Last week (and again yesterday in a follow-up article) The New York Times featured the poverty-fighting work of the Family Independence Initiative (FII). Founded by Maurice Lim Miller in 2001, FII is a nonprofit, community-based organization that helps working poor families escape poverty by encouraging and rewarding personal initiative and …
Some national business leaders are outright opposing measures of fiscal responsibility. Fortunately, fiscal conservatives in Congress are fighting back. Case in point: reaction to House Transportation and Infrastructure Committee (T&I) Chairman John Mica’s (R–FL) proposed six-year reauthorization bill, which limits transportation spending to the federal fuel tax revenues flowing into …
News on Thursday that there were more new jobless claims last week than initially expected gives new weight to the words of a pair of business leaders who recently singled out President Obama and his big-government approach to economic policy as key impediments to economic recovery. Stephen Wynn, CEO of …
The economy is recovering at an unusually slow pace. Typically, employment grows strongly after a severe recession. Not this time. Unemployment remains stuck above 9 percent more than two years after the recession officially ended. What is going on? Initially, the economy appeared on track for a steady recovery. The …
The Postmaster General is warning that a postal budget crisis could cause mail delivery to be consolidated to just three days a week. Meanwhile, the American Postal Workers Union (APWU) is trying to convince lawmakers—and taxpayers—to keep all its union jobs. The APWU’s new radio ad airing in Washington, D.C., …
The slow, painful end of Borders bookstores has finally arrived. After filing for Chapter 11 bankruptcy protection in February and taking actions to save the company, the 40-year-old chain with locations across the country will begin liquidation on Friday. All told, 399 stores will close, and 10,700 workers will lose …
A Service Employees International Union “contract campaign manual,” recently released as part of an ongoing lawsuit against the union, reveals a host of unseemly tactics the SEIU recommends using against employers who resist unionization efforts. Those include efforts to undermine a business financially, intimidate individual managers, and use political pressure …
President Obama will bypass Elizabeth Warren to lead the Consumer Financial Protection Bureau (CFPB) and instead nominate former Ohio attorney general Richard Cordray to the post. The White House announcement on Sunday ends months of uncertainty about whether the President would accede to the demands of Warren’s steadfast supporters or …
Is open trade and investment good for China but bad for the U.S.? The Heritage Foundation’s China Global Investment Tracker has just been updated. Through June 30, it shows over $60 billion in Chinese investment in Latin America. This worries some people. They think that China is gaining economic benefits …
Four years after home values in America plummeted, fears over America’s housing market remain. In testimony before Congress yesterday, Federal Reserve Chairman Ben Bernanke cited “the continuing depressed condition of the housing sector” as one of the factors behind America’s sagging economy. In response to the poor market, the White …
