By Peter Fricke Virginia announced Wednesday that it would grant temporary operating authority to ridesharing companies Uber and Lyft, allowing them to operate legally in the commonwealth. In response to concerns about insurance coverage and passenger safety, Virginia sent cease-and-desist letters to Uber and Lyft on June 5, which both companies initially vowed to ignore. (RELATED:…
By Blake Neff Americans’ reliance on loan forgiveness programs programs to pay off their student loans is soaring, according to a major U.S. think tank. Data from the Department of Education, tracked by the non-partisan New America Foundation (NAF), indicates that the number of Americans participating in one of two alternative loan-repayment plans has more than doubled…
By Peter Fricke Social Security’s growing unfunded liability cannot be solved by merely by increasing taxes, according to a study released Monday by the Heritage Foundation. Its author, economist Rachel Greszler, argues that Social Security’s fiscal problems a result of the program having strayed from its original purpose. According to the program’s 2014 annual report, unfunded liabilities…
The Union Street Guest House in Hudson, New York will issue you a fine of $500 if you leave them a negative review. That’s $500 per negative review, mind you, not $500 total. From the hotel website: Please know that despite the fact that wedding couples love Hudson and our inn, your friends and families…
By Michael Bastasch Oil production is booming in North Dakota, hitting more than one million barrels per day in April and May, according to government data. Hydraulic fracturing, or fracking, and horizontal drilling have played a major role. According to the Energy Information Administration, increased production from the “Williston Basin’s Bakken and Three Forks formations”…
By Peter Fricke Free-market advocates say Treasury Secretary Jack Lew wants to treat the symptoms rather than the cause of U.S. businesses seeking lower taxes overseas. Lew is the latest Obama official to make the case for restricting the ability of U.S. companies to merge with foreign companies in order to relocate to lower-tax countries….
By Connor D. Wolf President Obama used his pen and phone to raise the minimum wage for new federal contractors, but a federal workers’ union isn’t satisfied. They ask: Why must the minimum wage hike be limited to new contractors? “It was shameful that so many in the President’s own workforce are forced to work…
Senator Rand Paul (R-KY) is speaking at the National Urban League Conference in Cincinnati, Ohio today on the subject of civil rights. The Mayor of Baltimore (and secretary of the Democratic National Committee), Stephanie Rawlings-Blake published an op-ed today to counter his speech with the title: “Blacks shouldn’t be fooled by Rand Paul.” She criticizes…
By Jonah Bennett According to President Barack Obama, companies that use cross-border mergers to avoid U.S. taxes are in effect revoking their citizenship, CNN reports. On Thursday, Obama is set to pressure Congress to close corporate tax loopholes, which allow for mergers to take place in familiar tax havens like the Cayman Islands. The process, called…
By Connor D. Wolf Forward Seattle announced Wednesday that they failed to collect enough signatures to subject the city’s $15 minimum wage to a November vote. The group, which represents local businesses in Seattle, stated in a press release that they “didn’t qualify its referendum, falling 1,237 signatures short of the 16,510 required to compel…