Jan 24, 2020 | State News
Houston was rocked by a large explosion in the early dark hours of Friday morning, which could be felt for miles across the city, when a manufacturing facility in the northwest erupted in a massive fireball.
Read MoreJan 24, 2020 | National News
What feeling do you have when you hear IRS? Is there a sick feeling in the pit of your stomach or do you just roll your eyes knowing that April 15th will be here all too quickly? Throw in the word audit and emotions and blood pressure can reach levels you never dreamed of. The IRS audit data reveals 10 trends from the past decade that have become the new realities for current state of IRS audits.
Read MoreJan 24, 2020 | Business & Economy
The laser-like focus on consumer spending as the driver of economic health is largely the result of the government’s premiere measure of the economy: the Gross Domestic Product (GDP). Significant flaws in how GDP is measured, however, not only make it a misleading indicator, but have led to erroneous conclusions about what makes the economy tick. Such errors lead to extremely costly and damaging public policies.
Read MoreJan 24, 2020 | Politics
Meet the Spendthrifts; an American family who spends a lot more money than it earns each year. Last year, the Spendthrifts made just over $34,000 but spent more than $44,000. Nearly $10,000 of their spending came from borrowing—they put the excess spending on their credit cards. The problem is that their credit card debt was over $215,000 at the start of the year, bringing it to over $227,000 at year-end. Oh, and they weren’t making any monthly credit card payments. But the Spendthrifts are not an actual family. Rather, they represent the federal government, just add nine more zeroes to all the above numbers and you end up with the federal budget and debt as of September 28, 2019.
Read MoreJan 24, 2020 | Politics
The US Senate is increasingly targeted by left-wing think tanks and legislators for the fact it is based on “voter inequality.” According to critics, the Senate ensures small states are “overrepresented,”and the body favors voters in smaller and more sparsely populated states. In contrast, reformers hold up the concept of “one man, one vote” as an ideal and a solution. But, is it?
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