Keyword: forbes

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  • How Obama Thinks

    09/10/2010 7:58:45 AM PDT · by TigerClaws · 33 replies
    Barack Obama is the most antibusiness president in a generation, perhaps in American history. Thanks to him the era of big government is back. Obama runs up taxpayer debt not in the billions but in the trillions. He has expanded the federal government's control over home mortgages, investment banking, health care, autos and energy. The Weekly Standard summarizes Obama's approach as omnipotence at home, impotence abroad. The President's actions are so bizarre that they mystify his critics and supporters alike. Consider this headline from the Aug. 18, 2009 issue of the Wall Street Journal: "Obama Underwrites Offshore Drilling." Did you...
  • How Obama Thinks [Obama Exposed!]

    09/09/2010 12:56:05 AM PDT · by Undocumented_capitalist · 87 replies
    Forbes Magazine ^ | 09/09/2010 | Dinesh D'Souza
    The President isn't exactly a socialist. So what's driving his hostility to private enterprise? Look to his roots. Barack Obama is the most antibusiness president in a generation, perhaps in American history. Thanks to him the era of big government is back. Obama runs up taxpayer debt not in the billions but in the trillions. He has expanded the federal government's control over home mortgages, investment banking, health care, autos and energy. The Weekly Standard summarizes Obama's approach as omnipotence at home, impotence abroad. The President's actions are so bizarre that they mystify his critics and supporters alike.
  • Shia LaBeouf Tops Forbes List of Actors Worth Their Pay (Best profit for the buck)

    09/01/2010 1:50:17 PM PDT · by SeekAndFind · 91 replies
    ABC NEWS ^ | 09/01/2010 | Zorianna Kit
    For the second straight year, "Transformers" star Shia LaBeouf topped a Forbes.com list of Hollywood's Best Actors for the Buck with women claiming five of the top 10 spots compared to zero last year. Based on the financial news site's own calculations, for every $1 the studios spent on LaBeouf, his films return about $81 of profit. Those movies included "Transformers: Revenge of the Fallen" ($836 million worldwide box office) and the fourth "Indiana Jones" film ($787 million). Anne Hathaway took the No. 2 spot, earning the studios $64 off of her films for every dollar they spent for her...
  • Papantonio: Obama’s strength is not Forbes and the Economist, but The View

    07/30/2010 9:20:19 AM PDT · by Big Bureaucracy · 10 replies · 1+ views
    Big Bureaucracy ^ | July 30th, 2010 | Ellie Velinska
    Quote of the day: OK. Here it is. You go to your strength. His [Obama] strength is not Forbes Magazine and The Economist. His strength is programs like The View. We got the changing culture that he is adjusting to. - Mike Papantonio, liberal radio talk-show host defending President Obama’s chit-chat with the ladies of The View on the O’Reilly Factor. Don’t you wish your President’s strength were Forbes magazine and The Economist? I bet the 30 000 000 unemployed would hope he can handle those too. On the picture: the audience takes photos of President Barack Obama during...
  • Obama's Soft-Core Socialism (by Steve Forbes)

    07/24/2010 11:24:29 AM PDT · by SmartInsight · 19 replies · 2+ views
    Forbes ^ | July 24, 2010 | Steve Forbes
    The truth is that not even the Franklin Roosevelt Administration was as hostile to and ignorant about free enterprise as this Administration is. Almost every action Obama officials take underscores their belief in the stereotype that businesspeople are mostly amoral, corner-cutting, consumer-shafting, pollution-loving menaces. The economy itself needs to be tightly controlled and rigidly guided by Washington mandarins because free markets are inherently and destructively unstable. Incrementalism and the velvet glove over an iron fist are Obama's preferred methods. Thus, it will take several years for surviving health care companies to become full-fledged vassals of the federal government, which will...
  • Sarah Palin, Forbesian

    06/13/2010 8:20:54 PM PDT · by Bigtigermike · 42 replies · 1,392+ views
    Nation Review ^ | Sunday June 13, 2010 | Jane Nordlinger
    A few days ago, I did a post in which I linked to an article about Sarah Palin. The article was published shortly after Palin was nominated for vice president. My purpose in citing the article was to say something about Palin and Israel. But I noticed something else in the article that I thought I’d bring up here. In the 2000 presidential cycle, Palin was mayor of Wasilla. And she was formally with . . . whose campaign? Steve Forbes’s. I think that most people think of Palin as a “social conservative,” as indeed she is. But she’s also...
  • Forbes Names Pittsburgh 'Most Livable City' Again

