Rather than making healthcare more affordable, ObamaCare has made it less affordable — and will make it even less affordable as new mandates take effect — executives told a House subcommittee.

JBS CEO Art Thompson's video news update for June 4-10, 2012.

Wowee, some folks are sure angry that Eduardo Saverin, one of the co-founders of Facebook, decided to unfriend the country that helped make him a billionaire. Senators Charles Schumer (D-N.Y.) and Robert Casey (D-Pa.) called a press conference two weeks ago to announce the introduction of the Ex-PATRIOT Act. The letters stand for “Expatriation Prevention by Abolishing Tax-Related Incentives for Offshore Tenancy.” I’ll bet somebody spent hours coming up with that one.

On Wednesday the Marquette Law School poll showed Wisconsin Governor Scott Walker with a comfortable lead over his rival, former Milwaukee mayor Tom Barrett, in next week’s recall election, 52 percent to 45 percent. This was an improvement from their poll taken two weeks earlier when Walker held a six-point lead over Barrett. It was also confirmed by a poll taken May 23 by We Ask America that showed Walker leading Barrett 54 percent to 42 percent. More telling perhaps was the Intrade site that measures voter sentiment which showed Walker on Thursday with a 94.5 percent chance of winning the recall election.

President Barack Obama sparked more controversy after awarding the U.S. government’s highest civilian honor, the Medal of Freedom, to divisive labor activist Dolores Huerta, a fellow “community organizer,” collectivist, radical feminist, as well as the honorary chair of Democratic Socialists of America. DSA, which openly calls for even more "massive redistribution of income" and increased central planning on its website, is the largest socialist organization in the nation and Socialist International’s main U.S. affiliate. 

The latest report from the nonpartisan Center for Retirement Research (CRR) at Boston College was brutal in its assessment of the status of state and local pension plans and their ability to keep their promises to their beneficiaries and retirees. With public pension funds underfunded by half, those states, cities and municipalities — and their taxpayers — would have to double their contributions to those plans just to have any chance of them avoiding default on their promises to those depending on them for their retirement.

Michelle Obama claims that poor people can't eat a healthful diet because their neighborhoods are "underserved" by free enterprise. But this is a myth — and one she wants to fight with your tax money.

“I think the disruption added to the excitement of the evening,” said a fellow attendee at the recent Milton Friedman Prize for Advancing Liberty Award Dinner as we were leaving the International Ballroom at the Washington Hilton.

 

ClearSign Combustion in Seattle, Washington, is one of the first small “early-stage” companies to raise public capital under the JOBS Act enacted in early April. The company’s core expertise is in using computer technology to make boilers, furnaces, turbines, and other combustion systems more efficient. It sold three million shares at $4 each, raising $12 million in the process. After expenses and underwriters’ fees, the company expects to net about $9.5 million. But without the JOBS Act it might not even have bothered.

Peter Schiff's latest book, The Real Crash: Americans Coming Bankruptcy -— How to Save Yourself and Your Country, is a treasure trove of economic wisdom and policy proposals. Americans ignore the valuable insights of Peter Schiff at their own peril.

 

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