Economy
Jim Manzi does good work for all of us in GM’s Magical Thinking: I’ve been working my way through GM’s much-heralded restructuring plan that is being submitted to Congress tomorrow. It’s a lot less work than I thought it might be (though I’m blogging late at night as I’m reading it, so all of my…
As a long-time turnaround professional, I deal all the time with companies which only have enough cash left to maintain operations for a limited number of months. It is a setting which requires intense focus, an unrelenting sense of urgency, and the ability to take decisive actions on many, many fronts – usually all at…
Russ Harding is skeptical of the persistent claims about “green jobs” being an economic stimulus: Economic prosperity requires that we have access to both reliable and affordable energy to heat our homes and power our factories and vehicles. A steep run up in energy costs coincided with an economic recession in the 1970s and is…
Jonah Goldberg summarizes for the nation the frame of mind that Rhode Island should take in these tough economic times: … rather than blow money on a lavish reenactment of the New Deal, or continue bailing out undeserving corporations, why not really think outside the box? Rep. Louie Gohmert (R., Texas) suggests an across-the-board reprieve…
On last night’s Matt Allen show, Don explained why bankruptcy isn’t such a frightening thing — and far preferable to business restructuring as performed by congressional Democrats. Stream by clicking here, or download it.
Continuing the earlier discussion about the Detroit bailouts, there is a broader debate taking shape: Obama Chief of Staff Hopes to Exploit the Economic Crisis to Expand the Growth of Government: In earlier posts I have emphasized the risk that the combination of economic crisis and unified Democratic control of Congress and the White House…
Bryant University Assistant Professor of Economics Edinaldo Tebaldi steps around an important consideration with the following: During recessions, the government often acts as a “buffer” to help revive the economy, Tebaldi said, by increasing spending to generate jobs and boost economic activity. But state government is actually “doing the opposite” by cutting personnel and programs…
Continuing the previous discussion here and here about what should be done about the (formerly) “Big 3” automakers, the Editors at National Review offer their thoughts: Bailout or bankruptcy? For General Motors, the answer is — yes. But mostly the latter. There is no saving GM in its present state and no good argument for…
According to this report, Rhode Island is making headway in the “new economy.” As reported by the PBN: Rhode Island moved up to 11th place in the 2008 State New Economy Index released today by the Ewing Marion Kauffman Foundation and the Information Technology and Innovation Foundation (ITIF)….This year’s report cited the state’s R&D tax…
With a H/T to Rossputin, here is Father Sirico of the Acton Institute offering his assessment of the current state of economic thinking: …That when one divorces freedom from faith both freedom and faith suffer. Freedom becomes rudderless (because truth gives freedom its direction). It is left up for grabs to the most adept political…