Mongolia continues to make strides toward economic freedom. The Economist recently predicted that Mongolia would have the second-fastest-growing economy in the world in 2013. Mongolia has been developing a modern and vibrant economy with a rapidly growing mining sector, which has generated double-digit growth rates for the country in recent …
Labor Secretary Hilda Solis resigned on January 22. It would be beneficial if President Obama’s next Labor Secretary would do more to protect workers from union corruption. An Office of Inspector General (OIG) audit released last year finds that the Office of Labor Management Standards (OLMS) is missing most violations …
If the Occupational Health and Safety Administration (OSHA) regulated its own doings in the manner it does private business, the agency’s doors would surely be shuttered. So lousy is its record of accrediting workplace safety examiners that some applicants have waited 10 years for their paperwork to be processed. It’s …
Daniel Hannan, a member of the European Parliament and one of Great Britain’s rising conservative political stars, reminds us that the fundamental error of the left is its “elevation of motive over outcome.” This leads to development assistance policies that are at least doomed to fail and may actually increase …
President Obama, moving quickly to complete the lineup for his second-term regulatory team, nominated attorney Mary Jo White yesterday to chair the Securities and Exchange Commission (SEC). The selection is a critical one, as the agency is still struggling to complete the rulemakings required under the Dodd–Frank financial regulation act, …
The Consumer Financial Protection Bureau (CFPB) has imposed yet more regulation on the mortgage market, as required by the Dodd–Frank statute. The latest set of requirements and restrictions focuses on mortgage servicers, those who are hired by lenders to collect payments and manage other administrative aspects of home loans. Bureau …
As President Obama crafts his 2013 trade agenda, he should look to the words of Ronald Reagan for inspiration: Free trade serves the cause of economic progress, and it serves the cause of world peace. When governments get too involved in trade, economic costs increase and political disputes multiply. Peace …
