Today the Bureau of Labor and Statistics released its monthly jobs report showing that the U.S. economy added only 103,000 jobs this December. With the unemployment rate now at 9.4%, this marks the 20th month in a row that the unemployment has been over 9 percent, a post–World War II record. You are going to […]
We have a $13 TRILLION dollar debt that is generating an additional $4 billion dollars in interest every single day of the year, so $4b X 365 days a year equals $1.460 TRILLION dollars more in debt each year, and the last time I checked that was more than all annual government income sources combined. […]
The former president of Shell oil is predicting that the United States will face 1970s-style energy shortages and rationing by the end of the decade, accusing the federal government of turning its back on the country’s domestic oil supply. The dire prediction comes as energy analysts toss out a string of frightening predictions about the […]
New York City’s Department of Investigation (DOI) announced Friday that it is looking into reports that some Sanitation Department supervisors told workers to slow their snow removal efforts as a protest against budget cuts. DOI spokeswoman Diane Struzzi told Businessweek: “What we are looking at is whether there was intentional misconduct relating to the snow […]
Elizabeth Scalia– A few years ago I had occasion to spend a few days in Vienna. The beautiful city of museums and music remains a favorite but a forlorn one; its charming avenues and architecture and nightly concerts could not fully distract from the sleepy sense of diminishment that hung over the city, like the […]
Minister says country can’t take in anymore illegal immigrants; says barrier will be similar to wall built on US-Mexico border. Greece announced that it plans to build a wall along its border with Turkey to keep out illegal migrants, according to news reports Saturday. Citizen Protection Minister Christos Papoutsis said “Greek society has reached its […]
Mary Umberger, Chicago– People who have been delaying putting their homes on the market should do it soon because prices may go down 5% to 8% as banks unload a glut of repossessed properties, Steve Harney tells agents. Sell now, avoid (some) regret later. That was Steve Harney’s advice recently to a roomful of real […]
David Dreman– Big Ben has done it again, but what he’s done he didn’t mean to do. QE2 is the moniker affixed to the Fed’s second round of quantitative easing, a salvo to jump-start the economy and stave off deflation. Last month the Fed, in a bit of monetary magicianship, began buying the first of […]
Within days of Obamacare’s passage, The Heritage Foundation began documenting all of the ill Side Effects the new law was inflicting on our country. It has been The Foundry’s most popular feature by far. The Side Effects index page is the third highest trafficked page on the blog. Continuing our Top Ten in 2010 series, […]
This year, as the clock strikes twelve on New Year’s Eve, Americans who depend on health savings accounts (HSAs) to make medical expenditures more affordable will experience first-hand yet another adverse side effect of Obamacare. Starting in 2011, American families will no longer be able to use HSAs to purchase over-the-counter drugs, such as cough […]