    05/03/2010 10:34:43 AM PDT · by rightwingintelligentsia · 88 replies · 1,558+ views
    WPXI ^ | May 3, 2010
    PITTSBURGH -- Forbes Magazine has once again named Pittsburgh its "Most Livable City" in its annual report that looks at cost of living, unemployment rate, income growth and crime rates, among other factors. "Indeed, Pittsburgh's art scene, job prospects, safety and affordability make it the most livable city in the country, according to measures studied. The city has rebounded from its manufacturing past. Disused steel mills have been re purposed into multimedia art centers, and amid a struggling national economy, Google Pittsburgh, a test site for the company's new high-speed broadband network, has expanded its offices to accommodate more hires,"...
  • The World's Leading Companies (Forbes)

    04/30/2010 2:28:11 PM PDT · by SmokingJoe · 15 replies · 577+ views
    Forbes ^ | 04.21.10, | Scott DeCarlo
    The Forbes Global 2000 are the biggest, most powerful listed companies in the world. These global giants usually reorder themselves at a glacial pace but sometimes, as with the volatile financial sector of late, with more abruptness. Extreme vagaries of business or poor performance can take them off the list entirely. In any case, our composite ranking is the best snapshot of just how these titans compare. As we show, the corporate dominance of the developed nations is steadily receding Composite Top 10 Overall Top 10 by Profits. Top 10 by Market Cap Top 10 by Assets.
  • Steve Forbes : A Short Money Treatise for D.C. Dummies

    04/27/2010 10:43:16 AM PDT · by SeekAndFind · 5 replies · 472+ views
    Forbes ^ | 04/27/2010 | Steve Forbes
    A devastating trade war with China has once again been averted, thanks to some last-minute diplomacy. But the destructive idea behind this ongoing crisis is still there, which means the dispute will undoubtedly flare up again. Uncle Sam believes Beijing manipulates its currency, the yuan, to give China an unfair trade advantage. Washington claims that since China's economy has long been strong and growing rapidly the yuan should go up against the greenback as if it were a common stock experiencing a surge in earnings. This theory is preposterous, but it has a stranglehold on Washington policymakers in both the...
  • Worst-Made Cars on the Road

    04/12/2010 8:05:57 AM PDT · by throwback · 172 replies · 4,069+ views
    Yahoo, Forbes ^ | Friday, April 9, 2010 | Hannah Elliott
    If you want to drive something dependable and long-lasting, steer clear of these vehicles. With a 22% improvement in sales last month, and despite the six-month, $4.3 billion loss it announced Wednesday, General Motors is likely to have its strongest spring and summer in years. Plus, the automaker had critically acclaimed new products at the recent New York Auto Show and the much-anticipated Chevrolet Volt is due out this fall. More from Forbes.com: • In Depth: Worst-Made Cars On The Road • Navigating Your Way Through Traffic • Cars With the Best Gas Mileage Year-over-year sales of GM's Cadillac division...
  • Detroit's Long Road (The U.S. auto industry isn't dead, but it isn't back, either)

    04/10/2010 6:07:22 PM PDT · by SmokingJoe · 40 replies · 907+ views
    Forbes ^ | April 12, 2010 | Jerry Flint
    The cover of April's Motor Trend magazine informs us that "Buick Is Back." That followed by a few weeks the front page of Barron's declaring that "GM Is Back." My investment advisor, AllianceBernstein ( AB - news - people ), brags at its annual meeting that it's buying Ford. Toyota ( TM - news - people )'s troubles, of course, will send traffic to Ford and General Motors showrooms. If only it were that easy for Detroit to recover lost ground. The loss of confidence in Detroit's vehicles among American car buyers is deep and persistent. GM and Ford--and maybe...
  • Little Pricey Pill (Nexium is a parable of what's wrong with health care.)

