Analysis: Portugal the Next Financial Domino

Once upon a time there were five European PIIGS (Portugal, Ireland, Italy, Greece and Spain) who were considered to be living in a financial structure made out of straw or wood. Along came the big bad credit markets that threatened to collapse that threatened financial structure by making debt refinancing too prohibitive. The more responsible […]

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The Government Spending Threat to Economic Freedom; USA Now “Mostly Free”

This morning, The Heritage Foundation and The Wall Street Journal released the 2011 Index of Economic Freedom, and while the news is good for many countries, it is depressing for the United States. All told, 117 countries, mainly developing and emerging market economies, improved their Economic Freedom Index score. Meanwhile the U.S. dropped to 9th […]

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Report: Soda Tax Chases Jobs Out of Baltimore

(CNSNews.com) – The Pepsi plant in Baltimore will no longer make soda, and the company plans to lay off 77 people — a decision blamed in part on a controversial new beverage tax in the city, the Baltimore Sun reported on Tuesday. Kristine Hinck, a company spokeswoman, cited the 2-cent tax on bottled beverages passed […]

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China Test Flies Stealth Fighter

Hours before Secretary of Defense Robert Gates landed in China, the Chinese People’s Liberation Army Air Force (PLAAF) staged a test flight of its new stealth fighter, possibly termed the J-20. In some quarters, it is being argued that this flight was deliberately scheduled to upstage the American visit. In the mystery that is Chinese […]

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The United States Needs Fair Referees for International Disputes

Last night’s BCS Championship game pitted the Auburn Tigers from the Southeastern Conference (SEC) against the Oregon Ducks from the Pac-10. To guard against biases that could have influenced the game’s outcome, officials were provided by the Big 10. If football-crazed fans from Auburn and Oregon can understand why referees from the SEC and Pac-10 […]

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Sudan: Charting the Course Ahead

“You know, my people told me I should never meet with you,” Sudan’s President Omar al-Bashir told Richard Williamson, former U.S. special envoy to Sudan, during the Bush Administration. Clearly, it’s no easy task conducting diplomatic relations with Khartoum’s government. Yet two days from the referendum that will likely split north and south, the international […]

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Deep-Water Drilling Permits Down 88% in Gulf Since Obama Lifted Moratorium

This week’s announcement that 13 oil companies can resume activity in the Gulf of Mexico provided some hope the Obama administration might finally begin to approve drilling new permits. It couldn’t come soon enough. Since the administration’s drilling moratorium was lifted in October, deep-water permit issuance is down 88 percent with only two new permits […]

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