Recently in Domestic Policy Category

May 22, 2012

 

The Euro End Game

European leaders need to begin contemplating the long-term future of the euro and the European community at large...

AMERICAN ENTERPRISE INSTITUTE

Medicare Advantage Star Ratings: Detaching Pay from Performance

The conformity that Centers for Medicare and Medicaid Services standards will encourage undermines the very purpose for which Medicare Advantage plans were created...

AMERICAN ACTION FORUM

Bubbles, Malinvestment and Higher Education

By artificially lowering the cost of college, federal loan policies encourage a disproportionate number of people to attend these schools, driving up demand...

FREEMAN ONLINE

Scholastic Books Faces State Tax Overreaching

Courts in two states have ruled that bookselling company Scholastic owes back sales and use taxes, despite the fact that Scholastic has neither property nor employees in those states...

TAX FOUNDATION

An Unemployment Crisis for Older or Younger Workers?

Proportionately fewer older workers (6.6 percent) were unemployed in 2011 than those 20 to 24 years old (14.6 percent) and 25 to 54 years old (7.9 percent)...

REAL CLEAR MARKETS



Upcoming Events

Judge Andrew Napolitano

On June 13, 2012,
Judge Andrew Napolitano, the American media's most outspoken analyst of the legal system and defender of the Constitution, will speak as a part of the Hatton W. Sumners Distinguished Lecture Series in Dallas, Texas.
Learn more

May 21, 2012

 

The Cost of Ever-Increasing Federal Regulations

Estimated regulatory costs, while "off budget," are estimated to be $1.75 trillion and are equivalent to over 48 percent of the level of federal spending itself...

COMPETITIVE ENTERPRISE INSTITUTE

The Economics and Regulation of Bank Overdraft Protection

In 2010, 13 million consumers used overdraft protection and banks generated $35 billion in revenue from this use...

FEDERALIST SOCIETY

Sustainability

The argument that the earth is incapable of providing for an expanding human population is without scientific basis...

CAPITAL RESEARCH CENTER

Student Loan Payroll Tax Increase: Another Attack on Small Business

Senate Majority Leader Harry Reid has proposed to offset the cost of continuing to subsidize student loans by raising taxes on small businesses to the tune of $9 billion over 10 years...

HERITAGE FOUNDATION

When Cupcakes Are the Enemy of School Kids

Massachusetts will not only limit the bake sale capability of students -- it will also forbid students from handing out sweets such as cupcakes on their birthdays...

BUSINESSWEEK



Upcoming Events

Judge Andrew Napolitano

On June 13, 2012,
Judge Andrew Napolitano, the American media's most outspoken analyst of the legal system and defender of the Constitution, will speak as a part of the Hatton W. Sumners Distinguished Lecture Series in Dallas, Texas.
Learn more

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Newsmax.com

Insider Report from Newsmax.com

Headlines (Scroll down for complete stories):
1. Massive U.S. Oil Reserves 'Locked Up' on Federal Lands
2. Bill Clinton Won't Endorse Old Ally Rangel
3. Obamacare to Produce Huge Doctor Shortage
4. U.S. Envoy: Plans to Strike Iran Are 'Ready'
5. One-Third of Young Americans Are Underemployed
6. . Forbes: Jennifer Lopez 'World's Most Powerful Celebrity'
7. We Heard: Marco Rubio, Richard Mourdock

'Scared the Hell Out of Me'
Find out why Russell H. from Wichita, Kansas said Aftershock was a "great wake-up call" to prepare for the worst. Click Here


1. Massive U.S. Oil Reserves 'Locked Up' on Federal Lands

The Green River Formation, a largely vacant area where Colorado, Utah, and Wyoming come together, contains about as much recoverable oil as all the rest the world's proven reserves combined, the Government Accountability Office reports.

Most of the oil is beneath federal land overseen by the Department of the Interior's Bureau of Land Management, but the government has "locked up" development of the huge resource, critics charge.

