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  • Monthly Archives: December 2012

    Don’t Do It, Shinzo Abe!

    Hajime Takashi/ZUMA Press/Newscom

    Japan’s incoming prime minister, Shinzo Abe, has an unenviable task. While Mr. Abe may prove to be exactly what the country needs in terms of foreign policy, his economic promises mirror the policies that have mired Japan in two decades of stagnation. Mr. Abe has made headlines promising more aggressive … More

    Debt Limit: What Does It Mean to Raise It? (VIDEO)

    Raising the debt limit when you are already in debt and have no serious plan to cut spending isn’t good sense—for individuals or for governments. The federal government is borrowing more and more money without a plan to balance its budget now or in the future—just like the wayward father … More

    School Choice Means Equal Opportunity

    Photo credit: Newscom

    Education reform is critical for all Americans, but it has a particular importance and potent potential impact on America’s fastest growing demographic. Nearly 50 percent of Hispanic students fail to graduate with their class, which shows the vulnerability of many Latino youth trapped in poorly performing schools. But one state, Indiana, … More

    Heritage Mourns Loss of Judge Bork

    Robert Bork at Heritage (Photo by Andrew Blasko)

    Former federal judge and Supreme Court nominee Robert H. Bork died this morning at the age of 85. Bork served as U.S. solicitor general and a judge on the U.S. Court of Appeals for the District of Columbia Circuit. He was nominated by President Ronald Reagan to serve on the Supreme … More

    Another Union Strike Would Have Ripple Effect on Economy

    cargo

    Ongoing negotiations over pay and benefits between the International Longshoremen’s Association (ILA) and U.S. port operators highlights the economic risks when unions monopolize labor markets. They also remind us that imports do, in fact, create jobs. Since March the longshoremen have been in heated discussions with 14 ports along the … More

    Morning Bell: What's at Stake in the Democratic Republic of Congo

    Ben Affleck testifies on Capitol Hill. (Credit: Pete Marovich/ZUMAPRESS/Newscom)

    Hollywood actor Ben Affleck brings his star power to Congress today to testify on the security situation in the Democratic Republic of the Congo (DRC) and its implications for the United States. Affleck will be joined at the hearing by Heritage’s James Jay Carafano, who will explain why the Obama … More

    WATCH LIVE: Congressional Hearing on Democratic Republic of the Congo

    Congo

    Today at 10 a.m. the House Armed Services Committee will host a hearing on the evolving instability in the Democratic Republic of the Congo (DRC) and the implications for national security. Heritage’s Jim Carafano, Ph.D., vice president for foreign and defense policy studies, will provide testimony on the Obama administration’s … More

    Japanese Conservative Victory: A Welcome Development for the U.S.

    japanflag_feature

    In Japan, the conservative Liberal Democratic Party (LDP) exceeded even the most optimistic predictions by winning a landslide victory in Sunday’s lower house election. LDP Leader Shinzo Abe’s conservative foreign policy views and the Japanese public’s growing concern over China provide an excellent opportunity for Washington to achieve several policy … More

    Bank Profits Soar as Washington Subsidies Flow

    White picket fence in front of house / home

    Too often, government policies designed to ameliorate a general problem merely benefit a special interest. A case in point, highlighted by Binyamin Applebaum on the Economix blog, is the Home Affordable Refinance Program (HARP). HARP is part of the complex federal effort to stabilize the home mortgage market and stem … More

    Medical Device Tax Is Latest Proof That Taxes Matter

    Newscom

    The more time passes, the more we get to see in real life the consequences of Obamacare. We warned back when it passed that the 18 tax increases it contained would do serious damage to the economy. Only now that the damage is about to take hold do some in … More