Former Speaker of the House and Republican presidential candidate Newt Gingrich on Tuesday outlined what he believes are the major problems with the congressional “Super Committee” that will devise a deal to cut the federal budget in the coming months. Gingrich, speaking at the Heritage Foundation, broke the problems down into three categories: constitutional, intellectual, […]
NEW YORK (TheStreet) — The financial system is on the brink of collapse after trillions in bad loans were issued by greedy bankers. If you were a U.S. political figure, would you: A.) Tell everyone to suck a lemon, and (maybe) let the economy implode. B.) Fire the bankers who made the bad loans, prosecute […]
With unemployment stuck above 9 percent, Washington is trying to “pivot to jobs” once again. And already the discussion feels tired. The White House’s much-hyped ideas don’t seem bold enough, and Republicans have had little to offer aside from the idea that reducing government regulation will somehow let the free market work its magic. A […]
London is reeling from three nights of rioting that’s poured hundreds of people into the streets, leaving several local neighborhoods in shambles. One man is dead, dozens injured and arrested. The protests have now spread to other cities, with violence reported in parts of Birmingham, Liverpool and Bristol. Great Britain and other parts of the world […]
Over the past six months, Wisconsin has been nothing short of a miracle. Newly elected Governor Scott Walker and the Republicans in the majority in Madison got just about everything they wanted during the past legislative session, and a state facing a projected $3 billion budget shortfall with no end in sight now has a […]
ABC News’ Gregory Simmons (@abcgregory) reports: While the bulk of GOP hopefuls jockey for position this week in Ames, Iowa, ahead of Saturday’s straw poll, one former contender has signaled he might jump back in. In a phone interview from New York Monday afternoon with CNN, Donald Trump said he “would seriously consider” While discussing the recent […]
The folks at the MacIver Institute for Public Policy, a Wisconsin-based free market think tank, have compiled a stunning infographic on the network of liberal groups, most of them labor unions, that have poured money into the State Senate recall elections. The elections, which will be held Tuesday, are the latest battle in an ongoing […]
by Daniel Pipes July 20, 2011 updated Aug 6, 2011 This weblog entry is dedicated to the oil rich who find creative new ways to burn through excess funds, listed in reverse chronological order. Spell your name out on sand in kilometer-high letters: A member of Abu Dhabi’s ruling family, Hamad Bin Hamdan Al Nahyan, […]
WASHINGTON (Reuters) – The U.S. Postal Service posted a net loss of $3.1 billion in its third quarter and warned again it would default on payments to the federal government if Congress did not step in. Total mail volume for the quarter that ended June 30 fell to 39.8 billion pieces, a 2.6 percent drop […]
Other countries have had downgrades and been fine so why is this different? Here’s what people don’t understand: Unlike other sovereign debt downgrades such as europe or japan that have happened, the U.S. treasury securities are unique as a substitute for cash/dollars. No other country is like this, their securities are considered risk investments not […]
