U.S. Bombs on Libya May Backfire

As the U.S. fired more than 100 Tomahawk cruise missiles into Libya on Saturday, the objective seems clear.  Barack Obama declared that “we cannot stand idly by when a tyrant tells his people that there will be no mercy.”  He explained: ...

Interest Rates Are on the Launch Pad

A few months ago, the chorus sung by the recovery cheerleaders reached a crescendo when expanding consumer credit statistics and surging US trade deficits provided them with “evidence” of an economic rebound. In declaring victory, they overlooked the very...

Reflections on the Disaster in Japan

Someone wrote and asked me the following: ”I’ve been thinking about the following. Is it acceptable to sacrifice one man to save 100,000 or any large arbitrary number? I know this question has shown up in many stories and films and I am sure philosophy...

The "One" Plays Soldier: Obama's Pretend War

The British Ministry of Defense, the French government and the American White House all insist: The target of the military attack on Libya is not Qaddafi; it’s only military buildings. So let me get this straight. We’re attacking Libya because the dictator...

?Quake Response Puts Yen on the Line

One of the immediate financial consequences of the catastrophic Japanese earthquake is that Japan needs to call on its huge cache of foreign exchange reserves to rebuild its shattered infrastructure. To pay for domestic projects, Japan will require...

?The Era of Entitlement

From Investor’s Business Daily: Using data mined from the Bureau of Economic Analysis, TrimTabs Investment Research has found that 35% of wages and salaries this year will be in the form of a government payment. That’s up sharply from 2000, when it was...

?Obama the Pathetic

President Obama is warning Libyan dictator Qaddafi to “fully comply” with a new U.N. resolution that calls for him to cease fire against rebels or …. Or what? This is a president who has apologized to the entire world for past use of American...

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