In Case You Missed It...

Detroit News Editorial: Politicized accounting

April 13, 2010 — In Case You Missed It...

Back at the turn of the 21st century, the big accounting scandal was that firms such as Enron were allowed by their accountants to use gimmicks to inflate their profits. There were demands that the accounting profession take a harder line with corporate clients, and federal legislation was adopted to ensure that balance sheets were more realistic.Now, according to ...

World Tariff Wars

April 09, 2010 — In Case You Missed It...

President Obama launched his National Export Initiative last month. Objective: Double exports in five years. Sounds good. Too bad some of our trading partners missed the memo.Brazil, in the same week, announced a plan to impose new tariffs on 102 U.S. products. On some items, the tariffs will go as high as 100%. In all, it will affect about $1 ...

Health care hit didn’t take long

March 31, 2010 — In Case You Missed It...

While most of the purported benefits of health-care insurance reform are years away, it took only a few days for a serious, unintended consequence to emerge.Last week, telecommunications giant AT&T, which employs more than 280,000 people, announced it would take a $1 billion, non-cash, first-quarter loss because the bill ends an exemption on ...

Official: Mass-type care could ‘wipe out’ economy

March 18, 2010 — In Case You Missed It...

The Massachusetts treasurer said Tuesday that Congress will "threaten to wipe out the American economy within four years" if it adopts a health care overhaul modeled after the Bay State's Treasurer Timothy Cahill -- a former Democrat running as an independent for governor -- said the 2006 law has succeeded only because of huge subsidies and favorable regulatory ...

Salesman in chief

March 15, 2010 — In Case You Missed It...

PRESIDENT OBAMA wants to double U.S. exports between now and 2015, and it's a worthy goal. It won't be easy: Exports fell from $1.8 trillion in 2008 to $1.5 trillion in 2009, due to the global recession. But, as the president suggested in a speech Thursday, a big boost in sales of U.S. goods and services abroad would support 2 million American jobs. And some of his ideas could help that ...

Back to the ObamaCare Future

March 01, 2010 — In Case You Missed It...

Natural experiments are rare in politics, but few are as instructive as the prototype for ObamaCare that Massachusetts set in motion in 2006. The bills for "universal coverage" are now coming due, and it appears the state political class is prepared to do lasting damage to one of America's top-flight health-care systems.Last month, Democratic Governor Deval ...

It’s time to reflect on failure of stimulus

February 17, 2010 — In Case You Missed It...

Today marks the one-year anniversary of the $787 billion stimulus package being signed into law. Now is the time for Congress to take stock of what’s transpired this year. It’s time to evaluate why the stimulus has been ineffective in creating jobs and to refocus on proven, bipartisan measures to rejuvenate our economy. And it’s time to work toward the recovery the American people ...

That rock in the health-care road? It’s called the Constitution.

January 14, 2010 — In Case You Missed It...

Although Democrats think their health-care legislation faces smooth sailing to implementation, there is a rock dead ahead -- a constitutional challenge to the legislation's core. Democrats who assume it is constitutional to make it mandatory for Americans to purchase health insurance should answer some questions:Would it be ...

Medicare and the Mayo Clinic

January 06, 2010 — In Case You Missed It...

PRESIDENT OBAMA is a great admirer of the Mayo Clinic. Time and again he has extolled it as an outstanding model of health care excellence and efficiency.“Look at what the Mayo Clinic is able to do,’’ the president proclaimed at a rally in September. “It’s got the best quality and the lowest cost of just about any system in the country. . . . We want ...