The Bada Bing food truck has been cruising the streets of Arlington, VA, schlepping their signature fare for almost two years. Their relatively inexpensive spiedies (an upstate New York specialty) and Philly-style cheesesteaks have clearly filled a market niche as their long lines and expanding twitter followers attest to. But Bada Bing and legions of … Continue reading
The Commodity Futures Trading Commission (CFTC), an independent agency, is charged with helping to regulate futures markets. The CFTC Chairman, Gary Gensler, stated that, “the Wall Street reform bill (Dodd-Frank) will – for the first time – bring comprehensive regulation to the swaps market place. Swap dealers will be subject to robust oversight.” The Dodd-Frank … Continue reading
http://www.youtube.com/watch?v=w2i8KZtQRTI&feature=g-upl
That crazy bill our politicians refuse to address. Featuring economic policy experts Joe Minarik and Doug Holtz-Eakin. A video by Peter G. Peterson Foundation Interns Ben Gitis of American Action Forum and Kathryn Tinker of Committee for Economic Development.
In demonizing Bain for outsourcing, President Obama is implicitly criticizing the act of outsourcing itself without the facts to back himself up. Of the 598 American companies on Forbes world’s largest firms list, only 15 percent publically report their foreign employment numbers. While President Obama’s blind attacks on this legal right are clearly groundless, the … Continue reading
Obama’s fundamentally flawed attacks on Bain Capital’s outsourcing history seem both hypocritical and highly ignorant of the global economy considering that major companies present in his own jobs council have been “pioneering” outsourcing themselves. GE, American Express, Intel, and UBS are all present on the President’s Council of Jobs and Competitiveness and all have increased … Continue reading
Remember that debt limit fiasco last summer? Its repercussions still haunt us today. In order to motivate congress to come up with a cohesive debt reduction plan, the law passed to increase the debt limit stipulated that if the “super committee” failed to pass a plan by November 2011, across the board cuts (referred to … Continue reading
By Logan Albright The spectre of income inequality is one that refuses to be silenced in a political climate saturated with news of Occupy protestors, AIG bonuses and faceless corporations deemed too big to fail. The level of outrage is understandable, but it’s time to acknowledge that decades of government redistribution of wealth through taxes … Continue reading
By Logan Albright In the context of mounting concerns over the rapidly increasing national debt, the issue of tax revenue is frequently raised. Currently, revenue from federal taxes is at about 14.4% of GDP. Add in state and local taxes and this number rise to 24%. What does this mean in the broader international and … Continue reading
By Logan Albright A number of recent announcements from the White House continue to emphasize the fact that Barack Obama simply doesn’t understand how a market economy functions. Undaunted by the Solyndra fiasco and similar failures, the president persists in his belief that it is both appropriate and wise to use government resources to prop … Continue reading
FRIDAY, MAY 4, 2012 ECONOMICS: Jobs Report Will Provide Fodder for Campaigns (Wall Street Journal) By Laura Meckler and Sara Murray Politically speaking, Friday’s unemployment report will boil down to a simple set of numbers: two men, one job. Mitt Romney and President Barack Obama’s campaigns will be combing the figures on April job growth … Continue reading
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