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    QE4: Another Big Step Down a Dangerous Road

    The Federal Reserve Board today announced the introduction of yet another hyper-aggressive monetary policy, dubbed “QE4” by some for the fourth round of quantitative easing. Three times a dud, fourth time a charm? Not likely. The Fed’s concerns for the economy are well-founded. The economy continues to struggle badly under … More

    Energy: America Delays, China Advances

    The Canadian government just approved the $15.1 billion acquisition of integrated oil and gas producer Nexen by China’s third-largest oil company, state-owned China National Offshore Oil. The deal is an important step forward (or two) for Chinese investment, but a step back is probably soon to follow. Chinese outward investment … More

    Debate on Trade: It Isn't Just About How Many Cases You Bring to the WTO

    Trade policy with China was again front and center in last night’s presidential debate, with President Obama defending his Administration’s trade policies. In particular, the President highlighted the number of cases his Administration has prosecuted at the World Trade Organization (WTO) as his signature trade achievement: [We] set up a … More

    Wal-Mart Delivers a Lesson to Antitrust Prosecutors

    Wal-Mart made headlines last week for launching same-day delivery service in direct competition with Amazon.com. This new retail rivalry between the big boys—brick-and-mortar versus virtual—provides yet more evidence that no company, no matter its size, is immune from competition. That’s a lesson federal antitrust prosecutors ought to heed. The “Wal-Mart … More

    Morning Bell: "The White House Does Not Create Jobs"

    Never were truer words spoken. At yesterday’s press briefing, White House spokesman Jay Carney admitted: “The White House does not create jobs.” As the Examiner’s senior political columnist Timothy P. Carney (no relation) later noted, conservatives should greet this statement as “a true and long-awaited admission of government’s limits.” Despite … More