Is the sovereign debt situation in Europe really worthy of the  “crisis” label?  After all, we have been reading about the PIGS for years now (Portugal, Ireland, Greece and Spain) and there has been no collapse of currencies or European economic meltdown.  Should Americans and others outside the Eurozone lose sleep over the risks of [...]...

Could this be a game changer?  A president facing an election calamity has just executed a brilliant play.  With one simple move he has ingratiated himself to over a million middle-class voters who had written him off as an economic villain.  With one deft step, he has maneuvered around a disobliging Republican House leadership.  Ostensibly, he [...]...

Who has noticed the irony that the Occupy Wall Street movement is demanding greater income equality at a time in history when welfare payments are at their highest ever levels?  Never before has so much been taken from so few to be given to so many.    In developed nations, governments take wealth from those who [...]...

With Chris Christie and Sarah Palin both announcing that they will not be seeking the Republican nomination to challenge Barack Obama next year, the field is now set.  Christie’s decision was his alone but the liberal media can rightly claim that, thanks largely to their efforts, Republicans were deprived of three of their top five [...]...

Can the U.S. economy descend any further?  Let’s recap.  Economic growth is non-existent and many believe America is falling back into recession.  Private sector investment is minimal and analysts are predicting lower earnings growth for U.S. manufacturers.  And official unemployment is stuck at just over 9 per cent.  According to the U.S. Census Bureau, family income [...]...

As the dust settles on the intense debate over U.S. debt, there seems to have been some sort of fiscal timeout.   The debt ceiling was raised under the ridiculously named Budget Control Act of 2011, the president is taking a vacation and the talk is of the football season.  Is all well again?  One of [...]...

Congressional parleys over raising the United States $14.3 trillion debt ceiling have starkly illuminated the different positions of Republican and Democrats, giving voters a clear choice in elections next year. From 2008, Democrats were able to dictate the direction of economic policy because they controlled the White House and Congress.  Their philosophy was to borrow [...]...

“Neither a borrower nor a lender be.” (Hamlet).  As in Europe, in America too.  Greeks are rioting to maintain their entitlements, German and French leaders fret about their over-exposed banks and European bailouts come and go.   Meanwhile, the United States is stuck in a debate over whether to raise its debt ceiling, the threat [...]...

If gossip is a sin, the News of the World was the most sinful of newspapers even before it was exposed in the current scandal.  The British Sunday tabloid made its living by revealing the secrets of the famous and the powerful to its four million readers, nonchalantly characterizing them as “scoops”.  After its own [...]...

On the face of it, this has been a good week for President Obama.  First, he dispatched the notion that he is ineligible to serve as president by producing his birth certificate.  Then U.S. special forces caught up with and killed Osama bin Laden, terrorist mastermind of the 2001 attacks against America.  Both developments cast the [...]...