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Commerce Department imposes tariffs on Chinese solar panels

  From CNN: The U.S. Commerce Department announced stiff tariffs on Chinese-made solar panels Thursday, a move critics said could raise costs for consumers and further inflame trade tensions with Beijing. The preliminary ruling came as a result of a finding that Chinese solar cell manufacturers are “dumping” their products on the American market below [...]

J.P. Morgan Chase loses $2 billion

From the Washington Post:   Bruno Iksil, a London-based trader for JPMorgan Chase, assembled a huge portfolio of investments designed to hedge against risks the company takes with its own money. Iksil’s bet was so big he became known as the London Whale. It’s incredibly complicated, but basically he was selling a form of insurance [...]

California governor: Raise taxes, or else

  California’s Democratic Governor Jerry Brown was elected on the premise that he could fix the state’s financial woes, which date back decades.  However, he took to YouTube on Saturday to announce that the projected deficit for the fiscal year beginning on July 1 is now $16 billion, up from the $9 billion that had [...]

Occupational licenses now required for 1 in 3 U.S. workers

From the Washington Times: The Institute for Justice finds that “occupational licenses” — essentially permission slips from the government to work in a particular field — have proliferated under modern state governments. In the 1950s, IJ writes, only 1 in 20 workers needed to be licensed, but today, almost 1 in 3 face some kind [...]

How are they controlling health care costs in Massachusetts?

Few were shocked when Massachusettscare ended up being more expensive than predicted.  Now the legislature is attempting to determine how to best fix the problem, and it’s worth looking at due to the program’s similarities to what will happen at the national level as a result of the Affordable Care Act. First of all, we [...]

Rosen’s comments reveal true nature of ‘War on Women’

At this point, Democratic strategist Hilary Rosen’s disparaging remarks about Ann Romney have been debated ad infinitum by the press.   By describing Ann Romney as someone who had “never worked a day in her life”, Rosen managed to infuriate both stay-at-home mothers and those suffering from multiple sclerosis or breast cancer. Setting aside the fact that [...]