No Rise in Home Prices Until 2020
Home prices are unlikely to recover before 2020 and mortgage defaults will persist for years, says a survey of bank risk managers out Friday. The Survey conducted by the Professional Risk Managers’ International Association for FICO, found that 49 percent of respondents do not expect housing prices to rise back to 2007 levels for another […]
World is heading for ‘Great Stagnation’
There is a growing risk that the global economy will move from the ‘Great Recession’ into the ‘Great Stagnation’, according to economists at Goldman Sachs. By Angela Monaghan, Stagnations typically mean long periods of sluggish growth of about 0.5pc, low inflation, rising and sticky unemployment, stagnant house prices, and lower returns on shares, they said. […]
A Rational Fear of Islamism
In recent months, several reports have appeared to a generally uncritical reception in the press, which purport to expose alleged conspiracies organized by “Islamophobes” against American citizens who mean us no harm. These reports single out for condemnation a dozen prominent conservative figures (and mostly the same dozen) who have publicly criticized the misogyny, bigotry, […]
Making It Easy to Remember America’s First Principles
Knowing America’s history well is one of the first steps to becoming a well-rounded and knowledgeable conservative. It’s not always easy to remember the many dates, speeches, people, and events from the past 235 years, and The Heritage Foundation knows that. As a result, we have created a new one-stop shop for America’s first principles […]
National Organization for Marriage Announces New Marriage Anti-Defamation Alliance
The National Organization for Marriage recently announced the launch of a new project called the Marriage Anti-Defamation Alliance. This vital project responds to growing concerns about the reprisals directed against many people who support marriage as one man and one woman. The Heritage Foundation has documented, for example, how people who supported Proposition 8, the […]
Here Comes the Durbin Tax
As if further evidence actually is needed, Bank of America on Thursday demonstrated yet again how government price controls inevitably harm consumers—and low-income consumers the most. In this instance, the nation’s largest bank (by assets) announced on Thursday a new $5 monthly fee for use of a debit card. Several other banks are likewise imposing […]
Fan of Chris Christie? His Links to HAMAS
By Debbie Schlussel– Are you a fan of Republican New Jersey Governor Chris Christie, a darling of the Tea Party activists? Are you planning to support him for the Republican nomination for President in 2012, for which he’s rumored to be planning a run? The conventional wisdom is that Christie’s biggest drawback is his obesity. […]
The Solyndra Legacies
The Obama Administration has been knee-deep in scandal after green energy “model” Solyndra went bankrupt less than two years after receiving a $500 million loan guarantee from the federal government. Now, they are up against another controversy. Days before a recent deadline, the Department of Energy brazenly approved two additional loans for more than $1 […]
China’s Law of the Sea Treaty Double Game
Former U.S. Ambassador to the United Nations John Bolton and former Defense Department official Dan Blumenthal have written an interesting and timely op-ed about China and the Law of the Sea Treaty (LOST). In “Time to Kill the Law of the Sea Treaty—Again,” the authors describe the duplicitous double game that China plays in the […]
Obamacare’s Soaring Price Tag
On January 21, 2009, Barack Obama stood on the steps of the U.S. Capitol and, in his inaugural address, pledged to America that he would “wield technology’s wonders to raise health care’s quality and lower its cost.” What he did wield, of course, was a 2,000-page bill known as Obamacare. More than a year on, […]
On “Costless” Benefits for Public Workers
In our work on public sector compensation, Andrew Biggs of the American Enterprise Institute and I have routinely counted enhanced job security as a benefit for public workers, and we have tried to quantify just how valuable it can be. Some critics have argued that public workers actually have no extra job security, but this […]
