Fannie Mae and Freddie Mac have been in federal conservatorship since 2008. Should these government-sponsored housing enterprises — essentially broke — still be required to spend taxpayer money to fund activities of housing advocacy groups?
Five years ago, Congress left this question unanswered, but Ed DeMarco, the acting head of the enterprises’ regulator, took the…
Blockbuster businesses start with an idea and an eagerness to work.
Back at work after the Labor Day holiday? Thank an entrepreneur.
Capitalism cannot exist without entrepreneurs, the men and women who take the risks and start the businesses that produce the goods and services we all enjoy. Almost every entrepreneurial business begins with one or two individuals,…
Washington would send the wrong message by rescuing Detroit from Detroit.
Picture two gamblers. Both of them head to Atlantic City one weekend, bet irresponsibly and rack up some big losses at the gambling tables. One has his debt wiped off the books by an inexplicably forgiving casino owner. The other has to go into debt to cover his losses. Many months later, though,…
Small wonder that New York Yankees pitcher Mariano Rivera grabbed the spotlight at the latest All-Star game. His perfect eighth-inning relief appearance not only helped the American League win the game, it showcased the kind of success story that Americans love.
Going from a life in a poor fishing village in Panama to the pitching mound in New York City is pretty…
The July 6 crash landing of an Asiana jetliner in San Francisco that killed three passengers and injured dozens more was a tragedy. Federal safety officials and aviation industry experts are investigating it thoroughly to determine how it happened and prevent it from happening again.
Hidden between the lines in the news coverage of the event, though, is a remarkable…
The idea of breaking up America's biggest banks into small, bite-sized units is being billed as an antidote to "too-big-to-fail," the notion that the biggest banks must never be allowed to fail because of the damage a collapse would have on the economy. Cutting the large banks down to a more digestible size neatly solves the problem, supporters say.
The argument is…
“After two years of harrowing confrontations in Washington,” begins a recent article in the Washington Post, “the national debt is no longer growing out of control and policymakers from President Barack Obama to House Speaker John Boehner, R-Ohio, have rushed to take credit.”
Credit? Considering how so much government spending is funded these days, that’s an ironic word…
The Washington Post’s Ezra Klein recently lamented that America has “a deeply unbalanced political system.” He highlighted a chart showing that business owners and employees donate billions to politicians, while unions give only a few tens of millions. True enough, but this does not make labor “totally outgunned,” as he claims. Unions give little directly to politicians…
Do you do at least some of your shopping online? If you’re like most Americans, the answer is “yes.” This leads to my next question: Would you like to pay more for the items you buy?
I’m guessing the answer is “no.” But if Congress passes the Marketplace Fairness Act, you can expect to see your totals rise when you go to checkout with your online shopping cart.
While the economy continues its slow recovery, employment lags. Yes, the unemployment rate has slightly fallen. But that derives from a mass exodus of potential workers from the labor market, and the failure of those who left the labor force during the recession to return to the job market. The labor force participation rate remains at its cyclical low.
There has been…
Is America in decline? An honest review of the state of the union would show spiraling budget deficits, uncontrolled growth in government spending and persistently high unemployment levels. The impression of a once-great nation in eclipse is all too plain.
It doesn’t have to be this way. It’s not that these problems aren’t real or don’t pose serious challenges. They do.…
The Bureau of Labor Statistics reported yesterday that unions lost 400,000 members in 2012. Union membership fell from 11.8 to 11.3 percent of all workers — a new post-war low. A smaller proportion of Americans belong to unions today than when President Roosevelt signed the National Labor Relations Act in 1935.
Private-sector unions are in even more dire straits. Union…
“This is what democracy looks like!”
That’s a popular protest chant among liberals. It could be heard at many “Occupy” gatherings. It’s a staple at union-backed protests.
We all know that in a democracy, sometimes things go your way and sometimes they don’t. The big question is, how will you react?
For example, many conservatives were disappointed by the results of last…
Twinkies are selling for hundreds of dollars on eBay. Union membership has been dropping steadily over the past decade.
Sound unrelated? They aren’t. The fate of the popular spongecake was in the hands of the unionized men and women who work for Hostess Brands Inc.
Or perhaps I should say “worked” — past tense. A union-backed strike has killed what the Great…
President Obama’s second term means for the first time since the early days of our republic (Jefferson-Madison-Monroe), we’ll have three straight two-term presidents.
One of the advantages — and challenges — of winning a second term is that there’s no transition period. So in the spirit of bipartisanship, here are three areas policymakers should tackle before the end of…
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