As one of his first acts, newly elected New York City Mayor Eric Adams allowed a measure to become law that gives some 800,000 foreign nationals the right to vote in city elections, so long as they’ve lived in the city for more than 30 days. New York’s move follows San Francisco, where, in 2016, voters approved a...
“May you live in interesting times,” goes an old saying—usually meant as a curse. When it comes to economics, “interesting” usually means the sky is falling. Inflation reached 7% at the end of 2021, a rate not seen in 40 years. The Federal Reserve’s balance sheet more than doubled to $8.8 trillion since early 2020....
We were promised job growth—after all, that was the main selling point for the March 2021 American Rescue Plan Act (ARPA) from President Biden and the congressional Democrats. Promise made—promise broken. In February 2021, the Congressional Budget Office (CBO) issued its economic outlook and projected 6.252 million jobs would be added in 2021 without ARPA....
In what is becoming a sad tradition, U.S. District Court Judge Janis Jack again excoriated the Department of Family and Protective Services (DFPS) for its failure to turn around the state’s beleaguered foster care system in a recent hearing. The status hearing focused on the state’s efforts to comply with remedial orders Judge Jack issued...
The Federal Reserve seems to take for granted its ability to stop inflation cold. The data tell a very different—and dangerous—story. Inflation is hurtling forward and could become a runaway train. Slow to get on board, the Fed has finally abandoned its previous nomenclature of “transitory” inflation. The mounting evidence is too much for Fed...
Few presidencies have garnered so many self-inflicted wounds in only a year’s time. On President Joe Biden’s long list of unforced errors, energy policy is near the very top, and Americans are paying dearly for it. The benchmark for crude oil in America has crossed $85 a barrel, a seven-year high. Despite being one of...
When conservative students challenged the constitutionality of some practices at the University of North Texas, school officials responded with a demand for the name and contact info of every member of the Young Conservatives of Texas’ North Texas Chapter. Judge Sean Jordan of the Eastern District of Texas said no. Judge Jordan recently issued a...
I don’t recall the first time I heard that Fee-for-Service (FFS) was bad. As an entrepreneur, FFS seemed to be a perfect description of a traded value-for-value transaction between a business and its customers. Fee-For-Service (or Fee-For-Product), to most business owners and customers, describes paying for exactly what you receive. A transparent price is set...
Most of the past forty-eight hours have been spent either in, or en route to and from, the Midland-Odessa region. Far out in west Texas’s Permian Basin, the two cities — towns, really — have a relationship that I still can’t quite unpack. On my last visit, which turned out to be the first time...
The U.S. Department of Labor’s latest report shows inflation raging, with consumer prices rising 7.0% in 2021. At that pace, prices will double in roughly a decade. In only a year, President Biden’s Federal Reserve (Fed) has presided over a four-fold increase in inflation. Despite price stability being the Fed’s duty, its Chairman, Jerome Powell,...
America’s elite institutions of higher education have long remained the home of “woke” ideologies and divisive concepts which most Americans would rebuff. For this tiny fraction of those teaching and being educated at our nation’s elite colleges, the prevailing factors used to describe any type of racial disparities, whether it be in health care, education,...
Twenty-one states rung in the New Year by raising their minimum wage, to as high as $15 per hour in California, thinking it will benefit employees in those states. But the minimum wage does the opposite of helping workers, especially for those who need it. Fortunately, 20 states, including Texas, haven’t raised theirs in more...