CBO Counts Cost of Raising Minimum Wage to $15
Just a week before the Democrat-controlled House of Representatives is due to vote on its Raise the Wage Act, the non-partisan Congressional Budget Office (CBO) calculated its possible impact on the...
Economics
Nanny State: San Francisco Approves Ban on E-cigarette Sales
San Francisco is at it again with its nanny-state policies, this time having the honor of being the first city to officially ban the sale of e-cigarettes and vape pens within...
Trump: “Very Low Inflation, a Beautiful Thing!”
The Federal Reserve expects inflation to remain low, bringing out exuberance from President Trump, but what is good is the Fed's irrelevance, at least for the moment. ...
Hand-wringing Over May’s Low Jobs Numbers Is Premature
It’s far too early to be writing off the longest-running economic expansion in history, as some in the media appear to be doing. ...
Jobless Claims at 50-year Low, but Raising Minimum Wage Would Stop That
Initial claims for unemployment insurance are the lowest seen since 1969, when the U.S. workforce was half the size that it is now. Raising the federal minimum wage, however, would put...
Government Deficits Running $100 Billion a Month; Lenders Not Concerned
The U.S. Treasury announced on Friday that the federal government has spent $1.8 trillion since October 1, while tax receipts were only $1.3 trillion. According to Modern Monetary Theory, this is...
Newark to Study “Universal Income Plan” for Its Poor
Newark Mayor Ras Baraka announced plans to create a commission to study the concept of a “universal” income plan to help the more than one quarter of the city’s population living...
Wall Street Journal: Median Pay for CEOs Is a Million Dollars a Month
Many CEOs are making millions per year, and socialist/progressives such as Alexandria Ocasio-Cortez and Bernie Sanders criticize that fact, despite their sparse, largely failing histories in the business world. ...
Financial Crisis Looming for NYC as It Teeters on the Edge of Bankruptcy
According to some financial experts, New York City is currently facing the worst financial situation since February of 1975 when the city was on the verge of bankruptcy. ...
New York Governor Cuomo Blames Exodus of Wealthy on Trump
N.Y. Governor Cuomo blamed his state’s revenue shortfall of $2.8 billion on Donald Trump during a press conference on Monday. ...
Buzzfeed and Other Media Suffering Financial Woes, Scrambling to Survive
At the same time that many media organizations have hitched their wagons to a rabid anti-Trump narrative, many of them are struggling to survive. ...
Oxfam Report Notes Increasing Gap Between Rich and Poor, Fueling Anger
Oxfam asserts that governments are under-funding public services and failing to clamp down on tax dodging, supposedly increasing the income gap between rich and poor. ...
Another Step Toward Auditing the Federal Reserve
Representative Thomas Massie kicked off the legislative New Year on January 3 with H.R. 24, the Federal Reserve Transparency Act. ...
Cellphone Location Data for Sale on Black Market, Investigation Reveals
AT&T and the other major telcos have committed to stop selling customers’ location data after an investigation reveals the data ends up available on the black market. ...
Tax Attorney: Social Security Participants About to be “Disenfranchised”
The intergenerational conflict built into Social Security is about to heat up. ...