The typically staid pages of the Washington Post Business Section were graced this morning with subtle humor from the virtual pen of the ever-sober, oft sagacious Steven Pearlstein. In a piece titled “Keeping an open mind on solutions to the budget deficit”, Pearlstein neatly lays out the argument one typically …
This week, the House of Representatives will vote on the $86 billion “America Competes Act.” Just a few years ago, an $86 billion authorization would have been considered real money, even by Washington standards. But in this new era of trillion-dollar spending bills (and, not coincidentally, trillion-dollar budget deficits), an …
Vague statutory language can make laws hard to interpret and enforce. And that’s certainly true of the recently-passed Patient Protection and Affordable Care Act. Exhibit A: Obamacare requires insurers to spend at least 85 percent of group market premiums–and 80 percent of individual market premiums–on medical expenses. The remainder goes to administrative costs and profits. But …
The European economic model is dead. Don’t believe us? – Ask The Washington Post. Yesterday’s front-page story reported that the loans being made to stave off the debt crisis come with conditions which, if enforced, would require “European governments [to] rewrite a post-World War II social contract that has been …
“We have to pass the bill so that you can find out what is in it,” Speaker Nancy Pelosi (D-CA) told us just weeks before Congress passed President Barack Obama’s health care plan. Well, the nation’s post-passage Obamacare education continued yesterday when the Congressional Budget Office (CBO) confirmed that the …
Will North Korea’s Kim Jong-il get away with murder? That’s a question Koreans, and many in the region, are asking a month and a half after a South Korean naval vessel was sunk, killing 46. An investigation, assisted by U.S. naval intelligence, and other international partners, is still ongoing. Yet …
The Organization for Economic Cooperation and Development, a group often seen as an exclusive club of rich countries, voted unanimously on Monday to admit Israel. The admittance of Israel, along with two other new members (EU members Estonia and Slovenia) brings OECD membership to 34 countries. OECD membership rewards the …
Ryan Mauro, an intelligence analyst with the Asymmetric Warfare and Intelligence Center, flags this new video by the Russian company Concern Morinformsystem-Agat selling its Club-K Container Missile System. Mauro reports: The system allows a weak nation to strike the land and sea targets of a superior force by placing cruise …
