Following Wall Street and Detroit, the nation’s governors have joined the growing line on Capitol Hill—begging Congress to save their states from looming fiscal shortfalls. The National Governors Association sent a letter to Congressional leaders asking states to be included in the next economic stimulus package. New York Governor David …
According to the latest news, the only obstacle remaining to complete a merger between General Motors and Chrysler is $10 billion in taxpayer money. Jui Chakrovorty Das and Kevin Krolicki detailed that GM and Cerberus Capital Management, the owner of Chrysler “have resolved the major issues in a proposed GM-Chrysler …
During yesterday’s House Transportation and Infrastructure Committee Rep. John Mica (R-FL) claimed: “Every billion dollars in spending on infrastructure, on highway and transportation expenditures does result in 35,000 new jobs.” Too bad Mica wasn’t listening to the Ways and Means Hearing across the hall where economist Alan Viard told the …
Earlier this week, The Heritage Foundation hosted Veteran journalist William Tucker, who recently released his book, “Terrestrial Energy: How Nuclear Power Will Lead the Green Revolution and End America’s Energy Odyssey.” The event is available for viewing here. Windmills, solar collectors and geothermal plants can make a small contribution at the …
Since it appears more and more likely that Congress will approve another economic stimulus package within the next couple of months, every special-interest group under the sun is swarming Capitol Hill for handouts. Yesterday it was the nation’s governors turn as Govs. David Patterson (D-NY) and Jon Corzine (D-NJ) came …
On Google’s Knol site, Heritage senior policy analyst Dan Lips and Joydeep Roy, Lawrence Mishel and Sean Corcoran from the Econimc Policy Institute and New York University are debating whether there is a place for performance-based teacher compensation in our public school system. Roy, Lawrence and Mishel argue that it’s difficult to …
This week “60 Minutes” highlighted an obscure statute that some say is at the root of the recent market meltdown: the Commodity Futures Modernization Act of 2000. The CFMA exempted certain derivatives from existing state and federal regulation. But “60 Minutes” failed to ask the most interesting question: Why was …
My Apologies to the Swiss (Hold Firm Against OECD Meddling) – OpenMarket.org Last week, the German government said that Switzerland should be placed on the international blacklist for tax havens. Really? That is, according to Peer Steinbruck (German finance minister)… Card Check: How Would It Stimulate the Economy? – Shopfloor.org …
