Loses mount to $5.1 billion. The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume. The financial losses for the year ended Sept. 30 came despite deep cuts of more than 130,000 jobs ... MOREAP: Post Office Is Another Government Debt Machine
Loses mount to $5.1 billion. The U.S. Postal Service said Tuesday it has lost $5.1 billion in the past year, pushing it closer to imminent default on a multibillion-dollar payment and to future bankruptcy as the weak economy and increased Internet use drive down mail volume. The financial losses for the year ended Sept. 30 came despite deep cuts of more than 130,000 jobs ... MOREWeekly Standard: Obama Has America Powering Down
Federal regulation is killing energy development. American energy policy is increasingly defined in terms of what is prohibited, not what is promoted. Coal, nuclear, and natural “shale” gas all have been hampered by the current administration. And the last three weeks have offered two more examples of how America’s byzantine energy laws and policy deter ... MOREThomas Sowell: Will Republicans Blow It?
Another Bush-McCain type could be coming. Justice Oliver Wendell Holmes said that a good catch phrase could stop thinking for 50 years. One of the often-repeated catch phrases of our time — "It's the economy, stupid!" — has already stopped thinking in some quarters for a couple of decades. There is no question that the state of the economy can affect elections. ... MOREWalter E Williams: Poverty In America
Let's look at a few poverty facts. According to CBS News, "the number of people in the U.S. living in poverty in 2010 rose for the fourth year in a row, representing the largest number of Americans in poverty in the 52 years since such estimates have been published by the U.S. Census Bureau." MSNBC said, "The U.S. poverty rate remains among the highest in the developed ... MOREPeter Wilson: Politicizing The Farmers' Market
Farmers don't need politicians and do-gooders to run market. I don't understand those "No Farms, No Food" bumper stickers you see around places like Cambridge and Berkeley. Isn't it obvious? Why not "No toy factories, no toys?" "No Apple, No iPods?" "No Chickens, No Eggs?" (Or is it the other way around) Is there a nefarious anti-farm lobby I don't know about? ... MOREVIDEO: Thomas Sowell - Jobs Or Snow Jobs?
President Obama's words call for more jobs, but his actions result in fewer.
Mark Steyn: The Supercommittee Is A Joke
Finding savings by ... adding to deficit? Have you been following this so-called supercommittee? They're the new superhero group of superfriends from the super-Congress who are going to save America from plummeting over the cliff and into the multitrillion-dollar abyss. There's Spender Woman (Patty Murray), Incumbent Boy (Max Baucus), Kept Man (John Kerry) and many other ... MORESheldon Richman: Back To Economic Basics
Understanding the role of human action. Lately I’ve landed in discussions about whether there is such a thing as human action. I’m not kidding. Some educated people have their doubts. Just to be clear from the outset, human action, as Ludwig von Mises pointed out, is purposeful behavior, as opposed to the reflex that occurs when the patellar ... MORE
Thomas Sowell: The Real Cain Scandal
There is no cost to making false allegations. The real scandal in the accusations against Herman Cain is the corruption of the law, the media and politics. Let's start with the law. Some people may think the fact that the National Restaurant Association reportedly paid $45,000 to settle a claim made by one of its employees against Mr. Cain is incriminating. Most of us are ... MOREVIDEO: Ayn Rand - How To Read & Not To Write
Ayn Rand on how to penetrate intentionally unclear analysis with piercing logic.
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