San Bernardino, Calif., has now followed Stockton into bankruptcy. Harrisburg and Scranton, Pa., and Jefferson County, Ala., home to Birmingham, are already there to welcome them. Detroit has been taken into receivership by Michigan. A plan under discussion is to level a fourth of the city and reconvert it into …
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 …
“The entry into force of the U.S.-Korea trade agreement on March 15, 2012, means countless new opportunities for U.S. exporters to sell more made-in-America goods, services and agricultural products to Korean customers — and to support more good jobs here at home.” Thus did the Office of the U.S. Trade …
With the number of Secret Service members and agents caught up in the partying-with-prostitutes scandal in Cartagena now at a dozen, and six already gone, how much wider and deeper does this go? No one can take pleasure in seeing Secret Service agents — whose deserved reputation is that they …
Prime Minister David Cameron’s decision to veto Germany‘s demand for a new European fiscal union will define his premiership. More than that, Cameron has raised a banner for patriots everywhere fighting to retain their national independence. With his no vote on fiscal union, Cameron declared to the EU: “British surrenders …
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 Disappearing Black Middle Class” ran the headline over the Chicago Sun-Times story. And the statistics from the Economic Policy Institute were indeed sobering. In 2007, best year of the Bush era, white households had a median net worth of $134,280, compared with $13,450 for black households. By 2009, the …
At the G-8 summit in Deauville, France, the news was dramatic, delivered by Nicolas Sarkozy of France and Barack Obama. To sustain the Arab Spring, America, Europe and Japan will provide $40 billion in fresh foreign aid for Arab nations that take the democratic path. The $40 billion breaks down …
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