General Motors is halting production of the poorly selling Chevy Volt to accommodate a redesigned Chevy Impala. The impending four-week shutdown of the electric car represents yet another setback following news of disappointing sales for the second year in a row: General Motors Co. (GM), the largest U.S. automaker, is …
The Alliance for American Manufacturing has been busy advocating the idea that the U.S government needs to do more to promote domestic manufacturing, as it is critical to repairing and maintaining our critical infrastructure. Maintaining critical infrastructure is important for homeland security and disaster response, but that does not mean …
This election year, millions of Americans will donate to the political candidates and initiatives of their choice at the local, state, and federal levels. But for unionized workers, union dues come out of their paychecks and go to political causes—and they aren’t consulted on where that money will go. In …
Throughout President Obama’s tenure, the number and cost of major regulations has approached record levels—exceeding $46 billion in new annual costs during his first three years. The impact has been economically crippling, of course, notwithstanding the administration’s boasts of regulatory benefits. Yet the White House seems rather shy of late …
The Financial Times reports that “U.S. farmers are heading for their most profitable year on record despite the worst drought in half a century as high grain prices and payouts from a federal crop insurance program compensate for a smaller harvest.” Higher profits are great—when they come from real market …
The Wall Street Journal reports that America’s uncompetitive corporate tax code is driving U.S. businesses to relocate their headquarters to other countries. One of the major reasons these businesses are fleeing our shores is taxes. Each of the countries the article cites as places where U.S. businesses have moved their …
Brian has a tough job. He’s a socialist trying to sell a commodity. Wandering around Tuesday’s protest near the Republican convention in Tampa, FL, he asked for donations in exchange for the newspaper of his organization, the Socialist Alternative. His offer was a bit jarring, so I asked him whether …
Last week, the U.S. Department of Labor released its Employment and Unemployment Among Youth—Summer 2012 report. While many youths (ages 16-24) found a summer job this year, many did not even try. Fully 39.5 percent of the youth population neither worked nor looked for work this summer. This number has …
Small businesses are getting a lot of focus from politicians, because they are a key engine of job creation—which has stalled in the U.S. economy. A Republican National Convention theme of “We Built It” continued the political debate over the economy yesterday. A survey by the National Federation of Independent …