The government now says that taxpayer bailouts of Fannie Mae & Freddie Mac could reach $363 billion by 2013. Of course we are supposed to thank Harry Reid for staving off a “world wide depression” too. Full story on the Fannie / Freddie bailouts here . Also check out the Bailout Reader from
Stone mentions in the CNBC interview below that he didn’t take Chavez’s word, he talked to 7 other presidents in the region. Perhaps he should have spent less time talking to presidents and more time talking to the people standing in long lines desperately trying to acquire food. See A fantastic article from the Telegraph details the catastrophe
I need to put on a hat just so I can take it off to GM’s spin doctors. They are clearly among the best in the world. What other company can claim that losing $1.2 billion in a mere 3 months while planning to use government money to repay a government “loan” is a sign of a healthy and recovering enterprise? Read the full article here
Ford is busy touting the latest Consumer Reports ratings. It is entirely understandable. Ford (F) managed to achieve an expected reliability rating of “average or better than average” for 90% of its vehicles by 2010. Contrast this with GM’s pitiful 44% of vehicles achieving the same rating and Chrysler’s abysmal 38%. Sure there are claims of some
Verizon has recently been on both ends of the contemptible U.S. antitrust law. The company has been the victim of antitrust laws and is now attempting to use them against competitors. Despite the fierce competition between the four dominate wireless providers (Verizon, AT&T, Sprint Nextel & T-mobile) as well as numerous smaller firms, the
Considering all that is going wrong in Zimbabwe, 10 sextillion percent inflation, 90% unemployment, mass starvation, and disease, it is hard to imagine that the new unity government could do anything that would worsen the situation. Unfortunately, they have found a way to make things worse. The BBC reports that in the last 14 days, the new unity
It is often useful for Americans to look toward Europe for a portent of things to come, at least with respect to the political climate. Recently the Dutch Labour MP introduced a rather disturbing new bill for consideration. This despicable piece of legislation seeks to grant the government the power to forcibly sterilize women. Brief Summary of
What is the Mises Institute?
The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.
Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.