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 […]
Palestinian Authority Chairman Mahmoud Abbas has announced his decision to build new homes specifically meant for the terrorists who were released in the Shalit prisoner exchange deal. Israel has already freed 477 terrorists in the first part of the deal, and an additional 550 are to be released in the second phase. According to Saturday’s […]
The office of French satirical magazine Charlie Hebdo was badly damaged by a firebomb on Wednesday, after it published a spoof issue “guest edited” by the Prophet Muhammad to salute the victory of the Islamist party in Tunisia’s elections. The magazine had announced a special issue for publication, renamed “Charia Hebdo,” a play on the […]
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 […]
The eight Republican presidential candidates have confirmed they will attend the Nov. 22 debate hosted by The Heritage Foundation and American Enterprise Institute on CNN. The debate will focus exclusively on foreign policy and national security. The debate will take place in Washington, D.C., at a location to be announced shortly. It will air nationally […]
Garry Kasparov mastered the game of chess to become a world-famous champion. These days he’s facing a much tougher opponent: the corrupt leadership of Russia. Kasparov, a leader of the Russia opposition, spoke at Heritage about why Prime Minister Vladimir Putin is immune to the Obama administration’s reset strategy. In an interview at Heritage before […]
Libya’s interim government gradually is taking shape. On Monday the Transitional National Council (TNC) announced that it had elected a new Prime Minister, Abdurraheem el-Keib, who will serve until elections in June for a national assembly that will write a new constitution. El-Keib, a dual Libyan-American citizen, is a U.S.-educated engineering professor who taught for […]
The United States said on Thursday that Iran has a credibility problem, Fox News reported. “Iran, over many years, has been unable to demonstrate the peaceful intent of its nuclear program,” Deputy National Security Adviser for Strategic Communications Ben Rhodes was quoted as having told reporters in Cannes, France, where President Obama was attending the […]
There are many ways to balance a budget. Most of us, for example, spend 30 percent or more of our income on housing. Skipping mortgage payments is a sure-fire way to make ends meet – until they take your house away. Health insurance can be a real waste, too, if you’re healthy. Dropping it may […]
