How does a pencil represent what Adam Smith called “the invisible hand” of the free market? A new film by the Competitive Enterprise Institute has adapted Leonard Read’s famous essay, “I, Pencil: My Family Tree As Told to Leonard E. Read,” to answer this very question. Originally published in 1958 in an issue of The […]
In the wake of the devastation wrought by Hurricane Sandy, storm victims are also suffering from a New Jersey state law that prohibits businesses from raising their prices more than 10 percent “within 30 days of a declared state of emergency.” Despite the intentions of New Jersey legislators, laws intended to prevent so-called “price gouging” […]
The Department of Energy’s clean energy grant-making program delivered a reimbursement to ailing battery maker A123 approaching $1 million on the same day the company filed for bankruptcy, according to Reuters: The company, which makes lithium ion batteries for electric cars, filed for Chapter 11 bankruptcy protection last month after a rescue deal with Chinese […]
After a nearly weeklong session, the new Chinese leadership has been unveiled. It isn’t a surprise, but it is a disappointment for anyone harboring hopes for a new, more positive trajectory in U.S.–China relations. There is no one in the emerging top Chinese leadership who could be counted on as an economic reformer, much less […]
According to research by Politico, interest in the impending automatic defense cuts took a dive leading up to the election. But as the post-election polling and punditry subside, American citizens are returning their focus to pressing matters such as the so-called fiscal cliff and sequestration. Yet on Capitol Hill—where these potential defense cuts are a […]
I don’t think it’s an exaggeration to say that Barack Obama is damaging America more than any other president in its history. Here are ten of the biggest ways Obama is destroying America. 1. He’s running up crushing federal debt at a level unprecedented in American history. We are talking trillions upon trillions of dollars […]
The laundry room at the U.S. consulate in Benghazi, Libya. (Photo: MCT/Newscom) On Thursday, members of the House Foreign Affairs Committee and the House and Senate Intelligence Committees should bring us closer to an understanding of what went so disastrously wrong at the U.S. consulate in Benghazi during the terrorist attack on September 11 that […]
In September, Scribe reported that Promised Land, a forthcoming film written by and starring Matt Damon, is financed in part by the oil-rich United Arab Emirates. The script for the film has now been leaked, and is embedded below. Journalists Phelim McAleer and Ann McElhinney obtained the script and posted it on the Facebook page […]
(L-R) Chinese President Hu Jintao, Chairman and Party Secretary of the Standing Committee of the National People’s Congress Wu Bangguo, and Premier Wen Jiabao. (Photo: EPA/Newscom) Hu Jintao, Wu Bangguo, and Wen Jiabao will step down from the top of the Chinese Communist Party this week. In four months, or thereabouts, they will surrender their […]
Americans are worried about the “fiscal cliff,” which is when tax cuts expire under Obama and spending cuts are set to go into effect at the end of the year. Fearing an increase in capital gains and dividend taxes under Obama, many Americans are unloading stocks, businesses and homes before the end of the year. […]
