Britain’s Court of Appeal has tossed the lawsuit of Tesla boss Elon Musk against Britain’s popular “Top Gear” program. In 2008 host Jeremy Clarkson called the electric Tesla roadster “an astonishing technical achievement” adding “it’s a shame that in the real world it doesn’t seem to work.” That is, he found that the car…
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We weren’t planning on making “How Washington D.C. Works (Or Not)” into a regular series, but then, we can’t make this stuff up and the politicians keep generating fresh material! Today’s example of how our federal government works, or doesn’t really, is from March 7th, when the U.S. Centers for Disease Control Director Tom…
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How much more are the employees of the federal government compensated than their peers in the private sector? The Congressional Budget Office released a study in 2012 that took factors like age, skills, experience, education, employer size and occupation into account, to do as close to an apples-to-apples comparison as possible. The chart below…
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Mark Trumbull of DC Decoder notes that, according to the Congressional Budget Office federal tax revenue will hit $2.7 trillion this year, a record that would surpass the $2.6 trillion in 2007, before the recession started. This strengthens the case of those who say the problem must be excessive government spending. But the $2.7…
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The M-1 Abrams tank can pulverize a building at a distance of more than two miles and proved its worth in Iraq and Afghanistan. If one of these tanks is headed your way you might have a problem, but now the United States military has a problem with the tank beyond its reported unsuitability…
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President Obama finally admitted the truth about the spending cuts mandated by his sequester as he officially signed off on them on Friday, March 1, 2013: http://youtu.be/S3qZ811q1xs That comment almost completes the President’s change in tune from the kinds of claims he was making just 9 days earlier. However, much as it takes time…
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We recently noted that gasoline prices are up 75 cents since December and motorists in southern California are now paying as much as $6 a gallon. But Golden State motorists will soon be paying even more, “no matter what market forces do,” as one report puts it, because California’s State Board of Equalization just…
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Watch the following YouTube video and see if you can notice a change in President Obama’s tune with respect to the long-dreaded budget cutting “sequester”, which is supposed to go into effect today: We wonder what changed the President’s mind on supporting his own proposal to impose the automatic budget cuts that are taking…
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Wall Street cash bonuses for 2012 could rise 8 percent to a grand total of $20 billion according to the Wall Street Journal, in an industry where the average salary is $362,900, higher than before the financial crisis began. Those who bagged the fat bonuses are doubtless popping the bubbly and heading for the…
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As Thomas Sowell has pointed out, politicians like to spend money on government pensions, for obvious reasons. It reinforces their professional ruling-class status, they are spending other people’s money on themselves, and the spending comes down the line in the future. But in a lingering recession and shrinking economy, articles like this are starting…
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