Economy

The federal government saw its tax collections fall by almost 20% in fiscal 2009 compared to fiscal 2008. Through the first seven months of the current fiscal year, year-over-year collections were down by another 4.5%. New York Senator Charles Schumer (pictured at right; obtained from wbng.com) is desperately searching for another way to fleece taxpayers (because cutting spending is of course…

It certainly comes as no surprise that liberal media members hate big business, but the level to which New York Times columnist Bob Herbert attacked some of the nation's largest employers on Saturday should concern everyone interested in preserving what's left of the free market."[T]he biggest, most powerful companies do not have the best interests of the American people in mind when they are…

Editor's Note: The following originally appeared at Andrew Breitbart's Big Hollywood. M. Night Shyamalan’s latest film production, "The Last Airbender," was recently awarded over $35 million in film tax credits from Pennsylvania over two years.  The award is the largest in the history of Pennsylvania’s Film Tax Credit (FTC), breaking the record held by his previous project, "The Happening,"…

Most probably wouldn't think of Rolling Stone magazine as a primary source for information on something like financial regulation reform. However, if you listen to some of the left-wing talking heads like Ezra Klein, Rolling Stone's Matt Taibbi is in the know on major policy issues. So how do Taibbi and the other folks at Rolling Stone keep their readers interested in a topic that wouldn't…

Update - 5/27, 3:08 PM | Lachlan Markay: A new Harvard study finds that increased government spending actually reduces economic activity, contradicting the basic premise behind CBO's assumptions. Details below. Good economic news is so rare for the current administration, that when some does emerge, many in the media parrot it as fact without really examining the claims that undergird it. New CBO…

The New York Times's former Middle East Bureau Chief thinks violent revolt is a laudable response to economic woes, and that murder is at least acceptable in pursuit of a far-left agenda. The media so concerned with the potential for violence from conservative groups are completely silent."Here’s to the Greeks," wrote Chris Hedges at Truthdig.com. "They know what to do when corporations pillage…

Investors Business Daily called attention to an alarming story that goes back to Sunday, May 16 in a Monday evening editorial. A protest noticed by the target's next-door neighbor who happened to be home at the time, namely journalist Nina Easton (who also took the photo at right), occurred in a Metro DC suburb in Maryland marked the next round of a national labor union's attempt at persuasion…

Why is Oklahoma's economy more than OK these days? The latest piece of evidence supporting that truth arrived on Friday, when Uncle Sam's Bureau of Labor Statistics released April's Regional and State Unemployment Summary. The report tells us that Oklahoma had a seasonally adjusted unemployment rate of 6.6% last month. That's far lower than the 9.9% reported for the entire USA two weeks ago. No…

On Saturday’s Huckabee show on FNC, as the show was broadcast from Las Vegas, singer Wayne Newton appeared as a guest to discuss the economic situation in the city, and, when asked by host Mike Huckabee his reaction to President Obama’s remarks from last year attacking businesses for indulging in trips to Las Vegas, Newton did not mince words: "I think that it was the most irresponsible, arrogant…

With the Dow Jones Industrial Average (DJIA) taking another tumble of 376 points on May 20, some investors are pointing to problems in Europe for the sell-off. However, there may be problems at home as well. CNBC's CME Group floor reporter Rick Santelli explained on the May 20 broadcast of "Closing Bell" it had a lot to do with the Europe and the Euro, however it isn't all coming from abroad. "…

A far-left Democratic congressman is accusing conservative commentators of improperly -- perhaps illegally -- conspiring with advertisers to shill for their products under the guise of political opinion. The accusers, however, conveniently ignore liberal commentators that do virtually the same thing, only on a far larger scale.Rep. Anthony Weiner released a report yesterday alleging that Goldline…

If you asked people what the two key events in the 20th century were, most would likely point to World Wars I and II because they transformed civilization. However, can something like the debate over climate change be as equally transformative?  James Delingpole, author of "Welcome to Obamaland: I've Seen Your Future And It Doesn't Work," spoke at the Heartland Institute's International…