The Case for GM in Chapter 11

Things are not well at General Motors. Its new sobriquet may well be “General Malaise”. Share prices are at historic lows and corporate leadership suggests rather urgently that if GM does not receive a chunk of a $25 billion proposed government bailout for the auto industry, it will run out of operating capital before [...]

Socialism, Alaska Style

Governor Sarah Palin (R-AK) has maintained a blistering attack on Democratic presidential candidate Senator Barack Obama (D-IL), doing everything but actually calling Obama a socialist outright. According to Palin, Obama’s ideas, associates and tax policies are socialist. Obama’s comments on redistributing wealth have received the heaviest criticism. The only logical conclusion, of course, is that [...]

Word of the Day for 22 October 2008: Socialism

so·cial·ism     (sō’shə-lĭz’əm)
n.   Any of various theories or systems of social organization in which the means of producing and distributing goods is owned collectively or by a centralized government that often plans and controls the economy.
See 2008 Alaska Permanent Fund Dividend and Alaska Resource Rebate.