Anu K. Mittal, the GAO's director of natural resources and environment, said in written testimony submitted to the House Subcommittee on Energy and Environment: "The Green River Formation -- an assemblage of over 1,000 feet of sedimentary rocks that lie beneath parts of Colorado, Utah, and Wyoming -- contains the world's largest deposits of oil shale.

"USGS [U.S. Geological Survey] estimates that the Green River Formation contains about 3 trillion barrels of oil, and about half of this may be recoverable, depending on available technology and economic conditions.

"The Rand Corporation, a nonprofit research organization, estimates that 30 to 60 percent of the oil shale in the Green River Formation can be recovered. At the midpoint of this estimate, almost half of the 3 trillion barrels of oil would be recoverable. This is an amount about equal to the entire world's proven oil reserves."

For purposes of comparison, the entire Middle East is estimated to have less than 700 billion barrels of proven reserves.

Mittal also stated: "Being able to tap this vast amount of oil locked within this formation will go a long way to help to meet our future demands for oil.

"As you can imagine, having the technology to develop this vast energy resource will lead to a number of important socioeconomic benefits including the creation of jobs, increases in wealth, and increases in tax and royalty payments for federal and state governments."

She added that the federal government therefore is in "a unique position to influence the development of oil shale," according to GAO testimony.

But in testimony that the Obama administration could seize upon to rebuff calls for development of the oil shale, which environmentalists generally oppose, Mittal also noted: "While large-scale oil-shale development offers socioeconomic opportunities, it also poses certain socioeconomic challenges that also should not be overlooked.

"Oil shale development like other extractive industries can bring a sizable influx of workers who along with their families put additional stresses on local infrastructure.

"Developing oil shale and providing power for oil shale operations and other activities will require large amounts of water and could have significant impacts on the quality and quantity of surface and groundwater resources.

"Oil shale operations will also require the clearing of large surface areas of topsoil and vegetation which can affect wildlife habitat, and the withdrawal of large quantities of surface water which could also negatively impact aquatic life."

However, Investor's Business Daily observes that the GAO testimony is "exploding the Big Lie pushed by President Obama that we can't drill our way out of high gas prices because we have but 2 percent of the world's proven oil reserves.

"Just one small part of the U.S. is capable of outproducing the rest of the planet.

"Given that current U.S. daily oil consumption is running at 19.5 million barrels, the staggering amount of Green River reserves would by itself supply domestic oil consumption for more than 200 years.

"So why are we keeping it locked up on federal lands?"

 


2. Bill Clinton Won't Endorse Old Ally Rangel

Former President Bill Clinton is abandoning his longtime political ally Charles Rangel, who is facing a difficult re-election challenge following redistricting in New York State.

Rangel, 81, has been in office since 1971, but his new district is 57 percent Hispanic and just 27 percent African-American. He is being challenged in the Democratic primary by state Sen. Adriano Espaillat and former Clinton aide Clyde Williams.

Williams was a domestic policy adviser in the Clinton administration and also served as a top aide at the Clinton Foundation.

Clinton "is grateful for Clyde's work with the foundation," a Clinton official told the New York Post.

"Because he has personal relationships with several of the candidates in the race, he doesn't feel it's appropriate to weigh in on the race."

Clinton strongly endorsed Rangel's re-election in 2010 when the longtime incumbent was facing House ethics violations that later led to a congressional censure. Clinton even taped a message to voters on Rangel's behalf, according to the Post.

Rangel for his part strongly defended Clinton during his impeachment ordeal and helped Hillary Clinton get elected to the Senate from New York.

He also backed Hillary against primary rival Barack Obama in 2008. Like Bill Clinton, Obama is staying neutral in this year's primary.

 


3. Obamacare to Produce Huge Doctor Shortage

By 2015, the United States will face a shortfall of nearly 30,000 primary care physicians, due largely to Obamacare -- and a shortage of 65,800 by 2025, the Association of American Medical Colleges predicts.

The shortfall is attributable in part to deterrents to entering the field, such as relatively lower incomes compared to specialists, and the growth of the elderly population in America.

