Newsletter subscribe
Tag: Economy

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 […]

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 […]

Comments read more

Congress’s Proposal to Restrict Legal Proceedings in Puerto Rico Debt Crisis Could Trigger Chaos

Posted: June 8, 2016 at 1:01 pm   /   Politics

The rule of law requires an orderly and predictable judicial system that guarantees citizens the right to seek redress through the courts for wrongs they suffer. Congress’s proposal to address Puerto Rico’s economic and fiscal crisis through the Puerto Rico Oversight, Management, and Economic Security Act (PROMESA) throws all that aside by implementing a stay […]

Comments read more

Rand Paul Waste Report Highlights $25 Million Climate Change Project

Posted: June 8, 2016 at 8:53 am   /   Politics

Sen. Rand Paul, R-Ky., outlined the federal government’s decision to fund a multimillion-dollar Philippines disaster preparation project in a new edition of The Waste Report. According to the report titled, “Rising Tide of Waste in the Philippines,” “the United States Agency for International Development (USAID) plans to invest as much as $24.7 million as part […]

Comments read more

7 Key Provisions to Dodd-Frank Reform Bill

Posted: June 8, 2016 at 7:52 am   /   Politics

The 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act is among the most inappropriately named laws ever enacted in the U.S. It neither reformed Wall Street nor protected consumers, and it imposed massive new regulations on banks far away from Wall Street. House Financial Services Committee Chairman Jeb Hensarling, R-Texas, has long recognized how […]

Comments read more

One Alabama Congressman Wants to Help Puerto Rico By Fighting Crony Capitalism

Posted: June 8, 2016 at 7:06 am   /   Politics

Rep. Gary Palmer. R-Ala., recently proposed an amendment to legislation on Puerto Rico that would exempt the island from the Jones Act. The Merchant Marine Act of 1920, also known as the Jones Act, requires vessels transporting goods within the United States to be U.S.-built, U.S.-owned, and at least 75 percent U.S.-crewed. According to the […]

Comments read more

Mitch McConnell Complains About ‘Unreasonable’ Conservatives, Points Blame at Talk Radio

Posted: June 8, 2016 at 3:35 am   /   Politics

Senate Majority Leader Mitch McConnell takes pride in his reputation as a great compromiser. But the Republican leader won’t concede on one point: He refuses to let conservatives fight the White House for lower spending levels. McConnell, R-Ky., outlined his political roadmap for government spending on Tuesday, sketching out the routes he sees available: an […]

Comments read more

‘Environmental Justice’: Obama-Era Politics Overrides Rule of Law

Posted: June 7, 2016 at 5:17 am   /   Politics

In every Soviet-era military unit, the long shadow of totalitarian political control hung over day-to-day operations. A political commissar served alongside commanding military officers to ensure that communist purity was maintained. We’re seeing the same political strong-arm in President Barack Obama’s executive agencies, particularly in the raw enforcement of so-called “environmental justice.” Readers will recall […]

Comments read more

The GOP Plan to End Wall Street Bailouts

Posted: June 7, 2016 at 3:01 am   /   Politics

House Republicans are priming the pump for the next president to overhaul much of the financial regulation enacted in the aftermath of the 2008 global market downturn. The GOP plan would repeal and replace most of the Dodd-Frank financial overhaul with a more market-based regulatory scheme. As part of the GOP’s “A Better Way Agenda,” […]

Comments read more