From the WSJ RTE Blog:
Dear Santa
It is with regret that I am serving you with a Section 415 Cease and Desist order in the matter of delivery of gifts and/or presents on the occasion of the Night Before Christmas on behalf of Mr. and Mrs. Dean (hereafter “My Parents”).
My Parents note the following violations of [...]
The Treasury Department has decided to retain its full stake in Citigroup after the stock offering today was priced below the Treasury’s break even price (via WSJ):
The U.S. government abruptly shelved plans to start trimming its 34% stake in Citigroup Inc., after investors demanded a price so low that the Treasury Department would have lost [...]
President Obama held a press conference yesterday and declared that insulation was sexy:
NEW YORK (CNNMoney.com) – President Obama proposed a new program Tuesday that would reimburse homeowners for energy-efficient appliances and insulation, part of a broader plan to stimulate the economy.
The administration didn’t provide immediate details, but said it would work with Congress on crafting [...]
I opposed the stimulus plan passed earlier this year based on economic principles. Having government take money from the private sector and spend it on the whims of politicians holds little hope for generating economic growth. The argument in favor of stimulus spending is that money spent by the public sector is more useful to the [...]
