- The Federal Reserve is holding an international conference of central bankers to reassure themselves that their “easy-money policies” are working and won’t cause too much inflation this time.
- The IRS is ramping up audits of the most successful people in the economy. If you make more than $5 million in a year, you can pretty much expect a time-consuming audit.
- “Federal regulators are preparing a drive to tell workers at nonunionized businesses they have many of the same rights as union members, a move that could prompt more workers to complain to employers about grievances ranging from pay and work hours to job safety and management misconduct.”
- “The Department of Energy has placed nearly one-third of its clean-energy loan portfolio on an internal ‘watch list’ for possible violations of terms or other concerns, according to a copy of the list obtained by The Wall Street Journal, highlighting how such concerns have spread beyond the now-bankrupt Solyndra LLC.”
- The European Union is beefing up its permanent bailout fund to keep failed businesses alive.
- States are circling Amazon and other online retailers, about to pounce with new taxes.
- The Labor Department has “stepped up pressure” on PulteGroup, demanding thousands of records on its contracts with employees and subcontractors.
Sunday, March 25, 2012
A day in the life of the American economy
If you've ever asked yourself "Why Is the Recovery Slow?", David Boaz says that "one day’s stories about new government assaults on wealth creation and new political transfers of wealth" might provide the hint to the answer: