Author Archive for Bob Adelmann
Bob Adelmann holds a Master’s degree from Cornell University with a major in Economics and Finance. He is an author of numerous articles for conservative websites and magazines such as The New American. He also presents workshops for small business owners around the country on “Small Business Marketing Strategies That Work!”. Bob and his wife Mary live in Colorado Springs.
Finally, a Sensible Solution to Unemployment
When Kevin Hassett, director of economic-policy studies at the American Enterprise Institute, wrote in Bloomberg.com that “the biggest problem with the labor market right now is that wages are too high,” it was the first positive sign of intelligent life in the mainstream media in some time.
Will the U.S. Bail Out Kabul Bank?
The bank run at Afghanistan’s largest bank, Kabul Bank, was precipitated by the takeover of the bank by Da Afghanistan Bank, the country’s central bank, last week. By Friday nearly all of its currency reserves and most of its capital had been withdrawn by nervous customers, with no end in sight.
Why Reich is Wrong
Reich appears to have all the credentials for knowing what he is talking about: degrees from Dartmouth College, Yale Law School, and a Rhodes Scholarship to Oxford University. An early indicator that something might be wrong with his thinking, however, was revealed in his blog in April, 2008, when he publicly announced his support for Obama in the presidential election.
Obama Needs Your 401(k) to Balance His Budget
…since the day of his inauguration, Barack Obama and his congressional co-conspirators have consistently and unapologetically set out to systematically nationalize the economy of the United States: first the banks; then the insurance companies; then the auto industry; then healthcare; and now the pièce de résistance, the private savings accounts of millions of middle-class Americans.
SEC Charges NJ With Cooking the Books
Notable in the statement from the Securities and Exchange Commission (SEC) last week that it was charging the State of New Jersey with securities fraud was the lack of fines, punishment, or names of the guilty. The fraud began in 2001 and wasn’t uncovered until the New York Times exposed it in April of 2007.
Gun-Control Laws Challenged After Supreme Court Ruling
Although both the National Rifle Association (NRA) and the Brady Campaign to Prevent Gun Violence applauded the ruling by the Supreme Court, they differed in how that long list of legal challenges will play out in the courts.
How Relevant Is Ayn Rand Today?
It was news to many when Scott Powell announced that an obscure novel published in 1957, Atlas Shrugged, “may be second to the Bible as the most influential book read in America.” His statement that BB&T, the 12th largest bank in America, which resisted taking TARP bailout funds, requires reading of that same book as part of its management training program astonished many more.
Mortgage Summit: No New Ideas
Treasury Secretary Timothy Geithner made it clear from the start that the private market would have no influence on the conversation: “We will not support returning Fannie and Freddie to the role they played before conservatorship [in September 2008] where they fought to take market share from private competitors while enjoying the privilege of government support. We will not support a return to the system where private gains are subsidized by taxpayer losses.”
Fed’s Bernanke Running Out of Options
When Fed Chairman Ben Bernanke speaks on Friday at the Fed’s annual meeting in Jackson Hole, Wyoming, Fed-watchers from around the world will be hanging on his every word, phrase, and nuance for clues. They’ll be listening to hear that the chairman knows what’s happening in the economy, and that if things get worse, he has a plan.
Fiscal Challenges: A Way Out
Despite Ferguson’s discouraging appraisal, he failed to remind his audience of what happened in New Zealand in the late 1980s and ’90s. Maurice McTigue, a former member of the New Zealand Parliament, made a presentation at Hillsdale College in 2004, outlining his country’s successful ability to “step back from the brink” of financial disaster. In his remarks, he said:
