Indiana lawmakers are bracing for another high-profile fight over a right-to-work bill when the legislative session opens Wednesday. Last year Democrats fled the state in protest, preventing the legislature from conducting business for five weeks. The right-to-work bill would end forced unionization for private-sector workers in Indiana. Its supporters say the bill would increase jobs and choices in the Midwestern state with a 9 percent unemployment rate. Unions complain it threatens their existence. Indiana Gov. Mitch Daniels (R) is speaking out in favor of the bill, even recording a 60-second …
When it comes to creating jobs, North Dakota has found the right formula. The state has the largest percentage increase in employment over the past year and was the fastest of all 50 to recover from the recession. The reason is simple: energy production. “North Dakota has been the poster child for what can happen when we unleash free enterprise and allow states to develop and commercialize their resources,” Heritage’s Nick Loris wrote recently on The Foundry. “North Dakota is drilling at record pace.” The state’s unemployment rate is 3.4 …
As the debate swirls around regulations and jobs, it is refreshing to hear a businessman weigh in on the issue. This week, the CEO of Darden Restaurants, Clarence Otis, Jr., wrote that the excessive burden of new regulation makes it “increasingly difficult for businesses to see why and where creating new jobs makes sense.” Otis heads the parent company of Olive Garden, Red Lobster, and LongHorn Steakhouse, so his experience creating jobs in the private sector is extensive. Unfortunately for Darden Restaurants and other businesses around the country, Otis notes …
Silicon Valley is one of the few bright spots in the U.S. economy today, but a new report warns that Washington’s outdated regulation and antitrust policy threatens to stifle growth among innovative technology companies. The report, produced by the Progressive Policy Institute, analyzes the impact of acquisitions in the technology sector. It concludes that acquisitions lead to economic growth and job creation. There’s just one problem: Washington bureaucracy. The federal government’s process of approving acquisitions — a problem well-documented by Heritage’s James Gattuso — can slow down innovation, hamper growth …
Washington politicians talk a good game when it comes to job creation. But when it comes to actually doing something, they’ve been unable to provide long-term stability on tax policy and reassure business leaders they’re serious about deficit reduction. The result is a cloudy economic climate that has left businesses sitting on cash rather than spending it. Bankrupting America compiled the views of four CEOs from American companies: Starbucks, Honeywell, EA Sports and Coca-Cola. They’re ready for Congress to take bold action.
The Obama administration is approving only 37 percent of the deepwater drilling plans submitted this year — a figure that falls below even last year’s low approval rate. It’s also taking federal bureaucrats an average of 115 days to approve the plans, nearly double the historical average. Greater New Orleans Inc. reported the numbers as part of its Gulf Permit Index, a measure of permit issuance. The data was provided by the Bureau of Ocean Energy Management, Regulation, and Enforcement, which oversees shallow-water and deepwater permits. Last year’s numbers were …
Offshore oil and gas leases produced $10 billion in federal revenue only a few years ago. Today that number is zero, a consequence of the Obama administration’s reaction to last year’s Gulf of Mexico oil spill and the resulting moratorium on production in the region. Sen. David Vitter (R-LA) says it’s a huge mistake for the federal government to forgo the money — and the jobs that result from the offshore leases. Writing for Roll Call today, Vitter outlines the extent of the problem: Revenue can’t be generated from lease …
Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. The Politicized Hiring of Eric Holder’s Employment Section – Hans A. von Spakovsky, Pajamas Media Energy States Lead in Job Creation, Financial States Struggle – Dennis Jacobe, Gallup Did health law bring economic doldrums? – James Sherk, McClatchy Ag. Secretary Says Food Stamp Program Is Stimulus – Stephanie Samuel, Christian Post Seattle’s ‘green jobs’ program a bust – Vanessa Ho, Post-Intelligencer No Child Left Behind by Executive Overreach – Lindsey Burke, …
Last month’s employment report from the Department of Labor offered more dismal news about the U.S. economy. And while many areas of the country continue to struggle, there are a few bright spots. Gov. Scott Walker happens to be presiding over one in Wisconsin, which added a net of 9,500 new jobs in June — more than half the 18,000 created nationwide. Wisconsin’s resurgence comes after three years of job losses — more than 150,000 jobs were lost in the three years before Walker became governor. Since he took office …
U.S. employers added only 18,000 jobs last month — a remarkably low figure that contributed to the increase in unemployment to 9.2 percent. That’s the bad news. Fortunately for American workers, the future is bright, but only if regulators in Washington, D.C., get out of the way. A new study from the respected IHS Cambridge Energy Research Associates and IHS Global Insight reveals that the offshore oil and gas industry on its own could produce more jobs per month next year than the 18,000 that were created by all U.S. …
