Yesterday all three major financial indexes fell after an article in Barron’s reported the Bush Administration is planning to exercise the authority to recapitalize Fannie Mae and Freddie Mac. A Treasury spokeswoman denied the report, but FusionIQ CEO and equity-research director Barry Ritholtz told the AP: “You don’t pass that …
Since July 20, Internet security experts have been tracking coordinated cyber attacks on Georgia’s Internet infrastructure. It is still unclear to what extent the Russian military directly carried out these attacks, but two things are known for sure: 1) the traffic patterns and servers used in the attack are “overwhelmingly …
Unintended consequences of the federal government’s energy policy are nothing new. Think about ethanol. The United States is now committed to using 9 billion gallons of ethanol in 2008, which will rise to 36 billion by 2022. No one thought it would be responsible for pushing 30 million people into …
The Olympic Games got off to a solemn start last Saturday after a member of the U.S. men’s volleyball team lost a relative who was fatally stabbed while touring Beijing. Compounding the tragedy, the U.S. team had to scramble to obtain official Chinese permission to bring an English-fluent chaplain to …
Whether it’s baseball, driving or federal budgeting, rules play a central role in determining outcomes. Lower the pitching mound five inches, and baseball teams score more runs. Put too many signs on the road, and traffic accidents go up. The federal budget process is no different and, as Heritage senior …
“As I write, Russia is waging war on my country,” Georgia President Mikheil Saakashvili begins his Wall Street Journal op-ed. He continues: On Friday, hundreds of Russian tanks crossed into Georgian territory, and Russian air force jets bombed Georgian airports, bases, ports and public markets. Many are dead, many more …
This Wednesday, government-sponsored entity Freddie Mac announced that it lost $2.8 billion in just the last quarter alone from foreclosures and other related expenses. Both Freddie, and its sister Fannie Mae, are at the core of the recent housing finance crisis. Freddie and Fannie help finance 40% of all U.S. …
Political experts across the country keep asking why Barack Obama continues to conspicuously fail to cross the 50% threshold against John McCain despite the fact “Democrats enjoy the most favorable political winds since at least 1976.” It may have something to do with the fact that the top issues on …