    04/10/2010 5:53:07 PM PDT · by SmokingJoe · 55 replies · 1,575+ views
    Forbes ^ | April 12, 2010 | David Whelan
    Along with so many other things, keeping a lid on spending seems to have gotten lost in the health care overhaul. Individuals lose some incentive to save a couple of bucks by having fewer tax-free dollars in their health savings accounts. A panel to oversee Medicare disbursements based on the cost of clinical effectiveness of treatments--zapped, thanks to intense lobbying by drugmakers, doctors and every other medical interest group. That leaves medical providers and health plans, which have little motivation, unless the employers who buy insurance turn the screws. They rarely do. But Edward Kaplan, a New York City health...
  • Steve Forbes: A Grotesquerie [ObamaCare, The Markets and Socialism]

    04/03/2010 4:54:38 PM PDT · by 2ndDivisionVet · 31 replies · 1,527+ views
    Forbes ^ | April 3, 2010 | Steve Forbes
    With an ice-cold disdain for public opinion and an obsession worthy of Lenin, President Obama and Speaker Nancy Pelosi rammed ObamaCare through the House by unprecedented parliamentary trickery, bribery and deceit. The President has thereby poisoned the national political well. But the health care fight has just begun. Substantive constitutional court challenges are coming. Congressional elections are around the corner, and there's a growing opposition that wants to undo what Obama has just done. The President will discover that, ultimately, the American people's tenacity will overwhelm his--and he will be a failed President. But the cost of his public-be-damned attitude...
  • Forbes Introduces Bill to Cut Government Spending by 40% Over Five Years

    02/25/2010 5:06:03 AM PST · by justlittleoleme · 12 replies · 565+ views
    American Chronicle ^ | February 05, 2010 | Congressional Desk
    Washington, D.C. – Congressman J. Randy Forbes (VA-04) announced that he has introduced a bill that would cut federal government discretionary spending by 10% each year for the next five years. If passed, the Tighten Washington's Belt Act, H.R. 4479, will reduce discretionary spending by 40% through Fiscal Year 2015.
  • ‘Agitator’ Steve Forbes slams Fed, Obama for crisis

    02/03/2010 2:21:34 AM PST · by xtinct · 10 replies · 1,159+ views
    Boston Herald | 2/3/10 | Thomas Grillo
    Former presidential candidate Steve Forbes blamed the Federal Reserve for sparking the recession and said President Obama has hindered the recovery. In a speech yesterday to the Boston College Chief Executives’ Club, the editor in chief of Forbes magazine said the economic crisis was avoidable. “It was the result of a series of mistakes starting with the Federal Reserve, and not a sudden outburst of greed,” he said. “The Fed ginned up the monetary printing press and kept interest rates artificially low.” The result, he said, caused cataclysmic events including the bursting of the commodities and housing bubbles that sent...
  • Fateful Decision

    01/09/2010 8:19:48 PM PST · by bruinbirdman · 4 replies · 519+ views
    Forbes ^ | 1/9/2010 | Steve Forbes
    The new year focus is on the economy, but foreign policy will generate big headlines: Israel is going to come to a decision regarding Iran's getting the bomb. Most Israelis see this as an existential issue. They know their vaunted military can only set back, not eliminate, the Iranian project. Iran's dictator, Mahmoud Ahmadinejad, is setting up facilities in Venezuela, and who knows where else, to help Iran fulfill its nuclear ambitions. The U.S. State Department and the Pentagon are resigned, as western Europe became long ago, to a nuclear-armed theocratic regime in the Middle East. Russia and China figure...
  • Down with Big Business

    12/13/2009 5:23:43 AM PST · by EscondidoSurfer · 4 replies · 466+ views
    Forbes Magazine ^ | December 11, 2009 | Paul Ryan
    crony capitalism is back with a vengeance
  • In-credit-able!

    12/11/2009 11:01:19 PM PST · by SupplySider · 16 replies · 724+ views
    Forbes.com ^ | 12/12/09 | Steve Forbes
    Even if the Federal Reserve gets around to strengthening the dollar--which would do wonders to get the economy really moving again--we still face a mammoth and growing problem: the government's increasing domination and distortion of the capital markets. It's not only the need to finance Uncle Sam's deficits that crowds out other credit seekers in the marketplace. It's also the proliferation of government entities (think Fannie Mae and Freddie Mac), government loan guarantees, tax credits and the government's growing sway over the banking sector. Even if Washington's red ink were back to the levels of a couple of years ago,...
  • How Capitalism Will Save Us

