The U.S. Government Accountability Office (GAO) predicts a stormy fiscal future for state and local governments, with expenses expected to outpace revenues during the next five decades. The GAO report released Dec. 13 said that both expenditures and revenues are…
California regulators are giving up on their misguided effort to tax text messages. The California Public Utilities Commission (CPUC) said the Federal Communications Commission’s (FCC) move last week to classify text messages as an information service rather than a telecommunications…
More positive news has arisen for the U.S. in its trade war with China, even as other developments cloud the situation. A new report says that China is shelving its Made in 2025 economic plan, an aggressive track that would…
Michigan recently became the 21st state to enact legislation targeting the growth of 5G wireless, a technology that is expected to be more than 100 times faster than 4G. Last week, Gov. Rick Snyder signed SB 637, a bill to…
A former deputy commissioner at the Social Security Administration (SSA) says pension trustees are assuming higher investment returns than in the past due to accounting trickery — despite what’s being widely reported in the public sphere. Andrew Biggs, a resident…
American companies are warning the European Union that plans to tighten copyright protections will have unintended consequences that will greatly curtail Europeans’ ability to access online content. The EU is now debating a new copyright directive, with the greatest points…
Congress may be more Scrooge than Santa this year if it keeps delaying a funding solution that will keep the federal government from partially shutting down for Christmas – and beyond. A continuing resolution passed in September was scheduled to…
The form is simple, but the message is often deep. The haiku, a famous type of Japanese poetry, only consists of 17 syllables, with three lines made up of five, seven and five syllables. Apparently, when poker players aren’t sitting…
While tax breaks for corporations continue to grow, as state and local governments essentially outbid each other to lure the promise of jobs to their region, experts continue to cast doubt on their value. The latest prime example of this…