NewsTrust - All Rated Stories

The GOP's Payroll Tax Fiasco

Wed, 21 Dec 2011 00:00:00 -0800

Wall Street Journal - By WSJ Editorial Board - Dec. 21 (Opinion) - GOP Senate leader Mitch McConnell famously said a year ago that his main task in the 112th Congress was to make sure that President Obama would not be re-elected. Given how he and House Speaker John Boehner have handled the payroll tax debate, we wonder if they might end up re-electing the President before the 2012 campaign even begins in earnest. The GOP leaders have somehow managed the remarkable feat of being blamed for opposing a one-year extension of a tax holiday that they are surely going to pass. This is no easy double play. Republicans have also achieved the small miracle of letting Mr. Obama position himself as an election-year tax cutter, although he's spent most of his Presidency promoting tax increases and he would hit the economy with one of the largest tax increases ever in 2013. This should be impossible.

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Tax Rates, Inequality and the 1%

Tue, 06 Dec 2011 00:00:00 -0800

Wall Street Journal - By Alan Reynolds - Dec. 06 (Opinion) - Those who obsess over income shares should welcome stock market crashes and deep recessions because such calamities invariably reduce 'inequality.'

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If Only Obama Had Been This Guy

Wed, 23 Nov 2011 00:00:00 -0800

Wall Street Journal - By Holman W. Jenkins, Jr - Nov. 23 (Opinion) - The good news is that growing economies can afford a great deal of government, if not quite as much as the Europeans and the U.S. have promised themselves. The bad news is that "policy error" are the saddest words in the language. These words, starting in the 1960s, came to dominate serious post mortems on the Great Depression of the 1930s, which blighted so many lives. Which brings us to President Obama. Has a president ever arrived freer to choose his own course, to devise his own response to the economic crisis that greeted him in office? Candidate Obama landed with no explicit ideological commitments (at least that he cared to share). He was an icon of something else altogether, and his followers were ready to follow wherever he led.

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What Percent Are You?

Tue, 25 Oct 2011 00:00:00 -0700

Wall Street Journal - By Phil Izzo - Oct. 25 (Special Report) - The Occupy Wall Street movement seeks to speak for the bottom 99% of the population by income, which includes pretty much everyone who makes less than $500,000 a year. According to the protesters’ unofficial website, “Occupy Wall Street” is a leaderless movement of people from many different backgrounds. “The one thing we all have in common is that we are the 99% that will no longer tolerate the greed and corruption of the 1%,” the website says. A related site called We Are the 99% records stories from people around the country. The calculator above shows where your income stands on the wide range of the 99%. An annual salary above $506,000 puts you in the top 1%, while you need to make less than $2,500 a year to be in the bottom 1%. Where do you stand?

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Obama Calls for New Taxes on Wealthy

Tue, 20 Sep 2011 00:00:00 -0700

Wall Street Journal - By John D. McKinnon, Jared Favole, Damian Paletta - Sep. 20 (News Report) - Obama called for $1.5 trillion in new taxes to help lower the nation's deficit, saying tax cuts for millionaires and billionaires in the last decade helped add to the country's massive debts.

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Justice Department Sues to Block AT&T's Takeover of T-Mobile

Wed, 31 Aug 2011 00:00:00 -0700

Wall Street Journal - By Thomas Catan, Brent Kendall - Aug. 31 (News Report) - The U.S. Justice Department on Wednesday sued to block AT&T Inc.'s proposed $39 billion takeover of T-Mobile USA, saying the combination of the second- and fourth-largest U.S. cellphone companies would hurt competition and likely raise prices. The antitrust challenge comes shortly after the Obama administration also blocked Nasdaq OMX Group's proposed offer for NYSE Euronext and shows its desire to put new teeth into antitrust enforcement after what it says was lax enforcement under the previous administration.

