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, …
Ed DeMarco, the acting director of the Federal Housing Finance Agency (FHFA), got it right by putting taxpayers’ interests ahead of the Obama Administration’s wishes. DeMarco, whose agency controls Fannie Mae and Freddie Mac, says that the anticipated benefits of reducing loan amounts of underwater mortgages “do not outweigh the …
Last week, Pascal Lamy, chief of the World Trade Organization (WTO), gave a stark warning that rising protectionism is a serious threat to global economic recovery. Indeed, not too long ago, The Heritage Foundation’s Center for International Trade and Economics also counseled that “global trade freedom needs a boost.” We …
House leaders on Tuesday proposed a drought relief package for ranches, orchards, and nurseries as a substitute for the massive five-year farm bill that has been stalled for weeks in the deeply divided chamber. But the very same flaws that have sidelined the omnibus farm bill—lavish subsidies and perverse incentives …
In recent years, this country has been plagued with an epidemic of over-achieving teenage entrepreneurs who refuse to waste their youth sitting in their parents’ basements playing video games. These youths are entering the marketplace in droves to peddle hot dogs and lemonade without any thought to what that kind …
The Government Accountability Office’s (GAO) report last week on federal and private-sector compensation showed that four recent studies agree: Federal compensation is higher than the private sector’s. Unlike the recent CBO paper on the same topic, the GAO did not crunch its own numbers or come to any firm conclusions. …
After years of delays and renegotiations, a free trade agreement between the United States and South Korea (KORUS) finally took effect four months ago. Some parts of the U.S. economy are already bearing sweet fruit. As of this year, cherry growers in Washington have shipped 368,000 boxes of fresh cherries …
The RAISE Act would rewrite the National Labor Relations Act to make union rates only a minimum wage. If employers wanted to, they could always pay hard-working union members more. Unions would lose the power to turn down raises on workers’ behalf. The House Education and Workforce Committee held a …
Job training programs created by Congress have resulted in overlap and duplication, according to a new report from Sen. Tom Coburn (R-OK) that focuses on workforce development initiatives in Oklahoma. Coburn used his home state as a case study for the effectiveness of federal job training efforts. His office found numerous …
