Here’s what’s wrong with Washington: If it doesn’t negatively impact K Street, nothing’s going to change. Unfortunately, all too many of our biggest obstacles to recovery benefit K Street.
Three more success stories for Stocks in the News!
As a 17-year-old freshman at George Washington University, I experienced many difficulties adjusting to newfound college life, not the least of which was trying to understand the well-accepted economic principle that productivity is a good thing.
A few years after the global economy emerged from the economic crisis of 2008, commodity prices began to surge, thanks to ongoing robust demand from China. Chief financial officers at mining firms quickly realized that firm commodity prices implied robust future profit streams, and a broad range of new mining projects were put into motion.
Anecdotal reporting indicates that the Muslim Brotherhood's tactic of sacrificing bodies to generate public support is not working. Most reports relate views that the Brotherhood is getting what it deserves.
I already explained, immediately following Obama's speech, why his “grand bargain” on corporate taxes was not a good deal because of all the hidden taxes on new investment and international competitiveness. But I also had a chance to dissect the President’s overall track record on the economy.
There has been a war against business but the big boys with $2.0 trillion offshore and armies of lobbyists are weathering it better than Main Street. So it's no surprise that while the new tax proposal would eventually lower corporate taxes to 28% from 35% that only covers 2 million of 32 million businesses. The rest would pay at least 39.6% while the more successful are looking at 43.4% (Medicare tax 3.8% plus high individual rate 39.6%).
GDP beat second quarter estimates of 1 percent easily. However, the BEA revised first quarter growth down from 1.7% to 1.1%. Is this a good thing, a bad thing, or nonsense?
Like Don Quixote tilting at windmills, President Obama is on a mission. With the Environmental Protection Agency as his sidekick, he is launching an all-out offensive to drastically cut carbon dioxide emissions.
At its best, a job interview is like free therapy, where you can receive valuable feedback on your career and your life from a person who is better than you because they have a job and you don't.
Swiss citizens should consider the government they are inviting into their daily affairs by offering to the taxing-authority direct access to their accounts. Switzerland, as compared to Eurozone countries, rate better on taxation, debt to GDP ratio and government spending. Such an economically free nation did not achieve its market strength and prosperity through a devolution of bank secrecy.
Dodd-Frank turned 3 this month. Mark Calabria, with the Cato Institute, joined the program to discuss the burden Dodd-Frank has placed on the economy.
In one of the least genuine acts in recent econ-political times, President Obama is said to be proposing a new "grand bargain" with an emphasis on cutting taxes on corporations while reforming (read: raising) tax revenue from small businesses