As we approach the “fiscal cliff,” there was little doubt that famed investor and self-appointed political sage Warren Buffett would pipe in at some point with his periodic call for higher taxes on his ilk of billionaires. Today was the day. Buffett, of course, is welcome to his opinion, but it is amazing that anyone […]
Protesters are clashing with police in Tahrir Square in Cairo, Egypt. (Photo: Polaris/Newscom) Egypt has been rocked once again by a political crisis triggered by President Mohamed Morsi’s relentless efforts to secure dictatorial power. Hundreds of protesters from liberal and secular opposition groups demonstrated in Cairo’s Tahrir Square, the birthplace of Egypt’s stunted “Arab Spring” […]
America’s free trade agreements in Latin America are a major opportunity. But even though the new U.S.–Panama free trade agreement went into effect on October 31, potentially creating up to 7,000 new jobs, the United States still seems to forget about our friendly neighbors close to home. Talk of pivoting to Asia and the changing […]
There are plenty of things to be thankful for this week, and this year as well. Yes, after our country’s recent elections, big government remains the rule here in the United States and throughout the West. Yet the language used by the candidates (both talked of reducing federal spending and creating jobs, for example) and […]
It has been reported recently that the poverty rate among Latinos has reached 28 percent. The number, based on a new poverty measure by the Obama Administration, should be interpreted with caution, as explained here and here. However, the overall point that more American Latino families, and Americans in general, are struggling to achieve self-sufficiency […]
An energy renaissance is underway in the United States. According to a new report by the International Energy Agency (IEA), America’s decades-long dependence on foreign oil may soon be over. By the mid-2020s, the United States is set to surpass Saudi Arabia as the world’s largest oil producer. Even more promising is that by 2030, […]
Egypt was wracked by protests today, the day after President Mohamed Morsi purged key judicial officials and issued a decree that granted himself sweeping new powers. In Cairo, protesters gathered in Tahrir Square, the epicenter of Egypt’s stalled revolution, to denounce Morsi’s power grab and chant: “Morsi is Mubarak.” There were reports of heavy rioting […]
Would it surprise you to know that many of the Black Friday items for sale that cause so much frenzy are highly overpriced due to tariffs? Black Friday, of course, is the day when hundreds of people wait outside of stores hours ahead of their opening to get a steal on sale-priced merchandise. In 2011, […]
Thousands of people are not starving to death in Michigan. This shocking development comes despite one of the worst harvests in memory. With little produce being gathered from local orchards and fields, some feared the worst. But despite the drought, grocery stores had full shelves and reasonable prices. The miracle of trade will save millions […]
Pakistani villagers in his village watch the news on television of Ajmal Kasab, who was executed in an Indian prison. (Photo: AFP/Newscom) Nearly four years after the horrific Mumbai attacks that left more than 160 dead, including six Americans, India put to death the lone surviving gunman, Pakistani citizen Ajmal Kasab. The Indian government conducted […]
