First there was Hurricane Katrina, then there was the Deepwater Horizon disaster. Louisiana Gov. Bobby Jindal now says that the newest threat to the economy of his state is President Barack Obama’s moratorium on deepwater drilling. Jindal today joined in support of oil service companies who are suing to halt …
In a June 5 communiqué, G-20 Finance Ministers collectively recognized that, recent events highlight the importance of sustainable public finances and the need for our countries to put in place credible, growth-friendly measures, to deliver fiscal sustainability, differentiated for and tailored to national circumstances. The words “differentiated for and tailored …
At a Washington, DC, press conference held by Members of Congress in support of Israel, Turkey received its taste of changing attitudes on Capitol Hill after sponsoring a flotilla to breach Israel’s blockade of the terrorist organization Hamas-run Gaza strip. Congressmen warned that Turkey’s break from its traditionally warm relations …
Nobody likes wasteful government spending, whether it’s $500 hammers at the Pentagon or federal employees using Uncle Sam’s credit cards to buy personal cameras, laptop computers and iPods. So the military should set a goal: Find ways to trim the fat in its budget, then reinvest the savings in combat …
Last year, GM CEO Rick Wagoner “voluntarily” stepped aside when Washington took over his company. BP is “voluntarily” setting up a $20 billion escrow account. And now, states are being pushed to “voluntarily” adopt national education standards and tests. It all began when the Obama administration used its $4.35 billion …
Earlier this month, we told you about the decision to place a bust of the brutal dictator Joseph Stalin in an installation commemorating D-Day. Despite the controversy that this decision has caused, the National D-Day Memorial Foundation—the organization responsible the memorial—has steadfastly refused to remove the offending sculpture. A new website, StalinStatue.com, has …
Beijing finally made a move on exchange rates, probably. Assuming there is some action to go with the People’s Bank of China’s stilted language, two critical errors are being made in the international response. The first concerns the nature of the change. The one-line summary, in China and elsewhere, is …