    11/04/2009 5:44:22 AM PST · by SupplySider · 13 replies · 696+ views
    forbes.com ^ | 11/3/09 | Steve Forbes and Elizabeth Ames
    We all know the Rap on capitalism: That it is fundamentally greedy and immoral. That it enables the rich to get richer at the expense of the poor. That open markets are Darwinian places where the most ruthless unfairly crush smaller competitors and where the cost of vital products and services like health care and energy are almost beyond the reach of those who need them. Capitalism has also been blamed for a range of social ills--from air pollution to obesity. Not only have educated, successful people bought into capitalism's bad Rap, but the Rap is taught in our schools....
  • Forbes Cuts 30; Others Told to Work from Home; Bono Screwed

    10/29/2009 8:14:10 AM PDT · by FromLori · 11 replies · 769+ views
    Economic Policy Journal ^ | 10/29/09 | Robert Wenzel
    Forbes axed at least 30 editorial people, yesterday -- but the bloodletting isn't over, according to insiders, NyPo is reporting. Today's layoffs mark the third round of editorial cuts in a year. In January, the dot-com and print were merged and 50 people were let go. In the latest round, the magazine's bureaus were particularly hard hit. Many of Forbes' offices will be closed around the country and overseas, and those who worked in bureaus and survived the cuts will become correspondents working out of their homes, sources said. "We -- and the entire media world -- have been hard...
  • Yves Saint Laurent tops list of highest-earning dead celebs

    10/28/2009 1:10:50 PM PDT · by JoeProBono · 19 replies · 1,075+ views
    cnn ^ | October 28, 2009 | Breeanna Hare
    Forbes magazine's ninth annual list of top-earning dead celebrities was unveiled Wednesday, and surprise, surprise: Neither Michael Jackson nor Elvis Presley held court at the top. Late French fashion designer Yves Saint Laurent debuted in the No. 1 spot with an estate that earned $350 million in the year after his death from brain cancer in June 2008. To place on this year's list, "delebs" -- industry speak for dead celebrities -- had to earn at least $6 million between October 1, 2008, and October 1, 2009. Saint Laurent earned well past that. A February Christie's auction sold most of...
  • Capitalism: A True Love Story

    10/04/2009 11:26:34 PM PDT · by SupplySider · 14 replies · 888+ views
    Forbes.com ^ | 10/5/2009 | Steve Forbes
    How is wealth created? Seemingly a strange question for Forbes readers, but the question is hardly an academic one in the wake of the credit crisis and ensuing global recession. It has profound political implications that will affect our economic future. Clearly, a sizable portion of the assets created in recent years turned out to be "make believe," the result of an unsustainable, ephemeral bubble in housing and the churning out of increasingly exotic, ultimately toxic financial instruments. It's one thing for folks and institutions that hold suspect paper to lose out, but it's quite another when the process that...
  • Gold's No Bubble (Why it isn't going the way of Real Estate yet. Inflation fears keep it high).

    09/23/2009 6:20:43 PM PDT · by SeekAndFind · 9 replies · 830+ views
    Forbes ^ | 9/23/2009 | David Serchuk
    It's tempting to consider gold overbought. It currently trades at $1,017 an ounce, near its all-time high. It's survived two asset bubbles with flying colors. It sells for three times its April 2001 decade low of $255 an ounce. Now you have all kinds of cheesy, late night TV pitch-men screaming that they will buy your gold while former Richard Nixon staffers hock gold coins--things seem a bit overheated. Two years ago it was time to quit your job and get a realtor's license. Now it's time to melt down your dental work? Well, gold has long been an emotional...
  • CBO Summer Updater 09: Weak Revenues, Elevated Spending, Economic Downturn, And Financial Turmoil

    08/25/2009 10:55:20 AM PDT · by luckybogey · 1 replies · 304+ views
    LuckyBogey's Blog ^ | August 25, 2009 | LuckyBogey
    “The alarm bells on our nation’s fiscal condition have now become a siren” “If anyone had any doubts that this burden on future generations is unsustainable, they’re gone — spending, borrowing and debt are out of control.” Senate Minority Leader Mitch McConnell Today CBO issued its annual summer update of the budget and economic outlook. CBO estimates that the federal budget deficit for 2009 will total $1.6 trillion, which, at 11.2 percent of gross domestic product (GDP), will be the highest since World War II. That deficit figure results from a combination of weak revenues and elevated spending associated with...
  • Michelle Obama Debuts on Forbes' List of 100 Powerful Women -- at No. 40

