At this point, there is probably nothing that can be done to salvage General Motors as we know it.
Two months ago, GM’s market cap was something like $6.5 Billion. Today it is less than $3B. General Motors is now spending, on a monthly basis, about as much money as GM’s total market valuation. [...]
Continuing my recent ponderings and pontifications on the topic of “illegal immigration,” I came across the following argument, which I believe to be a widely-held, yet erroneous belief:
Illegal immigration causes an enormous drain on public funds. The seminal study of the costs of immigration by the National Academy of Sciences found that the taxes [...]
In reference to this techdirt article, Kip asks:
Is it a violation of copyright to sell a used book? Is it extortion to threaten to sue over it? (”I think [a] number in the high seven figures will be fair enough for me to suddenly catch amnesia.”)
Of course it’s not a violation of copyright to [...]
Apparently oblivious to what is not seen, Representative John “I expect to be in the fucking leadership!” Murtha (D-PA) declares that the product of the rent-seeking that occurs in his district is both beneficial and necessary:
Mr. Murtha underscored this point at a breakfast fund-raiser held for him this summer. “This is about jobs,” he [...]
