Julie Crawshaw To the growing number of China bears, add Kynikos hedge fund manager Jim Chanos, who is reportedly shorting the entire Chinese economy. Chanos, among the first to see through Enron’s web of accounting tricks, told Politico.com he sees a similar situation evolving in China — starting with the fact that the $4.3 trillion […]
Federal prosecutors took steps Thursday to seize four U.S. mosques and a Fifth Avenue skyscraper owned by a nonprofit Muslim organization long suspected of being secretly controlled by the Iranian government. In what could prove to be one of the biggest counterterrorism seizures in U.S. history, prosecutors filed a civil complaint in federal court against […]
By Aaron Klein JERUSALEM – The White House has not released any official photos of Prime Minister Benjamin Netanyahu’s meeting this week with President Obama – just one of several signs indicating a rift between the two leaders. Netanyahu arrived in the U.S. last weekend to address a convention of Jewish leaders. The prime minister’s […]
Gene J. Koprowski Economists who have the Obama administration’s policy-making ear simply do not believe that higher marginal tax rates will retard economic growth, writes economist Irwin Stelzer. Writing in the The Weekly Standard, Stelzer explains that the administration is flirting with such things as a 60 percent rate on the incremental income of high […]
Denmark has increased by tenfold the amount of money offered to immigrants who return home permanently to 100,000 kroner ($20,000), officials said on Monday. The centre-Right minority government reached an agreement with its key ally, the far-Right Danish People’s Party (DPP), on the issue late on Sunday as part of their 2010 budget negotiations. A […]
In separate speeches, Janet Yellen, president of the Federal Reserve Bank of San Francisco, and Dennis Lockhart, president of the Federal Reserve Bank of Atlanta, warned that rising unemployment could crimp consumers, restraining the recovery. Consumer spending accounts for about 70 percent of economic activity. That’s because there is no real economic recovery at all. […]
Obama Administration figures deliberately understate economic downturn The true rate of unemployment for October 2009 may be 22.1 percent, not the 10.2 percent reported by the Bureau of Labor Statistics, Jerome Corsi’s Red Alert reports. Unemployment at 22.1 percent, if accurate, would be at numbers not seen since peak unemployment during the 1973 to 1975 […]
By Dr. Paul Kengor President Obama says the economy is the worst since the Great Depression. Actually, it is the worst since the Reagan recession of 1982-83. Further, the 2009 market crash is not the worst since 1929 but since 1987—also on Ronald Reagan’s watch. What did Reagan do—or, more importantly, didn’t do—in response to […]
Major Nidal Malik Hasan worshipped at a mosque led by a radical imam said to be a “spiritual adviser” to three of the hijackers who attacked America on Sept 11, 2001. Hasan, the sole suspect in the massacre of 13 fellow US soldiers in Texas, attended the controversial Dar al-Hijrah mosque in Great Falls, Virginia, […]
By: Tawfik Hamid An army psychiatrist’s alleged slaughter of 13 people and wounding of another 30 at Fort Hood, Texas, raise critical issues related to radical Islam. Maj. Nidal Malik Hasan, an American Muslim who had counseled troops, allegedly made the comment “Allah Akbar — Arabic for “God is great!” — before he killed his […]
