President Obama today expressed his continuing confidence in the Transportation Security Administration (TSA), despite recent covert tests where 95% of mock explosives and weapons were allowed through airport security. 70 U.S. airports were involved in the testing, requested by the Homeland Security Inspector General, yet only 3 of those were(…)
After the horrifying Amtrak disaster that killed eight people last week, some members of Congress have decided that one of the causes of the disaster was a lack of funding to the Northeast Corridor route – the spot where the train derailed. House Speaker John Boehner (R-Ohio), however, made it(…)
Cited by its proposers, Obamacare was meant to see a clear reduction in the number of people visiting ER, as the opportunity to see a regular physician grew more expansive. A recent American College of Emergency Physicians report shows that is not the case. According to their survey, 3 out(…)
The IRS has paid out $5.6 billion in education credits to over 3 million people who are not actually entitled to claim them, J. Russell George, Treasury Inspector General, has said in a new report. Taxpayers are able to offset their educational costs through these credits, which have become a(…)
Approximately half of the Obamacare insurance marketplaces are now hitting financial problems – primarily caused by call centers that are too expensive to operate efficiently, technology that does not do what it was designed for and limited take-up numbers. Its officials now have no option but to look to state(…)
A serious body of proof now exists that shows the next economic downturn is, in reality, already here. The U.S economy has stalled at an annualized rate of 0.2% and trade deficit figures of $51.4 billion for March, 2015, will subsequently downgrade the first quarter GDP results into the negative.(…)
Major U.S. retailers, including the likes of Office Depot, JCPenney and Macy’s, begin their preparations for a forthcoming economic downturn by planning the permanent closure of more than 6,000 store locations. One of these, Office Depot, intends to close 400 stores by 2016. With credit lines running out, increased housing(…)
The Government Accountability Office (GAO) announced just days ago that the Department of Energy Loan Guarantee Program will leave taxpayers with costs of $2.2 billion, including $807 million for loans that have defaulted. Designed to encourage investment within green energy projects, five companies have already defaulted on their loans. Investigators(…)
Official figures released today by the U.S. Commerce Department show that the economy grew by a mere 0.2% during the first quarter of 2015. Additionally, this minimal rise was only achieved through increased personal consumption and private investment. US chief economist at Capital Economics, Paul Ashworth, described our economy’s performance(…)
Recent Department of Labor reports show that energy prices are rising six times as fast as employee’s hourly wages. Wages have increased an average of 2.2% in the last year, but, as of March, energy costs are rising at an annualized rate of 13.2%. If you see the problem with(…)
