U.S. on Path to Becoming Fiscal ‘Banana Republic’

By: John Rossomando A prominent Republican senator who Barack Obama once considered to be his commerce secretary is warning that the administration’s fiscal policies could put the U.S. on the path to “banana republic” status. Sen. Judd Gregg, R-N.H., told CNN’s John King on Sunday’s “State of the Union” program that standards of living will […]

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Venezuela seizes a landmark Hilton Hotel

President Hugo Chavez has ordered the “acquisition by force” of a landmark Hilton Hotel on Venezuela’s Margarita island, the government’s Official Gazette announced Tuesday. The facility, on the Caribbean resort island of Margarita in Nueva Esparta state, was targeted for state takeover less than a month after it was used to host the Africa-South America […]

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Author Schweizer: Liberals Risking Global Economy

By: Chris Wessling Author Peter Schweizer says as a young lawyer in Chicago, Barack Obama played an important role in shifting the balance of power away from free-market forces – actions that continue to reverberate today. “A lot of people are familiar with Barack Obama as a community activist, but people don’t realize that he […]

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Dollar facing ‘power-shift’: analysts

The dollar’s position as the world’s leading reserve currency faces increased pressure as the financial crisis allows emerging economies greater influence on the world stage, analysts said. A report last week in The Independent claiming that China, Russia and Gulf States are among nations prepared to ditch the dollar for oil trades has heightened the […]

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Firefighters stood to lose grant to ACORN

By Audrey Hudson EDITORS’ NOTE: THIS STORY HAS BEEN CORRECTED. Nearly $1 million in Homeland Security funding typically earmarked for fire departments has been awarded to ACORN before Congress signaled that it intended to cut off federal funding to the embattled group. The grant to ACORN’s Louisiana office became public in September before the House […]

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Obama Has Lost A Valuable Thing

Posted by Dan McLaughlin So, Chicago was eliminated in the first round of bidding for the 2016 Summer Olympics, despite (I assume despite) President Obama’s personal lobbying for the Games. Now, as a New Yorker, I really would not want the Olympics anywhere near my city, and the Olympics don’t exactly have a grand history […]

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