One of the most important political issues to most Americans that you will never hear mentioned by either of the major party Presidential candidates.
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As the late Milton Friedman pointed out: "The case for prohibiting drugs is exactly as strong and as weak as the case for prohibiting people from overeating."
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John Geanakoplos, the James Tobin Professor of Economics at Yale University, discusses the perils of leverage in regard to the current global economic situation.
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From the fine HBO John Adams mini-series, Thomas Jefferson and Alexander Hamilton debate the relative importance of the creation of wealth to American society. Amazingly, the debate lives on today.
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A subsidiary, General Motors Ventures, plans to invest in start-up companies in fields including renewable fuels, information and entertainment systems, and advanced materials. [read post]
Entering Chapter 11 is not a decision to be taken lightly. But is a decision to delay bankruptcy really praiseworthy or a case of avoiding the inevitable? [read post]
Delphi, the auto parts maker, filed on Wednesday evening for an initial public offering after emerging from bankruptcy nearly two years ago. [read post]
The sale of Nexteer Automotive to Pacific Century Motors represents China's biggest single investment in the global auto parts-making industry. [read post]
The unit, which had been a strong performer in recent quarters, reported on Friday that revenue was down 12 percent from the same period a year ago. [read post]
For years, General Electric was seduced by the big profits its finance unit pulled in. And a top adviser, McKinsey, did the same, missing the warning signs of the financial crisis. [read post]
General Electric's energy division will acquire a 90 percent stake in the power equipment manufacturer Converteam from a group of private equity investors. [read post]