Carl F. Horowitz

Leveraging Fannie and Freddie

 

In the world of investment, one of the main methods of moving a project forward is called “leveraging.” By committing a modest sum of money, a funding source can be a catalyst for funds from other sources. Leveraging also can bring to fruition projects of the wrong kind — like the perpetual project of nonprofit […]

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Let’s Make a Deal

 

Whatever happened to ULLICO? From 2002 to 2004, it was hard to avoid the headlines. The Union Labor Life Insurance Company was organized labor’s version of Enron. The company’s board members and upper management had made millions and possibly tens and even hundreds of millions of dollars from what appeared to be flagrant insider trading, […]

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Anheuser-Busch v. Alito

 

Fred Smith, president of the Competitive Enterprise Institute, knows the instincts of anti-business activists as well as anyone. And his advice to corporate leaders who contemplate buying off their tormentors is this: Don’t. Political bribery won’t work, except maybe in the short run. “A lot of companies think that by admitting their failures to accusers, […]

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Wal-Mart: Ready, Aim, Fire!

 

This Friday, November 4, a new documentary, Wal-Mart: The High Cost of Low Price, will open in selected cities. Produced and directed by Robert Greenwald, the filmmaker who gave us Uncovered: The War in Iraq (2003) and Outfoxed: Rupert Murdoch’s War on Journalism (2004), it purports to probe the vile underbelly of the world’s largest […]

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Labor’s Family Feud

 

The AFL-CIO, as most people by now have heard, is traveling a good deal lighter these days. Two of its largest unions, the Teamsters (1.4 million members) and the Service Employees International Union (1.8 million workers), in absentia, had announced on the first day of the labor federation’s 50th anniversary convention in Chicago during July […]

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The Five Percent Solution

 

These are not the best of times for mortgage giants Fannie Mae and Freddie Mac. Each company recently had to restate billions of dollars of earnings in the wake of revelations of accounting irregularities and lavish executive compensation. But a misguided new proposal in Congress, part of a much larger reform bill, only would deepen […]

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