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  • Monthly Archives: July 2011

    Obama Plans Birthday Fundraiser One Day After Debt Deadline

    Obama birthday cake

    The White House has pegged Aug. 2 as the drop-dead deadline for a debt-limit deal. But deal or no deal, President Obama is heading to Chicago on Aug. 3 for his 50th birthday bash — a pricey fundraiser for his re-election campaign. Obama’s campaign began promoting the birthday last week … More

    Top 10 Reads: July 14, 2011

    iStock_000006518705XSmall

    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. FOX and the Sharks – Mike Gonzalez Are the Rich Undertaxed? – Michael G. Franc In wake of Mumbai attacks, Pak could help save dialogue with India – Lisa Curtis A … More

    Senator DeMint on Debt Ceiling Negotiations, Tea Party, More

    Demint

    On this week’s Hertage Libertad Radio program, on Virginia’s WBER, we were fortunate to have Senator Jim DeMint (R–SC) join us for a segment to discuss his new book, The Great American Awakening, the Tea Party, and the current fight over the debt ceiling. Senator DeMint gave us the latest … More

    Free Markets Are Good for China—and Us, Too

    Skyline in Shanghai, China

    Is open trade and investment good for China but bad for the U.S.? The Heritage Foundation’s China Global Investment Tracker has just been updated. Through June 30, it shows over $60 billion in Chinese investment in Latin America. This worries some people. They think that China is gaining economic benefits … More

    America's Budget Mess May Be Worse Than We Realize

    pennies-coins-money

    An article in the The Wall Street Journal recently revealed that our budget situation is likely worse than what the Congressional Budget Office (CBO) projects, meaning we could be in much more debt than we realize. In 2010, the federal government collected about $2.16 trillion in total tax revenue yet … More

    VIDEO: Reagan's Legacy in Europe: Captive Nations No More

    Even 100 years after his birth, the world continues to remember President Ronald Reagan. In one week alone, he was honored with a mass led by the archbishop of Krakow, a special session of the Hungarian parliament, a street named after him in Prague, and statues in Budapest and London. In … More

    $76 Trillion to Engineer a Green Economy?

    Globe, Earth, sits on pile of cash, money

    A new report from the United Nations Department of Economic and Social Affairs demonstrates that the U.N. has no business meddling in economic or social issues. In a recently released World Economic and Social Survey entitled “The Great Green Technological Transformation,” the U.N. says our governments need to spend $1.9 … More

    Azerbaijan's Afghan Contribution

    Azeri boy waves Azerbaijan's national flag

    Late on Tuesday, July 5, an Azerbaijani tanker plane crashed in Afghanistan en route to U.S./NATO Bagram Air Base with a load of fuel. The United States and NATO should mourn the nine crew members who were killed on board, yet this accident should serve as a reminder of the invaluable … More

    PODCAST: Unemployment Report

    jobs

    In this week’s Heritage in Focus, labor economist Rea Hederman discusses last month’s job report. Listen to the full interview, here. Unfortunately, last month’s jobs report was the worst one in some time. We created a mere 18,000 jobs and the unemployment rate increased to 9.2 percent. Normally in a … More

    Morning Bell: Time to End Fannie and Freddie

    White picket fence in front of house / home

    Four years after home values in America plummeted, fears over America’s housing market remain. In testimony before Congress yesterday, Federal Reserve Chairman Ben Bernanke cited “the continuing depressed condition of the housing sector” as one of the factors behind America’s sagging economy. In response to the poor market, the White … More