But the biggest culprit would be Obamacare. If the healthcare reform bill is not overturned by the Supreme Court, up to 33 million previously uninsured Americans will be covered by health insurance, leading to a sharp increase in the demand for medical services. And even if Obamacare is not fully implemented and merely expands Medicaid coverage, 17 million Americans will be added to the Medicaid rolls by 2020.

There is, however, a readily available solution for reducing the demand for primary care physicians, according to Dr. John Rowe, professor in the department of health policy and management at the Columbia University Mailman School of Public Health.

"One of the best ways to alleviate this shortage is to expand the scope of practice for advanced practice registered nurses (APRNs), well-trained registered nurses with specialized qualifications who can make diagnoses, order tests and referrals, and write prescriptions," he writes in The Atlantic.

"APRNs could provide a variety of services that primary care physicians now provide."

He cites a report from the Institute of Medicine of the National Academy of Sciences that found that properly trained APRNs can provide core primary care services as effectively as physicians.

But Rowe points to a problem: Nurses are permitted to practice "independently to the full extent of their training and competence" in only 16 states and the District of Columbia, while the other states impose regulations limiting their practice.

And the American Medical Association, the American Academy of Family Physicians, and several other professional organizations oppose expanded use of APRNs, despite recent research showing that such use would have "no impact on primary care physician income," observes Rowe, who was previously president of the Mount Sinai Hospital and Mount Sinai School of Medicine in New York City.

He adds that nurses can be trained faster and at a much lower cost than doctors, and declares: "Tapping nursing's potential is the fastest and least expensive way to meet growing demand for primary care."

 


4. U.S. Envoy: Plans to Strike Iran Are 'Ready'

American Ambassador to Israel Dan Shapiro says plans for a military strike on Iran's nuclear facilities are "fully available" and "ready."

In remarks aired by Israel's Army Radio on Thursday, Shapiro said: "It would be preferable to resolve this diplomatically and through the use of pressure than to use military force. But that doesn't mean that option is not fully available -- not just available, but it's ready.

"The necessary planning has been done to ensure that it's ready."

Israel has hinted it could launch a pre-emptive attack on Iran's nuclear development program, which Iran insists is for peaceful purposes but Israel believes is aimed at producing nuclear weapons.

However, many analysts believe the United States alone has the ability to inflict lasting damage on Iran's program, the Israeli newspaper Haaretz reported.

Award-winning journalist Arnaud de Borchgrave recently told Newsmax in an interview that a U.S. strike against Iran would be "the height of strategic madness" because it could escalate rapidly into a regional war.

But Israeli Defense Minister Ehud Barak recently asserted that a "radical Islamic Republic of Iran with nuclear weapons would be far more dangerous both for the region and, indeed, the world" than an attack on Iran.

Ambassador Shapiro's comments came days before the scheduled resumption of talks between Iran and Western allies in Baghdad.

 


5. One-Third of Young Americans Are Underemployed

The struggling U.S. economy has been particularly hard on young people -- Americans ages 18 to 29 are suffering higher unemployment and underemployment rates than other age groups, a new Gallup poll reveals.

Unemployment among young adults stood at 13.6 percent in April, up from 12.5 percent in March and the same as in April 2011.

Among those ages 30 to 49, the unemployment rate stood at 7 percent in April, and at just 6.2 percent among those ages 50 to 64.

In addition to the unemployed, 18.4 percent of young Americans are working part time but looking for full-time work. Combining that figure with the 13.6 percent unemployed brings the underemployment total to 32 percent -- essentially one-third of all Americans ages 18 to 29, according to Gallup.

That's up from 30.1 percent in March and 30.7 percent in April 2011, so their situation is not improving.

Underemployment in April was 14 percent among those ages 30 to 49, and 13.6 percent among those ages 50 to 64.

"April has brought gloomy job news for young Americans and underscores that this group has been struggling disproportionately for some time," Gallup observes.

Gallup points out that only 3.1 percent of young adults say they are self-employed, compared to 7.3 percent of all Americans in the workforce. Most young people lack the necessary experience and knowledge to succeed in self-employment.

