Bank of Israel Governor Stanley Fischer is a possible candidate to head the International Money Fund but has made no final decision, according to a post on The Wall Street Journal’s financial matters blog. IMF director Dominique Strauss-Kahn, who was charged with rape in New York earlier this month, resigned the post on May 18. […]
Despite their open hostility to Israel, Iranian officials recently tried to purchase military equipment formerly owned by the Jewish state, Spanish officials have reported. A group of five Spanish businessmen and three Iranians were arrested in Spain as the former attempted to sell the latter nine Bell-112 military transport helicopters formerly used by Israel. Police […]
Canadian Prime Minister Stephen Harper proved himself to be Israel’s champion at the G8 summit last week. Despite intense pressure, Harper blocked calls to force Israel into final status talks based on the 1949-1967 Armistice lines, with land swaps. He also opposed major aid packages to Egypt and Tunisia, where continued unrest has dogged transitional governments […]
It’s not every day that a think tank wins an Emmy. But last week on John Stossel’s Fox Business program, The Heritage Foundation brought home the award for its “Saving the American Dream” plan to fix the debt, cut spending and reward prosperity. Heritage, along with five other public policy organizations, each provided long-term fiscal […]
The United States, Qatar and the World Bank each pledged to give billions of dollars in aid to Egypt this week, in order to help the country boost its economy following the ouster of former president Hosni Mubarak. U.S. President Barack Obama has promised to relieve Egypt of $1 billion in debt, and has offered […]
(Before it’s News) Anyone aware of the US Government’s real financial situation knows that time is running out. The Government has $15.5 trillion in admitted debts but those debts, when calculated under Generally Accepted Accounting Principles (GAAP), or ‘honest accounting’, is over $70 trillion. $70 trillion divided by 300 million+ Americans works out to $233,000 per […]
If you listen to Ben Bernanke, Barack Obama and the mainstream media long enough, and if you didn’t know any better, you might be tempted to think that the economic crisis is long gone and that we are in the midst of a burgeoning economic recovery. Unfortunately, the truth is that the economic crisis is […]
Mises Daily: People often ask me, “What do you think the government should do instead of QE inflation?” My stock answer is that the government should not try to fight the depression with government spending and cheap credit. Trying to stop the market from correcting the errors of the past only delays the consequences and […]
In this week’s common-sense video, David Spady discusses California Governor Brown’s use of the DMV as a political pawn in his attempt to raise taxes on Californians. Jerry Brown’s Word Games for Taxes [youtube BOSoFk8twxs nolink]
People often remember the entire decade of the ’90s as a period of robust economic growth. Economic growth was so impressive in the latter half of the ’90s, in fact, that some claim the Clinton-era tax hikes spurred the economy to prosper. But was that actually the case? Did tax hikes really lead to a […]
