Last week the House approved a $25 billion loan for Detroit’s Big Three that, if signed into law, would cost taxpayers $7.5 billion. General Motors, Ford and Chrysler claim they need assistance to make the switch from gas-guzzling vehicles to more cars with better fuel-efficiency. We’ve broken down a few …
When it comes to retirement and pension benefits, federal, state, and local government officials have all been humming the same mantra: never pay for something today if you can put off paying for it until tomorrow. Unfortunately, tomorrow is here. The federal government is on the hook for $41 trillion …
The president of California’s largest union local, the 160,000-member Service Employees International Union (SEIU) in Los Angeles, yesterday announced he would take a leave of absence and the local would be placed in a temporary trusteeship. Tyrone Freeman’s departure comes after an in-depth series of Los Angeles Times articles detailing …
Debunking myths about the supposed harm free trade inflicts on U.S. manufacturing, Cato Institute’s Daniel Ikenson notes: While the rest of U.S. manufacturing has recovered, Michigan’s manufacturing economy remains stagnant. Real GDP growth between 2005 and 2006 in Michigan ranked dead last among the 50 states. Meager manufacturing value-added growth …
McClatchy columnist Daniel Weintraub takes California lawmakers to task for opposing the Colombia Free Trade Agreement despite its many benefits for the Golden State: Californians gain more from free trade than the people of almost any state in the country. But their leading representative in Congress – House Speaker Nancy …
