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Republican House panel head Brady says to move on to tax reform: Fox

Reuters US Politics - Fri, 03/24/2017 - 16:58
WASHINGTON (Reuters) - House of Representative Ways and Means Committee chairman Kevin Brady said on Friday that following the withdrawal of a healthcare law the Republican agenda would be to move quickly to craft a tax reform bill.

Running Out of Arguments, Gorsuch Critics Scream "Sexist"

RealClearPolitics - Fri, 03/24/2017 - 16:29
Cathy Young, The Hill
They believe, with some justification, that a Supreme Court seat was stolen from them when Republicans in Congress explicitly chose to stall the nomination of Judge Merrick Garland for nearly a year to wait out the election. They also believe that, despite Judge Gorsuch’s excellent qualifications, his judicial philosophy which emphasizes following the intent of the law even if leads to an undesirable outcome is at odds with true justice, especially for the disadvantaged and the less powerful.

Yemenis of America: Stories from the diaspora

MiddleEasteye - Fri, 03/24/2017 - 16:28
Language Undefined

Project on Yemeni American stories aims to dispel misconceptions of immigrants in the US

EBay founder Omidyar to leave PayPal board

MarketWatch Market Pulse - Fri, 03/24/2017 - 15:53

EBay Inc. founder Pierre Omidyar on Monday informed PayPal Holdings Inc. he won't stand for re-election to the payment company's board, PayPal said in a filing Friday. Omidyar's term expires at the company's shareholder meeting later this year. Omidyar's decision "was not a result of any disagreement with the company," PayPal said. PayPal, spun off from eBay in 2015, held last year's annual meeting in May and so far does not appear to have scheduled its 2017 meeting. Shares of the company were flat in late trading after ending the regular session down less than 0.1%.

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Exclusive: Venezuela increased fuel exports to allies even as supply crunch loomed

Top Reuters News - Fri, 03/24/2017 - 15:35
HOUSTON/CARACAS (Reuters) - A gasoline shortage in OPEC member Venezuela was exacerbated by an increase in fuel exports to foreign allies such as Cuba and Nicaragua and an exodus of crucial personnel from state-run energy company PDVSA, according to internal PDVSA documents and sources familiar with its operations.

S&P 500 and Dow finish lower as Republicans withdraw health-care bill

MarketWatch Market Pulse - Fri, 03/24/2017 - 15:06

U.S. stocks ended mostly lower on Friday as House Republicans withdrew the American Health Care Act after determining that they did not have enough votes to pass the bill. The withdrawal is a major setback for President Donald Trump who had made the repeal and the replacement of the existing Affordable Care Act one of his main campaign pledges. The S&P 500 dropped 1 point to close at 2,344, down 1.4% for the week. The Dow Jones Industrial Average fell 57 points, or 0.3%, to end at 20,599 for a weekly decline of 1.5%. The Nasdaq Composite bucked the trend to rise 11 points, or 0.2%, to close at 5,828 but finished out the week 1.2% lower.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

An Obama Decree Continues to Make Public Schools Lawless

RealClearPolitics - Fri, 03/24/2017 - 15:00
Jason Riley, WSJ
To improve education, allow teachers to administer discipline regardless of race.

Betsy DeVos's "School Choice" Fallacy

RealClearPolitics - Fri, 03/24/2017 - 15:00
Graham Vyse, The New Republic
As Senator Patty Murray tells it, Luke was a middle-school boy who used a private school voucher program to attend Manatee Learning Academy in Bradenton, Florida. He did well at Manatee, but when he tried to switch schools for tenth grade, he realized his credits wouldn’t transfer since Manatee—unbeknownst to him and his family—lacked accreditation.

Gorsuch's Views on Women Disqualify Him

RealClearPolitics - Fri, 03/24/2017 - 14:58
Nan Aron, Huffington Post
On January 21, 2017, over four million people marched in more than 600 U.S. cities and over 80 countries across the world to express growing alarm over the persistent inequality and increased hostility faced by women. The Women’s March, in some ways, was a direct response to the election of Donald Trump, a man who has bragged about sexually assaulting women and has made so many degrading comments about women that it is impossible to include them all here. At a time when it is critical for all Americans to stand up for women’s rights, President Trump has nominated a man to the...

In Feinstein vs. Gorsuch, Originalism Wins

RealClearPolitics - Fri, 03/24/2017 - 14:55
Ben Boychuk, Sacramento Bee
Neil Gorsuch is no Robert Borkâ??to the great chagrin of the Senate Democrats who are trying to block his confirmation to the U.S. Supreme Court. Thirty years ago, Senate Democrats derailed Bork's nomination, claiming the judge's judicial philosophy of judicial restraint was well beyond the mainstream. Today, Democrats are looking for any reason at all &

The Problems With Originalism

RealClearPolitics - Fri, 03/24/2017 - 14:54
Ken Levy, New York Times
Originalism is just one of the theories that Judge Gorsuch shares with the late Justice Antonin Scalia; another is its closely related cousin, textualism. Textualism says that when interpreting the Constitution, judges should confine themselves to the words of the Constitution. Originalism says that if the words are at all unclear, then judges need to consult historical sources to determine their meaning at the time of ratification, and the correct application of these words to new cases should clearly follow.

