The fundamental point about income inequality is that all income groups have made solid economic gains over the past few decades, and nothing in a recent piece responding to my post on income inquality, indicates otherwise. In the opening paragraph, Mr. Mitchell states that questioning why income inequality matters if all income levels are gaining is “a […]
Last week, the Russian Deputy Prime Minister Sergey Ivanov caused a stir among the U.S. and European proponents of missile defenses. Talking about the Obama Administration’s recent proposal for the Russian participation in the Phased Adaptive Approach, a missile defense plan for Europe and the United States, Ivanov bluntly stated that the Russian Federation “insist[s] […]
As Tax Day arrives, families across the country are reluctantly pulling out purses and wallets to cut a hefty check to Uncle Sam. While the annual pain of paying federal income taxes is far from pleasant, married families can take comfort in the fact that they are probably better off financially than their single counterparts. […]
China announced its economic results for the first quarter this morning. GDP was said to grow a strong 9.7 percent, while consumer inflation reached a worrisome 5 percent. Frankly, most Americans shouldn’t care that much. China’s economic importance is being overstated now, and even its considerable economic potential is sometimes overstated. The PRC is much […]
Pakistan is reportedly calling for a reduction in U.S. drone missile strikes against terrorists sheltering in its tribal border areas, greater transparency from the CIA regarding its counterterrorism activities inside Pakistan, and a reduction in U.S. military trainers in the country. Following a meeting in Washington between the director of Pakistan’s intelligence service, Shuja Pasha, […]
Today, President Obama announced $400 billion in defense cuts between now and 2023. But in reality, defense budgets have already been cut, are being cut now, and will be cut even further in the future. And it’s happening at the expense of national security. He specifically referenced $400 billion in defense “savings” found to date […]
Today we celebrate the birthday of the man who united the colonies with mere parchment and pen. As we remember the legacy of Thomas Jefferson, we commemorate the document that embodies the principles of America. At the age of thirty-three, Thomas Jefferson accepted the challenge of writing the Declaration of Independence. John Adams insisted that […]
Obamacare will cost Americans trillions of dollars in the decades to come. To help pay for its new coverage provisions, the plan makes sweeping cuts to Medicare. But as it turns out, serious doubts exist about the likelihood of these cuts actually occurring, and evidence has already shown that lawmakers may shy away from some […]
The Civil War began one hundred and fifty years ago today, when Confederate soldiers fired on the Union-held Fort Sumter in South Carolina. Tensions were high in the months prior to the battle at Fort Sumter, as President Abraham Lincoln took the oath of office and seven southern states seceded. To discuss the Civil War, […]
Early this morning, former president of Côte D’Ivoire Laurent Gbagbo was finally forced out of power. Seeking refuge in the bunker of his Abidjan residence, opposition forces and international peacekeepers took the African strongman into custody. Although there are conflicting reports as to who actually arrested Gbagbo, one thing is certain according to Susan Rice, […]
