Free checking accounts, once considered common, are becoming increasingly rare as the enormous costs of new regulations hit banks’ bottom lines. According to the just released 2012 Checking Survey by Bankrate, Inc., a publisher of financial information, only 39 percent of banks continue to offer free checking accounts, a sharp …
The states of Michigan, Oklahoma, and South Carolina have sued the Obama Administration in the U.S. District Court for the District of Columbia over provisions of the Dodd-Frank Act that allow the government to seize financial institutions. Several private organizations joined in the legal complaint, to challenge also the constitutionality …
We’ve all heard the recycled arguments: Women face a “gender gap” in pay. Women face a “glass ceiling” keeping them from professional achievement. But one female economist and author is busting those myths. Diana Furchtgott-Roth serves as a bold, bright and encouraging truth teller in a culture that is drenched …
A new Heritage Foundation study shows that government employees work around three hours less per week and roughly one month less per year than private-sector workers. Substantial differences in work time persist even after controlling for occupational and skill differences between sectors. The “underworked” government employee should obviously be of …
The presidential debate yesterday moved to trade with China, with the usual rhetorical suspects—including “outsourcing” and the “trade deficit”—taking center stage. President Obama announced that his Administration had filed a complaint against China with the World Trade Organization. But a groundbreaking new report from Heritage proves that importing goods from …
The Obama Administration recently filed a case with the World Trade Organization, alleging that China provided at least $1 billion in subsidies to Chinese carmakers from 2009 to 2011. On the same day, The Wall Street Journal reported that if the government sold its 26.5 percent stake in General Motors, …
“Unthinkable and intolerable.” So President Franklin Delano Roosevelt considered strikes by government employees. Karen Lewis, the president of the Chicago Teachers’ Union (CTU), has a different view. She called a strike to block Mayor Rahm Emanuel’s (D) education reforms. Chicago Public Schools have a 40 percent dropout rate. Emanuel considers …
As Mark Twain might have put it, the reports that General Motors is alive are somewhat exaggerated. “Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts …
