Archive for Executive Alert

Foreign Intervention Losing Favor with Americans

“At the very moment President Obama is looking to thrust the United States ever more into global affairs, the American public is turning more isolationist and unilateralist than it has at any time in decades, a survey released yesterday said. The Pew Research Center poll found that a plurality of Americans – 49 percent – [...]

4Dec2009 | | 3 comments | Continued

Obama Says Limited Resources Will Hamper Jobs Program

“After months of focusing on Afghanistan and health care, President Obama turned his attention on Thursday to the high level of joblessness, but offered no promise that he could do much to bring unemployment down quickly even as he comes under pressure from his own party to do more…. Mr. Obama said he would entertain [...]

4Dec2009 | | 1 comment | Continued

House Freezes Estate-Tax Rate

“The House approved a measure Thursday that would make the current estate tax rate permanent, setting it at 45 percent for individual estates worth more than $3.5 million.” (Washington Post, Friday) Even if it doesn’t move, tax it. FEE Timely Classic “The Death Tax Is Fair? It Just Ain’t So!” by Randall G. Holcombe

4Dec2009 | | 0 comments | Continued

White House Hosts Job Summit Today

“Creating jobs is a political and economic imperative for President Obama, who is holding a high-profile jobs summit Thursday that aides hope will demonstrate his concern for the plight of everyday Americans. Obama has summoned 130 corporate executives, economists, small-business owners and union leaders to the White House to sound out ideas for accelerating job [...]

3Dec2009 | | 0 comments | Continued

Bernanke Nomination Faces Roadblock

“Senator Bernard Sanders of Vermont said on Wednesday that he would try to block the Senate from confirming Ben S. Bernanke to a second term as chairman of the Federal Reserve…. Mr. Sanders, an independent, is not a member of the Senate banking committee, but he has frequently accused the Federal Reserve of bailing out [...]

3Dec2009 | | 0 comments | Continued

Government Contractors Profit from “Stimulus”

“As struggling communities throughout the country wait for more help from the $787 billion stimulus package, one region is already basking in its largess: the government-contractor nexus that is metropolitan Washington. Reports from stimulus recipients show that a sizable sum has gone to federal contractors in the Washington area who are helping implement the initiative [...]

3Dec2009 | | 0 comments | Continued

Currency Revaluation Stirs North Korean Unrest

“Chaos reportedly erupted in North Korea on Tuesday after the government of Kim Jong Il revalued the country’s currency, sharply restricting the amount of old bills that could be traded for new and wiping out personal savings.” (Washington Post, Wednesday) Governments will be governments. FEE Timely Classic “Abolish Legal Tender” by D. Alexander Moseley

2Dec2009 | | 0 comments | Continued

India Pressured on Greenhouse Gases

“President Obama’s pledge for the United States to cut emissions by 17 percent by 2020 and an offer by China to lower by 40 percent its carbon intensity — that is, carbon dioxide emissions relative to the size of its economy — have put new, unexpected pressure on India, a senior government official said Tuesday.” [...]

2Dec2009 | | 0 comments | Continued

Perspective: Welfare Spending

Before 1962, three out of every four dollars in federal aid to the poor went to them directly, in cash. Today, the numbers are almost reversed. Most federal aid and local welfare spending goes to the “welfare industry” rather than directly to poor people. In Milwaukee County, Wisconsin, for example, only 37 percent of total [...]

1Feb1994 | | 0 comments | Continued

Perspective: Prison Costs

Prison operating costs in New York State have risen by 148 percent since 1983, while the number of inmates has increased only 93 percent. It is estimated that the state’s prison population will grow from the current 54,900 to 74,400 by the year 2000. Annual operating costs in New York are $24,173 per inmate. —Executive [...]

1Oct1993 | | 1 comment | Continued

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