“It’s about paying their fair share,” explained Vice President Kamala Harris in a September 25 interview with MSNBC. “I am not mad at anybody for achieving success, but everyone should pay their fair share.” “Pay their fair share” is a practiced mantra in Washington, DC. Politicians, from Vice President Harris to President Biden, Senator Bernie...
The year is 1997. It’s movie night! You hop in the car and drive to Blockbuster. When you open the door, new movies flash out from the shelves: Independence Day, Space Jam, and Baz Luhrmann’s Romeo + Juliet. Having picked out your movie—Quentin Tarantino’s Reservoir Dogs—you finally make your way to the front of the...
Daylight saving time this year ended at 2 a.m. local time on Sunday, Nov. 3, after being in effect for nearly eight months. Standard time will resume in most of the United States for the next four months, reverting again to daylight saving time, or DST, on March 10 next year. “Springing forward” and “falling...
Last fall a reader reached out to journalist Rachel Cohen and confessed that she didn’t know what she could do to fight homelessness. “I often feel helpless to enact change,” the reader wrote to Cohen, a policy correspondent who covers social policy for Vox. Cohen had written about homelessness for years, and she knew organizations...
Whatever the politicians say during the presidential campaign, the United States will continue to need a significant number of immigrants and Latin America will need to continue exporting part of its population to this country. The native U.S. workforce is shrinking, a trend that will increase in the next few years. In the short run,...
Back in August, an article in The Atlantic titled “Sometimes You Just Have to Ignore the Economists” stirred up controversy. The article, authored by Zephyr Teachout, was primarily focused on Kamala Harris’s recent support for price control laws. The article begins by claiming that Kamala isn’t proposing price controls in normal times; rather, she’s opposed...
Is Google a monopoly? No. What about the National Association of Realtors—does it deserve this moniker? Certainly not. Did monopoly status ever fit Rockefeller’s Standard Oil of New Jersey? Not at all. How about IBM during its years-long antitrust case? Fuhgeddaboudit. Is monogamous marriage a monopoly? You’ve got to be kidding. Is the US Post...
Hurricane Helene’s devastation reminds us that we may be one disaster away from losing our homes and businesses and even the food and water we take for granted. When supplies are in high demand, whether before or after a disaster, sellers may be tempted to charge more simply because higher prices are what “the market...
The release of data on incoming freshmen this fall was watched keenly in light of last year’s Students for Fair Admission v. Harvard decision that effectively outlawed race-based affirmative action policies in college admissions. As the data have been released, the picture is mixed. Some schools have seen the expected results: a larger proportion of...
As hurricane season devastates communities across the United States, the debate over the Federal Emergency Management Agency’s (FEMA) role in disaster relief continues to intensify. With massive spending on recent disasters like Hurricanes Helene and Milton, and FEMA’s recent admission that it needs additional funds to meet its obligations, it’s time to ask an important...
The NATO alliance has recently wrapped up its 75th anniversary summit in Washington, DC. While most members of the trans-Atlantic foreign policy establishment took the occasion to celebrate the alliance’s longevity and call for another seventy-five years, the United States is at a crossroads with NATO. On the one hand, at the Munich Security Conference...
For all the attention given to economics by mainstream media and political pundits, our economic literacy as a society still leaves much to be desired. We opine on economic issues constantly, we deliver passionate soliloquies defending our partisan viewpoints, but rare is the occasion when we sit down and actually try to learn economics. The...
O’Keefe, Northwood University, and DBusiness are partnering to host “The State of the Economy and Role of Government in Emerging Markets,” a special presentation on Oct. 29 in Troy, Michigan. The morning presentation will feature insights from leading economic experts on government policy, emerging industries, and the current state of the U.S. economy. Speakers will...
Northwood University is thrilled to host a presentation about taxation by a leading figure in U.S. tax policy who is renowned for his ability to demystify complex tax issues. “As Washington lawmakers will face a fiscal cliff at the end of next year when most of the 2017 tax cuts expire, 2025 may well be...