Rick Newman

November 2012


The Right Way to Resolve the Fiscal Cliff

By |

Democrats and Republicans in Washington have finally stopped preening about the need for bipartisanship, and started to negotiate about the "fiscal cliff" in earnest. This represents the official kickoff of a gaudy political spectacle. There will be regular dueling press conferences with "updates"

Read More

TAGS:
fiscal cliff

3 Reasons To Tune Out the Fiscal Cliff Bickering

By |

It was important for a while. Now it's starting to get ridiculous.

The "fiscal cliff" could make or break the economy in 2013, since it entails a punishing set of tax hikes and government spending cuts that will either cause a recession, if they go into effect all at once at the start of the year as ...

Read More

TAGS:
fiscal cliff

Democrats Get Cocky in Their Opposition to Spending Cuts

By |

Taxes, taxes and more taxes. You'd think that's the only thing at stake in the "fiscal cliff" negotiations that are heading toward a climax soon, and the larger fight over paying down the national debt that's coming in 2013.

It's true that taxes are a huge immediate concern, since about $500 billion ...

Read More

When Americans Took Pride in Paying Taxes

By |

Taxes are a necessary evil, and they're about to get a bit more necessary, with Congress seemingly poised to raise taxes on a least some Americans beginning in 2013.

But Americans didn't always view taxes with the dread and indignation they do today. In fact, during World War II, as the government ...

Read More

TAGS:
taxes

Why Republicans Are Abandoning the No-Tax Pledge

By |

It sounds like capitulation. But as a few prominent Republicans begin to say they're open to tax increases, they may only be doing what has been inevitable all along.

[ENJOY: Political Cartoonists Tackle the Fiscal Cliff]

The famous no-tax pledge promulgated by conservative activist Grover Norquist ...

Read More

TAGS:
federal taxes
taxes
economy
fiscal cliff
Norquist, Grover
Graham, Lindsey
Corker, Bob
King, Pete
Republican Party

Wal-Mart Protests Pit Workers Against Shoppers

By |

Most Americans don't mind protests aimed at CEOs or fat-cat shareholders. But what if agitators disrupt bargain-hunters trying to provide a decent holiday for their families?

That's the intriguing prospect that's developing as thousands of Wal-Mart employees promise to protest — and perhaps strike —

Read More

TAGS:
Walmart

Worst Metaphor of 2012: 'Fiscal Cliff'

By |

Ben Bernanke may be a brilliant economist, but as a wordsmith, he's responsible for popularizing what has become one of the most grating clichés of modern times.

It was the Federal Reserve chairman who warned of a "fiscal cliff" back in February, when he testified before Congress. Here's how ...

Read More

TAGS:
fiscal cliff

What Obama Needs From Business Leaders

By |

It's not exactly an apology tour, but the Business Relations Repair Initiative is fully underway.

Since his re-election, President Barack Obama has hosted at least a dozen CEOs at the White House and called several others to hear their ideas about reinvigorating the stagnant economy. The purpose ...

Read More

TAGS:
business

Chevy Volt Owners Take Flack For GM Flubs

By |

General Motors earned considerable enmity in 2009 when it declared bankruptcy and accepted a $51 billion bailout from the U.S. government. Some GM customers have since discovered that they're in the crossfire as well.

A few owners of the Chevrolet Volt, GM's innovative plug-in hybrid, report that ...

Read More

TAGS:
cars
General Motors

BP Settles With the Feds, Continues Its Comeback

By |

Oil giant BP is one big step closer to reviving its image — and fortunes — following the gigantic 2010 oil spill in the Gulf of Mexico that killed 11 and fouled hundreds of miles of coastline with tar.

BP has finally reached a settlement with the U.S. government in which it would pay $4.5 billion in ...

Read More

TAGS:
BP

Finally, Globalization May Help American Workers

By |

It's a stunning thought: The United States, long dependent on foreign oil, may actually achieve energy independence over the next two decades. And by 2030 it could become a net exporter of oil.

That's the conclusion of a new report by the International Energy Agency, which touts recent energy ...

Read More

TAGS:
oil

It's a Bad Time To Be Rich

By |

Is there nobody left to defend the one percent?

Everywhere you look, fair-weather tax haters are abandoning the wealthy. Republican House Speaker John Boehner, champion of "job creators," now says he's open to "new tax revenue" to help balance the federal budget. The uber-conservative William ...

Read More

You Might Also Like


See More