These bailouts are an awful idea -- the worst of K St. capitalism (== kapitalism) inviting an insanely bad future for the industries affected. If there's one thing worse than Detroit managed by the managers who have been driving the American auto industry into the ground for the past three decades, it is Detroit managed by politicians.
People speak about this as if not bailing out Detroit means automobile production in America ends. That's not what failing to bailout Detroit means. Not intervening now would be these automakers would enter bankruptcy. And bankruptcy means the assets of these dinosaurs get reorganized: Someone else buys these companies, at a price the market sets, and runs them profitably, because of the price the market set.
Bannon’s sexist bullying goes way back to the eccentric early days of Biosphere 2 in Arizona, then a quasi “space colonization” and environmental research project. Stephen K. Bannon, who recently took a leave from running Breitbart.com to become Donald Trump’s chief campaign executive, once bullied women in the historic environmental research project known as Biosphere […]
Millionaire presidential candidate Donald Trump has a knack for projecting criticisms of himself back onto his opponents, however hamfistedly. The latest: Hillary Clinton is a bigot. “Hillary Clinton is a bigot who sees people of color only as votes, not as human beings worthy of a better future,” Trump said, reading from prepared remarks. Unlike […]
U.S. officials are investigating online security attacks that targeted reporters at The New York Times in Moscow. A U.S. official said Tuesday that the Times was among various U.S. news organizations targeted. CNN was first to report the story, and the Times has since confirmed and corrected some details.
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To be a Pokémon master, you’ll need a phone that won’t constantly die on you. Because nothing is worse than seeing the screen go black right as you’ve finally found the Charizard of your dreams.That’s why we’re so excited about the LinearFlux PokeCharger Portable Battery ($39.99). With its 3.0 Amp HyperCharging technology, this slim battery will […]