Robert Gates said goodbye to the Pentagon yesterday after serving two presidents and spending nearly five years as defense secretary. On his final day, President Obama surprised Gates with a Medal of Freedom. Leon Panetta takes over today after serving as CIA director since February 2009. He’ll be replaced at the CIA by Gen. David […]
The Federal Reserve’s massive stimulus program had little impact on the U.S. economy besides weakening the dollar and helping U.S. exports, Federal Reserve Governor Alan Greenspan told CNBC Thursday. In a blunt critique of his successor, Fed Chairman Ben Bernanke, Greenspan said the $2 trillion in quantative easing over the past two years had done […]
Struck by the rapid disintegration of the family in American life, Heritage’s Chuck Donovan recently called for a “Marshall Plan for Marriage” to rebuild the traditional institution and re-establish its importance. In an interview with National Review Online’s Kathryn Jean Lopez posted today, Donovan talks candidly about why this work is crucial to the nation’s […]
The White House has said that unless Congress gives it the green light to lift its $14.3 trillion debt ceiling by Aug. 2, it will default. That would mean lawmakers have about a month to decide whether or not to approve raising the borrowing limit, right? Wrong. In reality, they have about nine days when […]
(Robert Johnson) Last year, the U.S. Navy bought 59,000 microchips for use in everything from missiles to transponders and all of them turned out to be counterfeits from China. The reports show the chips weren’t only low-quality fakes, they had been made with a “back-door” and could have been remotely shut down at any time, […]
(By Malcolm Moore, Shanghai) Next month, four enormous steel skeletons, the last of the 12 segments of the bridge, will be shipped 6,500 miles from Shanghai to San Francisco before being assembled on site. The bridge, which will connect San Francisco to Oakland on the other side of the bay, is a sign of how […]
Today, the Sixth Circuit Court of Appeals issued a decision upholding Obamacare against a constitutional challenge. While this is disappointing, there are several reasons to believe that this flawed decision is not predictive of how the Supreme Court will rule. In recent years, the Sixth Circuit has achieved a growing reputation for not just reversals, […]
Senators Tom Coburn (R–OK) and Joseph Lieberman (I–CT) unveiled a major Medicare proposal. Based on preliminary estimates provided by the Congressional Budget Office (CBO), the proposal would reduce total Medicare spending by more than $600 billion in the next 10 years and cut the program’s long-term (75-year) unfunded liability by approximately $10 trillion. This is […]
America’s chemical industry is one of the biggest consumers of natural gas. But it is stridently opposed to government interference and taxpayer-funded subsidies for the production, use and purchase of natural gas vehicles. American Chemical Council chief executive Cal Dooley, a former Democratic congressman from California, spoke at today’s Bloggers Briefing about the organization’s criticism […]
The New York legislature’s vote last Friday night to redefine the family and recognize homosexual marriage will have a number of impacts within and well beyond the Empire State. The vote does not signal an end to the now two-decade fight over the meaning of marriage. A new phase—not an endgame—has begun. Here are five […]
