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  • Monthly Archives: August 2011

    Morning Bell: The Devastating Threat to Our Security

    emp-strike-screen-cap

    It sounds like something out of a movie. A nuclear weapon detonates at high altitude, generating a burst of electromagnetic energy that devastates the United States–destroying electronics, collapsing communications, halting transportation, and shutting down all electrical power. Unfortunately, the threat of an electromagnetic pulse (EMP) strike is all too real, and … More

    Dear Conan, Reckless Government Spending Is Worse Than You Think

    Comedian Conan O'Brien is shown on stage during the premiere of his new late night talk show on TBS 'Conan

    Late-night comedian Conan O’Brien’s blog has a new post parodying Washington’s excessive spending. “Team Coco has found out why our government is so broke,” the blog explains, “They’ve been spending all our hard earned tax dollars on some pretty ridiculous programs.” The post contains a list of humorous fake programs and encourages … More

    $3.3 Trillion Vaporized from U.S. Stocks since April 29, 2011

    Traders work on the floor of the New York Stock Exchange

    Since the S&P 500 hit its high for 2011 on April 29 to August 10, 2011, $3.3 trillion invested in the U.S. stock market has been wiped out. The value of American stocks owned fell from $16.82 trillion to $13.57 trillion—19.3 percent. See Chart. That is more than the Gross … More

    Top 10 Reads: August 10, 2011

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    Catching you up on clips, commentary and news of the day. Sign up for the daily email update from Scribe. Russian ‘reset’ malfunction – Ariel Cohen How Obama can get re-elected: Act like Reagan – Neil Reynolds After $65 billion, Fannie and Freddie want more of your money – Abby W. … More

    Industry Group Hits Back at Anti-Coal Rhetoric From Bloomberg, Sierra Club

    New York City Mayor Michael Bloomberg at press conference announcing partnership with Sierra Club on July 21, 2011

    In a Wednesday column, the president of a major coal industry group defended coal energy against recent attacks from the environmentalist left. The current drive to drastically redcuce coal power in the United States, he claimed, would deal a body blow to the American economy. “There are challenges inherent with … More

    The United States, Free Trade, and the Economics of Lost Opportunities

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    “We’re cutting our own throats here, I think,” Kim Murray, from the USA Dry Pea and Lentil Council, recently remarked in reference to the U.S. failure to pass pending free trade agreements (FTAs) with Colombia, Panama, and South Korea. These agreements fell to the wayside in the midst of the … More

    More Tax Subsidies for Abortion in Obamacare

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    As both sides of the debate remember all too well, the final passage of Obamacare last year hinged on a many-layered debate on abortion funding in the final bill. The balance of power on the final vote in the House of Representatives rested with a small group of pro-life Democrats, … More

    Gallup Poll: Americans' Confidence in the Economy Plunges

    Pedestrians walk down Wall Street on July 7, 2011

    The Dow Jones Industrial Average saw its biggest daily gain yesterday since March 2009, but Americans’ confidence in the economy has dropped to levels not seen since that same time period, according to a new Gallup poll. Americans’ economic confidence plunged to -53 in the week ending Aug. 7, a level … More

    Only Days In, Verizon Strike Already Getting Ugly

    Workers strike at Verizon Wireless in New York.

    Verizon employees went on strike this week in protest of the company’s proposed changes to its employee benefits. The company’s collective bargaining agreement expired at midnight on Saturday. By Sunday, Verizon was already alleging a dozen instances of sabotage, and illegal attempts by strikers to block managers from entering Verizon … More

    Virginia Group Gives Single Moms a Chance at Self-Sufficiency

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    A recent WORLD magazine article highlights the success of a Virginia organization committed to providing struggling single mothers an opportunity for self-sufficiency. Borromeo Housing, located just outside the nation’s capital in Arlington, Virginia, offers low-income, undereducated single mothers a safe, structured environment to begin building a stable life for themselves … More