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  • Obama Transforms State Department "Background Notes" Into Campaign Material

    Production by U.S. embassies of the State Department’s long-running series of annual “Background Notes” covering every country in the world had long been considered a useful service for the American public. Now, however, they appear to have morphed into yet another taxpayer-subsidized campaign commercial for the Obama Administration. The old … More

    Argentina: Kirchner's Policies Undermining Economic Growth

    This Friday, the government of Argentina will announce with great fanfare the last payments on “Boden” bonds issued during the so-called corralito. That was the decade-long process imposed in response to the 2001 financial crisis that included a freeze of bank accounts and the forcing of those with dollars to … More

    Regulatory Overreach: Obama Administration's Case Against Gibson Guitar Drags On

    Numerous Heritage research papers and postings on The Foundry in the past year have reported on the plight of Gibson Guitar, which has been accused by the Obama Administration of running afoul of the Lacey Act—one of the oldest U.S. environmental regulations. Gibson’s violations were deemed so severe that armed … More

    U.S. Free Trade Agreement with Colombia Enters into Force Today -- Finally!

    Following through on President Obama’s announcement last month in Cartagena that the U.S.–Colombia Trade Promotion Agreement will take effect on May 15, 2012, U.S. Secretary of Agriculture Tom Vilsack made the following statement: Beginning today, U.S. agricultural exporters receive duty-free access on more than half of the products we currently … More

    Council of the Americas Honors Argentine Government in Wake of Repsol/YPF Seizure

    Argentina’s vice president, Amado Boudou, is confirmed to speak tomorrow at the annual Council of the Americas (COA) meeting at the Inter-American Development Bank in Washington. COA is an association of international businesses founded in 1965 by David Rockefeller that promotes “open markets, the rule of the law, and democracy … More

    Economic Freedom Is Surging in Chile

    With a score of 78.3 in the 2012 Index of Economic Freedom published by The Heritage Foundation and The Wall Street Journal, Chile is now the seventh economically freest nation in the world (out of 179 countries ranked) and is number one in all of Latin America. Its overall score … More

    OECD’s CSR Guidelines: Corporate State Department Responsibility?

    This week the U.S. State Department announced the launch of the Stakeholder Advisory Board for the Organization for Economic Cooperation and Development (OECD) Guidelines for Multinational Enterprises. Nanny-state scolds on the left have increasingly called for more corporate social responsibility (CSR). Their mantra is “doing well by doing good,” and … More

    G-20 Summit: Obama Should Declare the Welfare State Bankrupt

    Air Force One winged its way to another exotic destination last night. When President Obama arrives at the posh seaside resort in Cannes, France, for the latest meeting of the G-20 today, he should ignore all the fluff put forth by French President and G-20 host Nicolas Sarkozy—a prescription of … More

    Gibson Guitar Targeted as the Lacey Act Falls Flat in Nashville

    In recent months, the U.S. government has dispatched heavily armed federal law enforcement officers to raid Gibson Guitar factories—American guitar factories!—in Tennessee for violations of the Lacey Act, a federal statute that makes it a crime to import some tropical hardwoods in violation of foreign laws. Condemning this “overreach” by … More

    Losing Economic Freedom: U.K. Riots and the Moral Hazard of Dependency

    People have been shocked by the images of destruction and violence coming out of Great Britain in the past few days. But if they tracked the steady loss of freedom and the simultaneous rise in the number of Britons dependent on the largesse of the state over the past few … More