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Lehman Bros. stockholders must be getting ready to file a class-action suite after this morning’s news (from MarketWatch): Citigroup shares jumped by more than 50% Monday morning after the U.S. government agreed to rescue the nation’s once largest bank and the pioneer of the one-stop-shop for business and consumer financial services in an eleventh-hour, $326 […]
The powers of Presidents are often over-exaggerated. They are not, as many people seem to believe, king of the country. Our 3 branch separation of powers places firm limits on what the President can unilaterally do or change. This means that even if a President wants to change something, he may not have the “political […]
“A friend of mine from the States sent me an email the other day,” says Chad Rigetti, VP of Business Development for Intrade, from its Dublin headquarters. “It said: ‘Someone should do a study on how all the American liberals are obsessively logging in to Intrade to view their electoral prediction map. Doctors are going […]
There are numerous studies out indicating severe media bias in favor of Barack Obama this election cycle. That story has been overplayed at this point, and I really won’t weight in. Some people argue that fairness in the media requires equal positive and negative coverage. Some people argue that it’s natural and acceptable for media […]
As a former tax accountant, it annoyed me last week to hear all the noise about higher taxes for small businesses. First of all, what is a small business? According to the Small Business Association, it’s “one that is independently owned and operated and which is not dominant in its field of operation”. I read […]
As a small business owner who voted for George W. Bush in the previous two elections, I am endorsing Barack Obama for President. Unlike Joe The Plumber, who has no small business, I actually own and operate a small business that currently employs 12 Americans. And it makes me proud to know that I am […]
Joe the Plumber is doing darn well for a guy from Main Street. While everyone else loses money, Joe is worried about being taxed as a “rich” person. Joe was John McCain’s new poster child for the all-American small business owner last night. A plumber from Ohio (or a non-Ohio voter planted by Karl Rove? […]
Capitol Hill, speaking through the channel that is Paul Kanjorski, says the bailout bill is pretty much complete and headed for the President’s desk. From Politico: Democratic Rep. Paul Kanjorski said passage of proposed bailout legislation was “almost an accomplished fact” in an interview on CNBC Thursday morning. “The package is basically done, the hard […]
So far, it looks like the House listened to dismayed taxpayers, and isn’t allowing the Treasury’s $700 billion bailout plan to pass without quite a bit of scrutiny. For a summary of Paulson’s and Congress’ bailout plans, see this AP article. From the New York Times: Asserting that the plan would allow Mr. Paulson to […]
Monday HeroBuilders.com started selling three versions of a Sarah Palin action figure. While the company also sells John McCain and Barack Obama dolls, the Palin move demonstrates several Superhero business qualities. Quick ResponseThe ability to make a decision to move forward is key any successful business. The team at Hero Builders had to make […]
The divide between presidential candidates John McCain and Barack Obama doesn’t end with years and ideology. It also exhibits itself through the Internet. According to an MIT Technology Review article written by David Talbot, Barack Obama has managed to create the best online political machine the nation has ever seen. John McCain, on the other […]
The Iraq war is many things to different people. It is called a strategic blunder and a monstrous injustice and sometimes even a patriotic mission, much to the chagrin of rational human beings. For many big companies, however, the war is something far different: a lucrative cash-cow. The years-long, ongoing military effort has resurrected fears […]
