The widely criticized new addition to the FATCA tax regime could result in massive capital flight from U.S. banks and economic devastation, experts warn.
Vallejo, California, is on the verge of its second bankruptcy, primarily because of its unwillingness to negotiate its pension plans' terms.
In “Nothing Left: The long, slow surrender of American liberals,” a cover article in the March 2014 issue of Harper’s, University of Pennsylvania political science professor Adolph Reed, Jr. argues that the “dynamic left” in American politics and the “labor-left alliance” of an earlier era have mistakenly and increasingly moved toward the middle, moved from radical ideas for a new society to a “defensive stance” of tinkering with small ideas to incorporate into the existing and inequitable system.
Another wake-up call on America's fiscal problems, this time from a British think tank.
The welfare state under Obama continues to expand, exacerbating all the faults and fallacies of such schemes, as predicted years ago by Henry Hazlitt.
What kind of rules should govern our lives? I'd argue that the best rules are those that we'd be satisfied with if our very worst enemy were in charge of decision-making.
Congress is spending money at such a rapid rate that it has been forced to repeatedly revisit increasing the U.S. debt limit. Now it is simply suspending the limit, letting itself binge.
Though labor unions have been some of President Obama's biggest advocates, a recent report from a major union reveals trouble in paradise. According to the report, Obama's prized healthcare law will further worsen income inequality.
Obama's budget features massive new spending proposals — almost none of which are likely to become law — along with proposals to tax “the rich.”