This week, the Senate Environment and Public Works Committee began debate on comprehensive climate change legislation, S. 1733, otherwise known as cap-and-trade. This legislation represents a new tax in the order of more than $1,700 per American household annually, and, if it’s passed, American families can expect to see considerable …
The dollar’s steady and sometimes fleet downward slide in exchange markets is eliciting a number of interesting explanations, but most commentators are only looking at their favorite piece of the economic puzzle. The dollar is under pressure against, well, every currency that matters. But why, and are there other financial …
The rumblings of the dollar’s decline are louder than usual at the moment, tied to speculation that oil producing countries are seeking to move to a basket of currencies in oil pricing, rather than using the dollar alone. There are genuine developments behind such rumblings, mostly concerning American economic policy. …
The damage is done. The Empire State Building was lit read and yellow last night to celebrate the 60th anniversary China’s communist revolution. It is hard to imagine a more inappropriate – indeed, offensive – use of an iconic American symbol. No one begrudges China lifting its people from poverty. …
Residents and visitors of New York City will experience an odd phenomenon tonight. The Empire State Building, a symbol of American strength, determination and might will be colored Red and Yellow to honor the 60th anniversary of China’s communist regime taking power. Lighting the building for special occasions is not …