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From one scam to another
Tim Geithner told the Chinese last week that the United States would revive thanks to increased private demand. But the feds cannot really increase demand in the private sector. Increasing real demand would mean... How Green is the Cash for Clunkers?
The environmental gains achieved by getting clunkers off the road are small. There is a lot of hype surrounding the ‘cash for clunkers', which is a nice gimmick but only with transitory effects. Besides, just how... Creative Destruction
Schumpeter framed the phrase “creative destruction” into the economic discussion around 1940 in one of his publications.Creative destruction is often shared with innovation when something new kills something... Obama’s Inaugural Sacrifices:
TIME magazine published an essay written by Mike Murphy a political writer, under the title: The Sacrifice Gap. As this essay expresses much of the concerns dealt with in my recent articles it may be of interest to... 110 views | 24 recommendations | 3 comments
Government in Canada should buy out & not bail out U.S. carmakers
Branch plants of U.S. automakers are seeking Canadian taxpayers to bail them out. However, why should Canadians prop up U.S. automobile companies like GM, that destroyed their own zero-emission EV1 Electric Car, in order to appease Oil Industry interests? But, the Canadians... How Canadians could buy out rather than bail out U.S. automakers
The book entitled The Proposed Canadian Automobile Transport and Arctic Climatic Protection Act: Toward an environmentally-sensitized and truly made-in-Canada car inspired by the Avro Arrow, was written with the recognition that Climate Change associated with Global... Today's Other Bailout: $25bn for Auto makers. Revolving loans, GM to save?
CRISIS ROOM GM "It seemed like a lot when we first started pushing $25bn," says Democratic Sen. Debbie Stabenow of Michigan, one of the bill's sponsors. "Suddenly, it seems so small." REVOLVING LOANS AND...
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