"Nearly one in three young adults in the workforce are not now able to gain full-time job experience," Gallup concludes.

"This not only hurts them temporarily, but deprives them of the experience they need to get a better job in the future. It also deprives U.S. companies of the skilled and experienced workers they will need for their businesses to prosper in the years ahead."

 


6. . Forbes: Jennifer Lopez 'World's Most Powerful Celebrity'

Forbes magazine has released its new list of "The World's Most Powerful Celebrities," and singer-actress-entrepreneur Jennifer Lopez tops the list, replacing the previous list's top celeb, singer Lady Gaga.

Donald Trump and Rush Limbaugh are also high on the new list.

Forbes' "Celebrity 100" list -- which includes film and television actors, TV personalities, models, athletes, authors, musicians, and comedians -- is based on "money and fame," Forbes explains.

"We define fame as media visibility in print, television, radio, and online, plus social media power, which we measure by looking at each celebrity's presence on Facebook and Twitter.

"The earnings consist of pretax income between May 1, 2011, and May 1, 2012. Management, agent, and attorney fees are not deducted."

After several down years, Lopez rebounded in 2010 by landing a judge's chair on "American Idol," although there are reports she is leaving the show to devote more time to other endeavors.

"The job gave her a platform to promote her music and turn her image around," Forbes observed.

"It didn't hurt that she also split from her husband, Marc Anthony. Suddenly a single mother, Lopez lapped up the media attention and scored lucrative endorsement deals with companies like L'Oreal and Gillette. She now has a line of clothing at Kohl's and a top-selling fragrance.

"With 6.6 million followers on Twitter and 12 million fans on Facebook, she's also proved a master of social media."

Lopez reportedly earned $52 million during the year.

In second place on the list is Oprah Winfrey, whom Lady Gaga unseated for No. 1 last year. Winfrey was the top earner on the list, bringing in $165 million thanks in part to her of spin-off shows including "Dr. Phil."

Rounding out the top 10, in order: Justin Bieber (55 million in earnings), Rihanna ($53 million), Lady Gaga ($52 million), Britney Spears ($58 million), Kim Kardashian ($18 million), Katy Perry ($45 million), Tom Cruise ($75 million), and Steven Spielberg ($130 million).

Other interesting inclusions on the list: Tiger Woods at No. 12, Donald Trump (No. 14), Rush Limbaugh (19), and Glenn Beck (23).


7. We Heard...

THAT Sen. Marco Rubio will appear at a fundraiser for Indiana state Treasurer Richard Mourdock, who is running for the Senate from the Hoosier State.

Mourdock spent nearly all his campaign funds in defeating longtime incumbent Richard Lugar in the Republican primary, and is facing Democratic Rep. Joe Donnelly in November's general election.

The fundraising event is scheduled for June 4, and tickets range from $25 for students to $2,500 for a private roundtable with Rubio, The Hill reports.

The Florida senator and Mourdock are both tea party favorites.

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May 18, 2012

   

Social Security is on an unsustainable spending path. Government wants to increase the tax burden even more to pay for it which isn't fair to younger people. Cutting benefits people have come to expect after paying into the system over their entire working life is equally unfair.

What's the solution? The NCPA believes free market solutions can solve many of our nation's public policy problems. One solution to ease Social Security's pains is what is known as the "Alternate Plan." The Alternate Plan has worked for more than 30 years for public employees in three Texas counties and shown that not only is it safe but that many of the retirees receive more than twice what they would have under Social Security. Read about it here.

Thanks for your support!

Richard Walker
Chief Operating Officer

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May 18, 2012

 

Do Schools Begin Too Early?

A one-hour delay in school start time increases standardized test scores on both math and reading tests by roughly 3 percentile points...

EDUCATION NEXT

Sweden's Reputation As a Welfare State Is In Trouble

The United States continues to struggle with its jobs problem (unemployment currently sits at 8.1 percent), but Sweden's jobless rate has fallen to 7.5 percent without any massive stimulus spending...

