How’s that Russia “reset” going? Not so well, as the news this week shows. In addition to blocking tougher sanctions on Iran for its illicit nuclear weapons activities after a damaging report by the U.N.’s watchdog, Russia is “studying” building more reactors at Iran’s Bushehr nuclear power plant. Recently, Speaker of the House John Boehner […]
Armed Forces of the Philippines investigators inspect the site of a bomb blast in Cotabato City, southern Philippines August 2, 2011. Suspected Muslim militants believed to be associated with the Jemaah Islamiyah group bombed a gun store in Cotabato City, killing two people and injuring nine others on the second day of Islam’s holy month […]
“Occupy Wall Street” protesters claim to be fighting for the disenfranchised members of Main Street America. But their protests are exacting a significant toll on businesses in the cities where they have set up camp. Oakland has been hit hardest. A week after “Occupy” protesters there rioted, vandalizing local businesses and clashing with police, city merchants say […]
The left continues to resist any suggestion of spending cuts right now. In their view, a depressed economy is no time to slash spending; that would only further weaken demand. The successful austerity policies adopted in response to the downturn of 1920, however, offer a clear rebuttal to this notion. And this is not an […]
It was no coincidence that “Atlas Shrugged Part 1” made its box-office debut on tax day, April 15, earlier this year. So it was only appropriate that the DVD release would fall on Election Day. Harmon Kaslow, the movie’s producer, visited Heritage’s Bloggers Briefing today to talk about the film and preview “Atlas Shrugged Part […]
The Legatum Institute has just released its 2011 Prosperity Index. The index has a number of strengths, topped by the versatility of its supporting Web site. But Legatum has trumpeted an inaccurate finding that China has eclipsed the U.S. on the narrow economic dimension of its measure of prosperity. This finding demonstrates the problems with […]
The Census Bureau’s new poverty measure is another tool in President Obama’s endless quest to “spread the wealth.” Although the media portray it as a more accurate measurement of poverty, in reality it deliberately severs all connection between “poverty” and actual deprivation. The new measure places income thresholds for poverty on a built-in escalator that […]
Recently, the Congressionl Budget Office (CBO) released its latest statistics on income inequality. Economists, bloggers and others have been furiously debating their implications. Over at the American Enterprise Institute, Jim Pethokoukis has been bludgeoned by various left-wing bloggers for pointing out that the story of growth of income inequality is much more complicated than the […]
Greece continues to dominate the headlines as the country faces an increasingly dire economic situation and now political uncertainty as well. Prime Minister George Papandreou plans to resign once an interim government is formed, but there’s no telling if the political leadership will be able to avoid expulsion from the euro zone. Greece’s troubles might […]
With its November 23 deadline fast approaching, the “super committee” created by the Budget Control Act is back in the news, and it is still grappling with its mandate to find $1.5 trillion in deficit reduction savings. One of the ideas being bandied about is a continued call to raise taxes in order to reduce the […]