    08/21/2009 11:20:51 AM PDT · by Nachum · 18 replies · 811+ views
    Politics Daily ^ | 8/21/09 | Lynn Sweet
    First Lady Michelle Obama, about to round out the summer with a stay on Martha's Vineyard, perhaps packing those shorts for the trip, debuted on the Forbes list of 100 Most Powerful Women -- at No. 40. Given that the list is heavily tilted to CEOs and world leaders, it seems a reasonable slot. German Chancellor Angela Merkel was No. 1 and Sheila Bair,
  • Is Barack Obama the next Alexander the Great?

    07/08/2009 8:43:34 PM PDT · by Publius772000 · 29 replies · 1,328+ views
    The Constitutional Alamo ^ | 07/09/09 | Michael Naragon
    One of the most damaging forces in the study of history in recent years has been revisionism. Revisionist historians have painted Thomas Jefferson as a slave owner who took liberties with his property. Revisionists have tried to make slavery the primary cause of the Civil War. Revisionists have done their damage to figures in the ancient world, as well, with none taking the brunt quite so squarely as Alexander. In his interview with Hannity on Wednesday, Forbes was discussing his most recent book and gave his take on the oft-misunderstood conqueror, calling Alexander one who was given to passions that...
  • The U.S.: Always Making Trouble For China

    06/20/2009 9:10:41 PM PDT · by vivi · 8 replies · 986+ views
    Forbes ^ | 06.18.09, 06:00 PM EDT | Gady Epstein
    A Chinese commentator says his country needs to stand up stronger to the West. This week we're turning the tables at Beijing Dispatch: Instead of offering the usual foreign-correspondent musings about China, Forbes invited an outspoken Chinese essayist to take a few shots at the U.S. and the rest of the West. Wang Xiaodong, 53, is one of the co-authors of Unhappy China, a controversial nationalist (Wang prefers "patriotic") tome that seeks to prod the nation into a much more aggressive posture in international relations. Unhappy China has received some harsh reviews from China's media and intellectual elite but has...
  • Our Judeo-Christian Nation

    06/14/2009 8:43:19 AM PDT · by EternalVigilance · 8 replies · 797+ views
    America's Independent Party ^ | June 14, 2009 | Congressman Randy Forbes
    Congressman Randy Forbes of Virginia asks the questions "Did America ever consider itself a Judeo-Christian nation?" and "If America was once a Judeo-Christian nation, when did it cease to be?" on the floor of the US House. MUST SEE VIDEO!
  • AT FORBES MEDIA, THE KNIVES ARE COMING [Newsweek to $5.95]

    05/15/2009 11:20:17 AM PDT · by SES1066 · 27 replies · 1,498+ views
    New York Post ^ | 05/15/09 | Keith J Kelly
    FYI: Headline misleads ...On Monday, Newsweek unveils the most dramatic overhaul in its history -- one that parent Washington Post Co. hopes will take it from a money-losing position in the weekly-news category to a money-making one in the thought-leader category. ...
  • Where the Recovery Will Begin

    04/08/2009 7:59:24 PM PDT · by GOP_Lady · 17 replies · 1,045+ views
    Forbes Magazine ^ | 04-08-09 | Forbes Magazine
    The global economy this year will contract for the first time since World War II, according to the World Bank. But economists expect a recovery in 2010, albeit at sharply different levels depending on where you live.
  • Video: Steve Forbes On The New Bailout

    03/23/2009 10:46:59 AM PDT · by careyb · 4 replies · 526+ views
    Morning Joe ^ | 3/23/09 | Steve Forbes
    Not optimistic.
  • Obama Ponzi Scheme: Forbes Calls Obama Administration Worse than Madoff

    03/20/2009 10:01:24 AM PDT · by LoRo · 19 replies · 1,974+ views
    'Forbes on FOX' guests asked if Madoff's Ponzi scheme or Obama's spending plan will cause more economic damage. According to some “Forbes on Fox” guests, the Obama Administration is more harmful to the economy than Bernie Madoff’s infamous Ponzi scheme. On March 12, Madoff pled guilty to 11 felony counts including money laundering, perjury, and mail, wire, and securities fraud. On Mar. 14, David Asman asked guests of the show “Who’s worse for the market – Madoff or the folks in D.C.?” Steve Forbes, Forbes magazine’s editor-in-chief, blamed the folks in D.C. as the worse culprit. Forbes explained that “in...
  • Mexico blasts Forbes for putting drug lord on list

