JANUARY 31, 2011, 7:36 P.M. ET Don’t Just Cut Government, Reinvent It Across-the-board reductions will not improve efficiency. By LOUIS V. GERSTNER JR. The hottest topic in Washington, D.C., and many state capitals is cutting the cost and size of government. Understandably so—we are living way beyond our means, and the future of our nation […]
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January 31, 2011 The Greedy Bastards Paradox Bogie If we accept President Obama’s economic arguments, his State of the Union address was most remarkable in the aftermath, when nothing happened. For the sake of argument, let’s agree with the President that the winning ticket of the global economic lottery will be investment in renewable energy,
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JANUARY 27, 2011 Congress’s inquiry commission is offering a simplistic narrative that could lead to the wrong policy reforms. By BILL THOMAS,KEITH HENNESSEY AND DOUGLAS HOLTZ-EAKIN Today, six members of the Financial Crisis Inquiry Commission—created by the last Congress to investigate the causes of the financial crisis—are releasing their final report. Although the three of
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WALL STREET JOURNAL JANUARY 27, 2011 Milton Friedman warned that government spending cancels out higher-return private investment. By STEPHEN MOORE Words matter in politics, which is why the federal government no longer “spends” (and wastes) money, but rather “invests” it. According to Barack Obama’s State of the Union address, nearly every penny of the $2.5
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THE NEXT DECADE by George Friedman Published: January 2011 Synopsis The author of the acclaimed New York Times bestseller The Next 100 Years now focuses his geopolitical forecasting acumen on the next decade and the imminent events and challenges that will test America and the world, specifically addressing the skills that will be required
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JANUARY 24, 2011 Beijing wants to diversify out of U.S. debt and it will have plenty of cash to make acquisitions. By CHARLES WOLF JR. From 2007 through the first half of this year, Chinese buyers—state, private and in between—acquired 400 companies located outside of the country. The acquisitions span a wide range: mining companies
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JANUARY 24, 2011 Saved by Washington, the union wants to write its own labor laws. The top priority for the United Auto Workers this year is to organize one of the foreign, or so-called “transplant,” car makers. That makes perfect sense—for the UAW. Their rich labor contracts and stifling work rules helped bring low Detroit’s
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JANUARY 22, 2011 Renewable energy’s state capitalists. One of the least edifying spectacles in American business is the sight of industry titans begging politicians for alms. We therefore direct your attention to today’s nearby letter from Rhone Resch, the solar industry’s man in Washington, for a classic of the genre. Mr. Resch more or less
REAL CLEAR POLITICS January 22, 2011 By Larry Kudlow Can GE CEO Jeffrey Immelt talk President Obama into a major corporate tax cut? Immelt has been appointed to the new Council on Jobs and Competitiveness, which replaces the disbanded Paul Volcker Economic Recovery Advisory Board. Immelt was a member of that original board. Now he
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JANUARY 19, 2011 Let’s scrap the Departments of Commerce and Housing and Urban Development, end farm subsidies, and end urban mass transit grants, for starters. By DICK ARMEY AND MATT KIBBE The primary economic challenge today is that our government spends too much money it doesn’t have, and it is involved in too many things
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