The Federal Communications Commission planned a “Multi-Market Study of Critical Information Needs” that would monitor newspapers, websites and broadcast stations for the way they select stories and for their political leanings. The plan sparked enough outrage that the FCC backed off. Now various theories abound as to what the FCC may still be up…
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The eastern United States is not showing much evidence of global warming this winter. Blizzards have slammed southern cities such as Atlanta, leaving motorists stranded on icy highways. That type of problem is not new in states such as New Jersey. They fight back with rock salt, which melts the ice and gets people…
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Now that the Olympics are over, we have some interesting budget news coming out of Washington D.C. – the Obama administration is proposing cuts to the U.S. military, but much smaller cuts than what would have occurred under President Obama’s budget sequester, which was adopted as part of the Budget Control Act of 2012….
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Obamacare, so says the Congressional Budget Office, will lead some 2.5 million workers to drop out of the labor force. But the White House sees the silver lining: “Over the longer run, CBO finds that because of this law [Obamacare], individuals will be empowered to make choices about their own lives and livelihoods like…
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As Obamacare continues to fail its apologists look to state exchanges such as California’s for signs of success. There might be a couple but this report does a decent job of finding failure. “The state health insurance exchange’s online enrollment portal remains down because of a software malfunction that has dogged consumers,” says the…
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For several years now, 24/7 Wall Street has analyzed how well each state within the United States is run by its elected officials and government bureaucrats. To determine how well each state is run, they looked at each state’s financial data as well the services that each provides to its residents, while also factoring…
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Via Stanford professor and former presidential economic adviser Keith Hennessey: Hennessey also provides one of the best summaries of the CBO’s 2014 Budget and Economic Outlook report that we’ve seen anywhere: In their recently released annual Economic and Budget Outlook CBO lays out the four costs of higher debt (page 7). “Federal spending on…
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For the third consecutive year, the National Basketball Association included U.S. Secretary of Education Arne Duncan in its celebrity game on all-star weekend. Duncan played basketball at Harvard where he was a first team academic all-American. In Black History Month some viewers might have thought that his real job is to dish out assists…
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We’re going to look at the growth of the U.S. national debt a little bit differently today. Instead of noting when it will likely exceed the typical milestones that usually get tossed around, say when its set to exceed $18 trillion (next year) or some percentage value of GDP, we thought it might be…
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Early 2014, with tax time approaching, is a good time to recall some hard realities. New government entitlements such as Obamacare are proving a colossal bust, and the federal government has been busy creating brand new agencies of dubious utility, such as the Consumer Finance Protection Bureau. None of that means that older federal…
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