As National Football League teams start to go into their “bye” weeks when they don’t have a game to play, fantasy sports fans are scrambling to find replacements for their starting lineups on the waiver wires.
California lawmakers are proposing to increase taxes on cigarettes by $2 per pack in order to fund increased entitlement spending. Instead of placing faith in the morality of their cause, lawmakers would do better to place their trust in economic and public health realities.
In this episode of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with Mercatus Center senior fellow Todd Zywicki. Zywicki’s new paper, “The Law and Economics of Consumer Debt Collection and Its Regulation,” examines the pitfalls of the Consumer Finance Protection Bureau’s proposals to protect consumers from abuse by debt collection agencies.
Beginning in 1983 the government changed its method of calculation to show lower inflation by excluding food and energy, claiming they were too volatile to be reliable indicators. The result is the so-called “core inflation” CPI, which is a favorite of the Federal Reserve. The latest figure for this CPI reported by the Bureau of Labor Statistics is 0.4% (for August and also July), but if calculated by the method used in 1980 the inflation rate would be 7½ percent, as shown by Shadow Government Statistics (ShadowStats.com).
John Nothdurft returns as co-host with Donny Kendal in episode #7 of the In The Tank Podcast. This weekly podcast features (as always) interviews, debates, roundtable discussions, stories, and light-hearted segments on a variety of topics on the latest news. The show is available for download as part of the Heartland Daily Podcast every Friday.
An electric truck manufacturer that was awarded $32 million from President Obama’s stimulus program has informed one of its investors that it is on the verge of bankruptcy, if it did not raise $4.5 million by Friday and $10 million by the end of October.
There is no way to describe current Federal Reserve policy other than as monetary confusion and misdirection. In a nutshell, Janet Yellen and the other members of the Fed’s Board of Governors have no idea what to do. Do they raise certain interest rates over which they have some direct influence? Do they keep them at their current rock bottom levels, as they have for the last six years?
By following through on entitlement reforms started in the 1990s, Congress can defuse a ticking entitlement-spending time bomb and allow states to lead the way on holding costs down and better serving taxpayers.
Five federal employees were charged in August with theft and fraud for falsifying documents to qualify their children for free lunch at Prince George’s County, Md., public schools. The alleged fraudsters — all employees of the Government Accountability Office — were discovered after an audit into the National School Lunch Program by the very federal agency for which they work.
In today’s episode of In The Tank, Donny and John bring in special guest, Justin Haskins, an editor and writer for The Heartland Institute, to discuss some of latest stories in the news cycle. These stories include Scott Walker’s campaign implosion, World Rhino Day, taxing Netflix, and regulating Fantasy Football. John and Justin also go head to head on a new.
Labor unions are fighting hard to maintain the power to force people to join unions as a condition of work. In June, Gov. Jay Nixon, Missouri Democrat, vetoed a bill banning forced union membership and forced union dues payments in the workplace, and the legislature just upheld his veto.
Chicago is facing an unprecedented budget crisis thanks to a massive increase in pension payments. In order to solve the problem, Chicago’s mayor Rahm Emanuel has proposed the largest property tax increase in city history.
Elected officials often say using taxpayer money to pay for the construction or renovation of sports stadiums is an easy way to boost local economies and revitalize the flagging fortunes of downtown areas. But what really happens is that these teams pit cities against one another in competition for franchises, using their scarcity as a way of wresting ever-greater subsidies from taxpayers while team values rise to astronomical levels.
As is clear from the rise of Donald Trump, Ben Carson, and Carly Fiorina in the Republican presidential primaries and the groundswell of support for socialist Bernie Sanders among Democrats, a large portion of the American public has become fed up with the national government’s apparent takeover by powerful special-interest groups. Each new day brings another story of bad legislation and worse court decisions giving certain classes of people advantages denied to the rest of the people.
The entirety of the United States is now a federal disaster area – rendered thus by Washington, D.C. Unlike areas hit by hurricanes, tornadoes and other acts of God – our cataclysm is entirely man-made. Decades of anti-Reality policies have left our nation an uber-addled mess.
Lawmakers in Congress introduced a plan to apply sales taxes to Internet purchases, hoping this time they’ve ironed out the problems that scuttled previous attempts. They haven’t, and this attempt at grabbing e-commerce tax revenue has the same flaws as previous attempts.
Chicago Ald. George Cardenas has proposed raising taxes on sugary drinks in an effort to correct the city’s budget woes. Last night, the effort appeared to fizzle, as community members and elected officials objected to the sin tax, noting that the tax would have little effect on both the budget and Chicago’s long-term health.
In today’s episode of The Heartland Daily Podcast, managing editor Jesse Hathaway talks with Tax Foundation policy analyst Jared Walczak about a new study comparing states’ business tax rates and tax structures.