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4/14/2011 | Economy
Reuters
The BRICS group of emerging-market powers kept up the pressure on Thursday for a revamped global monetary system that relies less on the dollar and for a louder voice in international financial institutions.
The leaders of Brazil, Russia, India, China and South Africa also called for stronger regulation of commodity derivatives to dampen excessive volatility in food and energy prices, which they said posed new risks for the recovery of the world economy.
Meeting on the southern Chinese island of Hainan, they said the recent financial crisis had exposed the inadequacies of the current monetary order, which has the dollar as its linchpin.
What was needed, they said in a statement, was "a broad-based international reserve currency system providing stability and certainty" -- thinly veiled criticism of what the BRICS see as Washington's neglect of its global monetary responsibilities.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
4/13/2011 | Economy
Reuters
Big banks like Bank of America Corp and Citigroup Inc should be reclassified as government-sponsored entities and have their activities restricted, a senior Fed official said on Tuesday.
The 2008 bank bailouts at the height of the financial crisis and other implicit guarantees effectively make the largest U.S. banks government-guaranteed enterprises, like mortgage finance companies Fannie Mae and Freddie Mac, said Kansas City Fed President Thomas Hoenig.
"That's what they are," Hoenig said at the National Association of Attorneys General 2011 conference.
He said these lenders should be restricted to commercial banking activities, advocating a policy that existed for decades barring banks from engaging in investment banking activities.
"You're a public utility, for crying out loud," he said.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
4/12/2011 | Economy
CNET News
A Democratic senator is preparing to introduce legislation that aims to end the golden era of tax-free Internet shopping.
The proposal--expected to be made public soon after Tax Day--would rewrite the ground rules for Internet and mail order sales by eliminating the ability of Americans to shop at Web sites like Amazon.com and Overstock.com without paying state sales taxes.
Dick Durbin of Illinois, the second most senior Senate Democrat, will introduce the bill after the Easter recess, a Democratic aide told CNET.
"Why should out-of-state companies that sell their products online have an unfair advantage over Main Street bricks-and-mortar businesses?" Durbin said in a speech in Collinsville, Ill., in February. "Out-of-state companies that aren't paying their fair share of taxes are sticking Illinois residents and businesses with the tab."
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
4/7/2011 | Economy, UN
CNS News
The battle over funding for the United Nations is heating up in Congress, as U.S. Ambassador to the U.N. Susan Rice and U.N. Secretary-General Ban Ki-moon each visited Capitol Hill this week, pressing the U.N.’s biggest contributor to pay up, in full and on time.
The flurry of activity comes amid congressional initiatives aimed at withholding or cutting back on funding for the U.N.
H.R.1, a House-passed appropriations bill for the fiscal year ending September 30, 2011, includes significant cuts to international affairs spending. The Senate has not taken up that Republican-authored bill, however.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Major Eric Egland, Author, The Troops Need You, America: Six Ways to Help...
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Cliff Kincaid, President, America's Survival, Inc.
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
4/6/2011 | Economy, Healthcare
Wall Street Journal
The House Republican plan for overhauling Medicare would fundamentally change how the federal government pays for health care, starting a decade from now, likely resulting in higher out-of-pocket costs and greater limits to coverage for many Americans.
The current spending level on seniors in Medicare is widely viewed as unsustainable, given rising medical costs and the aging population. Medicare calculates that it spent an average of $11,743 on beneficiaries in 2009, according to the Centers for Medicare and Medicaid Services.
House Budget Committee Chairman Paul Ryan's solution is to end the current Medicare program for people born in 1957 and after. Starting in 2022, when those Americans begin turning 65, they would no longer get their medical bills paid directly by the government, which the Wisconsin Republican in his blueprint released Tuesday calls an unsustainable "blank check commitment."
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
Michael Barry, Director of Pastoral Care, Cancer Treatment Centers of America in Phila.
David Bossie, President, Citizens United
Twila Brase, President and Co-founder, Citizens' Council on Healthcare Freedom
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Marjorie Dannenfelser, President and Chairman of the Board, Susan B. Anthony List
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/31/2011 | Economy
Reuters
After following the Federal Reserve's lead for over a decade, the European Central Bank is poised to launch a series of interest rate hikes before the U.S. central bank for the first time in the ECB's history.
The change from the traditional pattern reflects the ECB's greater preoccupation with inflation pressures, as well as its higher level of discomfort with the emergency bond-buying programmes run by central banks.
But the "decoupling" of ECB and Fed policies is also the result of an historic shift in the global economy: the increased influence that Asia, rather than the United States, is having on the euro zone's economy.
