The federal agency tasked with investigating allegations of discrimination in consumer financial transactions was accused of discriminatory treatment of its own employees in a House Financial Services Committee hearing on Wednesday. Angela Martin, a senior enforcement attorney with the Consumer Financial Protection Bureau (CFPB), alleged that a ring of managers within the CFPB favors men […] READ MORE
Another Fatal Shooting At Fort Hood
Less than five years after an Army psychiatrist went on a shooting rampage at Fort Hood, the military base has been shaken by another shooting. Nidal Hasan, convicted in the Nov. 5, 2009, tragedy that left 13 dead and 31 wounded, was sentenced to death by a military jury in August 2013. Prosecutors had sought […] READ MORE
Data Confirm: Earthquakes Not Good for Boosting Output
Tyler Cowen links to a paper by Johannes Wieland. The following excerpt from the paper should give you some insight into the state of formal economics: Standard sticky-price models predict that temporary, negative supply shocks are expansionary at the zero lower bound (ZLB) because they raise inflation expectations and lower expected real interest rates, which […] READ MORE
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Despite harsh weather, home prices in the U.S. held up in February, with four states setting record highs, according to CoreLogic data released Tuesday. Home prices in Colorado, Nebraska, North Dakota and Texas hit peaks, and another 18 states were within 10% of their peak prices (see the above chart from CoreLogic). Factors driving home […] READ MORE
Sniper’s Accuracy And Creative Thinking Prevent Terrorist Attack
Talk about biting the bullet! Or, getting the biggest bang for your buck. During a December 2013 operation in Afghanistan, a British sniper killed six Taliban fighters with a single bullet. British and Afghan forces were attacked by 15-20 Taliban fighters during a mission in southern Afghanistan. One of the men was wearing an explosive […] READ MORE
Video: Pelosi Won’t Make Obamacare Central Part of Reelection Campaign
While Democratic House Minority Leader Nancy Pelosi took an Obamacare victory lap Tuesday afternoon, she appeared hesitant to make the law the central plank in her party’s push to win in 2014, telling reporters that “while we’re proud of the Affordable Care Act, we now pivot to jobs.” Pelosi appeared in front of the White […] READ MORE
How to Give Away a Billion Dollars
Yesterday, I wrote an article about the difficulties associated with giving away $1 billion in a 12-month period. I said that I would deal today with how I would do it. Here’s how I would do it. In giving away money, I want to get the most bang for my buck. That phrase comes out […] READ MORE
Student Fed Up With Common Core Gives Smart Answer To Math Problem
The litany of frighteningly stupid Common Core math worksheets never ends. Perhaps now, though, kids are starting to fight back in satisfyingly creative ways. An alert reader sent The Daily Caller this image of her seven-year-old son’s perfectly reasonable homework answer. The boy attends a public elementary school in San Jose, Calif. He is in […] READ MORE
Video: Kathleen Sebelius Speechless After Being Told Obamacare Isn’t Popular in OK
Health and Human Services Secretary Kathleen Sebelius responded with deafening silence when a KWTV-TV reporter explained to her how unpopular Obamacare is in Oklahoma. “At last check, 64 percent of Oklahomans aren’t buying into the health care plan, they don’t like Obamacare, and they’ve been pretty vocal about it,” the reporter said. “Now that’s going […] READ MORE
What Would You Do With a Billion Dollars to Give Away?
The following exercise will give you a way to examine what you really think about the world around you, and how to improve it. Let me sketch a plausible though highly unlikely scenario. A billionaire is told by his physician that he has a terminal disease. He is going to be dead in 18 months. […] READ MORE
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