Everyone at Yale thinks they'll eventually be president. Harvard is no different.
This is worth remembering as Transportation Secretary Sean Duffy questions whether he...]]>
There's a saying in Vegas, the house always wins. I represented Nevada in Congress for more than a decade and I can attest to the...]]>
The Justice Department's Antitrust Division
September is that cruelest month for the stock market. It's the only month that has dropped on average since the Roaring Twenties. Come Monday night, when Wall...]]>
Republican presidential nominee Mitt Romney has to do two things really well at his convention: Lay out in dramatic terms how bad the Obama economy is and...]]>
Income-starved investors looking to amp up their portfolios have been turning to foreign bonds -- for obvious reasons. The 4.2% payout on the average foreign...]]>
I see that the Republican convention will feature a debt clock ticking away behind the speakers. It will also, as I understand it, consist entirely of speakers who...]]>
While the Romney and Obama camps have made increasingly bitter accusations about each otherâ??s plans for Medicare, a bipartisan consensus on entitlements has emerged...]]>
By now, everybody knows what's wrong with the economy: There aren't enough jobs, Europe is stuck in a financial quagmire and Washington is playing chicken with tax and...]]>
It's a testament to how bad the American employment market has gotten that the most recent jobs report was met with applause. The Labor Department's July jobs figures...]]>
Corporations are scaling back investment, hiring and inventories ahead of steep year-end tax hikes and spending cuts, the most concrete sign to date that uncertainty over the...]]>
The recent failures of MF Global and Peregrine Financial, and the reported manipulation of the Libor benchmark for interest rates, could not have come at a...]]>
In the span of two weeks we have seen a success of capitalism and a growing failure of state capitalism. On Aug. 1 came news that computers at Knight Capital went nuts, ...]]>
The graph below, based on data from the Federal Reserve Bank of St. Louis, shows manufacturing employment in the United States as a fraction of all employment. As you...]]>
Mitt Romney accuses U.S. President Barack Obama of robbing Medicare of more than $700 billion. Obama claims the Republican presidential candidate would end Medicare as we know it....]]>
As the United States under President Donald Trump endeavors to coerce international trading partners through the employment of economic leverage to address both...]]>
ISM was less positive and construction was recessionary for the second month in a row.
]]>The majority of the major asset classes rose in August, led by commodities for a second straight month, based on a set of ETF proxies.
]]>The Big Mac index measures currency valuation by comparing the price of an identical burger across countries but compare prices of iPhones and you get a different...]]>
How useful have monetary aggregates been in signaling the stance of monetary policy in real time?
]]>Based on a Manhattan Institute analysis of the HHS numbers, Obamacare will increase underlying insurance rates for younger men by an average of 97 to 99 percent, and...]]>
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We hear all the time about the â??golden ageâ? of the 1950s and 1960s when Americaâ??s middle-class supposedly prospered like never before or since. But...]]>
Trader Joe's recently announced it would drop its employee-sponsored health care for part-time employees and ask them instead to find healthcare on new...]]>
This month, the Intergovernmental Panel on Climate Change will begin releasing its fifth assessment report. Like earlier reports, it will undoubtedly lead to more...]]>
If entitlement reform doesn't happen, then payroll tax increases may end up as a part of the solution. Here are several charts which illustrate...]]>
Are we correct to be worrying about an ageing population?
]]>To demonstrate how free market capitalism and "the miracle of the marketplace" generate increased prosperity over time for average (and especially low-income)...]]>
The CBO's long-term budget outlook released this week made a lot of news because it appeared to paint a new and surprisingly bleak budget picture. But in...]]>
Senator Mike Lee is proposing a richer child tax credit to help offset the cost of raising the next generation.
]]>The advocates of leveraged ETFs don't take into account human behavior.
]]>The old narrative is running into a brick wall.
]]>How to get a 7% chance of becoming a billionaire.
]]>Social Security is very important for older Americans
]]>After finding antitrust violations, federal courts have been reluctant to impose harsh sanctions. They fear meddling in markets where technology is racing...]]>
Direct government intervention in specific companies may be on the way to becoming a bipartisan feature.
]]>Democratic Socialists and MAGA nationalists both want sweeping government control of the economy. History says that is a very bad idea.
]]>In Chile, a major study shows the nation's private retirement accounts provide workers pensions worth 87% of their salaries, 73% of that from profits on...]]>
The city's pension liabilities are nearly 700 percent the size of revenues, far exceeding troubled Detroit's ratio.
]]>Vladimir Putin tries to keep former Soviet republics in Moscow's economic orbit.
]]>Taxpayers fund the stadiums, antitrust law doesn't apply to broadcast deals, the league enjoys nonprofit status, and Commissioner Roger Goodell makes...]]>
In most states insurance premiums will increase, the author argues.
]]>I believe that a real escape from the box labeled poverty requires several fundamentals and they all involve entrepreneurial thinking.
]]>It may seem cruel to question whether a person should get help rebuilding a home or a business after a flood or fire, so few people have asked such...]]>
The Great American Energy Boom is having a major ripple effect on the shipbuilding industry, which thanks to a 1920s maritime law, is busier than it has...]]>
Here are three reasons why selecting a new Fed chairman has generated such interest. None are good news for the economy.
]]>Business and labor are going to war over the nonprofit worker centers that union officials increasingly see as the future of their movement. The organizing...]]>
Sacreblu! The French are angry because the competiveness of French soccer teams will suffer thanks to the country's high taxes.
]]>Charities run by business execs strive to measure accurately their impact on society.
]]>New report reveals 3 mega trends in entrepreneurship that are reshaping the U.S. economy
]]>American imports to India have nearly quintupled in a decade, helped by brands like Harley-Davidson setting up shop.
MUMBAI, India — As President...]]>
BOSTON — The Federal Reserve chairman, Ben S. Bernanke, went further on Friday in outlining the risks the central bank was prepared to take by pumping more money into the...]]>
Nicolle Bradbury bought her home for $75,000 and stopped paying the mortgage two years ago.
DENMARK, Me. — The house that set off the national furor...]]>
One billion dollars? Six billion? Ten billion? More?
A foreclosed home in Miami. The halt in foreclosures may lead to billions in costs for...]]>
Alejandro Betancourt has become the key go-between for the Trump administration, Venezuela's new regime, and American oil companies.
]]>Trump no longet treats Venezuela as sovereign and Canada fears the same treatment.
]]>Will the gains last?
]]>Inheritance taxes reduce investment, growth and productivity.
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