The New York Times reports that “Pfizer Reaps Hundreds of Millions in Profits From Covid Vaccine.” The pharma giant Pfizer earned revenues of $3.5 billion in the first three months of 2021, estimated to generate around $900 billion in profits. All the company had to do was create a safe drug that effectively alleviated the … Continue reading Punishing Big Pharma for Its Success Will Cost Lives
Category: Washington
It’s no secret that US businesses are struggling to find workers. Recent surveys have shown that small businesses are reporting record job openings. Many have described the phenomenon as a labor shortage. “Walk outside: labor shortage is the pervasive phenomenon,” economist Lawrence Summers recently observed at a conference hosted by the Federal Reserve Bank of … Continue reading Stossel: Stop Calling It a ‘Labor Shortage.’ It’s an Incentive Shortage
When the Centers for Disease Control and Prevention released its school reopening guidance in February, teachers unions lauded the new regulations. But one union’s plaudits likely didn’t come as a surprise to government officials, since it helped write at least two of those guidelines. The nonprofit watchdog group Americans for Public Trust, through a Freedom … Continue reading Collaboration Between CDC and Teachers Union Doesn’t Help Our Kids
With each day that passes, the number of lives lost in COVID-19-related deaths continues to tragically grow. However, in a less noticed but equally important trend, we continue to gain insight into the countless deaths caused by lockdown measures intended to stop the virus’s spread. The latest entry into this tragic account is a new … Continue reading Drug Overdose Deaths Skyrocketed to Record Levels Amid Pandemic Lockdowns, New CDC Data Show
Over the last year, much of the focus of civil liberties advocates has been on the potential scope of law enforcement–federal, state, and local–monitoring of activists protesting the murder of George Floyd and other people of color by police officers. In late May 2020, then‐Attorney General William Barr authorized the Drug Enforcement Administration (DEA) to conduct surveillance … Continue reading Military Involvement in Domestic Surveillance: Cato FOIA Lawsuit Seeks Answers
Could the hack that took down a pipeline, leaving Americans in several states with gas shortages, happen again? Absolutely. Policymakers and business leaders need to implement immediate reforms to protect Americans from future attacks. Businesses can no longer afford to not take cybersecurity seriously, and the government can help by building better tools and resources when … Continue reading 2 Actions US Must Take in Wake of Colonial Pipeline Crisis
President Joe Biden proposes to subsidize with federal tax dollars the manufacturing industry under his American Jobs Plan to “maintain our competitive edge.” The proposal would cost American taxpayers about $300 billion and would specifically aid small and minority-owned businesses, tribal communities, and rural areas. The manufacturing industry in the United States has declined for the past 40 … Continue reading Subsidizing Manufacturing Is Wrong Approach for US Companies, Workers
On January 20, President Biden issued a proclamation that the government would stop construction on the US-Mexico border wall for 60 days to determine whether land needed to be confiscated to continue the project. The 60 days came and went with no decision, and now a federal judge has handed down a court order giving … Continue reading The Biden Administration Is Breaking Its Promise Not to Seize Property for the Border Wall
Americans spent a lot of money on groceries over the past year—and it isn’t just because they were eating more meals at home. According to the Bureau of Labor Statistics, food prices jumped 3.9 percent in 2020, nearly triple the rate of inflation. Unfortunately, this trend seems poised to continue. The US Department of Agriculture … Continue reading Why Your Grocery Bills Are Going Up (And Are Only Expected to Get Bigger)
The latest national employment numbers were released on Friday. Expectations were high. A combination of vaccinations, relaxing of pandemic-related economic restrictions, and stimulus funding that passed in March were enough to have experts predicting 1 million new jobs in April. The reality was quite different—just 266,000 new jobs in April, the biggest underperformance in memory, and an unemployment … Continue reading Abysmal Jobs Report Shows Folly of Biden’s Big-Spending Agenda
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