In the midst of one of the most severe droughts on record, Washington’s ethanol mandate is making the corn shortage even worse. Markets have responded quickly and flexibly to the drought where they can, but some corn buyers are sidelined by the rigid government ethanol mandate. Corn prices are skyrocketing, …
Over Thanksgiving weekend of 2006, airport screeners in Toronto began meticulously searching every carry-on bag by hand. The delays caused security lines to pile up. Passengers began missing their flights en masse. To break the bottleneck, supervisors allowed 250,000 passengers to board their flights with “minimal or no screening.” One …
Chef Daniel Boulud got one of his first tastes of the Restaurant Opportunities Center (ROC) when they inflated a gigantic cockroach outside of his upscale New York restaurant. The cockroach, used in conjunction with chants of “racist” to decry alleged differences in promotion by race, led to decreased business. Predictably, …
Taxmageddon, a one-year $494 billion tax increase, is coming on January 1, 2013. Reports of the economic destruction Taxmageddon would create are growing by the day, as is the number of respected economists, market shapers, and influential organizations warning Congress and President Obama to stop Taxmageddon to spare the economy …