    03/12/2009 9:11:00 PM PDT · by Califreak · 25 replies · 1,476+ views
    Yahoo News ^ | 3/12/09 | unnamed
    MEXICO CITY – Mexico is decrying Forbes Magazine's decision to include the reputed leader of one of the country's most violent drug cartels on its list of billionaires. Forbes ranks Joaquin "El Chapo" Guzman, with an estimated $1 billion fortune, at No. 701 — between a Swiss oil-trading tycoon and an American chemical heir. Guzman, Mexico's most-wanted fugitive, is believed to head the Sinaloa cartel. President Felipe Calderon said Thursday that "magazines are not only attacking and lying about the situation in Mexico but are also praising criminals." Mexico's Attorney General Eduardo Medina Mora said Forbes is defending crime by...
  • Reputed Mexican cartel boss makes Forbes' billionaires list

    03/11/2009 4:40:21 PM PDT · by SwinneySwitch · 6 replies · 484+ views
    Houston Chronicle ^ | March 11, 2009 | DANE SCHILLER
    Warren Buffett. Bill Gates. Joaquin “El Chapo” Guzman? As if Mexico doesn’t have enough image problems, a reputed drug cartel boss landed on the Forbes magazine list of billionaires. Guzman, whose nickname means "shorty," just made the cut as he was tied for 701st on the list, with a fortune estimated to be worth $1 billion. Guzman, 54, is said to be head of the Mexico-based Sinaloa Cartel. He follows in the footsteps of Colombian Pablo Escobar, who also made the Forbes list back in his day, and was considered the ultimate godfather until he was killed in a shoot...
  • Forbes: Market-to-market rules should stop

    03/10/2009 6:13:40 AM PDT · by Fred · 27 replies · 1,304+ views
    Contra Costa Times ^ | 030909 | Forbes
    An accounting rule that requires banks and insurance companies to write down assets to reflect market values is worsening the financial crisis and should be suspended, said Steve Forbes, chief executive officer of Forbes Inc. "Market-to-market accounting is destroying capital of insurance companies and banks," Forbes said Monday in a Bloomberg Radio interview. "They have to suspend it completely and start over again. It is the equivalent of saying, 'Put your house on the market and sell it by 2 p.m.' You are not going to get a very good price for it."
  • Obama Repeats Bush's Worst Market Mistakes

    03/06/2009 7:22:51 AM PST · by BGHater · 14 replies · 589+ views
    WSJ ^ | 06 Mar 2009 | Steve Forbes
    Bad accounting rules are the cause of the banking crisis. What is most astounding about President Barack Obama's radical economic recovery program isn't its breadth, but its continuation of the most destructive policies of the Bush administration. These Bush policies were in themselves repudiations of Franklin Delano Roosevelt, Mr. Obama's hero. The most disastrous Bush policy that Mr. Obama is perpetuating is mark-to-market or "fair value" accounting for banks, insurance companies and other financial institutions. The idea seems harmless: Financial institutions should adjust their balance sheets and their capital accounts when the market value of the financial assets they hold...
  • Steve Forbes : 1933 is Coming Again

    03/03/2009 7:34:49 AM PST · by SeekAndFind · 59 replies · 2,446+ views
    Forbes Magazine ^ | March 3,2009 | Steve Forbes
    The financial crisis is reaching a climax. Either Washington will let the banking system go into cardiac arrest, or it will take measures to bring it back to life so it can vigorously function again. The frightening severity of the crisis and the political imperative not to let banks collapse the way they almost did in 1933 will force the Obama Administration to take the necessary actions. --Get rid of mark-to-market accounting rules, which are unnecessarily destroying the balance sheets of banks and other financial institutions. For regulators and auditors to force banks to repeatedly write down the value of...
  • The Coming Blue State Collapse

    02/26/2009 4:26:05 PM PST · by giant sable · 54 replies · 1,722+ views
    Edgelings/Pajamas Media ^ | February 26, 2009 | Rich Karlgaard
    Here’s a quick and dirty guess: Upper-middle-class families in blue states–those President Obama calls “the rich”–will soon be paying 20% more a year in state and federal taxes. If you pay $100,000 off of a $300,000 income now, look for $120,000 in a couple of years. Federal income taxes are going up, and deductions are going down. That much we know. What we don’t know yet–but I would bet money on it–is if the 7.65% Social Security and Medicare tax ceiling will be lifted from $102,000 to $150,000 or so. Taxes are headed up at the state and local level...
  • Resume Falsification of Radley Balko Exposed.

