Treasury’s Monthly Budget Review was released today, and the chart above shows that individual income tax collections through the first eight months of the fiscal year 2011 (October 2010 to May 2011) increased by 28.5% and $156 billion, compared to … read more
As many energy scholars have predicted, actions have consequences, even if the actions are green. Hence, like others, I have predicted (and documented) that green energy initiatives that raise energy costs will lead to industry flight, as energy-consuming industries are … read more
In a positive sign that the U.S. labor market might be gradually improving, the Bureau of Labor Statistics reported today that job layoffs and discharges fell to 1.5 million in April, the lowest level since the BLS started tracking monthly … read more
In the Journal of International Commerce and Economics‘ current issue, there’s an excellent article titled “Innovation and Job Creation in a Global Economy: The Case of Apple’s iPod” (full paper here). Here’s the paper’s abstract: “Globalization skeptics argue that the … read more
My LA Times column today is on how Obama should get what he asked for: Ownership of the U.S. economy. He demanded that it be called the “Obama Economy” two years ago. And every time we hit a new “bump … read more
Last week, the House of Representatives voted on a Boehner resolution expressing concern about ongoing operations in Libya. The reason Representative John Boehner introduced his resolution was to pull support from a much tougher Kucinich resolution that would have demanded a … read more
The German government has announced that within a dozen years or so Germany will get no power from nuclear energy. It is a reaction to the nuclear problems caused by the Japanese tsunami and the fear of a nuclear meltdown … read more
Peter Wallison has the story.