of American adults identify themselves as Christian. “The United States remains a largely Christian nation,” reports Gallup. “More than nine in10 Americans who have a religious identity are affiliated with aChristian religion.”
Plunging consumer confidence, the rickety economy, and fallout from Hurricane Sandy in the northeast combined to create a disappointing holiday sales season for retailers. “It’s a lost season,” said MasterCard Inc.’s Spending Pulse’s Vice President of Research and Analysis Michael
President Barack Obama says job growth is rising like a rocket, so why aren’t food stamp enrollments sinking like a stone? Mr. Obama claims he has created 33 months of job growth, but an analysis by Breitbart News finds that
The State Department has awarded First Thought Yoga of Arlington, Virginia, a $30,000 contract to administer yoga classes. The State Department yoga program has received rave reviews, according to a testimonial on First Thought Yoga’s website: Iam a State Dept.
Roughly 50,000 General Motors union workers will receive bonuses of between $5,500 and $7,000 to close out 2012, say sources familiar with internal discussions between United Auto Worker officials. In 2009, General Motors scored a $49.5 billion bailout from the
American Civil Liberties Union Legislative Counsel Gabe Rottman says that cracking down on violent video games in the wake of the Newtown, Connecticut, massacre would be a step in the wrong direction. The group says that just because Adam Lanza,
Public pension funds may have racked up over a trillion dollars in unfunded liabilities, but their ability to muscle private equity around may be stronger than ever. Last week, the California State Teachers Retirement System (CalSTRS), which has $751.4
The holiday hiring season typically depresses the number of Americans applying for unemployment benefits, but not in the Obama economy. The U.S. Department of Labor says that for the first time in four weeks, jobless unemployment benefit applications rose, jumping
Having spent his first term bashing credit card companies and the mega rich, President Barack Obama is considering adding a credit card company CEO worth $125 million to his cabinet. American Express CEO Kenneth Chenault reportedly tops the White House
In 2009, President Barack Obama proudly banned corporations from donating to his inauguration festivities. But now, with his second term assured, Mr. Obama has decided to open up the corporate cash spigot and is enlisting the “one percent” to help
An independent U.S. Government foreign assistance agency funded by the U.S. Congress is offering a $378,000 contract to host workshops with members of the Chinese shale gas industry to “help introduce Chinese energy sector officials and project sponsors to U.S.
America may yet “frack” its way to prosperity. According to Dow Chemical, in the past two years, manufacturers have poured $90 billion in U.S. investments into natural gas, sparking what the Financial Times calls a “shale revolution” that “appears to
By 2020, American women will control over half ($22 trillion) of U.S. household assets. That’s the finding from a new report titled “Women and Wealth: The Invisible Opportunity” conducted by Wells Fargo’s First Clearing brokerage and the Cannon Financial Institute.
Nike employees donated almost four times as much to President Barack Obama’s campaign as to Governor Mitt Romney, but the Oregon-based sneaker manufacturer appears uninterested in paying its “fair share” of corporate taxes. Democratic Governor John Kitzhber gave Oregon legislators
If you can’t beat them, buy them. That has been the Obama Administration’s cronyism strategy with corporate America, showering bailouts, government grants, and other crony perks along the way. Employ Occupy Wall Street rhetoric publicly, but cut corporations into big
A top GOP legal adviser to several House and Senate Republicans says the Republican National Committee’s newly formed panel to study the GOP’s failed 2012 election strategy must focus on rooting out cronyism among the party’s consultant class. “Until Chairman
An eye-opening report contends that an 18-member group made up of the world’s most powerful central bankers–five of whom hail from the Massachusetts Institute of Technology (MIT)–conducts six meetings a year to fashion a “high-stakes experiment” to avert global economic
In an unprecedented and surprising move, the Federal Reserve announced on Wednesday that it will keep interest rates near zero and will purchase $85 billion in bonds every month until unemployment falls from its present 7.7% to 6.5%. The new
With 21 days to go before America zooms over the “fiscal cliff,” erasing the Bush tax cuts and slashing military spending, the one glowing question mark remains how the stock market will react. “The truth is that we don’t know
A Chinese company has won an auction for an American electric car battery company partly financed with a $249 million taxpayer-funded government grant. Last week, Wanxiang, one of China’s largest non-government-owned businesses, won the auction for failed battery maker A123
In an eyebrow raising article, liberal New York Times columnist Nicholas Kristof offered a startling concession: “This is painful for a liberal to admit, but conservatives have a point when they suggest that America’s safety net can sometimes entangle people
On Thursday, an illegal alien living in Illinois received a free kidney transplant paid for by Loyola University Medical Center. “Why can’t we be treated the same?” said Jorge Mariscal, 24, after the operation. “Health care should be a human
