Attacking capitalism never seems to go out of style. Over the past 100 years, few institutions have been attacked so fiercely, so falsely and so foolishly. Yet capitalism’s resilience continues. Governments based on the idea that capitalism is evil and that the state can create wealth by controlling an entire economy have risen and fallen […]
The number of people who bought existing U.S. homes in November declined for the third straight month. Higher mortgage rates have made home-buying more expensive, while the lingering effect of the October government shutdown might have deterred some sales. Home re-sales fell 4.3 percent to an annual rate of 4.90 million, the National Association of […]
Nearly 6.4 million homeowners in the United States are still “underwater” on their mortgages, owing the bank more than their house is worth, experts say. “Nearly 6.4 million homes, or13 percent of all residential properties with a mortgage were still in negative equity at the end of the third quarter,” said CoreLogic, an Irvine, California […]
The Federal Reserve announced Wednesday it would start to taper its aggressive bond-buying program to $75 billion a month beginning in January, propelling the market to a record close. The FOMC also announced it would lower its monthly long-term Treasury bond purchases to $40 billion and mortgage-backed securities to $35 billion a month, both reductions […]
During 2013, America continued to steadily march down a self-destructive path toward oblivion. As a society, our debt levels are completely and totally out of control. Our financial system has been transformed into the largest casino on the entire planet and our big banks are behaving even more recklessly than they did just before the […]
Bill Clark/CQ Roll Call/Newscom Next week, the Senate will consider the Ryan-Murray budget deal — a spending plan that disappoints conservatives and believers in a limited government that manages its finances. Earlier during the negotiations between House Budget Chairman Paul Ryan (R-WI) and Senate Budget Chairwoman Patty Murray (D-WA), my colleagues and I at Heritage […]
December 11, 2013 14:36 by Pesach Benson Audit finds EU pays Palestinian civil servants in Gaza who haven’t worked in six years. AP writes: Some 65,000 civil servants and members of the security forces in Gaza stopped reporting to their jobs in 2007, when the Islamic militant Hamas seized the territory from Palestinian President Mahmoud […]
Under Obamacare the CHEAPEST health insurance policies available to the typical American working family will cost $20,000 per year. Other effects of the 2,572 page law include: -Premium increases up to 413% for some individuals. -An average $4,100 premium increase for families. – The penalty for taking money out of a Healthcare Savings Account for […]
The Murray-Ryan budget surfaced Tuesday night, and led the conversation between House conservatives this morning at The Foundry’s Conversations With Conservatives. Missed the event? We’ve compiled an exclusive list of some of their comments below. On the Murray-Ryan Budget Deal: Representative Mick Mulvaney (R-SC): Now we’ve raised the debt ceiling over a trillion dollars this calendar […]
Members of Congress on both sides of the aisle expressed skepticism about the Bipartisan Budget Act of 2013 as details emerged Tuesday night. Watch the clip to 0:45 to see what the liberal says and then stick around until 1:34 to hear from the conservative. Appearing on CNN’s “Crossfire,” Representatives Adam Schiff (D-CA) and Tim […]
