Karl Marx famously said that historical events occur twice, first as tragedy and the second time as farce. Truer words were never spoken of John McCain's new-found support for a Mortgage and Financial Institutions (MFI) trust, the very type of agency he strenuously opposed until just this week. But completing the tragic-comedy is the fact […]
Category: Business
As the Senate Judiciary Committee prepares to debate the renewal of FISA revisions made in August, President Bush and his Republican allies in Congress are endorsing a unique double-standard when it comes to immunity for telecommunications firms. Within the United States, they argue, service providers such as AT&T and Verizon must cooperate with U.S. government […]
In Washington Tuesday, members of the House Foreign Affairs Committee savaged Yahoo CEO Jerry Yang and General Counsel Michael Callahan for the company's involvement in the 2005 jailing of a Chinese dissident. But if their bipartisan criticism of Yahoo's behavior - cooperating with a Chinese government "subpoena-like document" to supply information about journalist accused of […]
On the campaign trail in Michigan on Saturday, GOP White House hopeful Mitt Romney announced his support for more seasonal visas for foreign workers laboring in tourism, agriculture and other sectors of the economy. As well he should. After all, Romney routinely hired illegal aliens to do the landscaping for his tony Boston area home. […]
As the Washington Post reported this week, Internet giant Google has deployed a substantial lobbying team in the nation's capital. The company, whose corporate mantra is "Don't Be Evil," hopes to avoid Microsoft's anti-trust woes of the 1990's by getting its hands dirty in the gritty world of Washington politics. Of course, when it comes […]
In Washington this week, the Senate will take up the Employee Free Choice Act (EFCA). Passed by the House 241-185 in March, EFCA would make it much easier for unions to organize. Predictably, red state Republican Senators backed by an alliance of business groups led by the U.S. Chamber of Commerce will likely prevent the […]
If anyone had any lingering doubts about the unique role of Google as a social, cultural and political force in the United States, a Friday appearance by John McCain at its company headquarters should put them to rest. The special forum hosted by CEO Eric Schmidt let GOP White House hopeful McCain bring his views […]
With Sunday's announcement of its headquarters relocation to Dubai, Halliburton completed its transformation from mere war-profiteer to corporate traitor. The motivations for the move are simple: death and taxes. Shifting its corporate headquarters not only allows Halliburton to shaft American taxpayers. It enables Dick Cheney's old firm to comfortably expand its large and growing business […]
With each passing week, Americans are provided more insight into the deeply flawed character and mounting sins of their President. The latest comes in the form of a study by the Center for Academic Integrity at Duke University showing that more MBA students cheat than those pursuing other professions. In what should come a surprise […]
Despite grandiose claims from the White House regarding the strength of the U.S. economy, a flood of new data helps explain Americans' continued feelings of insecurity. While the unemployment rate (4.7%), GDP growth (2.9%) and productivity gains (2.3%)look impressive, below the surface the picture for wages and income grows bleaker still. Whether the incumbent Republicans […]