Following the allure of fast money, governments are taking over an enterprise that was mainly a province of the mob. Are the projects becoming golden geese or just laying eggs?
In the political arena, one dumps on people who can't dump back on him. Minimum wages have their greatest unemployment impact on the least skilled worker. After all, who's going to pay a worker an hourly wage of $10 if that worker is so unfortunate as to have skills that enable him to produce only $5 worth of value per hour?
In the Senate, a test vote narrowly advanced a bill to extend long-term unemployment benefits, with Democrats refusing to compromise and Republicans accusing them of political posturing.
Sen. Paul denounces “money laundering,” “veil of secrecy,” and “revolving door from Wall Street to the Treasury to the Fed” after Janet Yellen voted in as chair of the Federal Reserve.
If there is ever a contest for the biggest lie in politics, the claim that anyone actually advocates a "trickle-down" policy should be a top contender.
A “devastating” new American taxation scheme, known as the Foreign Account Tax Compliance Act, or FATCA, is a scramble to extract more wealth from the public.
Claiming to care about animals, New York City's new mayor Bill de Blasio has pledged to eliminate horse-drawn carriages from Central Park. But is his real motivation a desire to pay off a large campaign contributor?
A new study finds that expanding Medicaid, the primary means by which ObamaCare insures more Americans, increases the use of emergency rooms and the concomitant cost to taxpayers.
How bad are America's fiscal woes? Evaluating our taxation, budgeting, and debt by the numbers paints a very bleak picture, indeed.
New York Mayor Bill De Blasio will have difficulty in securing the required state approval for his five-year plan to increase the city income tax on residents earning more than $500,000 to finance universal early-childhood education.