Reagan Administration

Reagan Administration News

  • Obama Anti-Poverty Theme Trickles Down as Republicans Grab Issue

    President Barack Obama has taken control of the economic debate.

  • Republicans Asserting Reliance on Gold as World Loses Faith

    As the price of gold hit new highs following the 2008 financial crisis, Republicans saw the yellow metal’s steady ascent as a sign of trouble ahead.

  • Can Occupy Wall Street Replace the Labor Movement?

    When protesters settled in New York's Zuccotti Park in September, few anticipated how big a phenomenon the Occupy Wall Street movement would become. Soon, dozens of encampments were established around the world.

  • Jim Rogers' Boardroom Coup and the New Carbon Rules

    During the fireworks and record heat of Independence Week, Duke Energy closed its $26 billion merger with rival Progress Energy, creating the nation’s largest electric utility. Progress CEO William D. Johnson was to lead the expanded company—but just hours after the deal closed, the Board hastily installed Duke chairman and CEO James E. Rogers as chief executive of the merged company.

  • Stockman Warns of Crash of Fed-Fueled Bubble Economy

    The U.S. economy is in a bubble inflated by “phony money” from the Federal Reserve and will burst within a few years, warned David Stockman, who was budget director for President Ronald Reagan.

  • Senator Says U.S. May Be Paying Billions Extra for Parts

    A Senate committee chairman has demanded that the Pentagon explain four audits -- two involving Boeing Co. -- that he said shows the Department of Defense may be paying billions of dollars extra for spare parts.

  • Focus on Health-Care Costs Causes More Spending

    In 1983, the Ronald Reagan administration enacted one of the most significant cost reforms in Medicare’s history. The prospective payment system switched inpatient hospital reimbursement from open-ended fee-for-service to fixed fees paid per diagnosis.

  • David Stockman: the Next Ron Paul

    David Stockman first came to prominence as Ronald Reagan’s publicity-prone director of the Office of Management and Budget in the early 1980s. In the decades since he was fired from that job, his career in the leveraged-buyout business has been of no great distinction except that it included an indictment for fraud. (The charges were dropped and he paid $7.2 million to settle a civil case brought by the Securities and Exchange Commission.) Now here we are discussing his new book on the corruption of American capitalism, “The Great Deformation.”

  • Junk Debt Exceeds $2 Trillion in Central Bank Repression

    It took three decades for the amount of speculative-grade debt to reach $1 trillion. It took about seven years to reach $2 trillion as investors sought relief from the financial repression brought on by near-zero interest rates.

  • Navigant Consulting Sues Stockman Over Forensic Accounting

    David Stockman, the former Reagan administration budget director, was sued by the forensic accounting firm Navigant Consulting Inc. over claims he failed to pay $297,000 for work done for his defense in a fraud case.

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