By tinkering with process, a new BRAC can save billions

By tinkering with process, a new BRAC can save billions

By Ross Marchand / Taxpayers Protection Alliance Congress has seen more than its fair share of Pentagon budget kurfluffles over the past decade, ranging from sequester showdowns to the dysfunctional (and expensive) F-35 program. But, members of Congress across the ideological spectrum can agree that the string of forlorn, nearly-vacant military bases across the nation ought […]

Beware the predictions of “experts” like Janet Yellen

Beware the predictions of “experts” like Janet Yellen

By Ryan McMaken / Mises Wire Speaking in London, Federal Reserve chair Janet Yellen Tuesday predicted that the “the system is much safer and much sounder” and explained that the Federal Reserve is prepared to deal with numerous enormous shocks to the economy. In her conversation with Lord Nicholas Stern, Yellen also went on to list the reasons that, thanks to […]

Tax snuffs out Pennsylvania vape shops

Tax snuffs out Pennsylvania vape shops

From Watchdog.org Facing a budget shortfall last year, lawmakers and Gov. Tom Wolf slapped a massive 40 percent wholesale tax on vaping products, forcing vape shop owners to pay the tax retroactively even on products already on their store shelves. The impact on small businesses owners, employees, and customers has been devastating. Of the 311 […]

Investigating Amazon’s impact on retail sales growth

Investigating Amazon’s impact on retail sales growth

By Mike “Mish” Shedlock The latest retail sales report from the Census Department offers a fascinating look at Amazon’s impact on retailers if you dive into the details. Retail sales are off to a poor start in the second quarter. April plus May growth is only up 1% in total, about 0.6% annualized. Areas highlighted […]

Retail sales dive (and it’s not just autos)

Retail sales dive (and it’s not just autos)

By Mike “Mish” Shedlock Retail sales took a 0.3 percent dive in May vs an Econoday expectation of a 0.1 percent rise. Weakness was across the board. It must be transitory because the Fed hikes this afternoon. Consumer spending was unusually weak in the first quarter and doesn’t look to be improving this quarter. Retail sales fell […]

Report: Louisiana hospital privatization boosted quality of care, prosperity, jobs

Report: Louisiana hospital privatization boosted quality of care, prosperity, jobs

By Joshua Paladino / Heartland Institute Former Louisiana Gov. Bobby Jindal’s (R) efforts to privatize government-run hospitals resulted in increased economic prosperity and better access to health care in the state, according to a recent study by Louisiana State University economics professor Loren Scott. In 2013, Louisiana shifted to the private sector the operation of […]

Let’s fully deregulate the airline industry

Let’s fully deregulate the airline industry

By Stephan F. Gohmann / Mises Wire While flying recently I decided to look at the price of plane tickets in Europe compared to the United States. For example, a non-stop flight of about 900 miles from Dusseldorf to Madrid costs on Expedia $125 and takes 2 hours and 45 minutes. A similar distance in the […]

More solar jobs is a curse, not a blessing

More solar jobs is a curse, not a blessing

By Paul Driessen / Mises Wire Citing U.S. Department of Energy data, the New York Times recently reported that the solar industry employs far more Americans than wind or coal: 374,000 in solar versus 100,000 in wind and 160,000 in coal mining and coal-fired power generation. Only the natural gas sector employs more people: 398,000 workers […]

Investigating curious anomalies in GDPNow and Nowcast GDP estimates

Investigating curious anomalies in GDPNow and Nowcast GDP estimates

By Mike “Mish” Shedlock As of last Friday, the Atlanta Fed GDFPNow model for the second-quarter GDP stood at 3.4%. In contrast, the FRBNY Nowcast report was 2.2%. This is yet another large gap, albeit smaller than the ones we saw for the first quarter. What’s more interesting is some of the recent gyrations. What’s […]

Chicago cabbies say industry is teetering toward collapse

Chicago cabbies say industry is teetering toward collapse

From Freedom’s Phoenix Operators of the nation’s second-biggest taxi fleet are now accelerating toward their long-rumored extinction, edging towards becoming virtual dinosaurs in the era of ride-sharing monsters Uber and Lyft. Cabbies have long grumbled that the sky is falling as they lose ground to ride-sharing companies. Now, cabbies in Chicago are pointing to new […]