The House version of the continuing resolution (CR) — necessary to fund the government through the end of the fiscal year on September 30 — was Congress’s opportunity to reprogram cuts from sequestration or cut even further. Regrettably, the bill fails to deliver on both counts. Worse, because of the …
The government of Venezuela has announced that Hugo Chavez died this afternoon. His death was not unexpected. What is unexpected is what occurred earlier today. Vice President Nicolas Maduro—Chavez’s heir apparent—informed a televised audience that Chavez was the victim of an attack by his enemies. “We have not a single …
The federal government spends billions each year on job training programs. However, these programs are ineffective and waste billions on duplicative administrative expenses. A 2011 Government Accountability Office (GAO) investigation found: For fiscal year 2009, we identified 47 employment and training programs administered across nine agencies. Together, these programs spent …
On March 5, Pyongyang threatened to nullify the 1953 armistice agreement ending the Korean War, raising already heightened tensions on the Korean Peninsula. The declaration comes amidst large-scale military exercises by North Korea and by U.S. and South Korean forces as well as rumors of impending rocket and nuclear tests. …
Mexico’s new president, Enrique Peña Nieto, has made clear that his re-election does not signal a return to the old days of corruption and cronyism when his party, the Institutional Revolutionary Party (PRI), and its public-sector unions ruled Mexico virtually unopposed for 70 years. To prove this point, one need …
The recently reelected president of Ecuador, Rafael Correa, wants people to know he is determined to fight inflation through combating “speculation.” A noble goal, to be sure. But the weapons chosen for that battle by President Correa—a PhD economist trained at the University of Illinois—actually will doom his anti-inflation campaign. …
