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  • Yearly Archives: 2012

    Chart of the Week: Cut Spending to Avoid the Fiscal Cliff

    special-peterson-fiscal-bookFINAL

    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 … More

    "I, Pencil: The Movie"

    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 … More

    DOE Issues Nearly $1 Million to Ailing A123 on Day of Bankruptcy Filing

    A123_batteries

    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 … More

    After the Hurricane, a Supply Crisis from Price Controls

    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 … More

    Fast and Furious, Marijuana Legalization Still Worry Our Southern Neighbors

    Photo: Newscom

    Since November 6, President Obama has had little time to savor his electoral victory. The White House is in the throes of dealing with, among other issues, the aftershocks of Benghazi, the David Petraeus resignation, and the looming plunge off the fiscal cliff. While it may be too early to … More

    No More Twinkies: Unions to Blame

    Hostess-cakes

    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 … More

    Lawsuit Alleges "Corruption and Negligence" at Department of Energy

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    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 … More

    Pride Goeth Before a Fall

    Newscom

    In an op-ed in The Washington Times, Heritage’s Kim Holmes voices concerns about how pride may prevent President Obama from reassessing or changing course on certain foreign policies, leaving him and the United States unprepared for the daunting challenges facing the country. Any student of history recognizes that concerns on … More

    Senator Mike Lee Argues to Restore Debate and Deliberation

    As Senate Majority Leader Harry Reid (D–NV) gathers ideas to limit the filibuster, he has not ceased abusing power to block amendments he does not like. Reid has used a parliamentary trick over the past few years to stop the minority party from participating in the amendment process called “filling … More

    Two More Stimulus-Backed Solar Companies Announce Layoffs

    Newscom

    A pair of foreign-owned solar companies that benefited from a combined $84 million in Energy Department tax credits have announced they will lay off employees. One of the companies, German-owned SolarWorld, was integral in the fight for tariffs against the importation of Chinese photovoltaic solar panels. The other, Chinese company SunTech, blamed … More