Wal-Mart made headlines last week for launching same-day delivery service in direct competition with Amazon.com. This new retail rivalry between the big boys—brick-and-mortar versus virtual—provides yet more evidence that no company, no matter its size, is immune from competition. That’s a lesson federal antitrust prosecutors ought to heed. The “Wal-Mart …
Last week, Wells Fargo, the nation’s largest mortgage lender, was sued by the U.S. Attorney in Manhattan for allegedly defrauding the Federal Housing Administration (FHA). This is just the latest proof that additional regulation of major banks’ mortgage lending is not needed. As a series of recently filed lawsuits shows, …
When a questioner at Tuesday’s presidential debate stated that women make only 72 cents for every dollar that men make, both President Obama and Governor Mitt Romney agreed. Not so fast. This figure is highly misleading. The statistic comes from a Census Bureau report (see figure 2 here) comparing the …
Regulatory policy made a cameo appearance in last night’s presidential debate when Governor Mitt Romney took aim at the Obama Administration’s penchant for making rules. “Regulations have quadrupled,” Romney said. “The rate of regulations quadrupled under this President.” The assertion led to a mini-controversy this morning over the Obama regulatory …
The call to eliminate federal subsidies to the Public Broadcasting Service (PBS), such as Governor Mitt Romney’s recent statement, shouldn’t ruffle the famous fowl. After all, not only does PBS not need taxpayer support, but because it inevitably entangles Big Bird in politics, it does him more harm than good. …
The Obama Administration fervently opposes state laws requiring voter identification to cast a ballot. But it is insisting that the nation’s farmers prove the identity of every chicken transported across state lines. Under the fowl rule proposed by the U.S. Department of Agriculture (USDA), a flock that has been hatched, …
The news that new Unemployment Insurance (UI) claims dropped sharply to 339,000 last week has raised eyebrows—and aroused suspicion the Department of Labor had massaged the numbers. In truth, there is both more and less to this story than meets the eye. The numbers are incomplete, but because of bureaucratic …
Tonight at Centre College in Danville, KY, Vice President Joe Biden squares off against Representative Paul Ryan in their one and only encounter on the national stage. Both domestic and foreign policy topics are on the agenda for the vice presidential debate. Heritage is streaming it live and has a …
