What goes up and doesn’t come down? The federal budget and the cost of federal regulations. A new report entitled, "Ten Thousand Commandments: An Annual Snapshot of the Federal Regulatory State," published by the Competitive Enterprise Institute, finds the cost of federal regulations to consumers was a staggering $1.16 trillion in 2007. Other major findings: Given that 2007 government spending stood at $2.73 trillion, the hidden tax of regulation now approaches half the level of federal spending itself. Regulation costs more than seven times the $163 billion budget deficit. Regulatory costs nearly match 2005 corporate pretax profits of $1.3 trillion. Regulatory costs also rival estimated 2007 individual income taxes of $1.17 trillion. Combining regulatory costs with federal 2007 outlays brings the federal government’s share of the economy to 28 percent. How to stem the tide? One way is disclosure, says Clyde Wayne Crews Jr. author of t...
Content suppressed by ://URLFAN, for full article visit source
TEENAGERS WITH LIFE SENTENCESFrom: feeds.feedburner.com
Post Date: 2007-10-18 06:25:53
Currently, there are 73 Americans serving life sentences for crimes they committed when they were 13 or 14 years old, a number far higher than in Europe, says the New York Times. The differences in the two approaches, legal experts say, are rooted in politics and culture: The European systems emphasize rehabilitation, while the American one stresses individual responsibility and punishment. Corrections professionals and criminologists here and abroad tend to agree that violent crime...
more THE TRUE COST OF COPYRIGHT INDUSTRY PIRACY TO THE U.S. ECONOMYFrom: feeds.feedburner.com
Post Date: 2007-10-19 06:19:55
Piracy has a harmful impact on U.S. produced copyright products and on the overall U.S. economy. In 2005, piracy conservatively cost motion pictures, sound recordings, business software and entertainment software/vide collectively at least $25.6 billion in lost revenue. Beyond the cost to the copyright industries, this lost revenue translates into lost production of legitimate copyright products, which in turn means lost wages and lost purchases of upstream products and services througho...
more WORLD BANK WEARYFrom: feeds.feedburner.com
Post Date: 2007-10-19 06:19:54
As globalization transforms the world economy, the World Bank’s comparative advantage for lending to poor countries is gone and its role diminished, says Adam Lerrick, professor of economics at Carnegie Mellon University. There are new competitors without the bank’s social wish list: China, Brazil, India and Russia are funding infrastructure and industry for even the poorest countries, to lock in access to raw materials and export markets. China alone will send $25 billion to ...
more THE SUPPLY-SIDE SOLUTIONFrom: feeds.feedburner.com
Post Date: 2007-11-09 05:12:58
Despite ample evidence to the contrary, liberal publications have devoted great space and attention to attacking the entire theory that lower tax rates can increase incentives for investment, saving and work, says Stephen Moore, senior economics writer for the Wall Street Journal editorial board. The quality of this discourse rarely rises above the level of trash talk. Nevertheless, some arguments are repeated with such regularity that they need to be addressed. One is that supply-...
more 
Websites mentioned in article
Buzz Words mentioned in article:
How popular is feeds.feedburner.com?
