I’ve always wondered what would happen once private equity players decided enough was enough and foreign oligarchs finished their real estate money laundering transactions. Well, we might be about to find out. According to RealtyTrac, foreclosures for homes worth $5 million or more are up 61% this year despite the fact that overall foreclosures are […]
Sen. Rand Paul vowed Friday to push a proposal to create “economic freedom zones” in Detroit that would slash taxes and regulatory red tape in an attempt to revive the city’s economy. Speaking at the Detroit Economic Club, Mr. Paul, a potential 2016 GOP presidential candidate, said that the model could be used in cities […]
(CNSNews.com) – Almost 11 million people couldn’t find a job in November, and for those who don’t earn a paycheck, unemployment benefits work for the economy, too, a leading Democrat says. “Economists agree that unemployment benefits remain one of the best ways to grow the economy in a very immediate way,” House Minority Leader Nancy […]
(CNSNews.com) – Federal, state and local governments hired a net additional 338,000 workers in November, equaling 41 percent of the total of 818,000 net additional jobs created in the United States during the month. At the same time, the unemployment rate for government workers fell from 4.4 percent in October to 3.2 percent in November. […]
(CNSNews.com) – In a message to its members, MoveOn.org, a liberal advocacy group, hailed the Social Security “expansion movement” launched by Sen. Elizabeth Warren (D-Mass.). In a speech on the Senate floor, and in television interviews, Warren recently declared, “The era of fighting about cutting Social Security is over, and now it is time to […]
(CNSNews.com) – Rep. Earl Blumenauer (D-Ore.) says his plan to nearly double the federal gas tax is needed because the tax hasn’t been raised in years and a decrease in fuel tax revenues has occurred due to the improved fuel efficiency of vehicles. When discussing his proposal on Fox News Dec. 3, Blumenauer said, “First of all, […]
Food stamp spending is at historic highs—it has doubled twice since 2000. Now some on Capitol Hill say the House is trying to make major cuts to the program, but they’re really making some much-needed policy reforms that would achieve modest savings. The House bill proposes a small 5 percent reduction, while the Senate proposes […]
For months, Heritage scholars have warned that the Obama Administration created incentives for fraud by allowing Obamacare insurance subsidies to basically operate under an “honor system” instead of requiring the IRS to verify incomes of Americans eligible for subsidies. The Treasury Department’s watchdog confirmed those fears by warning that Obamacare subsidies may be vulnerable to […]
The first month of the new health law’s rollout reveals an unexpected pattern in several states: a crush of people applying for an expansion of the free government funded Medicaid and a trickle of sign-ups for private insurance. This Obamacare imbalance , nine out of 10 enrollees are in Medicaid — has taken some experts […]
, the noted economist who correctly predicted the U.S. housing bubble and its collapse, now sees an impending housing market train wreck of global proportions, with housing markets in 18 countries vulnerable to a meltdown. In a column for Project Syndicate, Roubini, an economics professor at New York University, wrote that “signs of frothiness, if […]
