“Economic fairness” is expected to be the topic of President Barack Obama’s State of the Union address on Tuesday night, during which he will likely sound the same populist notes of progressivism that America heard last month in his speech in Osawatomie, Kansas. Fairness, though, is in the eye of the beholder. And in the […]
by Daniel Pipes January 10, 2012 updated Jan 21, 2012 That’s the thesis implicit to David Goldman’s analysis at “Recall notice for the Turkish model.” After dubbing the Turkish economy a bubble that “is bursting, starting with the stock market and national currency,” he makes this observation about the prime minister: Erdogan has the weirdest […]
As President Obama has hastily drawn down forces in Iraq and Afghanistan to meet arbitrary timelines, he has taken the opportunity to ramp up rhetoric on a strategic military shift to the Asia–Pacific region. He recently made it clear in the new defense strategy guidance that military focus will be directed toward emerging threats in […]
According to economist John Williams of Shadow Government Statistics, the unemployment rate for the month of December 2011 was closer to 22.4 percent–not the 8.5 percent reported by the Bureau of Labor Statistics. Obama’s 8.5% is far removed from reality. To get closer to the real number, we must consult the (U6) figure that is […]
On Wednesday, president Obama rejected the TransCanada’s permit application to construct a 1,700-mile pipeline from Alberta, Canada, to Texas refineries. Join us on Friday from 12-1 for our “Lunch with Heritage” chat. We will be joined by Heritage’s energy expert Jack Spencer. He will be taking your questions about why the decision was made, what the […]
Iranian Ambassador to South Korea Ahmad Masoumifar on Wednesday said there is a high demand for Iran’s crude oil supplies and Tehran has no problem maintaining exports. Masoumifar also shrugged off Iran’s shrinking pools of customers, saying “we (Iran) are producing about 80 million barrels [of oil] and there is demand for about 90 million.” […]
Clearly, the impact of President Obama’s proposal to consolidate parts of six trade agencies is tiny in comparison to the government’s $3.5 trillion in spending or its trillion-dollar-plus deficits. But if—and that is a big if, depending upon not-yet-available details—it represents a genuine step toward smaller, less costly, and more effective government, it would be […]
Is Walmart the Reincarnation of the East India Company? By Ranbir Singh The recent furore against allowing Wal-Mart and other western multinational companies into India ’s lucrative retail sector is based upon fears that it will bankrupt the small retails who have been at the hub of that country’s consumer sector. There are fears […]
Newt Gingrich’s latest campaign ad is the former House Speaker’s “food stamps” answer taken directly from Monday’s debate in South Carolina. Called “The Moment,” the ad hopes to build on Gingrich’s fiery performance in which he at one point received a standing ovation from the crowd. “More people have been put on food stamps […]
The batch of downgrades on European credit, delivered over the weekend by Standard Poor’s ratings agency, prompted angry threats that Europe would have to create its own ratings agencies to bypass the American ratings agencies. The downgrades made yesterday’s credit and recovery plan calculations obsolete by increasing the cost of borrowing for nine European countries. […]
