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If Washington D.C.'s Mayor Vincent Gray doesn't veto a discriminatory minimum-wage law targeted at Walmart, the retailer is likely to shrug, and find other friendlier places to do business.

There are political costs as well, but the 75 percent reduction in Americans' standard of living shows just how costly the regulatory state has been for the country over the last 56 years. By Bob Adelmann

A closer look behind the Conference Board's rosy consumer confidence survey released on Monday reveals an economy, at the individual and family level, that hardly merits such optimism.

The Rockefeller Foundation, mega-banks, and even taxpayers via the U.S. Agency for International Development (USAID) have provided millions of dollars toward pushing a new type of “socially responsible” corporate structure known as the “benefit corporation.” More than 15 states have already signed on. Critics, however, say the scheme will further undermine what remains of the market system while promoting deeply controversial United Nations Agenda 21-linked notions of “sustainable development.”

Stock and commodities markets went into a two-day slide after Federal Reserve Chairman Ben Bernanke hinted that the United States would end so-called “quantitative easing” sometime during 2014. 

 

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