Photo Credit: Gage Skidmore Since China devalued its currency 3 percent, global markets have gone into a tailspin. Why should this be? After all, 3 percent devaluation in China could be countered by a U.S. tariff of 3 percent on all goods made in China, and the tariff revenue used …
Toward the end of the presidency of George H.W. Bush, America stood alone at the top of the world — the sole superpower. After five weeks of “shock and awe” and 100 hours of combat, Saddam’s army had fled Kuwait back up the road to Basra and Bagdad. Our Cold …
In the first quarter of 2015, in the sixth year of the historic Obama recovery, the U.S. economy grew by two-tenths of 1 percent. And that probably sugarcoats it. For trade deficits subtract from the growth of GDP, and the U.S. trade deficit that just came in was a monster. …
In November 1956, President Eisenhower, enraged he had not been forewarned of their invasion of Egypt, ordered the British, French and Israelis to get out of Suez and Sinai. They did as told. How far we have fallen from the America of Ike and John Foster Dulles has been on …
Last November, Republicans grew their strength in Congress to levels unseen since 1946. What united the party and rallied the nation was the GOP’s declared resolve to stand up to an imperious president. Give us powerful new majorities, said John Boehner and Mitch McConnell, and we shall halt these usurpations …
The celebrations in Havana and the sullen silence in Miami tell you all you need to know about who won this round with Castro’s Cuba. In JFK’s metaphor, Obama traded a horse for a rabbit. We got back Alan Gross before his Communist jailers killed him, along with an American …
“Abe tightens grip on power as Japanese shun election.” So ran the page one headline of the Financial Times on the victory of Prime Minister Shinzo Abe in Sunday’s elections. Abe is the most nationalistic leader of postwar Japan. He is rebooting nuclear power, building up Japan’s military, asserting her …
Defense Secretary Chuck Hagel, a Vietnam war veteran and the lone Republican on Obama’s national security team, has been fired. And John McCain’s assessment is dead on. Hagel, he said, “was never really brought into that real tight circle inside the White House that makes all the decisions which has …
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