Netflix recently announced it had lost 800,000 subscribers in the third quarter of this year. No surprise there, really. The company effectively tried to double what it charged consumers, and many instead headed for the exit.
Economic theory is perfectly acceptable. But in the real world, economic <i>reality</i> is much more important.</
Our mainstream media have discovered a new issue: inequality in America. The gap between the wealthiest 1 percent and the rest of the nation is wide and growing wider.
Some of my friends in the conservative blogosphere have been ridiculing a New Yorker named Joe Therrien. I want to put in a good word for him. Therrien appears in the lead paragraph of a story in The Nation on Occupy Wall Street. He's an example, writer Richard Kim wants us to know, of the "creative types" ingeniously protesting capitalism.
Many Wall Street occupiers are echoing the Communist Party USA's call to "Save the nation! Tax corporations! Tax the rich!" There are other Americans, on both the left and the right -- for example, President Barack Obama and House Speaker John Boehner -- who call for reductions in corporate taxes.
The economic impact of federal "anti-dumping" rules is scrutinized, courtesy of the Cato Institute.
Here's one for the Guinness World Records people: Two New York City taxi medallions were sold last month for $1 million apiece. That's the highest price ever paid for the right to operate a car as a taxicab in The City That Never Sleeps. It's also an expensive lesson in the harm caused to consumers and would-be entrepreneurs by overregulation and the strangling of competition.
It’s about time the rich started paying their fair share, according to the “Occupy Wall Street” protesters. Those fat cats aren’t chipping in as much as the less fortunate. When are they going to start spreading their wealth around?
Did you know that Paul Krugman is more compassionate than you are? Or so he says.
Later this week, Heritage Action will release our first legislative scorecard, which will show which Members of Congress are saying the right things AND doing the right things. Conversely, those who say one thing and do another will no longer be able to hide. This will be a revealing barometer of a lawmaker’s willingness to fight for principled conservative policies in Congress.
This past year we enjoyed the short lived FOX police drama, Chicago Code. However, we didn't expect to watch its sequel as a reality horror show on the nightly news.
Let me tell you a quick story about one of the most marvelous and intriguing beasts in the animal kingdom. The African impala is a graceful animal yet full of raw force and power. It possesses the ability to jump 13 feet high from a standing position and as much as 30 feet out, with little more than a few gallops.
There is a struggle now being waged in Washington, the outcome of which will determine whether the nation's economy will grow or continue to falter.
President Obama's decision to participate in the air campaign against Moammar Gaddafi's regime is a vast improvement over previous policy, a victory for human rights idealists within the administration, and the application of an important international standard known as "the responsibility to protect."
When CBS reporter Lara Logan was assaulted by a group of men while reporting on the ground in Egypt, a group of Egyptian women reportedly helped save her from the attackers. Women of the West need to return that favor and help raise awareness of the continuing hardships that women face globally, but especially in the Middle East and Africa.
If you itemize deductions, the IRS says you’ll need to wait until the end of February to file your 2010 tax return. That’s because lawmakers waited until Dec. 17 to temporarily renew the 2001 and 2003 tax cuts.
Though one hates to nitpick, it seems that Middle East coverage on cable TV has been only almost perfect.
Watching the wave of unrest in the Middle East, there are lessons to consider regarding how we view the world and how we manage our lives here at home.
By now those holiday bills have arrived. Those who have charged too much have cut back on spending until the bills are paid. Some have gone on the spending wagon, cutting their plastic into tiny pieces.
Suppose a quiz show host were to ask: “What country enjoys the most economic freedom?” Most Americans probably wouldn’t even hesitate before answering, “The United States.” They’d be wrong.
Since he took office some two years ago, President Barack Obama has spoken frequently about the importance of creating jobs. As well he should. Throughout his tenure our nation’s unemployment rate has remained stubbornly high, leaving too many Americans looking for work.
The flap over whether to extend present tax rates for the rich finds its center in a cultural proposition: Liberals, including rich liberals, either don't like the rich or feel obliged to pretend they don't.
Part of the foundation of American Exceptionalism is at risk: our economic freedom.