Mike Flynn

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Personal Consumption Falls as Weather Warms

On Thursday, the Commerce Department reported that personal consumption, which makes up around three-fourths of the economy, fell in May, further undermining claims that a particularly cold winter was behind the recent economic slowdown. Jun 29, 2014 9:35 AM PT

Recording Industry Battles Online Radio

Allies of the recording industry in Congress have introduced new legislation to change copyright law in the face of a new, online landscape. But the proposal is facing criticism that it would insulate entrenched players in the market from competition, hurting consumers. Jun 23, 2014 6:21 PM PT

Christie-Backed Casino Goes Bust in NJ

The long-stalled project was only completed after New Jersey Gov. Chris Christie invested $260 million in tax rebates to help jump-start the failing project. It was part of a government-directed plan to "revitalize" Atlantic City. Now, it appears Christie's bet is bust. Jun 22, 2014 11:06 AM PT

DC Political Bubble Is Set to Burst

House Majority Leader Eric Cantor's shocking loss in his primary last week left many observers wondering if the fallout would spark a GOP leadership shuffle. Cantor's opponent, econ professor Dave Brat, with a shoe-string budget and zero support from national tea party "organizations," ran a classic grassroots campaign and bested the powerful incumbent by more than ten points. With an increased turnout from two years ago, the result had all the markings of a real voter revolt. Jun 15, 2014 1:10 PM PT

Curtain Closing on Obama Presidency

President Obama has faced low job-approval ratings for much of his presidency. In the current RealClearPolitics average of polls, his job-approval is currently 42%. According to Gallup, Obama's job-approval has never averaged more than 48% in each of his last four years in office. Jun 14, 2014 9:00 PM PT

World Cup: American Football Is a Sign of Nation's Decline

Every four years, large swaths of the world pause to enjoy the World Cup, a tournament of the 32 best national teams in soccer. Like clockwork, American sports writers and fans mark the occasion with loud commentary about how "stupid" they find the sport. Barrels of ink are spilled and vocal cords strained assuring everyone that our "football" is better than soccer and, more American. Project much? Jun 14, 2014 12:00 PM PT

VA Orders Uber, Lyft to Cease, Shift Resources to Lobbying

On Thursday, the Virginia DMV sent cease-and-desist letters to ride-sharing companies Uber and Lyft, asserting that their services are illegal in the Commonwealth. DMV Commissioner Richard Holcombe also "strongly" suggested the companies "focus their resources on participating in the state's study 'rather than continue illegal operations in the meantime.'" Jun 6, 2014 9:43 AM PT

Poll: Working Class Voters Abandon Obama

A new CNN poll of Americans finds falling support for President Obama on every policy issue. On no single issue does a majority of Americans approve of Obama's position. On many important issues, e.g. health care, immigration and foreign policy, his approval ratings have reached new lows. Perhaps surprisingly, however, his approval ratings are worst among America's working class. Those earning less than $50k and those who haven't been to college have turned decidedly against Obama. Jun 4, 2014 11:06 AM PT

Government Hides Christian Symbols in VA Chapels

Revelations of secret waiting lists at VA hospitals and veterans' struggles to get medical care have received national attention in recent weeks. This scandal, however, is just the highest-profile example of the consequences of government encroaching further into our lives. In Iron Mountain, Michigan, VA officials cloistered images of Jesus, Mary, a crucifix and altar behind a curtain to make a formerly Christian chapel more religiously "neutral." Jun 2, 2014 2:53 AM PT

Economy Shrinks Despite $2 Trillion in Fed Stimulus

On Thursday, the Commerce Department revised downward its estimate of GDP growth in the first three months of the year. New data reveals the economy shrank by 1.0% in the first quarter, a sharp reversal from the agency's initial estimate of 0.1% growth. The new estimate is the first drop in GDP since the first quarter in 2011. Mostly unreported, however, is the fact that the Federal Reserve has pumped almost $2 trillion into the economy since that economic contraction three years ago. May 31, 2014 11:59 AM PT

Three Red Flags in GDP Report

The Commerce Department reported Thursday that, in its latest estimate of 1st Quarter GDP, the economy shrank by 1.0% in the first three months of the year. This was a sharp reversal from its initial estimate, which suggested the economy grew by an anemic 0.1%. Many pundits have tried to blame the weather for the disappointing results. A deeper look inside the numbers, however, raises 3 troubling signs for the economy. May 31, 2014 11:54 AM PT

Kitchen Nightmare: Restaurant 'Alt-Labor' Groups In Bitter Civil War

For more than a decade, the Restaurant Opportunities Center of New York (ROC-NY) has been at the vanguard of labor's new strategy to reverse decades of declining membership. Organized as a 501 (c)3 non-profit, rather than as a traditional labor union, ROC-NY has tried to "organize" New York City's restaurant workers to agitate for higher wages and changes in workplace rules. It is now locked in a bitter war for its survival with ROC-United, a national offshoot created by one of ROC-NY's original co-founders, who is trying to take over the local organization. May 28, 2014 10:01 AM PT

Under Obama, Temp Jobs Grew 45%, Manufacturing Shrank 3.2%

In two weeks, the political and financial worlds will pause for the May Jobs Report from the Labor Department. While pundits will debate the change in payrolls and the unemployment rate, focusing on just the monthly numbers obscures more troubling underlying trends in the labor force. Since Obama took office, the number of temporary jobs has soared by 45%. Higher-paying manufacturing jobs have contracted 3.2%. May 23, 2014 8:48 AM PT

Chicago VA Spent 3X More On Painters Than Quality Assurance

After embattled VA Undersecretary for Health, Dr. Robert Petzel announced his resignation/retirement, the Obama Administration nominated Dr. Jeffery Murawsky, a regional VA director as his replacement. Dr. Murawsky's current portfolio, however, includes overseeing the large Edward Hines Jr. VA hospital outside Chicago. Given the problems plaguing that VA hospital, though, the personnel reshuffle may be a distinction without a difference. May 21, 2014 1:45 PM PT

Clinton Ally Clobbered On 'Super Tuesday' Primary Night

On Tuesday, former Congresswomen Marjorie Margolies, mother of Chelsea Clinton's husband was clobbered in her bid for a comeback in Pennsylvania's Democrat primary. Despite active campaigning by Bill and Hillary and aggressive support from the money-rich Emily's List, Margolies lost to 37-year old state Rep. Brendan Boyle by a margin of 47-21 (marginal candidates rounded out the vote). The results raise questions about the Clintons' political juice ahead of the 2016 presidential election. May 21, 2014 9:32 AM PT

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