"I think we are in a new world where global interest rate cycles are not initiated by the Fed," said Jens Sondergaard, senior European economist at Nomura.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/28/2011 | Economy
CNBC
$105 per barrel oil. Cotton prices at record levels. Food prices at 2008 highs. Typically, such commodity price increases would send central banks running to the U.S. Dollar to secure the value of their savings. After all, the dollar has been the reserve currency since World War I.
But not this time.
Central banks are shedding dollars, reducing their holdings by about $9 billion in previous quarter, according to Nomura Securities’ Jens Nordvig, global head of G10 FX Strategy.
What are they buying instead? Gold.
The yellow metal hit a fresh record high this morning, while the dollar index dropped to a 15-month low. The news had Fast Money’s Brian Kelly looking to add more gold and silver longs to his portfolio Thursday morning.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/25/2011 | Economy, Governmental Control
CNS News
A new Congressional Budget Office study says taxing motorists based on the number of miles they drive would be a fair and "efficient" way to charge motorists for the real cost of using the nation's highways. "Vehicle-miles traveled" taxes (or VMT taxes) also would provide a strong incentive for people to drive less.
Transportation Secretary Ray LaHood floated the idea of a VMT tax one month after President Obama took office, but Obama’s spokesman immediately shot it down. "It is not and will not be the policy of the Obama administration," White House press secretary Robert Gibbs told reporters in February 2009.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Chuck Colson, Prison Fellowship
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Tom DeLay, Former House Majority Leader, United States House of Representatives
William Devlin, National President, Redeem The Vote
Chuck Donovan, Senior Research Fellow-DeVos Center for Religion a, The Heritage Foundation
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Steve Elliott, President, Grassfire.org
Joseph Farah, CEO, Founder, WorldNetDaily
Frank Gaffney, Founder and President , Center for Security Policy
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Rick Green, President, Torch of Freedom Foundation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Cliff Kincaid, President, America's Survival, Inc.
Jennifer Marshall, Director of Domestic Policy Studies, The Heritage Foundation
Gary Marx, Executive Director, Judicial Confirmation Network
Ryan Messmore, William E. Simon fellow in Religion and a Free Soc, The Heritage Foundation
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Phyllis Schlafly, President and Founder, Eagle Forum
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
Lorianne Updike, President & Executive Director, The Constitutional Sources Project
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/25/2011 | Economy
CNS News
Jamie Gorelick, a former Clinton administration official who reportedly has made the Obama administration's short list to become the next director of the Federal Bureau of Investigation (FBI), was paid more than $26 million in total compensation as a top executive at Fannie Mae--before taxpayers had to bail out the mortgage giant.
Gorelick, who left the Clinton Justice Department in 1997 to work for Fannie Mae CEO Franklin Raines, was paid $26,466,834 in salary, bonuses, performance pay and stock options from 1998 to 2003, according to the Report of the Special Examination of Fannie Mae (2006), conducted by the Office of Federal Housing Enterprise Oversight.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/18/2011 | Economy, Governmental Control
CNS News
The House of Representatives voted 228-192 on Thursday to deny federal funding to National Public Radio, stripping the radio network of any federal tax money despite opposition from Democrats.
The bill, sponsored by Rep. Doug Lamborn (R-Colo.), would prohibit any federal grants, loans, or direct appropriations from going to NPR or its affiliates. The bill would also prohibit those affiliates from using federal funds to pay their dues or purchase content from NPR.
The bill targets two sources of funding for NPR: direct federal subsidies and member stations’ fees. While direct federal grants from entities such as the Corporation for Public Broadcasting (CPB) and the Department of Education make up only two percent of NPR’s revenues, member station fees and dues account for 36 percent.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Chuck Colson, Prison Fellowship
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Tom DeLay, Former House Majority Leader, United States House of Representatives
William Devlin, National President, Redeem The Vote
Chuck Donovan, Senior Research Fellow-DeVos Center for Religion a, The Heritage Foundation
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Steve Elliott, President, Grassfire.org
Joseph Farah, CEO, Founder, WorldNetDaily
Frank Gaffney, Founder and President , Center for Security Policy
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Rick Green, President, Torch of Freedom Foundation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Cliff Kincaid, President, America's Survival, Inc.
Jennifer Marshall, Director of Domestic Policy Studies, The Heritage Foundation
Gary Marx, Executive Director, Judicial Confirmation Network
Ryan Messmore, William E. Simon fellow in Religion and a Free Soc, The Heritage Foundation
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Phyllis Schlafly, President and Founder, Eagle Forum
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
Lorianne Updike, President & Executive Director, The Constitutional Sources Project
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/16/2011 | Economy, Governmental Control, Healthcare
CNS News
The Center for Medicare and Medicaid Services—the federal health-care agency that is a key bureaucracy in implementing Obamacare—made at least $70.5 billion in “improper payments” last year.
