JPMorgan Chase’s announcement that it has lost $2 billion in a failed hedge strategy sent shock waves through the financial world yesterday. And in Washington, the reaction has had a political tone, with calls to accelerate adoption of the “Volcker Rule” limiting investments by banks. But policymakers should take a …
The liberal perspective on the “Occupy” movement is really something spectacular. Before the movement had really even announced a position or set of “demands,” progressives were pushing each other out of the way to embrace it. When they did finally come up with a set of ideals, which mostly involve …
Americans remain convinced of Washington’s culpability in the economic crisis from which the country is still struggling to recover, according to a pair of new polls. The ongoing “Occupy” protests notwithstanding, Americans are more likely to blame the federal government than the financial sector for the country’s economic woes. According …
The Bureau of Labor Statistics reported this morning that employers added 117,000 jobs in July, up from June’s dismal 18,000 but still below the number needed to keep pace with population growth. The unemployment rate also fell 0.1 percent to 9.1 percent. Get complete analysis from Heritage’s Rea Hederman and …
Listening to some politicians recently, you’d think capitalism benefits only those on Wall Street, not Main Street. Yet the benefits of capitalism have proven over history to benefit all of society. The heart of capitalism is the private ownership of property. Without free enterprise, individuals would not be able to …
