Walmart Shuttering 154 Stores in the U.S. after Raising Wages

Here is another example of the great recovery we’ve had under Obama. According to Tribune Media: “Walmart to close 269 stores, 154 in U.S.; 10,000 employees impacted.” Walmart is closing 154 stores in the U.S., the company announced on Friday. As part of a “sharpened focus on portfolio management,” the 154 U.S. closures include 102 of its Walmart Express stores, which were opened during a test that started in 2011. The other closures include 23 Neighborhood Market stores, 12 Supercenters, Read more […]

No Institution Left Unregulated: Obama’s War on Food Co-ops

I’ve never been part of a food co-op and that is probably because my politics are right of center. Somehow I have always thought of food co-ops as a product of the left. Perhaps I am wrong but that has been my impression. But I also realized they were unique among Left-leaning endeavors. Unlike minimum wage law or soda size restrictions, food co-ops are a private creation in the marketplace that are not driven by coercion. They are sustained by the voluntary cooperation of their members. So Read more […]

Protection or Plunder? Whole Foods and New York City

I wanted to like this Associated Press story because, in theory, it is about the government doing what the government is supposed to do. It is supposed to punish fraud. I was actually prepared to say something nice about New York City’s government–a rare event for any government but especially in the case of the Big Apple. Sadly, there are enough doubts raised in the story that I can’t be so positive. In fact, looking at another news story, I think this amounts to blackmail with AP only reporting Read more […]

Overregulation and the Failure of Obamacare’s Biggest Co-op

I’ve covered the collapse of many Obamacare co-ops, and how they failed because they were built on Liberal/Socialist ideas. Here’s some confirming evidence from the Daily Signal: “How Overregulation Led to the Collapse of Obamacare’s Largest Co-Op.” A new report examining the collapse of Health Republic of New York, Obamacare’s largest co-op, said its failure—which may lead to a $265-million loss of taxpayer dollars—can be attributed in part to heightened regulatory control by the state. According Read more […]

New York Times V. Truth, Reason, and Nail Salons

When the New York Times wrote an attack on the nail salon industry, Mark Horne pointed out that the article was so biased as to be worthless. But I missed the story about Reason.com’s counterattack and the New York Time’s less-than-adequate response. If you have time, make sure you watch the video above. The New York Times’ falsehood unleashed self-righteous indignation of Governor Anthony Cuomo and his army of “inspectors” (like customers and workers can’t inspect a business for themselves Read more […]

Obamacare Helps Close Down a Restaurant

The Daily Signal gives us a story about one of the many restaurants throughout the nation that are not able to pass on Obamacare prices to their customers. If you ask Tom Loventhal, a deli is no more than a place to provide customers with comfort food. Whether it’s breakfast—served all day—soup or a sandwich, Loventhal’s motto has always been that at his Nashville, Tenn.,-based deli, “anyone is welcome here from ages 0 to 99, because you’ll find something on the menu.” And for nearly Read more […]

How Much Is the Government Gouging You at the Gas Pump?

Gas prices are low right now, but they could be a lot lower. Prices would be lower if the government would stop shaking us down at the pump. One way our rulers shake us down is by making us throw money at the corn industry when we try to buy gas. I write “try” because we are force to buy diluted gasoline that doesn’t power our vehicles very well. Salim Furth covers this in his Daily Signal article, “Repealing These Two Regulations Could Save You 31 Cents per Gallon of Gas.” The repeal of Read more […]

Restaurants Try to Make Customers Eat Obamacare

Prediction: Obamacare will cause a wave of restaurant closings. Chief Justice Roberts said that the Affordable Care Act’s fine for not purchasing Obamacare insurance was Constitutional because it was really a tax. That was legally outrageous but it was economically interesting. What is the difference between the government taxing you for the sake of “services” the government wants to provide and the government fining you for the same reason? The fact is Obamacare is a massive tax in lots of ways. Read more […]

Why did a CEO Pay Everyone $70k?

Remember David Price who decided to pay every employee at his company, Gravity, including himself, an annual salary of $70,000? A great many things went predictably wrong with that plan. One of the unpredictable things was a lawsuit. Another problem is that Price is now involved in a lawsuit. Price told the New York Times, “We don’t have a margin of error to pay those legal fees.” Price made it sound like the lawsuit was an event he didn’t expect. But Karen Weisse at Bloomberg Business Read more […]

Weighed Down by Obamacare, Etc, Is the Weak Holiday a Surprise?

The Associated Press reports, “Early signs of weak holiday spending send retail stocks lower as traders return from holiday.” Early signs of softness in holiday spending sent retail stocks lower on the first day of trading after the Thanksgiving holiday. Macy’s and Kohl’s each fell 2 percent Monday, while Target fell 1 percent, more than the rest of the market. Health care stocks also took a tumble. Drugmakers Celgene and AbbVie each fell 3 percent. The Dow Jones industrial average gave up 78 Read more […]

Big Pharma Plans to Bankrupt States

The Associated Press reports, “New $710-a-day drug hailed as a lifesaver but shows how treatments can strain Medicaid budgets.” A newly approved drug is being hailed as a major advance in treatment of cystic fibrosis, a life-threatening genetic disease that clogs the lungs with mucus and forces patients to struggle to breathe. But it comes with a punishing price tag — about $710 per patient per day. The treatment takes a bite out of Medicaid programs that are already facing big budget problems, Read more […]

Veterans Affairs Officials Rob Government; Not Fired

Perhaps the whoever made the decision to merely demote them rather than fire them decided their crime was relatively innocuous. After all, whats the theft of hundreds of thousands of dollars through fraud compared to letting veterans die by neglecting to give them the care they need? From Reason.com: “Not Even a Criminal Referral to the Dept. of Justice Can Get You Fired From the V.A.” Two senior Department of Veterans Affairs (VA) officials accused of scamming the agency for personal financial Read more […]