Some lessons take a long time to sink in. The Exxon Valdez disaster, which occurred 25 years ago this week when the oil tanker struck a reef in Alaska's Prince William Sound, was both the product of previous lessons unlearned and the source of new lessons that continue to be overlooked.
Talk about a "poverty trap"! The phrase was recently used by House Budget Committee Chairman Paul D. Ryan, R-Wisc., to suggest that the nation's panoply of programs to aid low-income households was keeping them from rising into the middle class.
A big part of the argument made by enemies of the Affordable Care Act that the Act is hurting Medicare applies to a category of health plan known as Medicare Advantage. New evidence has just come in showing that Medicare Advantage is a ripoff that fattens the health insurance industry while...
Matt Drudge, whose news aggregation website, the Drudge Report, still has the power to drive huge traffic to articles he links to, also still has the power to make grownups at the White House (and maybe the IRS) sit up and go, "Huh?"
Mergers-and-acquisition types on Wall Street are no doubt cackling over the proposed $8.5-billion merger of Dollar Tree and Family Dollar Stores -- and why not, since it was spurred in part by corporate sharpshooter Carl Icahn?
Crusaders know they're nothing without something to crusade against. That's undoubtedly why hedge fund billionaire Peter G. Peterson keeps harping on the federal debt.
A key Democratic senator on Tuesday decried the recent wave of American companies restructuring abroad to avoid U.S. taxes, describing it as a virus infecting the economy and urging legislation to halt it. But despite the call from Senate Finance Committee Chairman Ron Wyden (D-Ore.) for quick action to restrict so-called tax inversion deals, Republicans cautioned that pending proposals could backfire and push more U.S. companies overseas. The split showed that even though there is bipartisan agreement that offshore tax shifting is bad for the U.S. economy, there is no consensus on Capitol Hill on how to address the problem. The split means there's little chance for legislation...