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 …
Further scrambling to pay for transportation projects and the subsidized student loan interest rate freeze, Congress is now debating to add a five-year flood insurance extension to the burgeoning bill. Revenue gained from higher premiums to the National Flood Insurance Program (NFIP) should begin to repay the $17.5 billion the …
Today we examine a proposed regulation that would require some 47,000 grocery stores nationwide to post calorie and other nutrition information each day for the ever-changing array of foods prepared on site, such as the salads, dips, and tropical whips so common to the deli case. Details about the rule …
While fears of “outsourcing” continue to make headlines, the facts show there is no “giant sucking sound” resulting from dollars fleeing the United States to be invested in other countries. Outsourcing occurs when companies close facilities in the United States and invest in new operations in other countries. Some people …
Union bosses are excited that they have prevented their members from getting raises. It’s a bit mind-boggling, but that’s what happened. Last week, the Service Employees International Union (SEIU) celebrated defeating a bill in the Senate that would have allowed raises, declaring that the legislation would have stripped workers’ “fundamental …
Today’s Supreme Court ruling in favor of nonunion workers in Knox v. Service Employees International Union (SEIU) significantly strengthens nonunion members’ First Amendment rights not to contribute to union political activities. California requires state employees who choose not to join a government union to nonetheless pay the union for expenses …
“Collective bargaining rights are under attack—again,” warns the SEIU. The union claims employees face a “federal attack on your rights at work.” How? From a bill that would let employers pay union members higher wages. Union rates are not just minimum wages. They also set maximum wages. Employers may not …
“The North Dakota Miracle.” That’s what it’s been dubbed by many. The recent boom of the Bakken oil fields—made possible by a perfect storm of sensible state regulations, the often maligned fracking process, and the fact that most drilling is taking place on private lands—has produced a whirlwind of economic …
In 2011, the U.S. government spent more than $22 billion in non-military foreign aid while collecting $6.8 billion in taxes on imports from the world’s poorest countries. Ironically, the government spent $185 million in “trade and investment” aid while collecting 36 times that amount from tariffs on products from poor …
