On Sunday the New York Times profiled Diane McLeod, a 47-year-old single mother working two jobs, who by her own admission acknowledges she spent too much money shopping to make herself feel better without reflecting on how it would impact her future. Commenting on reader reaction to the article, former …
Anticipating legislative action on a bailout for Fannie Mae and Freddie Mac in the House tomorrow, the White House reaffirmed a veto threat Monday if the proposed package includes a money for state and local governments to buy real estate. Speaker Nancy Pelosi responded, “Let me get this straight. The …
As we wrote about in today’s Morning Bell, Venezuela’s leftist leader Hugo Chavez poses an increasing threat to America. Heritage’s Ray Walser, a senior policy analyst for Latin America, explains in this new Heritage in Focus video. [youtube]http://www.youtube.com/watch?v=KsOA2GYRB-M[/youtube]
Venezuela’s leftist leader Hugo Chavez isn’t set to arrive until tomorrow to meet with Russian Prime Minister Vladimr Putin and President Dmitry Medvedev, but two Russian media outlets are already claiming that Chavez will buy $1 billion to $2 billion worth of subs, helicopters and airplanes while in Moscow. Since …
Today the U.S. has about 22 billion barrels of proven oil reserves that can be legally developed. Yesterday, President Bush lifted just one of the many roadblocks that stand between American consumers and the estimated 19.1 billion barrels of oil in the Outer Continental Shelf that are currently off-limits from …
In 2004, after a tip from a whistle blower who was later fired, the Office of Federal Housing Enterprise Oversight (Ofheo) issued a report finding that the government-sponsored entity Fannie Mae had engaged in Enron-like accounting machinations that allowed Fannie to overstate its earnings and underestimate the risk the company …
In 1996 then-Rep. Bob Dornan (R-Calif.) lost to challenger Loretta Sanchez by just 979 votes. After Dornan contested the election, the U.S. House of Representatives claiming the election had been stolen by non-citizen voting. The House eventually dismissed his challenge after the Committee on Government Reform and Oversight identified only …
