Day: April 20, 2010

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In Kenya, new banking technology is paying dividends

Warren Coats writes in the Daily Caller, that some years ago, DFID—the UK Department for International Development — partnered with Vodafone to develop a secure software platform for performing a number of basic payment functions on mobile phones. These included transferring “E-Money” to anyone with a mobile phone and paying

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The free market is not to blame

Amid the frenzy of blame leveled against the “capitalist system” for the near-collapse of the world’s financial apparatus in 2008, came a sorrowful confession from Josef Ackermann, the chief executive of Deutsche Bank. With much publicity he proclaimed that he no longer believed in the self-healing capacity of the free

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Taxing the wealthy is bad news for everyone

The new US health care law will substantially increase the tax burden of high-income workers and small businesses over the next few years. The tax hikes will reduce the capital stock and discourage small business job creation – the opposite of what is needed to grow the economy, says Pamela

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US foreign aid recipients and voting at the United Nations

Since 2000 about 95 per cent of member states in the United Nations that receive U.S. assistance have voted against the United States most of the time in the U.N. General Assembly on non-consensus votes. The United States should inform aid recipients that their support – or lack of support

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The Massachusetts insurance blackout

This week it became impossible in Massachusetts for small businesses and individuals to buy health care coverage after Gov. Deval Patrick (D) imposed price controls on premiums. Under ObamaCare this kind of political showdown will soon be coming to an insurance market near you, says the Wall Street Journal.

The Massachusetts

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Still out of control? Measuring 11 years of EU regulation

How much does regulation, including legislation that originates with the European Union cost the economy of the United Kingdom? Plenty, says Open Europe, an independent think tank based in London and Brussels.

Consider:

 

Since 1998, regulation introduced in the United Kingdom has cost its economy £176 billion (about $265 billion) and 12.6

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