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    Washington in a Flash: Unemployment at 9.1%, Employers Add 117,000 Jobs

    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 … More

    How Capitalism Makes Us Richer

    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 … More

    Obama Plan Blows Secret Kisses to Wall Street

    Somebody spilled the beans Tuesday, telling the truth about the financial reform bill being debated in Congress. But most media ignored it. Rather than being the targets of this bill, Wall Street financiers will be rewarded by it. The chairman of Goldman Sachs, Lloyd Blankfein, told a Senate subcommittee, “The … More

    Video: Barney Frank's Permanent TARP

    As early as today, the House is set to approve Rep. Barney Frank’s (D-MA) financial regulation bill intended to prevent future Wall Street bailouts by granting regulators sweeping new powers to control firms deemed “too big to fail.” But as Heritage Senior Research Fellow David John explains below, the Frank … More

    DOJ's New Antitrust Rule: "Too Big To Succeed"

    For months now, the Treasury Department has been grappling with the consequences of “Too Big to Fail” — the idea that some enterprises are too large to allow to fail. Now here’s comes the Justice Department with “Too Big To Succeed,” the idea that some firms are too large to … More

    Unintended Consequences on Executive Pay II: Pay Caps

    Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. In my last post, I discussed the example of a ban on “golden parachutes” for top executives. Now, another item from the Treasury’s pay rules for companies … More

    Unintended Consequences on Executive Pay I: Golden Parachutes

    Policies premised more on class-warfare than sound economics, are not going to get us out of this recession. They may actually delay recovery. A case in point: the executive pay guidelines released by Treasury today.  Though the new rules seem to apply, at this point, to only the few corporations … More

    Morning Bell: Market Rescue Dos and Don'ts

    Leaders of the liberal majorities in the House and Senate yesterday  tried to claim they had completed a deal with the White House to address the Wall Street crisis. From the beginning, leaders on the left have both demanded the White House deliver conservative votes for any deal and then refused … More

    Morning Bell: The Wrong Direction

    There is no doubt that past government intervention in the market, particularly by Fannie Mae and Freddie Mac, is largely to blame for the current financial turmoil. And while past government intervention cannot be used to justify further government interference, we also have to ask how much unnecessary pain the … More

    Facts Kill Another Liberal Myth

    To hear leftist politicians and their media allies tell it, the current financial turmoil was directly caused by deregulations carried out in just the past eight years under President Bush. Barack Obama aide Austan Goolsbee told Politico: “The core issue is pretty easy to understand. We’ve just spent the last … More