Tag archive for ‘Profits’
Encouraging the Freedom to Fail
American business is the most robust, the most efficient, and the most effective in providing returns to shareholders on invested capital. We take capital from all points on the globe and turn it into returns that are often multiples of what they initially invested. No other country is as effective at generating wealth as the United States. We are so effective because of our commitment to capitalism and free markets. Part and parcel of that commitment is a belief in freedom. One of those freedoms has to be the freedom to fail. For if failure is not a consequence of bad decision making by private enterprise, we will surely fail in the long term in generating wealth. Life without risk, in business, is not worth investing in.
There’s nothing “Fair” about the Fairness Doctrine
The first casualty of the new 111th Congress could be both free speech and the free market. After years of being dormant, many democrats in Congress are hinting that they will seek to re-institute the “Fairness Doctrine,” a doctrine that requires US broadcasters present in equal time on controversial issues. If enacted, the doctrine will undoubtedly be targeted almost exclusively at “conservative talk radio,” and the consequences will be millions of dollars in lost revenues for radio stations across the country, especially AM radio stations, an undoubtedly a blow for free speech in ensuring that the “marketplace of ideas” remains open.
When the facts matter - Democrats lose elections…
Obama shouldn’t be winning. His policies are all wrong and backwards for America. The voters who matter know this - however - they’re so disgusted with Republicans, the facts just don’t matter.
Stock Market Meltdown, Bank Failures, and Recession! Oh my!
Last week, the stock market shredded almost 20% of its value, and briefly looked as if the Dow Jones Industrial Average would march to 7000, a number that would bring the market’s value down to almost 50% from its high a year ago. Panicked investors continue to be frenzied as they worry about the value of their 401K’s, IRA’s, and government savings plans, selling in droves and fleeing for the safety of US Treasury Bonds; bonds which are almost worthless in their yields at the moment as demand for bonds far outstrips supply. In the time of market panic - cash is king. Many Americans are asking, however, why this is happening? They were told the Bail Out “rescue” plan would avoid Financial Armageddon! Why then does the market continue to be driven downward, and the credit market continue to be seized?
US and World Markets fall and Congress looks for blame.
Today’s markets plummted around the world reacting to the bailout bill, worries about the broader credit markets, and the lack of reaction by most Western governments to what is undoubtedly a broadening financial crunch around the world. Panic swept through the world’s financial markets, wiping $2.5 trillion from share values, amid concern that regulators and politicians were struggling to get a grip on the worsening crisis of confidence.
Entries (RSS)