Yesterday, White House spokesman Jay Carney asserted that the U.S. is “fully capable of defending itself” against a North Korean ballistic missile attack. Carney didn’t mention that the Obama Administration has tried to undermine the long-range missile defense program since it came into office. First, it decided to decrease the …
Senate Budget Committee Ranking Member Jeff Sessions (R–AL) and House Budget Committee chairman Paul Ryan (R–WI) sent a letter yesterday to Transportation Secretary Ray LaHood, urging the Department of Transportation to reject a $5.5 billion gamble on high-speed rail. The train, called XpressWest, would run from Victorville, California, to Las …
January’s unemployment numbers for the 17 countries of the eurozone has moved closer to 12 percent. This underscores the strong economic headwinds that face these member nations as they continue to grapple with an ongoing economic crisis. This same data reveals deep internal chasms within the eurozone between the economically …
The Bureau of Economic Analysis (BEA) recently released statistics on U.S. exports for January, but failed to mention of one of the biggest U.S. “exports”—federal Treasury securities. In 2012, the government financed its deficit spending by selling $382 billion in Treasury securities to foreign buyers. To put that in perspective, …
Sovereign nations like France and Belgium may be on a path to become the European equivalent of American states – subservient parts of a whole led by an imposing central European Union (EU) government. That is the view articulated by Charles Moore, a journalist, political commentator, and former editor of …
The latest trade deficit figures are out, and, as always, most reports fail to accurately explain what these numbers mean. Consider the following widely reported statement: A narrower trade gap boosts growth because it means U.S. companies are earning more from overseas sales while U.S. consumers and businesses are spending …
As the Syrian civil war escalates, it is increasingly spilling over Syria’s borders to threaten Syria’s neighbors and the long-established U.N. peacekeeping forces deployed along Syria’s border with Israel. On Wednesday, Syrian rebels captured 21 peacekeeping troops from the United Nations Disengagement Observer Force (UNDOF) in the Golan Heights near …
As some Venezuelans mourn the death of populist President Hugo Chávez, their northern neighbors in the Caribbean Basin shouldn’t shed a tear. In 2005, members of the Caribbean Community (CARICOM) sold out on free markets for the price of Chávez’s oil diplomacy by signing up for PetroCaribe, a financing agreement …
Senator Pat Toomey (R-PA) visited Heritage yesterday to explain what he believed to be the fight of our lifetime: out-of-control government spending that threatens prosperity. He sat down with Heritage’s Jackie Anderson before his speech to outline what’s at stake and also explain why he joined Senator Rand Paul’s (R-KY) …
Today, Venezuela will hold the official state funeral for Hugo Chávez. Already, ceremonies in honor of El Comandante are well underway. On Wednesday, a caravan carried Chávez’s body along a seven-hour-long procession through the streets of Caracas. The flag-draped coffin was laid in state at the military academy where he …
