Saturday marks the anniversary of the passage of the Interstate Commerce Act, which in 1887 created the first federal regulatory agency, the Interstate Commerce Commission (ICC). Although those who created the ICC had no intention of establishing the modern administrative state we now have, the creation of the ICC was …
February 6 is Ronald Reagan’s birthday. While the right has long looked to Reagan as the standard-bearer of conservative leadership, over the past few years, even liberals are waxing Reaganesque. For instance, before he was the class warrior in the mold of Teddy Roosevelt, President Obama invoked the Gipper to …
Earlier this year, the Obama Administration trumpeted the recently passed United Nations regular budget as a triumph of fiscal discipline. To some degree, it is justified in that claim. The initial appropriations for the 2012–2013 budget (at $5.15 billion) are $263 million lower than the final expenditures for the 2010–2011 …
As we have been reporting, Iran is increasingly expanding its presence in Latin America, as evidenced in Iranian President Mahmoud Ahmadinejad’s recent tour to Ecuador, Cuba, Nicaragua, and Venezuela. More troubling, of course, are reports uncovered by the Univision News Network that Iran is using Latin America as a base …
This week the U.S. State Department announced the launch of the Stakeholder Advisory Board for the Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises. Nanny-state scolds on the left have increasingly called for more corporate social responsibility (CSR). Their mantra is “doing well by doing good,” and …
In my last post, I challenged a common assumption about equality and justice—that inequality per se is inherently unjust, and therefore that the gap between rich and poor is as well. In what follows I contest another popular notion touted by redistributionists—that unequal wealth as such causes hardship for the …
This year, Congress will have to reauthorize the Prescription Drug User Fee Act (PDUFA), which funds the Food and Drug Administration’s (FDA) drug approval process. As noted by Amanda Kronquist, a Heritage Health Policy Graduate Fellow, the FDA drug approval process has become “increasingly unpredictable, uncertain, and inefficient.” The House …
The Obama Administration and the nation have cause to breathe a sign of relief as today’s monthly jobs report shows 243,000 jobs were created in January. Those numbers are of course good news, another positive sign of recovery, and another clear indication of the enduring strength of the American economy …
According to Associated Press reports today, the Philippine military has killed Southeast Asia’s most-wanted terrorist on Thursday. With U.S. support, two OV-10 aircraft bombed a terrorist stronghold, comprising militants from the al-Qaeda-affiliated groups Abu Sayyaf and Jemaah Islamiyah (JI). When the dust settled, Malaysian terrorist Zulkifli bin Hir, known by …
