The odds the United States will slip back into recession next year have risen, ratings agency Standard & Poor’s said, citing risks from the European debt crisis and budget tightening at year-end. The US ratings firm raised the chance of the US falling into recession to 25 percent, up from a 20 percent chance estimated […]
Peter Diamond and Emmanuel Saez (Wall Street Journal High Tax Rates Won’t Slow Growth) offer a beguiling Leftist narrative: The 1% will cough up incremental tax revenue up to a 70 percent rate without cutting the things they do to generate economic growth. We can then use their money to fund “higher-return public investments” (such […]
Over the last hundred years the Earth has been warming. This warming is believed to lead to many issues such as drought, weather extremes and famine. The man made global warming theory states that man made CO2 is causing Earth to warm at an alarming rate; thus, the warming will continue. Over the last hundred […]
Columnist Chris Street was heavily criticized last week by the left and the right for publishing “CALIFORNIA DEFAULT RISK TURNS BROWN INTO A CAPITALIST.” Their report highlighted that California Governor Jerry Brown is steam-rolling environmentalists and regulators to generate more state tax revenue by expediting approval of pro-business infrastructure. But the detractors were stunned to […]
The New York Times reports that an “ambiguity” in President Obama’s signature health care law may make the Affordable Care Act unaffordable for millions of American workers and their families. Ironically, the glitch is Clintonesque in nature, over the meaning of the word “affordable.” The definition of the word could have enormous practical repercussions in […]
By Craig Steiner Time and time again, anyone reading the mainstream news or reading articles on the Internet will read the claim that President Clinton not only balanced the budget, but had a surplus. This is then used as an argument to further highlight the fiscal irresponsibility of the federal government under the Bush administration. […]
The European Union has decided that the city of Modiin-Maccabim-Reut (Modiin) is not a part of Israel. The city was built on what was no-man’s land after the 1948 War of Independence, and therefore will not be considered Israel proper, EU officials said. The decision was made as part of an EU initiative to decide […]
President Obama has made taxing the rich the centerpiece of his reelection campaign. He talks incessantly about it. It is a key part of his jobs package. So far, an apt summary of the Obama presidency might very well be: “He killed Osama bin Laden and he really, really wanted to tax the rich.” The […]
Why are Greece, Spain, Italy, Portugal and so many other countries experiencing depression-like conditions right now? It is because they have too much debt. Why do they have too much debt? It is because they allowed themselves to become enslaved to the bankers. Borrowing money from the bankers can allow a nation to have a […]
Small firms such as restaurant franchises are under more pressure to rein in expansion plans since the Supreme Court in June upheld the main provisions of the Affordable Care Act, known as Obamacare. Randall Tabor, who owns two Quiznos sandwich restaurants with 36 workers in Virginia Beach, Va., has rolled back earlier plans he had […]