INVESTOR'S BUSINESS DAILY

Reducing Profitability of Oil Companies Would Harm Regular Americans

Private and public pensions own 31 percent of all U.S. oil and natural gas companies...

MANHATTAN INSTITUTE

The Role of Regulation and Distribution Channel in Drug Safety

Substandard drugs are priced 30.3 percent lower than comparable generics in the same city but counterfeits offer almost no discount relative to the genuine version they aim to mimic...

NATIONAL BUREAU OF ECONOMIC RESEARCH

The Human Disaster of Unemployment

Economists estimate a 50 to 100 percent increase in death rates for older male workers in the years immediately following a job loss...

NEW YORK TIMES



Upcoming Events

Judge Andrew Napolitano

On June 13, 2012,
Judge Andrew Napolitano, the American media's most outspoken analyst of the legal system and defender of the Constitution, will speak as a part of the Hatton W. Sumners Distinguished Lecture Series in Dallas, Texas.
Learn more

Enhanced by Zemanta

Friday, May 18, 2012

 

 

 

Feature: This week CEI published the 2012 edition of Ten Thousand Commandments, an annual report on regulatory costs.

FEATURE: New Edition of Ten Thousand Commandments Released

 

Ten Thousand Commandments is an annual report prepared by Vice President for Policy Wayne Crews on the costs of federal regulations. The public already knows about climbing federal spending; but when government increases the cost of doing business through new regulations, the consequences are largely hidden from public view. The purpose of the Ten Thousand Commandments report is to restore accountability and transparency to Washington by drawing attention to the staggering burden of federal rules and regulations. Read more on the report here. For more information about the project and archives of past reports, see here.

 

 

 

 

SHAPING THE DEBATE

 

Give a Man a Fish

Iain Murray and Roger Abbott's CEI OnPoint

 

Driving the Market From the Marketplace of Ideas

Fred L. Smith's op-ed in The Washington Times

 

Obamacare's Killer Device Tax

Henry I. Miller's op-ed in The Wall Street Journal

 

Companies Have Right to Engage Political Process

Fred L. Smith's letter to the editor in The Oklahoman

 

The Flawed Case Against Immigration

David Bier's op-ed in The Huffington Post

 

Light Bulb Battle Pits Tea Party Against Manufacturers

Myron Ebell's citation in Bloomberg News

 

From Watergate to Weidgiegate

Hans Bader's citation in The Washington Examiner

 

Horses in the Dining Room

CEI's citation in The Daily Herald

 

Wind Turbines Endanger Eagles

R.J. Smith's citation in Newsday

 

 

 

                                     

                                        
         

 

CEI PODCAST

 

May 17, 2012: Ethanol's Overstated Benefits

 

Senior Fellow Marlo Lewis takes apart a study claiming that ethanol lowers gas prices by more than a dollar per gallon in some regions. Unrealistic assumptions and dodgy methodology make the results less than trustworthy. Ethanol, Lewis argues, is widely used only because the federal government requires it to be. If it had to compete on a level playing field like most other products, it would be a flop.

 

 

 

BEST OF THE BLOGS

Facebook, Overregulation, and the "Cheers IPOs"

By John Berlau

Tuna-Dolphin Issue--Again a WTO Decision

By Fran Smith

 

Bailouts Wanted--All Taxpayers Solicited!

By Fred L. Smith

 

Corn Is Busting Out All Over

By Marlo Lewis

 

 

 

 

 

 

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May 17, 2012

 

Growth of Consumer-Directed Could Save Billions Annually

In the next decade, consumer-directed health plan enrollment could total 50 percent of the total employer-sponsored enrollment, saving the nation $57.1 billion annually in health care expenditures...

HEALTH AFFAIRS

Oil Production: United States Is Capable of Out-Producing World

The U.S. Geological Survey estimates that the Green River Formation contains about 3 trillion barrels of oil...