These improper federal health-care payments amounted to more than the combined total of $68.3 billion spent by the entire Homeland Security and the State departments last year, which spent $44.5 billion and $23.8 billion respectively according to the White House Office of Management and Budget.
Medicare made at least $48 billion in improper payments in fiscal 2010 and Medicaid made $22.5 billion, according to written testimony on "Medicare and Medicaid Fraud, Waste and Abuse" presented to the Senate Subcommittee on Federal Financial Management by Kathleen King, director of health care for the Government Accountability Office.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
Michael Barry, Director of Pastoral Care, Cancer Treatment Centers of America in Phila.
David Bossie, President, Citizens United
Twila Brase, President and Co-founder, Citizens' Council on Healthcare Freedom
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Chuck Colson, Prison Fellowship
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
Marjorie Dannenfelser, President and Chairman of the Board, Susan B. Anthony List
Tom DeLay, Former House Majority Leader, United States House of Representatives
William Devlin, National President, Redeem The Vote
Chuck Donovan, Senior Research Fellow-DeVos Center for Religion a, The Heritage Foundation
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Steve Elliott, President, Grassfire.org
Joseph Farah, CEO, Founder, WorldNetDaily
Frank Gaffney, Founder and President , Center for Security Policy
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Rick Green, President, Torch of Freedom Foundation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Cliff Kincaid, President, America's Survival, Inc.
Jennifer Marshall, Director of Domestic Policy Studies, The Heritage Foundation
Gary Marx, Executive Director, Judicial Confirmation Network
Ryan Messmore, William E. Simon fellow in Religion and a Free Soc, The Heritage Foundation
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Phyllis Schlafly, President and Founder, Eagle Forum
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
Lorianne Updike, President & Executive Director, The Constitutional Sources Project
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/16/2011 | Economy
OneNewsNow
While protests continue in Wisconsin over new collective bargaining restrictions that were signed into law last week by Governor Scott Walker, there's a critical aspect of the debate that has seemingly gone unnoticed -- forced unionism.
Collective bargaining is not a right but a service, says Gary Beckner, executive director of the Association of American Educators, the largest national non-union professional teachers association. He tells OneNewsNow the unions are fighting so hard to preserve forced unions because they want to "keep their cash cow alive."
"I mean the point is now if teachers realize that they don't have to pay dues to the union, they might start to look for professional alternatives to provide the kinds of benefits and services that they felt like they had to pay the union for in the first place," he shares. "And that's what really scares the union -- that's what's causing this battle."
And this battle, Beckner argues, is not a grass-roots effort. Instead, he says, it is "a very orchestrated demonstration" taken right out of Saul Alinsky's Rules for Radicals handbook.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/10/2011 | Economy, Oil and Gas
Reuters
U.S. drivers will pay another 10 cents a gallon for gasoline before the latest jump in wholesale costs is fully passed on at the pump, and yearly motor fuel costs will rise 28 percent from last year, the Energy Department said on Wednesday.
The average U.S. household will spend about $700 more for gasoline in 2011 than it spent last year, bringing total motor fuel expenses up 28 percent to $3,235, based on an annual pump price of $3.61 a gallon, the department's Energy Information Administration said.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/9/2011 | Economy
CNS News
A video showing a senior official of National Public Radio (NPR) apparently making controversial comments about the Tea Party, the Republican Party, and Evangelical Christians reveals the nature of NPR and is reason enough for Congress to end all federal funding to the organization, said Brent Bozell, founder and president of the Media Research Center, a conservative media watchdog group.
Bozell issued a statement on Tuesday, after the undercover video of NPR Foundation Senior Vice President Ron Schiller and NPR Senior Driector of Institutional Giving Betsy Liley was posted by the group Project Veritas on YouTube and picked up by several news outlets.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/2/2011 | Economy
CNS News
President Barack Obama discussed cutting the corporate tax rate in his State of the Union address, and a new Cato Institute study suggests that implementing such a cut, specifically down to a 10 percent rate, would spur economic growth and create real jobs.
In his Jan. 25 speech before Congress, Obama said, “So tonight, I’m asking Democrats and Republicans to simplify the system. Get rid of the loopholes. Level the playing field. And use the savings to lower the corporate tax rate for the first time in 25 years – without adding to our deficit. It can be done.”
Concerning Obama’s remark, Chris Edwards, director of tax policy studies at the libertarian Cato Institute, said, “It shows that President Obama is on the right track by suggesting that we lower our corporate tax rate. And that is an area of bipartisan agreement that the Republicans and the Democrats should be able to agree on right away and actually do something this year.”
