A new article published yesterday in The Wall Street Journal, featuring new research by The Heritage Foundation, tries to slice through the rhetoric on trade policy during a week when the Obama Administration announced a new trade suit against China. The article reaffirms the basic benefits that free trade brings to our economy. Not only […]
Dismal jobs reports and high unemployment continue to weigh down the U.S. economy, but there are a few bright spots. Most notable among them: energy production, particularly the shale oil and shale gas revolution. The technological one-two punch of horizontal drilling and hydraulic fracturing has created a remarkable energy boom and created hundreds of thousands […]
A Census report signals that for much of America, the economic downturn has produced not one lost decade but two. But the data also show that federal safety-net programs helped keep people out of poverty. The typical US household saw its income fall last year to 1989 levels. That news, contained in a US Census […]
When Chicago teachers began their strike on Monday, critics rightly pointed out that the city already pays one of the highest average teacher salaries in the nation. Even more important, however, is the generous retirement package received by Chicago public school teachers. A Chicago teacher who retired in 2011 after 30 or more years of […]
Inside story of Obama’s struggle to keep Congress from controlling outcome of debt ceiling crisis By Bob Woodward President Obama summoned the top four congressional leaders to the White House on Saturday morning, July 23, 2011. The night before, House Speaker John A. Boehner had withdrawn from negotiations to raise the $14 trillion federal debt limit […]
(Reuters) – German Finance Minister Wolfgang Schaeuble questioned on Tuesday how the United States could deal with its high levels of government debt after November’s presidential election. In a speech to the Bundestag lower house of parliament to open a debate on the 2013 German budget, Schaeuble said worries about U.S. debt were a burden […]
With three-quarters of potential cocaine shipments sliding under their noses, United States authorities are having a hard time keeping up with the Latin American drug cartels. Part of the problem, a new report in The New York Times says, is the fact that the famously daring and elusive drug-running submarines aren’t just operating in the […]
President Obama’s auto bailout is being touted as a great success of his Administration. Speaking in Detroit at a Labor Day rally, Vice President Joe Biden used it to explain how Americans were better off. “Osama bin Laden is dead and General Motors is alive,” Biden boasted. In Charlotte, former President Bill Clinton cited the […]
On Friday, Bloomberg News reported another embarrassing fact about the recently completed Democratic National Convention: it operated at a $15 million deficit. In a move certain to raise eyebrows at the Federal Election Commission, $10 million of that deficit was covered by a temporary line of credit from Duke Energy Corporation. Even with that borrowed […]
Bernard Arnault, France’s richest man and chief executive of luxury group LVMH, said on Saturday he had applied for Belgian nationality, citing personal and business reasons. Announcing the move a day after Socialist French President Francois Hollande said he would press ahead with a new tax on the super rich, Arnault claimed he would continue […]
