August 28, 2014 at 10:05 pm
Charles Krauthammer has a pretty good column about President Obama, Warren Buffett, and corporate taxes.
August 27, 2014 at 10:04 pm
Raising inflation as an issue is newly controversial on the right, so it is interesting to see the Republican leader in the House of Representatives, Kevin McCarthy, weigh in with a blog post headlined, "Higher Food Prices Set To Hit All Families." The post says, "it's not just food. The costs of clothing, child care, and education are all going up as well."
August 27, 2014 at 4:58 pm
Via Tax Prof Paul Caron comes the news of a decision by the federal tax court requiring a taxpayer to report as income the value of Citibank "Thank You" points — a bonus for opening a new account — that were converted into a free airline ticket.
August 27, 2014 at 4:54 pm
Toward the end of a news article about Warren Buffett's hypocrisy for investing in the Burger King - Tim Hortons tax inversion, Bloomberg News reports:
The roll call for the amendment, which passed 221-200, is here; the other Republican "ayes" included Barton, Issa, Mica,and Ros-Lehtinen. The text of the amendment is not so easy to find online but similar text is here.
August 26, 2014 at 8:37 am
The role of antitrust regulators in preventing Family Dollar from accepting a higher priced takeover offer from Dollar General instead of a lower offer from Dollar Tree is the topic of my column this week. Please check it out at the New York Sun (here), Reason (here), and Newsmax (here).
August 22, 2014 at 8:53 am
From a Los Angeles Times account of how the family and employer of slain reporter James Foley had been trying to raise cash to meet a ransom demand by the terrorists who were holding him captive:
The market for this insurance seems like a fine topic for further journalistic exploration. Can an American company get around American laws against transferring money to terrorist organizations simply by contracting with an insurance company to do it for them?
August 22, 2014 at 8:42 am
Bloomberg News has an article critical of Warren Buffett's Berkshire Hathaway for failing to meet federal filing requirements:
August 20, 2014 at 2:11 pm
A series of recent articles highlight problems with health care. NPR has a story and the New York Times has a review of the new book Doctored: The Disillusionment of an American Physician, by Sandeep Jauhar, which discusses "unnecessary testing" and "uncoordinated care." Reuters has an article about how "a growing number of doctors simply are not taking contracts with insurance companies," including "45 percent of psychiatrists."
August 19, 2014 at 1:49 pm
Carl Icahn has a statement out about Dollar General's bid for Family Dollar: "At too many companies in America the hubris of the CEO, supported by a crony Board, costs shareholders billions of dollars, and worse, it costs our economy even more."
August 19, 2014 at 1:37 pm
Libertarian (or classical liberal) law professor Richard Epstein has a good answer to Paul Krugman's criticism of libertarianism in regard to pollution, the Food and Drug Administration, and the Department of Motor Vehicles:
August 19, 2014 at 1:25 pm
August 19, 2014 at 1:15 pm
The Washington Post takes a look at Medicare fraud involving electric wheelchairs and scooters:
The story concludes:
August 19, 2014 at 1:02 pm
The health plan advanced by the Manhattan Institute's Avik Roy, which stops short of a full repeal of ObamaCare, is the subject of my column this week. Please check it out at Reason (here) and at Newsmax (here).
August 13, 2014 at 2:29 pm
Avik Roy, a senior fellow at the Manhattan Institute who was a health care policy adviser to Mitt Romney in 2012, is out with a new health reform plan that stops short of a full repeal of ObamaCare. A Manhattan Institute summary is here; the full report is here; and National Review articles about it are here and here. I'll have more to say about it later; for now, suffice it to say there are some elements of it that I like and other elements of it that I don't like.
August 12, 2014 at 1:18 pm
Charles Lipson's column in the Chicago Tribune concludes:
There will be an argument over what qualifies as "essential," but the rest of the column is some help with that. Professor Lipson teaches political science at the University of Chicago.
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