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Globalization Has Role In This Double Whammy

Wed, 10 Aug 2011 00:00:00 -0700

Wall Street Journal - By Simon Nixon - Aug. 10 (Opinion) - On the face of it, there's not much to link the London riots and the latest gyrations in global markets. The wave of violence and looting that has spread across the U.K. over the past few days has been mass criminality not a protest movement. And the global stock market rout was triggered by concerns over the euro zone, U.S. government debt and the global recovery rather than anything specific to the U.K. Indeed, the markets have singled out the U.K. as a haven, its debt now cheaper to insure than that of Germany. Even so, there's a link between the two phenomena—and it is an unsettling one. Both reflect the challenges of globalization. The creation of a rules-based multi-lateral trading system has been one of the greatest triumphs of the past 65 years. But the crash and the riots are evidence of the pressure this system is coming under from above and below.

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Why Obama Is Likely to Lose in 2012

Thu, 23 Jun 2011 00:00:00 -0700

Wall Street Journal - By Karl Rove - Jun. 23 (Opinion) - President Barack Obama is likely to be defeated in 2012. The reason is that he faces four serious threats. The economy is very weak and unlikely to experience a robust recovery by Election Day. Key voter groups have soured on him. He's defending unpopular policies. And he's made bad strategic decisions.

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The Economy Is Worse Than You Think

Wed, 08 Jun 2011 00:00:00 -0700

Wall Street Journal - By Martin Feldstein - Jun. 08 (Opinion) - The policies of the Obama administration have led to the weak condition of the American economy. Growth during the coming year will be subpar at best, leaving high or rising levels of unemployment and underemployment.

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Cyber Combat: Act of War

Tue, 31 May 2011 00:00:00 -0700

Wall Street Journal - By Siobhan Gorman, Julian E. Barnes - May. 31 (News Report) - The Pentagon has concluded that computer sabotage coming from another country can constitute an act of war, a finding that for the first time opens the door for the U.S. to respond using traditional military force.

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Two Other Reactors Suffer Serious Damage

Sun, 15 May 2011 00:00:00 -0700

Wall Street Journal - By Mitsuru Obe - May. 15 (News Report) - Substantial damage to the fuel cores at two additional reactors of Japan's Fukushima Daiichi nuclear complex has taken place, operator Tokyo Electric Power Co. said Sunday, further complicating the already daunting task of bringing them to a safe shutdown while avoiding the release of high levels of radioactivity. The revelation followed an acknowledgment on Thursday that a similar meltdown of the core took place at unit No. 1.

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China's One-Child Plan Faces New Fire

Fri, 29 Apr 2011 00:00:00 -0700

Wall Street Journal - Apr. 29 - China's latest census shows the nation's population is aging rapidly and its growth rate has declined sharply, raising new questions about the government's unwillingness to abandon its controversial one-child policy.

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There Is No Male-Female Wage Gap

Wed, 13 Apr 2011 00:00:00 -0700

Wall Street Journal - By Carrie Lukas - Apr. 13 (Opinion) - Recent studies have shown that the wage gap shrinks—or even reverses—when relevant factors are taken into account and comparisons are made between men and women in similar circumstances. In a 2010 study of single, childless urban workers between the ages of 22 and 30, the research firm Reach Advisors found that women earned an average of 8% more than their male counterparts. Given that women are outpacing men in educational attainment, and that our economy is increasingly geared toward knowledge-based jobs, it makes sense that women's earnings are going up compared to men's.

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Obama Seeks to Bolster Public Support

Tue, 29 Mar 2011 00:00:00 -0700

Wall Street Journal - By Laura Meckler, Adam Entous - Mar. 29 (News) - President Barack Obama made his case for military intervention in Libya in a speech to the nation on Monday, saying the action he directed was in U.S. interests and had already succeeded in preventing a massacre of "horrific scale."

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U.S. Products Help Block Mideast Web

Mon, 28 Mar 2011 00:00:00 -0700

Wall Street Journal - Mar. 28 (News) - U.S. Products Help Block Mideast WebWall Street JournalProtests flared Sunday in Yemen. Western Web-filtering technology has been used there, researchers say. As Middle East regimes try to stifle dissent by censoring the Internet, the US faces an uncomfortable reality: ...and more »

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Japan Does Not Face Another Chernobyl

Mon, 14 Mar 2011 00:00:00 -0700

Wall Street Journal - By William Tucker - Mar. 14 (Opinion) - The containment structures appear to be working, and the latest reactor designs aren't vulnerable to the coolant problem at issue here.

