TEHRAN, Iran — Iran has halted oil shipments to Britain and France, the Oil Ministry said Sunday, in an apparent pre-emptive blow against the European Union after the bloc imposed sanctions on Iran’s crucial fuel exports. The EU imposed tough sanctions against Iran last month, which included a freeze of the country’s central bank assets […]
Iceland is in a true recovery, the their bond rating was raised in a world where everyone’s is being down graded. They let their banks fail and let losses be recognized by those who made the bad bets. They didn’t saddle their citizens with billions (trillions being the U.S. equivalent) of losses. They let capitalism […]
By Friday, February 10th of this month 500 Europeans had died from the freezing weather gripping the continent. This is the price they and British citizens are paying for embracing the global warming hoax, spending billions for wind power when they should have been building coal-fired and other sources of energy to heat their homes […]
Number of the day 88 million That’s how many working-age Americans don’t have a job and aren’t trying to find one anymore. The increase in people dropping out of the labor market altogether skews the otherwise-positive unemployment numbers released last week. While the jobless rate fell to 8.3 percent in January – a three-year low […]
Yesterday, the House Oversight and Government Reform committee held a full committee hearing on the Obamacare anti-conscience mandate’s unprecedented violation of religious liberty, hearing testimony from leaders of faith-based organizations directly affected by the rule’s serious governmental overreach. As early as next August, affected organizations will be forced to either violate their beliefs by paying […]
Echoing the findings of The Heritage Foundation’s 2012 Index of Economic Freedom, the latest edition of The Economist sums up well the current status of America’s business environment: The home of laissez-faire is being suffocated by excessive and badly written regulation.… The problem is not the rules that are self-evidently absurd. It is the ones […]
We need to follow Greece because their default and withdrawal from the eurozone would set off major consequences to the European Monetary Union, and thus the EU, that are unforeseeable. A default would impact Greek banks who are major lenders to the government, as well as major German, French, and Belgian banks. These defaults would […]
This week, the White House announced its plan to boost taxpayer-funded subsidies for “green” energy vehicles like the Chevy Volt, offering buyers a $10,000 tax incentive to help tickle their buying bone. On Monday, White House economic adviser Gene Sperling described the subsidy, and ironically enough, market forces seem to be his favorite part of […]
At this point in the Eurozone crisis, the only responsible thing for European leaders to do is to develop contingency plans that will minimize the economic fallout in Europe when—not if—Greece defaults. Economic figures released today for the fourth quarter of 2011 paint a bleak picture for the already embattled Eurozone. Italy and the Netherlands, […]
The Greek Parliament was ringed by firebombs, and a venerable movie theater was left a blackened shell. The Greek Prime Minister Lucas Papdemos appealed to the parliamentarians to vote for the severe austerity measures including a 22 percent cut in the minimum wage, an axe to pensions and firings in the civil service. He warned […]
