Economy | PJ Media


‘Affordable’ Housing: Karma’s a You-Know-What

Tuesday, September 29th, 2015 - by Michael Walsh

The great Thomas Sowell explains the facts of economic life to the “environmentalist” left in California: Nowhere has there been so much hand-wringing over a lack of “affordable housing,” as among politicians and others in coastal California. And nobody has done more to make housing unaffordable than those same politicians and their supporters. A recent survey […]

Missouri Legislature Stops Cities from Raising Minimum Wage

Thursday, September 17th, 2015 - by Liz Sheld

A wave of minimum wage hikes is travelling across the nation but not in Missouri. The Republican legislature in Missouri put the brakes on state wage hikes, overriding the veto of Democrat Governor Jay Nixon. Missouri’s majority Republican legislature voted on Wednesday to block Kansas City, St. Louis and other municipalities from raising minimum wages […]

Welcome to America: Now Fork Over a Hundred Grand

Monday, September 14th, 2015 - by Michael Walsh

This could put a damper on unarmed nation-invasion — just bill them up front for “family reunification” and let everybody pay their fair share! The federal debt held by the public totals more than $13 trillion, or about $107,000 per household in the United States, according to a report released this month by the Cato […]

Uber Expanding in China with Plans to Enter 100 New Cities

Tuesday, September 8th, 2015 - by The Tatler

Uber CEO Travis Kalanick announced today that Uber will expand into 100 more cities in China over the next year, “doubling a previous goal set just three months ago.” Kalanick’s announcement was made at an event held by Uber investor Baidu. Currently Uber operates in 12 cities in China. The speech comes a day after […]

Is Boehner on His Way Out?

Tuesday, September 8th, 2015 - by Liz Sheld

Politico ran a piece this morning asserting “Boehner’s future as speaker in doubt.” “The Republican leader faces a grueling next few months, and even allies believe this will be his last term atop the GOP conference,” is the article’s subhead. Could we be seeing the last of John Boehner? With anti-establishment fervor at all-time high […]

State Department Funds BDS Movement

Monday, September 7th, 2015 - by Susan L.M. Goldberg

Now that a new academic year is upon us, pro-Israel advocates are gearing up for another round of boycott/divestment/sanctions (BDS) blather on many an American college campus. As the most recent Israeli elections taught us, if you want to know who you’re up against, just follow the money. As The Algemeiner reports: The controversial New […]

‘Water Shortages Are Manmade’ Economist Says

Thursday, September 3rd, 2015 - by Walter Hudson

John Stossel has a provocative piece over at Reason entitled “There’s nothing mysterious about the market.” He offers several examples demonstrating how the market provides services which many assume can only be offered by government. One example which stands out, particularly for folks living in California these days, is water utilities. Stossel echoes what we’ve […]

Mark Levin: Entitlement Programs Are Theft From Your Children

Wednesday, August 26th, 2015 - by Julie Prince

In a recent interview discussing his book Plunder and Deceit: Big Government’s Exploitation of Young People and the Future, Mark Levin described the ills of egregious government entitlement spending: Future generations don’t vote, they don’t exist yet, so they keep stealing from them. They keep robbing from them which means they are going to have limited liberty, […]

Obama Heading to Vegas to Talk Climate Change as Stock Market Plummets on #BlackMonday

Monday, August 24th, 2015 - by Liz Sheld

The Dow Jones industrial average plunged 1,000 points at the opening bell on Wall Street, extending “the losses of last week, already the worst for the stock market in four years.”  A small bounce has the market down 600 as of this writing. The Chinese economy, the second largest in the world, has investors nervous […]

WATCH: New Amazon Exec Jay Carney Defends Online Giant Against Allegations It Makes Workers Cry

Tuesday, August 18th, 2015 - by Bridget Johnson

Former White House press secretary Robert Gibbs is trying to turn around sagging sales at McDonald’s, and now his successor Jay Carney is defending Amazon from allegations that it makes workers cry. The New York Times story alleged that the mega Internet retailers is “conducting a little-known experiment in how far it can push white-collar […]

Not Feeling Your Pain: Federal Employees Get Increases in Travel Per Diem Rates

Monday, August 17th, 2015 - by Stephen Kruiser

It’s only taxpayer money… The General Services Administration released the updated per diem rates for 2016, giving federal employees a little more leeway for meals and lodging when on the road for official business. The new rates — which go into effect on Oct. 1 — give employees a bit more for lodging and update […]

Bernie Trumps Trump …Among Christian Kids?

