Economy

Business and technology magazine Fast Company may have pulled a fast one over any readers unwilling to whip out a calculator when thinking about the Universal Basic Income (UBI). A universal basic income is when a government provides a certain amount of money unconditionally, to all individuals regardless of employment status or income level.

The largest threat to our prosperity is government spending that far exceeds the authority enumerated in Article 1, Section 8 of the U.S. Constitution. Federal spending in 2017 will top $4 trillion. Social Security, at $1 trillion, will take up most of it. Medicare ($582 billion) and Medicaid ($404 billion) are the next-largest expenditures. Other federal social spending includes food stamps,…

What just happened? President Trump cut a deal with Democrats to pay for hurricane damage relief and raise the debt ceiling without getting anything in return, except the temporary avoidance of a government shutdown. How to describe this? Was it a sellout, or a pragmatic act? It's football season again, so let's call this deal the "option play." It isn't used much by today's professional players…

On Friday's Morning Joe, Katty Kay, English anchor for BBC World News America, came to the baffling conclusion that Vietnam is “a temple of capitalism and commitment to all of the things that Americans hold dear,” and documentary filmmaker Ken Burns seemed to agree.

On Wednesday night, President Trump had dinner at the White House with Senate and House Minority Leaders Chuck Schumer and Nancy Pelosi. And in the wake of that development, two of the Big Three Networks (ABC and NBC), who had been almost exclusively negative about Trump for the last several months, suddenly found nice things to say about him.

New York Times reporter Richard Fausset once again chided the "bizarre" conservative, anti-Washington sentiment of Texas after Hurricane Harvey, seeming to appreciate the red state being brought down a peg in his story for Tuesday’s front page, “After Proudly Defying Washington, Hard-Hit Texas Needs Its Aid.”

Was Ronald Reagan the original Washington wizard? Esquire’s Charles Pierce seems to think so. Pierce argued on Wednesday that in the 1980s, an ideological “spell…was cast” by the Gipper and his allies, and that as a result of various right-wing policies enacted since then, Harvey-related damage to the Houston area will be a lot worse than it should have been. “The spell…was cast 30 years ago,…

The government estimated that the U.S. grew at an annual rate of 3 percent in the second quarter. That was significantly higher than the 2.7 percent expected. The good economic news was heralded as “impressive,” a “substantial acceleration” over the first quarter, “rosy,” and “without question good news for the economy.” But not by ABC, CBS and NBC evening news programs, nor their counterparts…

In the midst of the horrific devastation Texans are experiencing due to Hurricane Harvey, CNN New Day host Chris Cuomo can’t stop politicizing the situation. He has spent the entire week badgering Texas Congressmen like Ted Cruz for not voting on a massive, pork-laden relief bill for Hurricane Sandy back in 2013. Ironically, Cuomo’s most often repeated phrase? Republicans “played politics” with…

Showing the timeliness and sensitivity it’s renowned for, the political left is using the tragedy of Hurricane Harvey in Houston to excoriate it as an example of an untrammeled free market run amok, and suggests such laissez-faire policies made the damaging storm even more dangerous. The front page of Thursday’s New York Times featured Manny Fernandez and Richard Fausset's “A Limitless City, Now…

The journalists on CBS This Morning continued to look for an angle to attack Donald Trump on his response to Hurricane Harvey. The same network that was, just days ago, wondering if the President would be disruptive by visiting flooded areas is now criticizing him for not visiting flooded areas. On Thursday, Major Garrett derided, “Mr. Trump was criticized for not mentioning those killed in the …

During a discussion on Monday’s Morning Joe about the upcoming debate in Congress over raising the debt ceiling, host Joe Scarborough and his entire panel of liberal journalists agreed that Republican leaders would have to make a “full capitulation to Nancy Pelosi” in order to increase the nation’s borrowing limit and overcome opposition from conservatives in the House Freedom Caucus.

Unprofessional all around: The decision by the New York Times Sunday Book Review to publish a laudatory review of “Democracy in Chains: The Deep History of the Radical Right’s Stealth Plan for America. At this point, the grievous flaws flushed out by critics on the left and right should have required that any review come with a warning label. Yet even months after criticism from outlets across…

Appearing as a guest in a pre-recorded interview for the Sunday, August 13, Fareed Zakaria GPS on CNN, far-left HBO comedian Bill Maher declared that he hopes there is a "crash" in the stock market so that it will hurt President Donald Trump's political support. A bit later, he also repeated a discredited myth parroted over and over again by the Left that Ronald Reagan began his 1980 presidential…