Draft legislation by Senators Bob Corker (R–TN) and Mark Warner (D–VA) would wind down federally sponsored housing finance giants Fannie Mae and Freddie Mac, but it suffers from many of the same problems the system faced over the past two decades. The bill would replace the Federal Housing Finance Agency, the current conservator of Fannie […]
It’s been called a both a “game changer” and a major “breakthrough” for the Senate Gang of Eight’s immigration bill (S. 744). In reality, however, the Corker–Hoeven amendment (or perhaps more accurately the Schumer–Corker–Hoeven amendment) is far from a magic solution to our nation’s border security challenges. A new 1,000-plus-page bill has just been filed […]
Lockheed Martin Aircraft Industries has announced that Israel will be the first nation to receive its F-35 stealth fighter jets, the most expensive weapon in U.S. history. The company’s vice president, Steve O’Bryan, made the announcement Tuesday at the Paris Air Show. The F-35 is a fifth-generation aircraft capable of evading radar and integrated air […]
There is information that 100 surface-to-air missiles were available to Middle East terrorists about one year before the downing of TWA flight 800. Bill Clinton was president on that fateful night, TWA Flight 800, with 230 people on board, exploded just 10 miles off the coast of Long Island. FAA air traffic controllers saw an […]
face to face/ZUMA Press/Newscom President Obama’s speech today, June 19, at the Brandenburg Gate in Berlin inevitably invites comparisons with the speech given by President Ronald Reagan on June 12, 1987. Surely, no one in this publicity savvy White House could have missed that point. The backdrop of the famous monument, the topic, the cheering […]
F-35 in Flight (Newscom) During markup of the National Defense Authorization Act, many feared that funding for the F-35 would be stripped from the bill. But conservatives successfully blocked efforts to slow down the process. This is a huge win for U.S. national security. The F-35 Lightning is set to become the world’s leading Joint […]
The Congressional Budget Office (CBO) released its cost estimate and economic impact documents for S. 744, the Border Security, Economic Opportunity, and Immigration Modernization Act, today. We are still analyzing the lengthy reports, but already a few items stand out as noteworthy. Reducing Flow CBO reports that S. 744 would have only a marginal impact […]
(CNSNews.com) – The National Institutes of Health (NIH) has authorized a three-year study to find out why some HIV-positive homosexual men in Kenya do not seek the free treatment that American taxpayers already are funding. The study, which will cost U.S. taxpayers $228,147, seeks to encourage Kenyan homosexuals, including prostitutes, to avail themselves of the […]
The creation myth of American wealth is almost always rooted in the entrepreneur. It’s the two kids who start a computer company in their garage or dorm room. Or the former standup comic who creates form-shaping undergarments, or the South African immigrant who creates a new electric car and private space program. But despite the […]
Europe will “pay the price” if it arms Syrian rebels, President Bashar al-Assad warned on Monday. “If the Europeans deliver weapons (to rebels), Europe’s backyard will become a terrorists’ place and Europe will pay the price for it,” Assad was quoted as having said in an interview with the German newspaper Frankfurter Allgemeine Zeitung, excerpts […]
