Steve Birr With pipeline projects mired in environmental battles and oil prices trapped below $50 a barrel, Royal Dutch Shell announced Wednesday it is halting its oil sands project in Canada. Shell stopped development at its Carmon Creek facility in Alberta, a project that would produce 80,000 barrels of oil a day. The loss will…
Juliegrace Brufke U.S. debt held by the public will reach 77 percent of GDP by the end of 2025 if tax and spending policies are not reformed, the Congressional Budget Office projects. The federal deficit is at its lowest since 2011, but the CBO projects it will go back up in the next two years, contributing to a…
TLR’s Editor-in-Chief, Keith Farrell writes at Bankable Insight: 1. World poverty has been cut in half In the past twenty years the world’s acute poverty rate has been slashed in half! Measuring poverty is based on daily consumption, not income. In 1990, 43% of the world lived in extreme poverty. Yet in 2010, that number…
Juliegrace Brufke Using a rare measure to sidestep leadership and force a bill to the floor, the House voted in favor of reviving the Export-Import bank Tuesday. Eighty-seven Republicans joined 184 Democrats to vote in favor of passing the legislation to bring back the bank. Its charter expired in July. The discharge petition to reauthorize…
Detroit public schools are broke! Untenable pension packages have already undue financial hardship on the state of Michigan. Now Detroit wants taxpayers to pony up to save their school system from ruin. Breitbart reports: Detroit Public Schools could run out of cash around six months to a year from now. In order to keep that from…
TIME Magazine continued to live up to its image as a leftist rag when it recently ran a story on Cuba’s Che Guevara. As leftists typically do, the magazine ignores Che’s record of human rights abuses and support of tyranny. They may have left out his hatred for gays, his targeting of blacks, and his…
Connor D. Wolf An advocacy group out of Modesto, Calif. pushing for a $15 an hour minimum wage posted a job ad Thursday offering to pay $12 an hour. Below what it is demanding others pay their workers. The Craigslist post was for a job opening at the local Fight for $15 campaign. On the…
Connor D. Wolf Seattle, which recently passed a $15 minimum wage, has seen the loss of 700 restaurant jobs despite the rest of the state seeing huge increases, according to a Wednesday report. In its report, the American Enterprise Institute looked at restaurant job growth in both Seattle and the rest of Washington. The state…
Student loan debt is a hot button issue today. According to the Department of Education and the Congressional Budget Office, the federal student loan debt bill is around $1.2 trillion and is expected to double in the next ten years. Student loan debt is also one of the most trifling issues of the 2016 election…
Blake Neff writes The U.S. military is kicking University of Phoenix recruiters off its bases and barring the school from enrolling new students using military tuition assistance, a corporate filing released by the university’s holding company reveals. The sanctions, disclosed by Apollo Education Group, result from a variety of University of Phoenix practices, according to a letter…