Since the economic downturn of 2008, the critics of capitalism have redoubled their efforts to persuade the American people and many others around the world that the system of individual freedom and free enterprise has failed.
Tagged: united states
Last year (2014), China overtook the United States in gross domestic product adjusted for purchasing power (GDP-PPP, see point 4 for explanation), according to both the International Monetary Fund (IMF) and the World Bank (Note 1). It may come as a surprise, but this is really a matter of China simply reasserting its position as the world’s largest economy, which it had lost around 1890 to the United States. This is based on estimates developed by the late legendary economist Angus Maddison of the Organization for Economic Cooperation and Development (OECD).
It is time for a new modern book to tell Ayn Rand’s story from Atlas Shrugged and Aldous Huxley’s Brave New World in modern terms. There is no question that todays environmental zealotry which is the theme of a new novel Mountains Whispers, Days Without Sun fills the bill. While Rand told a potentially true story this book updates it into our own future with the built in horrors of Agenda 21.
The United States and Cuba have apparently buried the hatchet and will open embassies in each other’s capitals after more than 50 years of hostilities, President Barack Obama formally announced during a press conference in the White House’s Rose Garden on July 1, 2015. Although the move has raised legitimate concerns among human rights activists, there may still be a silver lining in this new era of openness with our neighbor: medical tourism.
Unless a federal judge issues a preliminary injunction, the definition of the “Waters of the U.S.” will change on August 28—giving the Environmental Protection Agency (EPA) the authority to regulate the water in your backyard (even the water that might be in your backyard due to a heavy rain). Even, according to West Virginia Attorney General Patrick Morrisey: “any area where agencies believe water may flow once every 100 years.”
Congratulations on your decision to run for President of the United States. I was at home writing at the time of your announcement. As a professional speaker and someone who has spent more than thirty years training speakers, I felt your presentation was stellar—especially considering that you delivered it without a note. I even posted the following on my Facebook page: “I have work to do but am captivated listening to Ben Carson”—which garnered many “likes” and favorable comments.
ISIS terrorists continue to butcher people while hacking into a French television network. Iran’s quest for nuclear weapons remains on track. In a nation of 320 million people, American businesses hired only 126,000 workers in March, amid a pathetic 62% labor participation rate. Wages and incomes are stagnant.
The just released 11th Annual Demographia International Housing Affordability Survey shows the least affordable major housing markets to be internationally to be Hong Kong, Vancouver, Sydney, along with San Francisco and San Jose in the United States.
It is common for health policy experts to argue that US health care spending is wasteful compared to its European counterparts because we are not getting better health for the larger amount of spending taking place here. There is limited evidence to support this claim.
When the Republican Party takes over majority control of Congress in January, it will face a number of battles that must be fought with the Obama administration ranging from its amnesty intentions to the repeal of ObamaCare, but high among the battles is the need to rein in the metastasizing power of the Environmental Protection Agency.
The midterm elections underscore how much Americans value energy, job and economic revival – and how much they want less Washington control of their lives, livelihoods, and dreams for their children and grandchildren. They also reflect the waning influence of radical Obama and Steyer climate change and anti-energy environmentalist elites. If ever there was a time to end the ban on oil exports, it’s now.
America is getting older, as medical science prolongs life expectancy and the fertility rate hovers at or even below the replacement rate. One metric for gauging the nation’s aging is the median age – the age at which one half the population is younger and the other half is older. In 2000, the median age in the United States was 35.3. By 2013, the median age had increased to 37.5.
Americans continue to favor large houses on large lots. The vast majority of new occupied housing in the major metropolitan areas of the United States was detached between 2000 and 2010 and was located in geographical sectors associated with larger lot sizes. Moreover, houses became bigger, as the median number of rooms increased (both detached and multi-family), and the median new detached house size increased.
American companies that reincorporate abroad are not doing so to avoid paying taxes on U.S. earnings, despite the often misleading impressions left by the rantings of Senators Carl Levin, Dick Durbin, Elizabeth Warren, and others to the contrary. They are doing it to avoid paying U.S. taxes on earnings in other countries.
“When the Dunes Sagebrush Lizard (DSL) was being considered for listing under the Endangered Species Act (ESA),” Chris Bryan, agency spokesman for the Texas Comptroller, told me, “significant parts of the Texas economy were placed at risk.”
The newly released American Community Survey data for 2013 indicates little change in commuting patterns since 2010, a result that is to be expected in a period as short as three years. Among the 52 major metropolitan areas (over 1 million population), driving alone increased to 73.6% of commuting (including all travel modes and working at home). The one mode that experienced the largest drop was carpools, where the share of commuting dropped from 9.6% in 2010 to 9.0% in 2013. Doubtless most of the carpool losses represented gains in driving alone and transit. Transit grew, increasing from a market share of 7.9% in 2010 to 8.1% in 2013 in major metropolitan areas; similarly working at home increased from 4.4% to 4.6%, an increase similar to that of transit (Figure 1). Bicycles increased from 0.6% to 0.7%, while walking remained constant at 2.8%.
There is a general perception that the densest US cities are in the Northeast, where downtowns tend to be bigger and inner city densities are higher. However, cities have become much larger geographically, and also include the automobile oriented lower density suburbs that have developed since World War II. In fact, most of the densest major urban areas are in the West.