Last November, President Obama effectively abandoned America’s longstanding free trade Internet policy established by President Clinton, in favor of a protectionist Internet industrial policy to benefit America’s national champions, Silicon Valley, under the guise of “net neutrality” policy.
Congressman Peter Roskam (R-IL) joins Budget & Tax News managing editor Jesse Hathaway to talk about the issue of the Internal Revenue Service’s (IRS) use of civil asset forfeiture laws to seize innocent citizens’ assets, based on suspicions that they really are financial criminals.
If you don’t visit Somewhat Reasonable and the Heartlander digital magazine every day, you’re missing out on some of the best news and commentary on liberty and free markets you can find. But worry not, freedom lovers! The Heartland Weekly Email is here for you every Friday with a highlight show.
Even though national gas prices have only been under $3 per gallon for less than five months, governments across the country have already started to propose major energy tax increases in an effort to find an easy way to alleviate budget shortfalls.
The Bureau of Labor Statistics (BLS) released its January 2015 report this morning, and on the surface the situation looks good for the Obama administration: 257,000 jobs were added in January, wages improved, and the number of full-time workers increased. The unemployment rate did go up by 0.1 percentage point, to 5.7 percent, but analysts agree this is the result of more Americans looking for jobs, not a slowing economy.
For the past year or so, there has been no statutory limit on how much the federal government borrows. The debt ceiling was abandoned in the last budget deal. But in the coming weeks, it is scheduled to return—along with the predictable illusion of a debate over whether to lift the ceiling or not.
According to the just released 11th edition of Demographia World Urban Areas (Built-Up Urban Areas or World Agglomerations), there are now 34 urban areas in the world with more than 10 million residents, the minimum qualification for megacity status. Tokyo-Yokohama continues its 60 year leads the world’s largest urban area. Before Tokyo-Yokohama, New York had been the world’s largest urban area for 30 years. London’s run, preceding that of New York, was much longer, at more than 100 years. Beijing, which was the first of today’s megacities to reach 1,000,000 population, held the title for 75 years before London, according to census and urban historian Tertius Chandler.
OPEC’s Secretary General Abdulla al-Badri made headlines when he announced that the oil price may have bottomed out—indeed, we had four straight days of increase—and predicted “you will see more than $200 when it comes to future oil prices.”
This is part 8 of the 8 part series establishing that the laser-focus of the Compact for America approach to organizing an Article V convention with the specific job advancing and ratifying a pre-drafted, specific federal Balanced Budget Amendment is clearly, unequivocally, and overwhelmingly what the Founders expected from the state-originated amendment process.
The Wednesday hearings on the confirmation of a new Attorney General, Loretta Lynch, lasted hours because members of the Senate Judiciary Committee were often called away to vote. In the wake of the scandals surrounding the manner in which Eric Holder’s Department of Justice has functioned, the hearing, led now by Republicans, could have been harsh, but it was not. The Wall Street Journal characterized the mood in the hearing room as “cordial.” Watching it on CSPAN, I can confirm that.
A bird in the hand is still worth two in the bush.
This age old wisdom has survived to warn against human nature — to be overly confident of keeping what one has while risking everything when grasping for much more.
On January 6, Heartland Institute Research Fellow Jesse Hathaway joined Genesis Communications Network’s Charles Butler to talk about how taxpayers lost billions of dollars on the U.S. Treasury Department’s bailout of banks and automobile manufacturing companies several years ago.
The Heartland Institute has recently signed a coalition letter led by Americans for Prosperity urging Congress to oppose legislation that would hike the federal gasoline tax. The plan was introduced by Sens. Bob Corker (R-Tennessee)[…]
Hershey’s – the Candy Man – is a BIG business. Its May 2014 market cap was $23.26 billion.
And Hershey’s is very generous with government. Through the second quarter of last year, it had spent $8,332,000 on lobbying and $845,534 on candidates and elected officials. Tallies no Mom & Pop Candy Shoppe can come close to matching.
The European Central Bank has announced its intention to create out of thin air over one trillion new Euros from March 2015 to September 2016. The rationale, the monetary central planners say, is to prevent price deflation and “stimulate” the European economy into prosperity.
The only problem with their plan is that their concern about “deflation” is a misguided fear, and printing money can never serve as a long-term solution to bring about sustainable economic growth and prosperity
While becoming more and more powerful, public sector unions are losing favor with taxpayers, Daniel DiSalvo, author of “Government Against Itself: Public Union Power and Its Consequences,” said during a forum hosted by The Illinois Policy Institute Tuesday in Chicago.
What are the Republicans thinking? Coming right out of the gate, at the start of the new GOP-controlled Congress, they began talking about the crazy idea of increasing the gasoline tax. It has little chance of passing, yet can easily taint the party with a tax-raising reputation.