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  • The United States of Argentina?

    Is President Obama channeling Juan Perón? The President does seem to have a few things in common with the political descendants of the late Argentine dictator. For example, due to ongoing lawsuits stemming from Argentina’s still unresolved $100 billion sovereign debt default in 2001, Argentina’s current president, Peronist Cristina Fernández … More

    GAO Cites Waste in U.S. Food Aid Programs—But Does Not Call for Budget Cuts

    Senator Tom Coburn (R–OK) and others in Congress have repeatedly expressed concerns about “fragmentation, overlap, and duplication” in non-emergency food aid programs administered by the United States Agency for International Development (USAID) and United States Department of Agriculture (USDA). But a study released this month by the United States Government … More

    Brazil’s Corruption Holds Back Economic Freedom

    Fresh charges of corruption are shaking up the Workers Party of Brazilian President Dilma Rousseff, as The Wall Street Journal reported last week. Reforms are long overdue. The most recent “Rosegate” scandal stems from official charges brought by the Federal Police (Brazil’s version of the FBI) after an investigation of … More

    Argentina: Massive Protests Against Statism and Corruption

    Dubbed by organizers as “the Protest of 8N” (for November 8), thousands—perhaps hundreds of thousands—of Argentines jammed the streets of Buenos Aires last night to protest against President Cristina Fernández de Kirchner in Argentina’s biggest anti-government demonstration in years. A spokesman for Buenos Aires’s Justice and Security Ministry estimated the … More

    U.S. Drops Out of Top 10 in Latest Legatum Prosperity Index

    In an unprecedented fall, the U.S. dropped out of the top 10 for the first time in the 2012 Legatum Prosperity Index that was published today. The index benchmarks countries in eight categories: economy, education, entrepreneurship and opportunity, governance, health, personal freedom, safety and security, and social capital. Legatum’s latest … More

    Argentina's Ship of State Hits Choppy Waters

    It’s Spring Break in Argentina, and tens of thousands of demonstrators have taken to the streets to protest the policies of President Cristina Fernández de Kirchner. Argentineans are angry—about rising crime, corruption, and the virtual ban her government has imposed on the purchase of foreign currencies as it attempts to … More

    Private Financial Info at Risk If Ecuador's Government Takes Over Credit Rating Agencies

    Earlier this month, Ecuador’s National Assembly passed legislation that would nationalize the country’s private credit reporting industry. President Rafael Correa has to decide by November 4 whether or not to sign it. The legislation would permit only the government’s central public data agency to provide credit reports and scores. Private … More

    Russian Reset Roulette: Putin Throws Obama's Foreign Aid Under the Bus

    The State Department announced yesterday that Russian President Vladimir Putin has informed the United States he will not permit any further activities by the U.S. Agency for International Development (USAID) in the Russian Federation. State officials tried to put the best face on this humiliating rejection, saying they are “extremely … More

    New State Dept. "Fact Sheets" Push More Government, More Spending on Foreign Aid

    Recently, The Heritage Foundation reported that the State Department is making major changes to its venerable series of “Background Notes”—transforming them from useful reference materials into a new “fact sheet” format that, in reality, is more often than not just a puff sheet for the Obama Administration’s foreign policy accomplishments. … More

    Conflict Minerals: Another of Dodd–Frank's Hidden Costs

    On Wednesday, the Securities and Exchange Commission (SEC) adopted a little-known section (and there are many) of the Dodd–Frank financial regulation bill that will end up doing the most harm to the people in the Congo that it purports to help. The Wall Street Reform and Consumer Protection Act, Title … More