12:11 PM, Jan 23, 2015 • By GEOFFREY NORMAN
This Washington Post headline pretty much explains that government is our business—and business is very good:
Maryland has highest rate of millionaires. D.C., Virginia aren’t far behind.
But, then, there really isn’t anything surprising here since:
Census data in 2011 found that seven of the nation’s richest counties were located in the Washington region, with Loudoun and Fairfax ranking first and second, respectively. Maryland had the nation’s highest household income, and Virginia was ninth.
The wealth in this highly educated region is indicative of an economy supported by the federal government and its contractors, which allowed the area to weather the recession better than most in the country.
How nice for them.
9:10 AM, Jan 20, 2015 • By DANIEL HALPER
Under President Obama, $7.5 trillion has been added to the national debt. The number is being highlighted by the Republican National Committee ahead of President Obama's State of the Union address, which will be delivered tonight from Washington.
10:31 AM, Dec 30, 2014 • By JERYL BIER
With the announcement Monday of a five-year, $563 million contract award to Accenture, the Healthcare.gov contractor that rescued the Obamacare marketplace after 2013's disastrous launch, the total cost of the site will well exceed $2.2 billion.
12:22 PM, Dec 26, 2014 • By GEOFFREY NORMAN
The Environmental Protection Agency has increasingly seen its mission as the regulation of … just about everything. And as its sense of mission expands the confidence of the people in its ability to do so fairly and effectively has declined.
7:40 AM, Dec 24, 2014 • By IKE BRANNON
Last week the White House released a first draft for what it ultimately intends to be a report card for the nation’s colleges. And there’s no way this effort will improve the lot of the typical college student.
12:37 PM, Dec 23, 2014 • By ELI LEHRER
When Congress headed home for the year last week without renewing the Terrorism Risk Insurance Act (TRIA) many in the real estate, tourism, and insurance business predicted disaster. The Coalition to Insure Against Terrorism—a broad grouping representing everyone from real estate investors to sports leagues—blasted the inaction.
1:08 PM, Dec 16, 2014 • By GEOFFREY NORMAN
With the price of oil plunging, the ruble crashing against other currencies, and its interest rates soaring, Russia has announced to the world that it:
12:01 PM, Dec 16, 2014 • By JERYL BIER
When President Obama visited Brisbane, Australia in November for the G-20 summit, the large U.S. delegation required multiple hotels and thousands of "room nights" for the length of the stay, though the president himself spent only one night in his hotel.
Will spend $336M over 10 years8:05 AM, Dec 10, 2014 • By JERYL BIER
In the last five years, the Department of Defense (DOD) has spent over $130 million to store unused satellites from eight different satellite programs, and plans to spend another $206 million on storage over the next five years. Storage costs for individual pieces of equipment range from $40,000 up to an estimated $120 million for one particular satellite. Costs vary depending on the amount of care needed for each satellite.
7:24 AM, Dec 9, 2014 • By JERYL BIER
Along with the primary goal of expanding the availability of health insurance, the Affordable Care Act aims to make the use of Electronic Health Records (EHR) universal. This plan actually began with the 2009 stimulus (the American Recovery and Reinvestment Act), which included the Health Information Technology for Economic and Clinical Health (HITECH) Act.
7:14 AM, Dec 8, 2014 • By JERYL BIER
President Obama stayed only one night in Australia for the G-20 summit, but the entire presidential delegation required over 4,000 rooms costing in excess of $1.7 million for the entire stay. Rooms at three different hotels were reserved for the U.S. delegation, and due to the large number of countries involved in the summit, the Australian government parceled out available hotels to each nation's delegation. The majority of the U.S.
7:34 AM, Dec 5, 2014 • By JEFFREY H. ANDERSON
In Thursday’s lead editorial, the Wall Street Journal argues that congressional “Republicans can’t win by shutting down the government”; thus, they should not attempt to deny President Obama the funding he needs to carry out his unconstitutional executive amnesty for 5 million illegal immigrants. Instead, Republicans’ “goal should be…to form coalitions with as many Democrats as possible to put pro-growth reforms on Mr. Obama’s desk,” while accepting that “they aren’t likely to overturn his immigration decree unless they take the White House.”
Awarded $1.8 million emergency contract to Verizon less than four weeks before open enrollment9:08 AM, Dec 2, 2014 • By JERYL BIER
Less than four weeks before the launch of 2015 open enrollment for Obamacare, the government agency that runs Healthcare.gov suddenly realized the Marketplace site was heading for a repeat of last year's debacle.
7:04 AM, Dec 1, 2014 • By JERYL BIER
The Food and Drug Administration (FDA) recently solicited quotes from contractors to recruit minors ages sixteen and seventeen to purchase "regulated tobacco products" on the Internet. The purchase attempts must be made from a facility located in Virginia and shipped to a P.O. Box provided by the FDA for purposes of this probe. The FDA is careful to note that the contractor must "debrief minors on the dangers of tobacco use" and that the minors "[agree] NOT to attempt to purchase tobacco products" outside of the FDA investigation.
7:38 AM, Nov 25, 2014 • By DANIEL HALPER
New York senator Chuck Schumer will head to the National Press Club in Washington, D.C. to tell Democrats to "embrace government."