America’s bleak jobs picture would be even worse if not for foreign direct investment (FDI) in the U.S. economy. FDI in U.S. factories and property offers firms a source of new technologies, capital, products, and organizational skills, and it fuels economic growth. Most importantly, FDI creates jobs. According to the …
The Washington Post reports that President Obama wants the federal government to continue to have a major role in housing finance, perhaps by creating a new version of Fannie Mae and Freddie Mac. Despite an almost immediate denial of the story by Deputy Treasury Secretary Neal Wollin, the Post’s account …
It’s being billed as a listening tour—a three-state journey across the Midwest where President Barack Obama will hear directly from Americans about the economy and talk about his ideas for job growth. Instead, though, it has the characteristics of a political campaign swing, and the rhetoric the President has brought along for …
A New Jersey Superior Court issued an injunction against a local chapter of the International Brotherhood of Electrical workers, which is one of the two unions currently on strike against Verizon Communications, and represents about 10,000 of the 45,000 striking employees. The injunction prohibits a range of activities, some of …
House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) claimed on Friday that the National Labor Relations Board had refused to comply with a subpoena the committee issued on Sunday. The subpoena asked for documents related to the NLRB’s action against Boeing, and requested they be sent by today …
Will the last one to leave the post office please turn out the lights? Things are looking pretty grim at the Postal Service. In a report made public today, the U.S. Postal Service (USPS) proposed cutting 220,000 positions, leaving its workforce—which once ranked with Indian Railways and the People’s Liberation …
In the 1993 comedy Dave, a small-town presidential impersonator is called on to pretend to be the actual President of the United States when the commander in chief takes ill. Dave steps into the White House, takes his new role too far, and with wide-eyed innocence promises America, “I’m initiating …
The voters weighed in on Wisconsin Governor Scott Walker’s (R) agenda on Tuesday. Government unions organized recall elections against state senators who voted to limit collective bargaining in government contracts. But Wisconsin voters re-elected a majority of the law’s supporters who were on the ballot. The government union agenda is …
