01/07/2013 - 08:55
The final tally is in for 2012 Chevy Volt sales. The good news (which is what most headlines will trumpet) is that sales for General Motors' flagship green vehicle tripled from 2011's paltry 7,671 to a slightly less paltry 23,461 in 2012. The bad news is that the number is almost half of GM's sales goal of 45,000 in 2012 for the Volt. The further bad news is that the Volt has so little demand in most regions that some dealerships are refusing to pay for required tools to repair the vehicles and are choosing to cease selling the vehicles instead.
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The New York Post
01/02/2013 - 19:59
The “fiscal cliff” agreement was not only
4,514 reads
"Is the Federal Housing Administration the next bailout?" The question has become all too common these past several months. It's also the title of a policy forum held December 13 at the free-market Cato Institute in Washington, D.C. Based on the evidence, it would be hard to avoid concluding "yes." Three speakers highly familiar with the workings of FHA - Mark Calabria, Edward Pinto and Michael Frantantoni - explained why the mortgage insurance agency is a prime candidate for a first-time-ever dose of taxpayer support. FHA, part of the U.S. Department of Housing and Urban Development, aggressively ramped up activity following the banking collapse of 2008.
01/01/2013 - 10:48
The more the media covers the "fiscal cliff" fiasco, the more perspective is lost. It is really quite simple. Because the Republicans unilaterally jettisoned their trademark anti-tax stance, they will get nothing in return. The Democrats are not going to cut spending. In fact, the new tax revenues will fuel new spending, that will be leveraged into even more debt.
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The past year was a dismal one for the passé idea that government would use taxpayer dollars responsibly, and that was nowhere more evident than with
12/29/2012 - 14:31
3,886 reads
12/28/2012 - 09:00
Amidst its ongoing financial problems and search for a “strategic alliance” that it says is not an attempt to sell the company,
4,630 reads
12/24/2012 - 12:44
Working for the federal government carries an implicit agreement: Employees serve the taxpayers who make their jobs possible. Yet an apparently significant and growing portion of employees are using time on the job to conduct union-related activity. The U.S. Office of Personnel Management (OPM) recently estimated that federal workers during Fiscal Year 2011 spent a combined 3.4 million hours on the job conducting union business at a cost of $155 million. These figures represent increases of 11 percent and 13 percent, respectively, over the previous year, well larger than the previous year's increases.
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