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A European's Warning to America

Sat, 12 Mar 2011 00:00:00 -0800

Wall Street Journal - By Daniel Hannan - Mar. 12 (Opinion) - The critical difference between the American and European unions has to do with the location of power. The U.S. was founded on what we might loosely call the Jeffersonian ideal: the notion that decisions should be taken as closely as possible to the people they affect. The European Union was based on precisely the opposite ideal. Article One of its foundational treaty commits its nations to establish "an ever-closer union."

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Google Ventures, Khosla Make Rain For WeatherBill

Mon, 28 Feb 2011 00:00:00 -0800

blogs.wsj.com - By Deborah Gage - Feb. 28 (News) - Google Inc.'s venture capital arm is backing a start-up founded by ex-Googlers that insures farms and other business against the whims of Mother Nature.

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What's at Stake in Wisconsin's Budget Battle

Sat, 19 Feb 2011 00:00:00 -0800

Wall Street Journal - By John Fund - Feb. 19 (Opinion) - Who's in charge of our political system—voters or unions?

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Is Your Job an Endangered Species?

Thu, 17 Feb 2011 00:00:00 -0800

Wall Street Journal - By Andy Kessler - Feb. 17 (Opinion) - So where the heck are all the jobs? Eight-hundred billion in stimulus and $2 trillion in dollar-printing and all we got were a lousy 36,000 jobs last month. That's not even enough to absorb population growth.

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Crisis Flummoxes White House

Fri, 11 Feb 2011 00:00:00 -0800

Wall Street Journal - By Adam Entous, Jay Solomon - Feb. 11 (News Report) - The defiant tone taken by President Mubarak—and widespread confusion about the meaning of his speech—had White House officials stumbling for their next step in a crisis that is spinning out of their control.

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Everybody Does It? Really?

Sat, 05 Feb 2011 00:00:00 -0800

Wall Street Journal - By James Taranto - Feb. 05 (Opinion) - So here we have a corporation that advertises itself as a "grassroots organization" while exercising its First Amendment rights to advance the position that corporations do not have First Amendment rights, only individuals do. Some individuals, participating in the corporation's "grassroots" rally, exercise their First Amendment rights in ways that harm the corporation's image. The corporation responds by exercising its First Amendment rights to denounce those individuals for having exercised their First Amendment rights. And it does in its capacity as a faceless corporation, by issuing a statement for which no individual--not even CEO Bob Edgar--takes responsibility.

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Palinoia, the Destroyer

Wed, 19 Jan 2011 00:00:00 -0800

Wall Street Journal - By James Taranto - Jan. 19 (Opinion) - Professional jealousy and intellectual snobbery, however, only scratch the surface of the left's bizarre attitude toward Palin. They explain the intensity of the disdain, but not the outright hatred--not why some people whose grasp of reality is sufficient to function in society made the insane inference that she was to blame for a madman's attempt to murder Rep. Gabrielle Giffords.

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Homeland Security Pulls Plug on High-Tech Border Fence

Fri, 14 Jan 2011 00:00:00 -0800

Wall Street Journal - By Keith Johnson - Jan. 14 (News Report) - The Department of Homeland Security Friday pulled the plug on a troubled billion-dollar program to build a high-tech fence along the Arizona border to help fight illegal immigration, a definitive end to a long-moribund project.

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Auto Makers Seek Help on Fuel Rules

Thu, 13 Jan 2011 00:00:00 -0800

Wall Street Journal - By Josh Mitchell - Jan. 13 (News) - Auto makers are asking newly empowered House Republicans to help fight a proposal under consideration by the Obama administration to boost fuel-economy standards for new cars and trucks to as high as 62 miles per gallon by 2025.

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