National Institutes of Health: No Room for Sequestration Cuts?
The National Institutes of Health (NIH) made it onto an Obama Administration fact sheet listing the “most damaging effects of a sequester on the middle… Read More
Morning Bell: Where Could We POSSIBLY Cut the Federal Budget?
If you had to cut your family’s budget, where would you cut? Would you immediately start starving your children and stop wearing shoes? Of course… Read More
Kosovo’s Independence Welcome, but Work Still to Be Done
Republic of Kosovo’s Prime Minister Hashim Thaci, in his February 17 speech commemorating the 5th anniversary of the country’s independence, expressed pride in his country’s… Read More
EconomyNews
TSA: No Room for Sequestration Cuts?
President Obama claims that unless Congress raises taxes to undo the imminent automatic budget cuts as sequestration, the Transportation Security Administration (TSA) would be forced… Read More
Rule of Law Essential for Business
In a globally competitive world, competition is key. Fundamental for competition is the rule of law, according to Myron Brilliant, Senior Vice President for International… Read More
Morning Bell: Obama and the Seuss-quester
On Pennsylvania Avenue, right near the end, there lived a President who wanted to spend. He knew spending meant power, so hour by hour, he… Read More
Protectionist Jones Act Harms Puerto Ricans
An obsolete U.S. law known as the Jones Act makes people in Puerto Rico poorer, according to a new report from the Federal Reserve Bank… Read More
EconomyNews
Mr. President, Don’t Forget: Imports Create Jobs, Too
Trade is again on President Obama’s agenda thanks to some high-profile mentions in his State of the Union address last Tuesday. According to the President,… Read More
In Congress, a Welcome Desire for “Regular Order”
As Members of Congress left town last week for the Presidents’ Day break, a refreshing and commendable sentiment followed them: nostalgia for the “regular order”… Read More
Room for Improvement When It Comes to Services Trade
The Obama Administration recently announced its intention to begin negotiations on an agreement to expand international trade in the services industry, such as the telecommunications,… Read More
Mexico Poised to Become an “Aztec Tiger”
Newly installed Mexican President Enrique Peña Nieto is seeking to revamp Mexico’s economy, and one tool he has already pursued is labor reform. It is… Read More
Chart of the Week: High Public Debt Damages Economic Growth
When President Obama says he wants “a smarter government that sets priorities and invests in broad-based growth,” he means more government spending. This is why… Read More
Declining Economic Freedom and Growing Statism: The BRICs Are Hitting the Wall
Economist Nouriel Roubini warned late last month at the World Economic Forum that economic growth in the so-called BRIC countries (Brazil, Russia, India, and China)… Read More
Hard to Justify Across-the-Board Federal Pay Raises
The House just voted on a proposal to extend President Obama’s (misnamed) “federal pay freeze” for another year. While Congress has better ways of reducing… Read More
Krugman Still Wrong on Federal Spending and the Economy
A not-so-small cottage industry has grown up refuting liberal economist Paul Krugman’s public pronouncements. It’s not a hard industry to join, and there’s plenty of… Read More
EconomyNews
Morning Bell: Why Should I Care About the U.S. Debt?
You’re busy. So busy you barely have time to read these words. So why should you care about the us debt? Does it affect your… Read More
Feds Foreclose on $2 Billion Consultants’ Bill
President Obama assured the nation in his State of the Union speech on Tuesday that the housing market is “healing,” although mortgage credit remains extremely… Read More
Japan’s Economy – What Really Matters
Japanese gross domestic product (GDP) fell for the third straight quarter (October–December) and was essentially flat for 2012 as a whole. This continues two decades… Read More
Watch Out…The President’s Talking “Balance” Again
If you aren’t nervous, you should be. The President is, once again, talking about a “balanced approach” to fixing sequestration—the across-the-board budget cuts scheduled to… Read More
Be Mine: Sugar Industry Should Welcome Free Trade
Valentine’s Day is synonymous with roses, chocolate, and those wonderfully sweet heart-shaped sugar candies. What isn’t so sweet about the holiday of love is the… Read More
EconomyNews
A Simple and Wrong Answer to Poverty: Increasing the Minimum Wage
During last night’s State of the Union address, President Obama proposed fighting poverty by raising the minimum wage. It sounds appealing but it will not… Read More
Dodd-Frank: Dismal Findings on Rulemaking
Two recent reports document anew the failure of federal agencies to meet the extensive rulemaking requirements of the Dodd–Frank statute. The regulatory backlog highlights how… Read More
Cutting Federal Waste: Not a Silver Bullet, but Still Important
President Obama’s State of the Union Address tomorrow evening provides him with a chance to explain how he would put the country on a path… Read More
U.S.–China Trade: Don’t Let the Numbers Fool You
The numbers for America’s trade in 2012 came out on Friday and, as usual, China is prominent. America’s goods trade deficit with China broke the… Read More
Obama Jobs Council Disbanded – Despite Economy, Jobs as Top Priority for Americans
President Obama has allowed his jobs council to expire – even though “strengthening [the] economy” and “improving [the] job situation” continue to be top priorities for the… Read More
Free Trade Twist: China No Longer Cheapest Labor
As wages in China rise with economic growth, some companies are beginning to look elsewhere for what was once China’s selling point: cheap labor. It… Read More
VIDEO: Dr. Ben Carson Speaks Truth to Power at National Prayer Breakfast
Yesterday, world-renowned neurosurgeon Dr. Ben Carson presented the keynote address at the 61st Annual National Prayer Breakfast. With President Barack Obama, Vice President Joe Biden,… Read More
Upstate South Carolina: A Case Study in Free Trade Benefits
Greenville, South Carolina, is the ninth-fastest growing city in the United States, according to CNN Money. Two of the main contributors to this rapid growth… Read More
EconomyNews
Sending a Message: USPS Sinks Saturday Service
The U.S. Postal Service (USPS) caused an uproar yesterday when it announced that it would be ending Saturday delivery of letter mail this August, saving… Read More
Tales of the Red Tape #39: Swapping Wealth Creation for Regulatory Claptrap
Not many people know the meaning of “swap” (as in a financial hedge, not flea market). Only the most sophisticated investors actually understand the complexities… Read More
