China Rides to the Euro’s Rescue

American Secretary of State Hillary Clinton was reported to have remarked that it was difficult to negotiate with one’s banker in reference to America’s relationship with China. A large chunk of China’s $3,000,000,000,000 of reserves is in dollars. America’s huge indebtedness provides China with an advantage in negotiations with the United States. Of course, the […]

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How Congress Can Fight Union Corruption

Heritage Foundation Senior Policy Analyst in Labor Economics James Sherk writes: “The Obama Administration recently rolled back union financial transparency reforms. New regulations will exempt many union trust funds, such as strike funds and apprenticeship programs, from financial disclosure laws. These regulations also end financial reporting for many government unions.” According to recent polling, 66 […]

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USA – Riots and Rebellion by 2015

Trend forecaster, renowned for being accurate in the past, says…. The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table will be a more pressing […]

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UK: Violent Riots Loom as Cuts Bite

(Reuters) – The mounting intensity of riots against higher university fees suggests that more and more ordinary people may be angry enough about austerity cuts to take to Britain’s streets in coming months. Thousands of students and others laid siege to London’s government district on Thursday, producing scenes of fighting, vandalism, horseback police charges and […]

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The Omnibus Text

Majority Leader Harry Reid (D-NV) has just released an omnibus spending bill that will lock-in 2010 spending levels through the next fiscal year (ending September 30). The 1,924 page bill (pdf) contains unknown thousands of earmarks and will prevent the next Congress from making spending cuts until fiscal year 2012. Sen. John Thune (R-SD) released […]

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Side Effects: Number of Waivers Grows As a Result of Obamacare Authors’ Sloppy Handiwork

Jamie Dupree recently reported for the Atlanta Journal-Constitution that the number of waivers granted by the Obama Administration for a certain provision in the new health care law has now reached 222. That’s double the amount of just three weeks ago. The waivers apply to a provision of Obamacare prohibiting annual limits on health plans. […]

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