Trump Was Right After All About Obama Admin Wiretaps

RealClearPolitics - Fri, 03/24/2017 - 14:54
Jonathan Turley, The Hill
On the 40th anniversary of the publication of The Shining, Stephen King must be wondering if Washington is working on its own sequel. For the last couple months, Washington has been on edge, like we are all trapped in Overlook Hotel with every day bringing a new “jump scare,” often preceded by a telltale tweet. Indeed, a Twitter whistle has replaced suspenseful music to put the entire city on the edge of their seats.

Is Political Gravity Finally Sinking Donald Trump?

RealClearPolitics - Fri, 03/24/2017 - 14:54
Andrew Sullivan, New York Magazine
Is he waving or drowning? Swimming or sinking?

Sand in the Gears: The Caucus That Says No

RealClearPolitics - Fri, 03/24/2017 - 14:53
Fred Barnes, Weekly Standard
Before Republicans captured Washington, the unyielding conservatives in the House Freedom Caucus were a nuisance. Now, with the GOP in control of the House, Senate, and White House, they're a roadblock to success.There's a simple reason for this: They insist on what cannot be achieved. Anything short of that, such as the bill to repeal and replace Obamacare, triggers fierce opposition by the group's thirty or so members. And if they stick together, they can prevent Republican legislation from passing, as they did at least initially in the case of killing Obamacare.That's not all. The Freedom...

In a Do-or-Die Moment, Republicans Come Undone

RealClearPolitics - Fri, 03/24/2017 - 14:52
Dan Balz, Washington Post
Thursday was supposed to be a glorious anniversary for President Trump and the Republicans. Seven years after President Barack Obama signed the Affordable Care Act, Republicans were poised to take the first concrete step toward repealing and replacing that law. Instead, Thursday produced an embarrassing setback that left the way forward far from certain.

Untapped Revenue: Another Reason to Drill

RealClearPolitics - Fri, 03/24/2017 - 14:51
Moore & Coleman, Weekly Standard
One of President Donald Trump's most urgent policy priorities is to cut taxes for businesses and workers. It's a promise that Republicans must fulfill if they want to restore American prosperity. But the tax planâ??which one of us, Moore, helped writeâ??has a $2 trillion to $4 trillion revenue shortfall over the next 10 years. Faster job and GDP growth, both spurred by those tax cuts, will help halve that gap. But where will the rest of the revenue come from to make sure the GOP doesn't blow an even bigger hole in the budget deficit? That's an issue Republicans aren't even close to...

Wall Street 'fear gauge' touches highest level since November amid drama over health-care bill

MarketWatch Market Pulse - Fri, 03/24/2017 - 14:49

A popular measure of implied volatility on Friday hit its highest level since November, as the likelihood of a key health-care vote came into question. The CBOE Volatility Index, also known as the VIX , , jumped nearly 7% to 14.16 on Friday, pushing it above its 200-day moving average of 13.54 for the first time since December. The spike in the VIX caps six consecutive days of advances in the gauge. The VIX measures market expectations for volatility over the next 30 days. The rise in the "fear gauge" comes as stocks faced choppy afternoon trade, with the Dow Jones Industrial Average falling by as much as 100 points before recovering some of those losses later. The blue-chip gauge is off 0.1% at 20,635, the S&P 500 is down 0.1% at 2,348, while the Nasdaq Composite Index , bucking the trend, was up 0.4% at 5,842.

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Ryan to hold news conference at 4 p.m. Eastern

MarketWatch Market Pulse - Fri, 03/24/2017 - 14:38

House Speaker Paul Ryan will hold a news conference at 4 p.m. Eastern, his office announced. The event comes as Republicans were planning to vote on their health-care bill Friday afternoon and reports said the bill has been pulled.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

One More Flaw in Conservative Health Care Reform

LibertarianInstitute - Fri, 03/24/2017 - 14:36

Conservatives oppose federally mandated health insurance benefits (maternity, etc.), but they favor states having the power to mandate such benefits, which they already have. But conservatives (e.g., the Heritage Foundation) say they also favor a nationwide insurance market, that is, competition across state lines, which is not the case today.

The problem is that you cannot have free competition nationwide and state-mandated benefits. Would someone who lives in a state with lots of mandates be free to buy a basic catastrophic policy from a company in a no-mandate state? If not, then there is no nationwide market. If so, then the mandates aren’t really mandates.

The post One More Flaw in Conservative Health Care Reform appeared first on The Libertarian Institute.

One More Flaw in Conservative Health Care Reform was first posted on March 24, 2017 at 1:36 pm.

Virginia court rules for Trump in travel ban dispute, order still halted

Top Reuters News - Fri, 03/24/2017 - 14:09
(Reuters) - A U.S. federal judge in Virginia ruled on Friday that President Donald Trump's travel ban was justified, increasing the likelihood the measure will go before the Supreme Court as the decision took an opposing view to courts in Maryland and Hawaii that have halted the order.