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China has, in recent weeks, been pushing for its currency, the yuan (or renminbi – the people’s currency) to become one of the world’s reserve currencies. The International Monetary Fund (IMF) has been visiting the country this week to ascertain whether the yuan is viable to be added to the currency basket – a group […]

In the latest fiasco involving Obamacare, nearly $3 billion of payments were made to either the wrong people, or in the wrong amounts. A recent Department of Health & Human Services (DHHS) Inspector General (IG) report has concluded that “the internal control deficiencies that we identified limited (the Centers for Medicare and Medicaid Services) CMS’s […]

Remember the line from the Bruce Willis movie, “The Sixth Sense”, where young Cole Sear says, “I see dead people”? Well, apparently, so does the U.S. federal government. In 2011, Medicaid payments were made to around 200 deceased individuals in 4 separate states, worth $9.6 million in total. According to a Government Accountability Office (GAO) […]

Following the bankruptcy and, therefore, closure of Corinthian Colleges, one of the U.S.’s largest for-profit educational institutions, 78,000 students are now without their higher education and the government is facing a possible bill for $200 million to cover the student loans in place. As it was the government’s decision to enforce bankruptcy proceedings against Corinthian, […]

It is predicted that the Spring 2015 Regulatory Agenda, the Administration’s biannual list of proposed new government regulations, will cost U.S. citizens over $110 billion, according to the American Action Forum. Approximately 2,300 pieces of legislation are featured, many of them concerned with “greenhouse emissions.” In particular, the National Ozone Standard, proposed by the Environmental […]

Have you ever heard of a Department of Commerce mandatory survey called a “BE-10”? Introduced and ratified by the U.S. Congress in 1976, the survey was designed for the biggest U.S. companies to reveal the extent of their business practices abroad. However, following a new piece of federal regulation hidden in the depths of the […]

The Transportation Security Administration (TSA) blatantly displayed its incompetence recently in a series of covert tests ordered by the Homeland Security Inspector General. A staggering 67 out of 70 U.S. airports (95%) failed to detect mock weapons and explosives hidden by agents as they made their way through the security areas. In one particularly alarming […]

A forthcoming U.N. resolution has proposed that developed countries will each donate 1% of their Gross Domestic Product (GDP) to the Green Climate Fund, designed to assist “underprivileged nations” in their “fight” against climate change. Under Section 96 of the proposal, these pledges will begin from 2020. The current U.S. GDP is around $17.5 trillion, […]

2014 saw U.S. citizens faced with a colossal debt of $1.88 trillion, thanks to imposed federal regulations. This works out at $14,976 for each and every U.S. household. Put into perspective, the U.S. federal regulations of 2014 would equate to being the world’s 10th largest economy – slightly smaller than Russia’s, but larger than India’s. […]

According to the Inspector General for Medicare, Medicare Part B spending could have been lowered 35% (saving $251 million) if prices for drugs like milrinone lactate and Hizentra had been updated to current standards instead of being based on decades-old, patent-protected prices. Additionally, drugs that are used to treat life-threatening conditions such as cancer, diabetes, […]