On FPF #506, I discuss Trump's obsession with helping the arms industry. The Pentagon announced that it plans to spend $135 million bailing out small arms makers, the Senate is trying to allocate $10 million for nuclear weapons testing, and the US will acquire the six...
On FPF #476, I discuss the US government is buying more weapons and giving financial support to the weapons markers. The finical assistance was approved through the $2 trillion bailout. The Navy announced it was buying an additional $2 billion in torpedos and missiles...
60 Minutes Strong Language Pete invited Antony Sammeroff to return to the show to do an overview of the "self-help" industry. Antony is a therapist by trade and wanted to discuss the failing he sees with the gurus who sell guides in airport book shops and host...
From Wolf Richter at Wolf Street. The Trump administration is considering a $850-billion stimulus package (bailout) for corporate America. This includes a bailout for the airline industry - the same airline industry that spent the past few years spending cash and...
If one wanted to study the difference between an industry that exists in a very free market and its exact counterpart in a system of extreme government regulation, then you don’t need to look further than the New York City taxi industry. New York City yellow cabs...
Or maybe not says Nia Harris and Cassandra Simpson at Lobelog. So where is all that additional taxpayer money actually going, if not job creation? At least part of the answer is contractor profits and soaring CEO salaries. In those six years, Lockheed’s stock...
N.Y. Times: U.S. Sanctions Turn Iran's Oil Industry Into Spy vs Spy. Most Americans have a Hollywood version of the espionage business. A high-tech game of cyber-espionage and secret well-planned operations but in reality it is an age old game using alcohol, sex,...
The House is in session Tuesday through Thursday. Among the legislation the House will consider is H.R. 1500. This bill officially changes the name of the Bureau of Consumer Financial Protection to the Consumer Financial Protection Bureau. It also lays out the...