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
3/1/2011 | Economy
CNS News
As directed by a new law, the Government Accountability Office on Tuesday released its first annual report to Congress on waste and duplication in the federal government’s many programs, agencies, offices and initiatives.
The conclusion: Given the huge amount of money involved in the various programs the GAO studied, “even limited adjustments could result in significant savings."
The report (titled Opportunities to Reduce Potential Duplication in Government Programs, Save Tax Dollars, and Enhance Revenue) is intended to help government policymakers deal with "rapidly building fiscal pressures facing our national government," the GAO said.
The report aims to (1) identify federal programs or functions where unnecessary duplication, overlap, or fragmentation exists; and identify the actions needed to address such conditions as well as the potential benefits of doing so; and (2) highlight other opportunities for potential cost savings or enhanced revenues.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
2/28/2011 | Economy
OneNewsNow
A California lawmaker has proposed a measure that would ban Wal-Mart and similar retailers from the state. But a former congressional hopeful thinks it is just a way to protect unions.
Democratic Senator Juan Vargas of San Diego has proposed a bill that aims to ban "big-box" retailers from the state, as he contends they are a hindrance to small businesses and the local economy. A similar measure was previously suggested in his district, but city council members and residents turned it down.
Larry Andre (R), a former California congressional candidate, tells OneNewsNow the unions are concerned that Wal-Mart is entering the food business as a non-union shop.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
2/25/2011 | Economy
CNS News
The jobs created and saved by the economic stimulus law that President Barack Obama signed on Feb. 17, 2009 cost at a minimum an average of $228,055 each, according to data released yesterday by the Congressional Budget Office (CBO).
In a report released Wednesday—“Estimated Impact of the American Recovery and Reinvestment Act on Employment and Economic Output from October Through December 2010”—the CBO said it now estimates the stimulus law cost a total of $821 billion, up from CBO’s original estimate that the stimulus would cost $787 billion.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
2/25/2011 | Economy, Oil and Gas
CNS News
A new study says drilling on Alaska’s Outer Continental Shelf (OCS) could make Alaska the eighth largest oil resource province in the world -- ahead of Nigeria, Libya, Russia and Norway.
The report -- by the consulting firm Northern Economics and the University of Alaska-Anchorage’s Institute of Social and Economic Research -- says that developing Alaska’s OCS could produce almost 10 billion barrels of oil and 15 trillion cubic feet of natural gas, create around 55,000 new jobs and produce $145 billion in new payroll nationally, generating a total of $193 billion in government revenue through the year 2057.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res
2/22/2011 | China, Economy
Breitbart
Leaked diplomatic cables vividly show China's willingness to translate its massive holdings of US debt into political influence on issues ranging from Taiwan's sovereignty to Washington's financial policy.
China's clout -- gleaned from its nearly $900 billion stack of US debt -- has been widely commented on in the United States, but sensitive cables show just how much influence Beijing has and how keen Washington is to address its rival's concerns.
An October 2008 cable, released by WikiLeaks, showed a senior Chinese official linking questions about much-needed Chinese investment to sensitive military sales to Taiwan.
Amid the panic of Lehman Brothers' collapse and the ensuing liquidity crunch, Liu Jiahua, an official who then helped manage China's foreign reserves, was "non-committal on the possible resumption of lending."
Instead, "Liu -- citing an Internet discussion forum -- said that as in the United States, the Chinese leadership must pay close attention to public opinion in forming policies," according to the memo.
Recommended Guests:
Barry Asmus, Senior Economist, National Center for Policy Analysis
David Bossie, President, Citizens United
Dan Celia, Host, "Financial Issues Live" Radio Program
Phil Clements, Managing Director, Center for Christian Business Ethics Today, LLC.
Ward Connerly, Author/Founder and Chairman, American Civil Rights Institute
William Devlin, National President, Redeem The Vote
James Edwards, Cofounder, Olive, Edwards, & Cooper, LLC
Joseph Farah, CEO, Founder, WorldNetDaily
James Gelfand, Senior Manager of Health Policy, U.S. Chamber of Commerce
Lou Giuliano, Chairman, President and Chief Executive Officer (r, ITT Corporation
Colin Hanna, Colin Hanna, President, Let Freedom Ring USA
Lowman Henry, Chairman & CEO, Lincoln Institute of Public Opinion Research, Inc.
Larry Hunter, President, The Social Security Institute
Phillip Kim, Assistant Professor of Management and Human Resour, University of Wisconsin-Madison School of Business
Joe Murray, Columnist, The Bulletin
Grover Norquist, President, Americans for Tax Reform (ATR)
Chuck Stetson, Co-founder and Managing Director, PEI Funds
Tony Strickland, Taxpayer Advocate
John Weiser, Board Member, Westminster Theological Seminary , In Medias Res