Monday, August 10th, 2015 - by Susan L.M. Goldberg

Forget the showmanship apparent at last week’s Republican debates. The pomp, circumstance and condemnation of the Obama era has left millennial voters exhausted and ready to opt out of the 2016 election over a year ahead of schedule. And can you blame them? Primed by the vicious anti-W. demonstrations, millennials associate nothing but derision, deadlock […]

State of Texas Makes $20M in One Day to Fund Education

Thursday, August 6th, 2015 - by The Tatler

Everything is bigger in Texas, including the amount the state just raised to fund education. “Texas’ first-ever online sale of oil and gas leases quickly became the biggest state lease sale in the nation to be held on EnergyNet, earning public schools nearly $20 million Tuesday morning. ” “When private oil and gas companies develop […]

Company’s $70,000 Minimum Wage Works Out Just Like Atlas Shrugged Predicted

Monday, August 3rd, 2015 - by Walter Hudson

Some have called Ayn Rand a prophet. But her powers were not mystical. They were rational. She observed human nature with a discernment matched by no philosopher before or since. In her magnum opus Atlas Shrugged, Rand presented a fictional town called Starnesville, a Midwestern ruin where an important and profitable motor factory once stood. […]

Socialism: Fails Every Time It’s Tried

Friday, July 31st, 2015 - by Michael Walsh

Are we sure we want an avowed socialist running for president? What could possibly go wrong? Venezuelans are struggling to call abroad as telephone carriers fall behind on payments to international partners amid a currency crisis that is leaving the country increasingly cut off from the rest of the world. The South American nation’s largest private […]

Faced with Shortages, Venezuela Nationalizing Food Distribution

Sunday, July 26th, 2015 - by Michael Walsh

Yeah, this will work: What began as rumors of state meddling in the food-distribution market in Venezuela were finally confirmed on Monday. The Nicolás Maduro government is compelling the country’s food producers to send up to 100 percent of their output to state-owned distribution centers and stores, in an attempt to solve the nation’s shortage […]

Sanders: If ‘Cruel’ Austerity Forced on Greece, the Nazis Will Rise

Wednesday, July 15th, 2015 - by Bridget Johnson

Sen. Bernie Sanders (I-Vt.) warned today that austerity measures in Greece could lead to a Hitler-style rise of Nazis in Europe. Greek lawmakers approved a bailout plan today despite voters rejecting similar measures last week, sparking violent protests in Athens. They’ll have to institute tax reform, pension overhaul and spending cuts to qualify for some […]

Politico on Hillary’s Economic Policy Speech: ‘Is that it?’

Monday, July 13th, 2015 - by Stephen Kruiser

Her Madameship continues to underwhelm. Hillary Clinton gave a big economics speech here on Monday and the snap reaction among Wall Street investors, economists and ardent financial reformers who thrill to the soak-the-rich rhetoric of Bernie Sanders was a collective: “Meh. What’s next?” Clinton laid out the soft contours of a “growth and fairness economy” […]

Welcome to ‘Fundamental Transformation’: America Now Officially Broke

Sunday, July 12th, 2015 - by Michael Walsh

But you know Obama and the Democrats will keep on spending anyway: Testifying in the U.S Senate yesterday, Congressional Budget Office Director Keith Hall warned that the publicly held debt of the U.S. government, when measured as a percentage of Gross Domestic Product, is headed toward a level the United States has seen only once […]

O’Malley: Save Puerto Rico!

Tuesday, June 30th, 2015 - by Bridget Johnson

Democratic presidential candidate and former Maryland Gov. Martin O’Malley wants the U.S. to step in and bail out Puerto Rico. On Sunday, Gov. Alejandro Garcia Padilla announced that the U.S. territory can’t pay its $72 billion in debt, drawing comparisons to Greece and warnings from economists that U.S. investors have much more to lose from […]

Despite SCOTUS EPA Ruling, Obama’s Damage to Coal Industry Permanent

Monday, June 29th, 2015 - by Stephen Kruiser

Fundamentally transforming stuff… President Barack Obama’s opponents won a Supreme Court skirmish in the “war on coal” Monday, but the ruling blocking his mercury pollution rule won’t do anything to reverse coal’s waning role in the nation’s power supply. And on top of that, legal experts don’t expect the decision to hamper the administration’s plans […]

Shocker: Americans Fleeing High-Tax States for Low-Tax States

Wednesday, June 24th, 2015 - by Michael Walsh

This will probably come as a shock to the governors of New Jersey, New York, Illinois and Connecticut, but the numbers don’t lie: A CNBC analysis of tax data and figures provided by two major national moving companies shows that states with the highest per-capita taxes, for the most part, are also seeing the biggest […]

Notch a Win for Liberty: Supreme Court Slaps Uncle Sam for Snatching Your Stuff

Monday, June 22nd, 2015 - by Scott Ott

In April, I told you about Horne vs. USDA, a 5th Amendment case that pitted a raisin farmer against the power of big, remote, centralized government. Well, Rejoice! The Supreme Court ruled today that personal property is no different than real estate under the 5th Amendment when it comes to eminent domain, and if Uncle Sam […]

Big Brother Fed Uses Biodata to Track School Lunch Choices

Monday, June 22nd, 2015 - by Susan L.M. Goldberg

From EAG News: A Pennsylvania school district is scanning students’ thumbprints, tracking all of their lunch purchases, and turning the data over to the federal government. The Hazleton Area School District recently announced it would be providing free meals to all students, regardless of need. The move comes after the federal government began incentivizing school […]

