Comes now news from across the pond that executives at one of the world’s most respected banks, Barclays, rigged Libor. Even the venerable Bank of England is apparently being investigated. For sports fans, this is like fixing the Super Bowl or doping a horse in the Derby. But it is …
Rising inequality “is the defining issue of our time,” said President Obama in his Osawatomie speech that echoed the “New Nationalism” address Theodore Roosevelt delivered in that same Kansas town a century ago. In the last two decades, the average income of the top 1 percent in the U.S. has …
For the third straight year, the median income of the typical American family fell in 2010. Adjusted for inflation, it is back where it was in 1996, the longest period of zero growth since the Depression. And the poverty rate has inched up to 15.1 percent. Both figures, however, should …
As he and his daughters bicycle around the summer playground of the Northeastern elite, Martha’s Vineyard, President Obama is steadily bleeding away both the support of the nation and that of his most loyal constituency. Several times, his approval rating in Gallup’s daily tracking poll has sunk to 39 percent, …
The bill federalizes crimes such as spousal abuse, giving the feds police power the Constitution reserves to the states. When Sen. Joe Biden, Delaware Democrat, asked Republican senators what happened to their cherished notion of states rights, they had no response. And, as with NAFTA in 1993, the GOP again …
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