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Economy Archive

Is the United States In or Out on Globalization? | Commentary

When Michigan Repulican Rep. Dave Camp’s comprehensive tax reform plan died earlier this year, so too did the hope that Congress would tackle America’s economic competitiveness problem anytime soon.

The Tea Party Grows Up | Commentary

The gleeful speculation of the “demise” of the tea party amidst disappointing 2014 primary results is giving way to a very different reality.

How Unnecessary Data Reporting Requirements Turned a $44 Theft into a $10,000 Federal Headache | Commentary

In June 2008, a thief entered a custodial room at the University of Nebraska at Kearney and took a bag of Ruffles chips, some Little Debbie Nutty Bars, and a set of two-way radios — a combined value of $44.88. Six years later, the same incident is costing the university $10,000, all because of a dispute with the U.S. Department of Education over whether the space where the theft took place was a closet or an office.

Congress Should Stop Using Taxpayer Money to Fund Radio Free Europe's Attacks on Our Allies | Commentary

Add Radio Free Europe/Radio Liberty to the list of grievances about Congress’ and the administration’s use of America’s precious tax income. RFE/RL, together with Voice of America, cost American tax payers $750 million annually. Yet instead of the “objective news, analysis and discussion of domestic and regional issues crucial to successful democratic and free-market transformations,” it attacks allied nations that espouse these values.

Transparency: A Means to Making Government Work Better | Commentary

Polarization and gridlock in government has become a national meme, and some have speculated that government transparency contributes to the problem.

Congress Should Reject EU Attacks on Internet Freedom | Commentary

European lawmakers and regulators will tell you that their recent adventures into Internet regulation are aimed at upholding a “fundamental human right” to privacy. They’ll claim the right to be forgotten is not a “super right” trumping other fundamental rights. But in their headlong rush to protect Internet users from themselves, they’ve done just that and downgraded other fundamental human rights like the right to free expression.

Michael Brown: The Spark That Lit the Tinder of Racial Distrust | Commentary

An American city is under curfew, the National Guard has rolled in, and for the first time, Amnesty International has sent a delegation of observers to U.S. soil. It is a sad day for all Americans, and in Ferguson, Mo., people of all colors, including Asian Americans, have been affected. We do not know what transpired that led to the death of Michael Brown. We do not know if Officer Wilson’s actions were justified or simply reprehensible. But we have seen the turmoil and mistrust that has followed. And we have seen individuals cross from protest to criminality.

Norwegian Air International: What's Past Is Prologue | Commentary

Will U.S. commercial aviation travel the same path as U.S. maritime where flags of convenience cripple an important part of our economy?

Puerto Rico Is Rebuilding Its Economy for a Brighter Future | Letter to the Editor

Ring the Alarm Bells Over Puerto Rico, published Aug. 13, mischaracterizes the island and the positive initiatives enacted by the García Padilla administration.

Government Should Aid Businesses Based on Impact, Not Identity | Commentary

Obscurely nestled between the 50th and 60th anniversaries of the Brown v. Board of Education decision and the Civil Rights Act of 1964 is a much overlooked milestone. That is the 55th anniversary of the creation of the Office of Minority Business Enterprise, the predecessor of the Minority Business Development Agency as we know it today.

Labeling Laws Should Be Consistent Across all Venues | Commentary

The Food and Drug Administration will soon issue final regulations detailing a national standard for what is known as “menu labeling.” This new national standard will require restaurant and similar retail food establishments (think grocery and convenience stores) of 20 or more same-brand locations to display calories on the menu, menu board or drive-thru, as well as provide additional nutrition information to consumers upon request.

Ring the Alarm Bells Over Puerto Rico | Commentary

Puerto Rico’s government-owned electric power authority is facing a deadline Thursday to make $661 million in payments to Citibank and a consortium headed by Scotia Bank. The authority, Puerto Rico Electric Power Authority, which goes by the acronym PREPA, had its rating cut by Standard & Poor’s on July 31 to CCC, or eight steps below investment grade and “vulnerable to nonpayment.”

Why Congress Should Dispense With the Export-Import Bank | Commentary

Myron Brilliant, head of International Affairs for the U.S. Chamber of Commerce, recently graced these pages with a stirring defense of how the taxpayer-funded Export-Import Bank is “indispensable.” He provided several anecdotes to demonstrate how the Ex-Im’s taxpayer-subsidized loans help “small businesses” that just couldn’t survive without the government financing their exports.

Paul Ryan Anti-Poverty Plan Targets Regressive Regulation| Commentary

Rep. Paul D. Ryan of Wisconsin recently unveiled a plan to address poverty and increase opportunity and upward mobility for low-income Americans. While many commentators may focus on the congressman’s proposals to reform education and the social safety net, Ryan’s plan also suggests important reforms in another area that significantly affects low-income households: regulation.

"Hand-Me-Down" Menu Regulations Just Don't Fit Convenience Stores | Commentary

Anyone with older siblings or cousins remembers the joys of “hand-me-down” clothes. They were a common-sense approach for Mom, of course. But somehow those outfits never fit right, felt right, or looked right — they sagged here and bunched up there, and certainly weren’t your favorite color or style.

New Markets: A Tax Credit That Works for America's Communities | Commentary

As Congress gears up for its five-week summer recess, we suggest our colleagues visit a business or community development project in their area that was financed by the New Markets Tax Credit. You will be impressed.

NLRB Stacking the Deck Against Small Businesses and Employees | Commentary

Behind every small business is a story of entrepreneurial vision and risk taking. All startups are a daunting endeavor. That’s why the franchising model was created — to help launch new businesses, leveraging resources from successful nationally recognized companies to individual operations.It’s a model that has worked well for decades — franchisors grow and expand their brand-reach while franchisees realize the dream of starting their own business.

Hepatitis is Still the Silent Killer | Commentary

Although the price of a revolutionary new hepatitis C treatment has made headlines recently, the real hepatitis crisis continues largely unreported. A more immediate problem for many Americans is not how much one hepatitis C treatment might cost; it is how many Americans are infected with viral hepatitis and do not even know it.

Congress Vs. GM: 'Why Not Jail' Squares Off Against K Street | Commentary

GM CEO Mary Barra has appeared before congressional committees no fewer than four times in the past few months to testify about her company’s deadly ignition switch problem, emerging gradually from her initial persona as a mournful penitent to a posture of straight-backed, jaw-locked defiance during questioning by Sen. Claire McCaskill, D-Mo., in mid-July.

The Congressional Earmark Ban: the Real Bridge to Nowhere | Commentary

In 2005, a $223 million earmark to fund the construction of a bridge from Ketchikan, Alaska, to the tiny island of Gravina, Alaska, captured national attention. The earmark, which was included in a bill to provide funding for reconstruction efforts after Hurricane Katrina, rightfully drew scorn and ridicule from across the country. In 2007, Congress stripped the earmark.

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