There’s a proposal out there to split the state of California in half. The fifty-first state would be named South California and encompass the city of San Diego and conservative countries whereas Los Angeles, San Francisco and the more liberal northern parts of the state would continue to be governed from Sacramento. The proposed fifty-first state would be the fifth largest by population in the | Read More »
From the diaries by Leon… Defending his administration’s push to enhance regulation of private enterprise, President Barack Obama told a Chamber of Commerce audience on Monday that companies have a responsibility to ensure that everyone profits from their expansion. If we’re fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. | Read More »
President Barack Obama denied vilifying businesses at a CNBC town hall event in Washington DC on Monday. He praised the free market system instead, claiming that he wants government to “get out of the way” of innovation and job creation. The president has been criticized fiercely in recent months from both within the business community and the Republican opposition about his apparent war on capitalism. | Read More »
Amid all the anticapitalist rhetoric espoused by policy and opinion makers alike, few businessmen dare rise up to the challenge and defend the free market outright. Gregg Sherrill, Chairman and CEO of Tenneco, Inc. is a notable exception. With capitalism under persecution worldwide, the business community has in part itself to blame. As accusations of greed and selfishness are thrown around, renowned bankers and captains | Read More »
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