Elon Musk mystique is a phrase that aptly explains the lofty valuation that investors have given his innovative electric car company, Tesla Inc.

“This once proud city cannot pay its debts.”

Other California cities are left to reckon with an increasingly intractable problem.

When did Californians become stupid?

The Detroit and California bankruptcies are not alike; they suffer from quite different ailments.

Detroit should be made a tax-free enterprise zone

The bankruptcy filing does not “honor” Barack Obama.

They spent money like tomorrow would never come, but tomorrow came yesterday.

More taxpayer subsidies poured into absurd business models.

Public services and taxpayers suffer first while union members and public retirement systems are protected.

Taxpayers are funding ‘excessive’ compensation.

The competition for America’s worst city is spirited, but Detroit is a strong contender.  Decades of one-party Democrat rule have left the bleak vision of a near-future Detroit from “Robocop” looking mildly optimistic.  The city made some headlines last year | Read More »

A shiver of hope ran through snack-loving Americans on Tuesday, as Hostess Brands made a last-ditch effort to negotiate with its recalcitrant “partners” in the Bakery, Confectionery, Tobacco Workers, and Grain Millers International Union.  The union only represents 30 percent | Read More »

The Hostess Bakery bankruptcy is a classic example of costs created by labor unions that are not confined to paychecks.

Hostess Brands is going out of business. Goodbye, Twinkies. Farewell, Wonder Bread. Thank you unions…

Colorado Distribution Group is a privately held storage and shipping company based in Denver. Thanks to hope-a-nomics, its warehouse is saddled with nearly 7,000 pallets of federally subsidized solar panels.

“But don’t forget, you put $90 billion – like 50 years worth of breaks – into solar and wind, to Solyndra and Fisker and Tesla and Ener1. I mean, I had a friend who said, you don’t just pick the | Read More »

Not only did we bid a fond farewell to another of Barack Obama’s carefully selected losers today, battery maker A123 Systems, but as Reuters reports, a lot of jobs in the wind turbine industry are looking shaky: Danish wind turbine maker Vestas said | Read More »

“The Greece next door,” as Illinois is sometimes called, just got hit with a credit downgrade from Standard & Poor’s.  The state dropped from A to A+, which puts it just above bottom-ranked California on the S&P scale, and Illinois | Read More »

Those who thought Chapter 9 bankruptcy could be a useful option to help troubled cities get their books in order have miscalculated.