    02/10/2009 2:04:10 PM PST · by obamaisandrogynous · 39 replies · 5,743+ views
    <p>Resume Falsification of Radley Balko Exposed. Exaggerations A Common Tactic of the Left, Obama Acolytes.</p> <p>Liberal (and ersatz libertarian) blogger and wanna-be pundit Radley Balko claims on his bio on his blog that he is a bi-weekly columnist for Forbes.com. But an investigation by the RLCIL demonstrates that Mr. Balko has taken extreme liberties — perhaps even license — with the term “bi-weekly.”</p>
  • Fox Biz Block: Pork, 'Massive' Debt and More Reasons to Oppose Stimulus

    02/09/2009 4:57:29 PM PST · by GOP_Lady · 6 replies · 566+ views
    Business & Media Institute ^ | 02-09-09 | Lauren O'Reilly
    Several analysts on FNC's 'Cost of Freedom' shows condemn Obama's fear-mongering and go on the record against the stimulus bill. President Obama has resorted to draconian fear tactics in an attempt to shore up support for an enormous stimulus package, but many FOX commentators including Steve Forbes and Ben Stein criticized the bill and Obama’s scaremongering on Feb. 7. At the White House, Obama said on Feb. 4, “A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession, a less robust recovery, and a more uncertain future.” Obama’s remarks grew harsher as...
  • Global Taxes and Global TV Now on the Agenda

    01/27/2009 8:10:10 PM PST · by Sammy67 · 28 replies · 1,045+ views
    FamilySecurityMatters ^ | 1/27/09 | Cliff Kincaid
    President Obama’s pick for Treasury Secretary, Timothy Geithner, is being urged to lay the foundation for “global governance” by considering “international taxation” measures to loot more money from U.S. taxpayers. The recommendation is included in the report, “The Global Agenda 2009,” which is being considered by the World Economic Forum (WEF), meeting in Davos, Switzerland, January 28th - February 1st. The WEF is not an official government group but does include dozens of government, corporate and labor leaders at its annual meetings. Media companies such as News Corporation (parent of Fox News, the Fox Business Network, and the Wall Street...
  • Where You Won't Shop In 2009 (store closings and bankruptcies)

    01/22/2009 6:10:53 PM PST · by Wolfstar · 67 replies · 2,924+ views
    Forbes ^ | 1/20/09 | Tom Van Riper
    While industry executives and shoppers will remember 2008 as the year the party ended, figure 2009 to be the year of the hangover. Already, Circuit City, Linens 'N Things and Mervyn's stores are going away. Sharper Image is too, though the company will continue to sell some of its high-end gadgets through license agreements with other retailers. More pain is on the way. One-third of U.S. women recently surveyed by America's Research Group said they plan no clothing purchases--none--in 2009. Normally, it's just 4%. That means the market is still far too saturated with stores. Expect closings and bankruptcies to...
  • Steve Forbes : Yay, Stocks!

    01/17/2009 7:00:43 PM PST · by SeekAndFind · 36 replies · 1,376+ views
    Forbes ^ | January 17,2009 | Steve Forbes
    Amazingly, equities will end the year up. Most shareholders will experience something they've forgotten existed: capital gains. True, the economy is now in a bad slump, and the Obama initiatives (see below) will do little, if any, long-term good. But the forces of recovery will break through. As they always do, stocks will rise before the economy does. There will be volatility aplenty, but imperturbable bulls will be smiling a year from now. Big Bar to Robust Recovery: Bad Ideas The U.S. is enacting a "stimulus" program of gargantuan peacetime proportions to rejuvenate our recessed economy. We are not alone...
  • Video: Steve Forbes Comments On Obama's Overhaul Of TARP

