Over the last four days, militants in Gaza have fired more than 840 rockets at Israel. Hamas rockets have reached the outskirts of Jerusalem and Tel Aviv for the first time, thanks to the smuggling of Iranian rockets into Gaza. The increasing range and sophistication of Palestinian rockets has expanded the …
This past week, media outlets have been abuzz, heralding the news that poverty levels in the United States are higher than previously thought. But the numbers are misleading. The Census Bureau reported last week that, according to its new “supplemental poverty measure,” 49.7 million Americans are in poverty. This figure …
The Heritage Foundation has updated its Saving the American Dream plan as the nation moves inexorably towards the fiscal cliff set to hit at the beginning of 2013. From Amy Payne’s Morning Bell: To meet this challenge, Heritage Foundation experts updated our Saving the American Dream plan to address the …
How does a pencil represent what Adam Smith called “the invisible hand” of the free market? A new film by the Competitive Enterprise Institute has adapted Leonard Read’s famous essay, “I, Pencil: My Family Tree As Told to Leonard E. Read,” to answer this very question. Originally published in 1958 …
The Department of Energy’s clean energy grant-making program delivered a reimbursement to ailing battery maker A123 approaching $1 million on the same day the company filed for bankruptcy, according to Reuters: The company, which makes lithium ion batteries for electric cars, filed for Chapter 11 bankruptcy protection last month after …
In the wake of the devastation wrought by Hurricane Sandy, storm victims are also suffering from a New Jersey state law that prohibits businesses from raising their prices more than 10 percent “within 30 days of a declared state of emergency.” Despite the intentions of New Jersey legislators, laws intended …
Enjoy Twinkies while you still can. Hostess Brands just went bankrupt. This morning the company announced that it will suspend operations and lay off more than 18,000 employees. The Bakery International Union put them out of business. Hostess has struggled financially for years. The company tried to stay competitive by …
A lawsuit filed in federal court on Wednesday alleges mass favoritism in the Department of Energy’s decisions to award federal grants to major car companies to develop electric vehicles, according to a legal complaint obtained by Scribe. The plaintiff, San Francisco-based XP Technology, says in a complaint filed in the …
