Speculation and the Housing Bailout
Reminiscent of a juvenile accepting a dare to do something stupid, the chairman of the Senate Banking Committee, Senator Christopher Dodd, crowed t
Reminiscent of a juvenile accepting a dare to do something stupid, the chairman of the Senate Banking Committee, Senator Christopher Dodd, crowed t
This situation is not, however, a natural market phenomenon, but the direct result of various government programs — usually in the world's most developed economies, although developing countries are catching up — that aim to promote more environmentally friendly energy technology or energy self-sufficiency by subsidizing and mandating the diversion of a growing percentage of agricultural commodities such as corn, sugar cane, wheat, and so on, to the production of bioethanol and biodiesel.
Shareholders must fight to uphold the legitimacy of the profit motive and reject the view that merely having an "interest" in the operations of a company implies a right to control.
The advantages of the corporate form — limited liability and raising capital — have been known for as long as mankind has had the technology to produce useful things whose production is too expensive for a single investor to handle.
It's likely there "won't be any cotton growing in California 10 years from now," setting the stage for the next generation of Boswells to fallow the fields and sell water to Los Angeles.
President Bush has just signed the long-debated ethics bill, which Democrats are trumpeting as helping “drain the swamp” of corruption,
Here we are 138 years later with many people still believing in the economic virtues of subsidies from farm programs to energy development.
The Nation has posted an interesting article on how corporate conglomerates are ganging