    01/09/2009 9:39:06 AM PST · by careyb · 2 replies · 680+ views
    Fox ^ | 1/9/09 | Steve Forbes
    Click here.
  • Billionaire Forbes labels UK's 45pc tax rate "brain dead"

    12/05/2008 6:13:48 PM PST · by bruinbirdman · 13 replies · 675+ views
    The Telegraph ^ | 12/5/2008 | Amanda Andrews
    Speaking to the Daily Telegraph, Mr Forbes, the owner of capitalist magazine Forbes, said that the Government's decision to increase the tax for those earning more than £150,000 was the "exact wrong thing to do to revive an economy and signalled the message: 'We don't like success.' " Mr Forbes said that the Government should have instead boosted the standard rate of tax for those earning up to £70,000. He added that the Government should have instead looked at reducing tax for the top tier of the population. "Why would you go back to old Labour ways?" he asked. "If...
  • Forbes: Paulson is 'worst' treasury secretary in modern times

    11/24/2008 3:18:49 AM PST · by WilliamReading · 80 replies · 1,965+ views
    WASHINGTON (CNN) — Forbes magazine President and CEO Steve Forbes called Treasury Secretary Henry Paulson “the worst treasury secretary we’ve had in modern times”, citing, among other things, the government’s handling of the housing crisis. In an interview with CNN’s Wolf Blitzer on Sunday, Forbes repeatedly called on the treasury secretary to be more straightforward about the money used to bail out mortgage giants Fannie Mae and Freddie Mac. “Have Henry Paulson do at least one thing right, and that is, have the government explicitly guarantee the debt of Fannie and Freddie,” the financial mogul and former Republican presidential candidate...
  • The Worst Is Not Behind Us

    11/13/2008 4:52:38 PM PST · by Comparative Advantage · 92 replies · 2,736+ views
    Forbes ^ | 11.13.08 | Nouriel Roubini
    It is useful, at this juncture, to stand back and survey the economic landscape--both as it is now, and as it has been in recent months. So here is a summary of many of the points that I have made for the last few months on the outlook for the U.S. and global economy, as well as for financial markets: --The U.S. will experience its most severe recession since World War II, much worse and longer and deeper than even the 1974-1975 and 1980-1982 recessions. The recession will continue until at least the end of 2009 for a cumulative gross...
  • The Next President -- It's Time To Restore Liberty

    11/10/2008 6:42:01 AM PST · by GOP_Lady · 11 replies · 176+ views
    Forbes.com ^ | 11-06-08 | Claudia Rosett
    The Next President It's Time To Restore Liberty Claudia Rosett 11.06.08, 12:00 AM ET With more than 63 million votes, President-elect Barack Obama--eloquent, young and bankrolled to the gunwales--has won the White House. That still leaves more than 55 million Americans who voted for the aging, outspent warrior, John McCain.
  • Forbes: Obama Will Be Forced to the Center

    11/06/2008 6:28:48 PM PST · by Publius804 · 66 replies · 2,247+ views
    moneynews.newsmax.com/ ^ | November 6, 2008 | Gene Koprowski
    Forbes: Obama Will Be Forced to the Center Thursday, November 6, 2008 2:52 PM By: Gene Koprowski Steve Forbes, editor-in-chief of Forbes magazine, says he expect President-elect Barack Obama to be forced by the economy to "govern from the center," not the far left, as some fear. "When Clinton came into office, the economy was growing at a 4 percent rate at the end of 1992. Now we have negative growth. Last quarter was 0.3 percent decline,” Forbes told Fox Business News. “So, short term, yes. Obama will move to the center. He is a calculating enough man to know...
  • Why did Forbes spike its story on Iran's support for Obama?

    11/04/2008 1:01:11 PM PST · by GodGunsGuts · 6 replies · 543+ views
    JihadWatch ^ | February 4, 2008
    November 4, 2008 Why did Forbes spike its story on Iran's support for Obama? Try this: search for "'Obama and Ahmadinejad' by Amir Taheri" at Google. The first link goes to Forbes magazine, which published Taheri's article on October 26. But if you click on that link, you get this: "Something's gone awry! The page you requested could not be found." (Thanks to Olivia for the heads-up.) You can still find the article in the Google Cache. But what I want to know is, Why has Forbes sent it down the memory hole? The Forbes editors should be decent enough...