Rand Paul Seeks to ‘Blow Up the Tax Code’

Thursday, June 18th, 2015 - by Walter Hudson

Republican presidential hopeful Rand Paul wrote Wednesday in the Wall Street Journal that he seeks to “blow up the tax code.” By that, he means that he wants to abolish the current federal revenue infrastructure and replace it with a 14.5% flat tax. WSJ reports: The plan would eliminate payroll taxes on workers, as well as […]

Treasury to Go All Aaron Burr on the $10 Bill, Bump Off Hamilton

Wednesday, June 17th, 2015 - by Bridget Johnson

Treasury Secretary Jack Lew is about to become the 21st century Aaron Burr by booting Alexander Hamilton off the $10 bill. Treasury was teasing a big announcement from its engraving office at midnight, until Nancy Lindborg, the president of the U.S. Institute of Peace, broke the embargo by praising Lew’s decision in a tweet. “Sec […]

Oregon Eyes $13/Hour Statewide Minimum Wage

Tuesday, June 16th, 2015 - by Stephen Kruiser

Bullseye on small businesses. A senior Oregon lawmaker is proposing that the Democratic-led state raise its minimum wage to $13 an hour by 2018 in a move that would give it the highest statewide minimum pay level in the country, officials said on Tuesday. House of Representatives Speaker Tina Kotek plans to present her proposal […]

Leaked Doc Reveals: Pope Enraged Over Climate Change, Calls for Redistribution of Wealth

Tuesday, June 16th, 2015 - by Susan L.M. Goldberg

For those still unconvinced that the current pope was raised under a Soviet-inspired pro-socialist climate, the UK Independent reports: Pope Francis warned that the world is heading for “unprecedented destruction” unless mankind confronts climate change and reforms the way it treats the planet, as the most eagerly anticipated papal document in living memory was leaked. In […]

‘Happiest Place On Earth’ Is Also One of the Most Expensive

Saturday, June 13th, 2015 - by Michael Walsh

How many families can afford Mickey Mouse these days? Lots, apparently: When Walt Disney World opened in an Orlando swamp in 1971, with its penny arcade and marching-band parade down Main Street U.S.A., admission for an adult cost $3.50, about as much then as three gallons of milk. Disney has raised the gate price for the […]

Reuters: Perry Only Governor in GOP Race Who Can Brag About His State’s Economy

Thursday, June 11th, 2015 - by Stephen Kruiser

Well, yeah. Various Republican governors with an eye on the White House can point to tax cuts and other business-friendly policies they spearheaded as they enter the crowded 2016 presidential contest. But many of them can’t highlight robust economic growth. Among the handful of governors and former governors competing for the Republican presidential nomination, only […]

Perry Is In

Wednesday, June 10th, 2015 - by Leslie Loftis

Recall in 2011, political watchers had expected Rick Perry to enter the race weeks before he announced. The media started touting their objections early. At the time I was in London blogging as an expat and I wrote an explainer post about the objections. Most of that old post holds up well. Those issues are still relevant, […]

Admit It: Here’s a Headline You Never Thought You’d Ever See

Sunday, June 7th, 2015 - by Michael Walsh

As if you needed any further proof of the existence of the Permanent Bipartisan Fusion Party and its offshoot, the Permanent Bipartisan Fusion Government, look no farther: President Obama opened an intense final round of lobbying to win support for his sweeping Pacific Rim trade accord ahead of a crucial vote in the House as […]

Even Obama’s EPA Isn’t Buying the Lies About Fracking and Drinking Water

Thursday, June 4th, 2015 - by Stephen Kruiser

Tough break, enviroloons. A long-awaited EPA report released Thursday found no signs of “widespread, systemic” drinking water pollution caused by fracking — a conclusion that offers a victory to the oil and gas industry and a major blow to a wave of grassroots anti-drilling movements sprouting across the country. The results of EPA’s years-long fracking […]

Unhinged EPA About to Make Air Travel More Expensive

Tuesday, June 2nd, 2015 - by Stephen Kruiser

“Legacy” or something. The Obama administration is set to announce that it will require new rules to cut emissions from airplanes, expanding a quest to tackle climate change that has included a string of significant regulations on cars, trucks and power plants. The Environmental Protection Agency is expected to report as early as Friday its […]

Feminists Demand Women’s Viagra, Citing FDA Resistance as ‘Sexist’

Tuesday, June 2nd, 2015 - by Susan L.M. Goldberg

Flibanserin, aka the “female Viagra” is once again up for approval by the Food and Drug Administration. Despite conflicting results concluding that the drug does nothing to address Hypoactive Sexual Desire Disorder (HSDD), feminists under the banner of “Even the Score” are petitioning the federal agency to approve the sexual anti-depressant designed for women. Their […]