Expectations for Prime Minister Gordon Brown’s address to the joint meeting of Congress this morning were low. His visit so far has been devoid of highlights. His joint press conference with Obama on Tuesday was canceled, supposedly because of the weather, which was a snub Tony Blair never endured. At …
Dangerous currents advocating protectionism are alive and well on both sides of the Atlantic. A “Buy American” clause in the latest U.S. stimulus package may have been eased to avoid violation of bilateral trade agreements, but its protectionist intentions remain. But the European Union is in no position to lecture …
As the world continues to deal with the global economic downturn, Pascal Lamy, the Director-General of the World Trade Organization, publicly urged all nations to overcome protectionist instincts as they work to return growth to their national economies. Lamy made his remarks while speaking to the Lowy Institute for International …
We wish we were more surprised by the news this morning that the Obama Administration sent a secret letter to the Kremlin offering to turn tail on U.S. missile defense commitments to Eastern Europe in exchange for Russian help stopping Iran from developing long-range weapons. But former assistant secretary of …
Describing Secretary of State Hillary Clinton’s message in a private meeting with the foreign minister of the United Arab Emirates Monday, a U.S. official told the Washington Post: “She said we are under no illusions about Iran and our eyes are wide open.” Well someone in the Obama Administration is …
President Obama vows to “address the crushing cost of health care” by, among other things, “invest[ing] in electronic health records and new technology that will reduce errors, bring down costs, ensure privacy, and save lives.” Sounds great. Let’s take a quick trip across the Atlantic to see how that’s worked …
Amidst the flurry of programs and initiatives that President Obama announced last night, one particularly unwise one has escaped substantial notice: his call for “America [to] once again have the highest proportion of college graduates in the world” by 2020. The experience of Britain since 1999 with a very similar …
So the man who oversaw a $60 billion global scam—also known as the U.N. Oil-for-Food Program—has been rightfully disgraced. In January 2007, the United States charged Benon Sevan with bribery and conspiracy to commit fraud. Sevan, a native Cypriot, continues to evade justice by hiding out on his home island—with …
Right now, the world has too little capital, too few jobs, and too little growth. So what do Europe’s leaders want to do? Press for yet more job-killing regulation and more investment-stifling oversight, with a heaping helping of “global governance” on top. If this wasn’t so dangerous, it would be …
