Latest Legatum Prosperity Index Flags the ‘American Dream’ at Risk. In an unprecedented fall, the US drops out of the top ten of the 2012 Legatum Prosperity Index.
US drops out of global prosperity ‘top ten’ ranking for the first time.
Falling confidence in elections prompts drop in Governance rankings.
US falls eight places in Entrepreneurship & Opportunity sub-index, as fewer citizens agree that working hard is the key to success.
Asia’s emerging economies overtake US in Economy sub-index.
Credit: Legatum Prosperity Index
The latest findings from the Legatum Prosperity Index expose a United States in decline. In an unprecedented fall, America drops to 12th position in the worldwide prosperity rankings – with weakening performance across five of the Index’s eight sub-categories.
Falling confidence in elections and a declining Government approval rate has triggered a Continue reading →
Maine accountant warns against disparity between corporate, individual rates
WASHINGTON, D.C. — Small-business owner Dewey Martin testified recently before the House Committee on Ways & Means on the impact of federal tax reform on small businesses. Mr. Martin owns a small accounting firm based in Hampden, Maine, and is a member of the Continue reading →
Crackdown on Speech and Information Available to Ordinary Citizens
Washington, D.C. by Christine Hall, CEI – The Competitive Enterprise Institute (CEI) today filed an amicus brief in support of hedge fund Bulldog Investors and free speech rights. Bulldog is suing the state of Massachusetts for violating the company’s First Amendment free speech rights after the state filed an administrative complaint against the company for responding to a citizen’s request for information. Following an adverse ruling by the state supreme court, the case is now on appeal to the U.S. Continue reading →
Highest in Minneapolis, Chicago, Virginia Beach, Seattle, and Washington, D.C.
Washington, D.C. – As many tourists and business travelers have learned, taxes on meals are sometimes higher than taxes on other goods. Of the 50 largest U.S. cities, 15 charge an additional meals tax on top of the regular sales tax, according to a new analysis by the Tax Foundation. The combined rates are highest in Minneapolis, Chicago, Virginia Beach, Seattle, and Continue reading →
Minneapolis, MN — On Tuesday, February 21, the Wisconsin State Assembly will vote on Bill 529, legislation designed to turn Milwaukee’s anti-competitive taxi market into something even worse: a New York City-style medallion system. If passed, the Milwaukee Common Council would be able to enact a system where taxicab licenses would be allocated by auction to the highest bidder.
Frank Gaffney, President of the American Center for Security Policy
Washington, D.C. – The Center for Security Policy has released their “Defense Breakdown Economic Impact Reports,” a collection of 2,750 online detailed reports and 51 Summary Reports presenting a “National Average” estimated economic impact from projected defense cuts, for cities, counties, states and territories.
The Center launched the reports in advance of the February 13, 2012 release of the Obama administration’s 2013 defense budget. The purpose of the “Defense Breakdown Economic Impact Reports” is to help citizens, local businesses and their employees, and local governments prepare for the economic impact of these probable defense cuts under the Budget Control Act of 2011 and the sequestration mechanism.
In a newly released video ”Sam’s Big Government Backpack”, U.S. Senator Jim DeMint (R-S.C.) provides a brief overview of significant government induced burdens which are making it harder for Americans to find jobs and more difficult for small businesses to succeed, let alone start-up.
Senator DeMint notes that “when big government puts too many burdens on America’s economy, it forces jobs and investment overseas instead of here at home. It also makes it harder for middle class small business owners Continue reading →
A new report finds that the trend of raising the minimum may create an economic backlash on the 16- to 24-year old age group that has now reached its highest unemployment rate on record. Eight states raised their minimum wage on January 1st.
“A recession is the worst time to raise minimum wages,” said National Center for Policy Analysis (NCPA) Senior Fellow Pam Villarreal. “It’s pricing many young workers right out of the market.”
In tough economic times, such as those Americans are currently experiencing, there are some ways that black churches can perform services that could help parishioners weather financial crises more effectively.
For instance, a church might be able to reduce the cost of food staples considerably.
Using today’s technology, churches can provide a wholesaler’s catalog of products — taking orders and payments for a wide range of Continue reading →