Tag: Goldman Sachs

Curing Diseases Is Sustainable, Government in Healthcare Is Not »

While Americans have every reason to be concerned about their healthcare, the belief that private medical companies will not develop and produce products that cure various conditions is unwarranted.

More “Green” Energy Cronyism and Corporate Welfare »

The New York Times reports in “A Gold Rush of Subsidies in Clean Energy Search” that NRG Energy is receiving nearly $1.6 billion in government subsidies for its new compound in California of almost one million solar panels. The Times further notes that: Similar subsidy packages have been given to 15 other solar- and...
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More on the Climate Government-Industrial Complex »

To follow up on my earlier posting, “The Climate-Industrial Complex,” award-winning meteorologist Brian Sussman has a helpful, new article at American Thinker, “Carbon Cronyism: Why Cap-and-Trade Is Not Dead Yet.” Author of the new book, Climategate: A Veteran Meteorologist Exposes the Global Warming Scam, Sussman details some of the key, interlocking business and government...
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Ben Bernanke Must Go »

Ben Bernanke’s four-year term as Chairman of the Federal Reserve System ends on January 31, 2010. In a story published on August 12 and headlined “Economists Call for Bernanke to Stay, Say Recession is Over”, Wall Street Journal reporter Paul Izzo writes that “economists are nearly unanimous” in recommending that President Obama reappoint Mr....
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Crony Capitalism »

News item: Goldman Sachs surprised even optimistic analysts with a $3.44 billion profit for the three months to June, almost 90% more than the previous quarter. Profits were also up at JP Morgan Chase, which announced second-quarter profits of $2.7 billion on July 26th, which were 36% higher than a year ago. (“The World...
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Economists’ Pro-Fed Petition Discredits Its Signers »

A passel of bigwig economists has signed a petition urging Congress and the executive branch “to reaffirm their support for and defend the independence of the Federal Reserve System as a foundation of U.S. economic stability.” In support of this defense of the Fed against those now challenging the secrecy of its undertakings and,...
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