JPMorgan Chase’s announcement that it has lost $2 billion in a failed hedge strategy sent shock waves through the financial world yesterday. And in Washington, the reaction has had a political tone, with calls to accelerate adoption of the “Volcker Rule” limiting investments by banks. But policymakers should take a …
Pakistan’s military has lost more than 3,000 security personnel in the fight against terrorism. Such sacrifices are often overshadowed in the U.S., where the media (rightly) focus on Pakistan’s lack of action against groups like the Haqqani network that targets U.S. forces in Afghanistan and the Lashkar-e-Tayyiba, responsible for the …
Facebook’s much-vaunted initial public offering is on the horizon and promises to shower a few lucky individuals with millions if not billions of dollars. One of those Facebookers is the company’s billionaire co-founder Eduardo Saverin, who renounced his U.S. citizenship ahead of the IPO, potentially reducing his tax burden. Saverin, …
On Thursday, Senator Jon Kyl (R–AZ) delivered the third annual Jesse Helms Lecture at The Heritage Foundation. The Jesse Helms Lecture Series highlights foreign policies that Senator Helms (R–NC) championed throughout his years in office. The lecture is a part of Heritage’s Protect America Month, showcasing why Americans must commit …
Sen. Jon Kyl (R-AZ) has been among the Senate’s strongest proponents of a robust national defense. In his role as Republican Whip, he is now leading the charge against efforts to shortchange our Defense budget, and warning of potential dire consequences for national security. Kyl spoke at the Heritage Foundation …
According to press reports, the House Armed Services Committee has preserved a provision in its draft of annual defense legislation that would place ballistic missile defense interceptors on the East Coast to defend U.S. territory more effectively against ballistic missile attacks, including short-range missiles carrying electromagnetic pulse (EMP) warheads that …
Video from 2007 shows then-Sen. Joe Biden (D-DE) claiming that coal power and corn syrup are more deadly than terrorism. The remarks will likely prove a headache for an administration that is trying to distance itself from its anti-coal image. As Scribe reported on Friday, the Obama campaign adjusted its …
In a recent 5-2 decision, the Maryland Court of Appeals (Maryland’s highest court) ruled that the state’s 2008 DNA Collection Act was unconstitutional because collecting DNA after an arrest, rather than post-conviction, violates the defendant’s constitutional rights. This decision is troublesome for a number of reasons. The use of forensic …
Each semester, we bring together more than 60 young leaders from across the country to participate in our internship program in DC. They are given the opportunity of practical experience working on policy research, marketing, and business, to training on marketing, blogging, and public speaking. Combine trips to the Pentagon, National …
After coming under fire for its consistent hostility to the coal industry, the Obama campaign quietly adjusted its energy policy website to include “clean coal” among the president’s energy initiatives. The energy policy page of BarackObama.com now includes a section for “clean coal,” claiming the stimulus package “invested substantially in …
