Texas Gov. Rick Perry’s (R) radical belief that everything from Social Security to Medicare is unconstitutional rocketed him to the front of the GOP presidential race, but he collapsed just as quickly once GOP voters learned that he supports allowing undocumented immigrants to pay in-state tuition at public universities. Perry’s loss has been Herman Cain’s [...]
Oil billionaires and scofflaws Charles and David Koch
Bloomberg details activities from bribing officials in Africa, India and the Middle East to win contracts to rigging prices with competitors to the most damning action: using foreign subsidiaries to sell equipment to Iran.
A Bloomberg Markets investigation has found that Koch Industries—in addition to being involved in improper payments to win business in Africa, India and the Middle East—has sold millions of dollars of petrochemical equipment to Iran, a country the U.S. identifies as a sponsor of global terrorism.
Internal company documents show that the company made those sales through foreign subsidiaries, thwarting a U.S. trade ban. Koch Industries units have also rigged prices with competitors, lied to regulators and repeatedly run afoul of environmental regulations, resulting in five criminal convictions since 1999 in the U.S. and Canada.
From 1999 through 2003, Koch Industries was assessed more than $400 million in fines, ...
The House and Senate have another Continuing Resolution (CR) on the agenda that would fund the federal government into next month. The House will consider a measure aimed at over regulation by the Environmental Protection Agency (EPA). The Senate will debate a bill addressing China’s currency and trade issues. The Super Secret Committee marches on behind closed doors to cut a deal on $1.2 trillion in cuts over 10 years.
The President is expected to keep pushing his so called jobs bill, yet the evidence from his own Administration proves that each job created is costly for the taxpayer. Watch this week for the rhetoric of class warfare to heat up as desperate Obama Administration officials try to reverse terrible approval ratings. Real Clear Politics has the President at 43% approval and 52% disapproval.
The House kicks off the week with 7 votes on the Suspension Calendar on Monday. The bills are H.R. 686 (Utah National Guard Readiness Act), H,R, 765 (a bill dealing with ski areas), H.R. ...
“I’m delighted that Gordon Crovitz reviews Public Parts in the Wall Street Journal. Snippets:
“For many years, privacy has been evolving to become a right as fundamental as equal protection or free speech. But what if it comes at too high a cost? What if we have too much privacy when technology now makes [...]
If there's an upside to coming back from a recess, it's that there's usually not much (if anything) to write about in the recap of the previous week. In this case there actually was some activity last week, but we'll have to reverse our usual order of reporting to cover it. On Monday, the Senate passed amended versions of two continuing appropriations bills and sent them back to the House—one keeping the government running until this Tuesday, October 4th; one lasting slightly longer, until November 18th.
The House , during its September 29th pro forma session, approved the shorter term bill—H.R. 2017—by unanimous consent, allowing the government to keep operating until the full House could return from the recess. That's where things stand on government shutdowns, and the sum total of the substantive work done in Congress last week.
This Week in Congress
This week, the House returns with the traditional first day slate of suspension bills, including the critical Ski Area Recreational ...
More than 10 million food shipments arrived in the U.S. last year — and the federal Food and Drug Administration was only able to inspect 2 percent of them, a number the agency says will shrink in the future. ...
If you only read Thursday's coverage of Bank of America's decision to impose a $5 monthly debit card fee by Associated Press Personal Finance Writer Candice Choi, you would have no idea that last year's "Dodd–Frank Wall Street Reform and Consumer Protection Act" triggered BofA's decision. The legislation gave the Federal Reserve the power to limit debit card interchange fees. The Fed's limit -- 21 cents plus 0.5% of each purchase transaction -- basically cut the banks' fees by about half from their pre-Dodd-Frank level. CardHub.com estimates that the cap will reduce banks' fee income by $9.4 billion annually.
Ms. Choi only cited the existence of "a new rule" in her opening paragraph. She then waited until the ninth paragraph to vaguely cite the existence of "a regulation." It hardly seems accidental that most news consumers who didn't follow the fee fight a year ago will probably have the impression that banks are driving the fee ...
The divide between the Democrats and the Republicans is wider than it has been since the 30s and the president is exploiting this to the full
For the past few years, one of the favoured parlour games in American political punditry has been to figure out which former resident of 1600 Pennsylvania Avenue Barack Obama most closely resembles.
His youth and oratory reminded some of Kennedy; his appeals to national unity brought Lincoln analogies; his entering office in the midst of a historic economic downturn spurred FDR comparisons. For the non-charitable observer, there have been likenesses to the failed presidencies of Carter and Hoover; escalation in Afghanistan was reminiscent of Johnson and Vietnam; and Obama's continuation of his predecessor's civil liberties policies conjured up Bush.
However, if Obama's emerging re-election strategy is any indication it might be time to add Harry Truman. It would be a surprising imitation. After all, Truman was a tough partisan; Barack Obama is a ...