Newsletter subscribe
Tag: Economy

Federal Court Upholds Regulations That Threaten Open Internet

Posted: June 14, 2016 at 11:49 am   /   Politics

Sixteen months after the Federal Communications Commission imposed heavy new regulations on broadband services, a federal appeals court—by a 2-1 vote—upheld the new rules. The decision was a loss not just for providers of Internet access, but for the consumers who—up until now—have benefited from the innovation and growth that has stemmed from the Internet’s […]

No Comments read more

Supreme Court Says No to Puerto Rico’s Bankruptcy Law

Posted: June 13, 2016 at 2:02 pm   /   Politics

In a 5-2 ruling on Monday, the Supreme Court ruled that Puerto Rico cannot create its own bankruptcy law because the Federal Bankruptcy Code preempts it. Facing a financial and economic crisis, Puerto Rico passed a law that would have allowed it to subject its public utilities to a Chapter 9 bankruptcy-like process. While states […]

No Comments read more

US Postal Service’s Problems Go All the Way to the Top

Posted: June 13, 2016 at 11:23 am   /   Politics

It’s no secret that the postal business is shrinking. First-class mail volume is melting away like a popsicle in the sun—down 40 percent since 2000. Less well-known is the shrinkage of the U.S. Postal Service’s board of governors. It is supposed to have nine members (not counting the postmaster general and deputy postmaster general). At […]

No Comments read more

How Obama Has Made It Harder for Companies to Hire

Posted: June 10, 2016 at 1:40 pm   /   Politics

Government data released on Wednesday shows the number of private-sector job openings was at an all-time high in April. Companies, however, hired the fewest number of people on a seasonally adjusted basis in nine months. Why the disparity? The JOLTS (Job Openings and Labor Turnover Survey) data the government released show that there were 5,289,000 […]

No Comments read more

Govenrment Blesses ICANN Transition: Remaining Concerns and New Questions

Posted: June 10, 2016 at 6:53 am   /   Politics

The Obama administration first announced its intent to end the historical U.S. contractual relationship with the Internet Corporation for Assigned Names and Numbers (ICANN) in March 2014 and transition its stewardship of key Internet domain name functions to the global multi-stakeholder community. The transition was originally supposed to occur at the end of Sept. 2015, […]

No Comments read more

House-Passed Debt Relief for Puerto Rico Splits Conservatives

Posted: June 10, 2016 at 3:01 am   /   Politics

About the only thing conservatives agree on about legislation the House passed Thursday night providing rescue to Puerto Rico’s debt crisis is that it’s not a bailout. “There are good reasons to be for the bill, and there are good reasons to be against the bill, but this is not a bailout,” said Rep. Mick Mulvaney, R-S.C., […]

No Comments read more

BREAKING: Senators Ready Bill to Stop DOJ From Bankrolling Liberal Groups

Posted: June 9, 2016 at 8:59 pm   /   Politics

The Senate may take steps to end a Justice Department slush fund that has channeled millions of dollars in banking settlements to outside organizations, including left-wing groups such as La Raza and NeighborWorks America. Four Republican senators—James Lankford of Oklahoma, Ted Cruz of Texas, and Utah’s Orrin Hatch and Mike Lee—said they would introduce legislation […]

No Comments read more

Senate Democrats Attempt to Bring Export-Import Bank Nominee to Senate Floor

Posted: June 9, 2016 at 9:59 am   /   Politics

In what amounts to little more than a political stunt, Senate Democrats attempted to circumvent the Senate Banking Committee on Thursday and bring a nominee to the Export-Import Bank’s board of directors directly to the floor. However, Senate Banking Committee Chairman Richard Shelby, a Republican from Alabama, objected to the efforts, triggering a debate from […]

No Comments read more

Business Owners ‘Nervous and Unhappy’ After San Diego Raises Minimum Wage to $11.50

Posted: June 8, 2016 at 2:27 pm   /   Politics

San Diego residents on Tuesday voted to raise the city’s minimum wage to $11.50 an hour beginning Jan. 1, producing an outcome that left few surprised but small business owners feeling resigned and disappointed as they now work to address increased labor costs. More than 60 percent of San Diego voters supported Proposition I, a […]

No Comments read more