Charles Koch Speaks Out Against Crony Capitalism
The brothers Charles and David Koch, owners of energy conglomerate Koch Industries, have come under assault from the left in recent days for supposedly playing a shadowy role in the budget battle that is wrecking havoc in the state of Wisconsin. The Republican governor of Wisconsin has taken on public sector unions in his state, seeking to deprive them, in part, of their collective bargaining | Read More »
Government Workers of the World Unite!
The Economist reports that the past thirty years have been dismal for the labor movements of the world. In the United States, just 7 percent of the private sector workforce belongs to a union today, down from a third in 1979. In Britain, the decline was similarly dramatic. Across the developed world, less than one in every five workers is still a union member. There | Read More »
Democrats Blame Deregulation For Crisis
The Financial Crisis Inquiry Commission (FCIC) that was established in the spring of 2009 to explore the causes of the previous year’s financial meltdown, released its findings today. What was to blame for the crisis, they say? Widespread failures in financial regulation, including the Federal Reserve’s failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting | Read More »
Who’s Afraid of Big Media?
The Federal Communications Commission (FCC) and the United States Justice Department today approved a merger of Comcast, the nation’s largest cable and Internet provider, with NBC Universal which is owned mostly by General Electrics (GE). Comcast and GE announced their buyout agreement for NBC in December 2009. Comcast intends to own 51 percent of NBC while GE will retain 49 percent of its shares. Regulators | Read More »
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