It’s ironic that the front page of The Washington Post recently featured an obituary of long-time columnist William Raspberry on the same day it included a story warning that “D.C. cabbies fear being pushed out of business as earnings fall amid new rules, competition.” After all, Raspberry famously liked to …
President Obama claims he’s overseen the creation fewer regulations than his predecessors. But his administration has actually issued far more expensive and economically costly regulations, adding billions of dollars in compliance costs for businesses and job creators. The red tape is documented in a new report by the House Oversight …
China’s State Administration for Foreign Exchange is buying $1.5 billion worth of pension assets from General Motors. The assets are positions in funds held by the Carlyle Group, Blackstone, and CVC Capital. This is the latest in a surge of Chinese investment in the U.S., investment that benefits all the …
A recent Canadian study examining average household wealth in Canada and the U.S. reported something quite shocking. According to the study, the average Canadian has a net worth of $363,202, compared to $319,970 for the average American. While headline writers have touted this as a vindication of socialism, the reality …
Both candidates in the presidential race have been accusing the other of “outsourcing.” It’s one of those words that is loaded with negative meaning, implying that the perpetrator is un-American. But does America have an outsourcing problem? What is popularly referred to as “outsourcing” is the practice of offshoring business …
That sound you hear is silence—as millions of small business owners and entrepreneurs were left speechless this weekend from President Obama’s latest insult. The slap in the face to hard-working Americans conveyed Obama’s belief that it takes a village—a heavily subsidized village—to create that venture you’re profiting from: Somebody helped …
The House is considering new legislation concerning economic espionage. While the private sector should play the key role in combating this, there is bipartisan support for policy measures—and with good reason. The U.S. relies on innovation. It has become more important in driving internal growth and, externally, America’s comparative advantage …
Today’s jobs report is a broken record, with the unemployment rate stuck at 8.2 percent. The Department of Labor reports that only 80,000 jobs were added in June—consistent with other data revealing the economy has downshifted from slow to slower. This picture is starkly different from the economy President Obama …
