China’s attempt at a high-speed rail network is fraught with corrupt officials, impossible costs, and deadly safety failures. But U.S. Transportation Secretary Ray LaHood wishes America would follow it as a model. LaHood told The Cable last week: The Chinese are more successful [in building infrastructure] because in their country, …
Today’s jobs report is a broken record, with the unemployment rate stuck at 8.2 percent. The Department of Labor reports that only 80,000 jobs were added in June—consistent with other data revealing the economy has downshifted from slow to slower. This picture is starkly different from the economy President Obama …
With all the gloomy economic news coming out of late, one bright spot flew under the radar last week: the United States is poised to be the proverbial center of the energy universe. A recent study by Harvard Research Fellow Leonardo Maugeri found that the United States’ incredible shale reserves represent “the …
Yesterday, House Minority Leader Nancy Pelosi (D-CA) almost called Obamacare’s individual mandate a tax, stopping mid-word to call it a “penalty”. White House Chief of Staff Jack Lew and other spokespersons echoed this talking point. This is in spite of last week’s Supreme Court ruling that deemed the mandate unconstitutional under both …