Inflation is ultimately and always a monetary phenomenon. The Federal Reserve’s extraordinary actions during the recent crisis now require executing a difficult exit strategy without short-circuiting the recovery and most especially without letting inflation get out of control. Comments by Fed officials beginning with Chairman Ben Bernanke suggest they are …
The buzz in Latin America was the February 22 shout-fest in Cancun, Mexico between Colombia’s pro-American leader Alvaro Uribe and Venezuela’s populist, anti-American president Hugo Chavez. The showdown erupted during a private luncheon for Latin American and Caribbean presidents gathered to discuss [without the U.S. or Canada present] a framework …
The White House recently released President Obama’s health care reform proposal. The plan incorporates a mixture of the many tax increases passed by the House and Senate, hiking taxes by almost $750 billion over ten years. This is on top of $1.3 trillion in other tax increases the President recently …
This Thursday leaders from Congress will join the President for a meet for a ”summit” on healthcare reform. This meeting comes amid reports that despite White House claims that the meeting is to bring both sides together to hash out a bipartisan bill, movement is already afoot to use the reconciliation process to pass the version of Obamacare …
Toyota’s Chief Executive Officer Akio Toyoda testified yesterday about safety and quality control after his company recalled 8.5 million cars and trucks worldwide – 6 million in the United States. A deeply remorseful Toyoda feared the company may have been growing too quickly and outlined how the company would move …
The Heritage Foundation’s stance against expanding subsidies for nuclear energy has once again been manipulated by the anti-nuclear crowd to infer that we are anti-nuclear. This time, Harvey Wasserman on The Huffington Post wrote that Heritage, along with some other groups, believe that nuclear energy is “too expensive to matter.” …
Last night President Barack Obama held a behind-closed-door dinner with 17 chief executive officers from major U.S. corporations including Jamie Dimon of JP Morgan Chase, Verizon Communications’ Ivan Seidenberg, and General Electric’s Jeffrey Immelt. According to Bloomberg, the President made the case to his select guests that his administration is …
The health care plan President Obama recently released is mostly a combination of the different plans passed by the House of Representatives and the Senate. But in one major way it breaks with long-standing precedent, proposing a fundamental wrong-headed change to both entitlement policy and tax policy. He proposes for …
The U.S. House is expected to vote today on the creation of the largest tribal entity in U.S. history under the Native Hawaiian Government Reorganization Act, despite last-minute opposition by Hawaii’s governor, Linda Lingle (R), and serious questions regarding the bill’s constitutionality. Meanwhile, President Barack Obama promised to sign the …