INVESTOR'S BUSINESS DAILY/GOVERNMENT ACCOUNTABILITY OFFICE

Nurse Practitioners Look to Fill Gap with Expected Spike in Demand for Health Services

According to the Association of American Medical Colleges, the country will have 63,000 too few doctors as soon as 2015...

WASHINGTON POST

Taxation of Online Travel Services

Local officials in 25 states and the District of Columbia have sought to reinterpret hotel occupancy tax ordinances to apply to amounts paid by consumers to online travel booking services...

TAX FOUNDATION

A Mortgage Deal With the Wrong Incentives

Customers face incentives to hide income or to not work entirely so that they can qualify for the relief provided by the settlement determined by the Justice Department for the banks involved in foreclosure abuses...

REAL CLEAR MARKETS



Upcoming Events

Judge Andrew Napolitano

On June 13, 2012,
Judge Andrew Napolitano, the American media's most outspoken analyst of the legal system and defender of the Constitution, will speak as a part of the Hatton W. Sumners Distinguished Lecture Series in Dallas, Texas.
Learn more

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May 16, 2012

 

Finding Sources of Rare Earths beyond China

In 2008, factories outside of China used nearly 60,000 tons of rare earths; in the past two years, however, China has limited exports to just 30,000 tons per year, driving up global prices, says H. Sterling Burnett, a senior fellow at the National Center for Policy Analysis...

NATIONAL CENTER FOR POLICY ANALYSIS

High Unemployment the New Normal

In April 2012, labor force participation was 63.4, the lowest rate since January 1981...

REASON MAGAZINE

How Not to Cure Chronic Diseases

Drug manufacturers recoup their research and development costs for only one in five approved drugs -- a decline from the one in four figure of about a decade ago...

HOOVER INSTITUTION

Facebook Cofounder Gives Up U.S. Citizenship before Company Goes Public

A record 1,780 gave up their U.S. passports last year compared with 235 in 2008, according to government records...

BLOOMBERG

Small Cities Are Becoming New Engine of Economic Growth

Forbes' Best Cities For Jobs survey found that small and midsized metropolitan areas accounted for 27 of the 30 urban regions in the country that are adding jobs at the fastest rate...

FORBES



Upcoming Events

Judge Andrew Napolitano

On June 13, 2012,
Judge Andrew Napolitano, the American media's most outspoken analyst of the legal system and defender of the Constitution, will speak as a part of the Hatton W. Sumners Distinguished Lecture Series in Dallas, Texas.
Learn more

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May 15, 2012

 

Questioning Homeownership as a Public Policy Goal

Since 1970 the homeownership rate has increased by only 2 percentage points, compared to a 20 percent increase from 1940 to 1970, despite extraordinary efforts to boost ownership rates...

CATO INSTITUTE

Stimulus Spending Keeps Failing

Once a comparatively low public-debt nation, Japan opted for a Keynesian approach to spending years ago, resulting in a ratio of government debt to gross domestic product around 210 percent -- the largest in the world...

WALL STREET JOURNAL

Obama Health Plan Will Squeeze the Middle Class

For a family of four, premiums on even one of the lower priced "silver" options could still cost more than $15,000 annually on the new health insurance exchanges...

REAL CLEAR MARKETS

Is the Export-Import Bank Another Fannie Mae or Freddie Mac?

Among the Export-Import Bank's pet projects that have received enormous amounts of assistance are Solyndra and Enron, signaling the lack of accountability its administration is subject to...

INVESTOR'S BUSINESS DAILY

California to Impose Tax on Out-of-State Business to Fund College Scholarships

A proposed California state bill to levy a tax on out-of-state businesses in order to fund scholarships for middle class students to attend state universities would impose a $1 billion tax hike on those businesses that are not headquartered in California...

LOS ANGELES TIMES



Upcoming Events

Judge Andrew Napolitano

On June 13, 2012,
Judge Andrew Napolitano, the American media's most outspoken analyst of the legal system and defender of the Constitution, will speak as a part of the Hatton W. Sumners Distinguished Lecture Series in Dallas, Texas.
Learn more

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Disloyal Opposition is the previous category.

Egypt is the next category.

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