The Obama Administration screamed during the government shutdown last October that cutting federal spending would tank the economy and lead to higher unemployment, but the Bureau of Economic Analysis announced that despite a huge 4.6% quarterly cut in federal spending over
According to the Washington Post, President Obama has been hammering at Democratic fundraisers for the past few months that his party always gets “clobbered in midterm elections.” Although the midterm elections are usually regarded as a referendum on the sitting
Democrats and union officials usually blame management obstruction, international competition, and the growth of robots for the 80% decline in the percentage of Americans working in the private sector that are unionized. However, Steve Early, longtime union staff member and
This week saw escalating rounds of ceremonial sanctions by the U.S. and European Union (EU) against Russia over its annexation of the Crimea, followed by escalating ceremonial sanctions by Russia against the U.S. and EU. But as President Obama looked
Janet Yellen, in her first press conference as the new Federal Reserve Chair, said the U.S. economy is expanding by close to 3% despite harsh weather. She added that hiring and wage growth are faster than expected, causing unemployment to
Stock markets around the world fell Thursday, led by the 246 point dive, or 1.5%, for the U.S. Dow Jones Industrial Average and a 1.9% drop for German stock market index. Analysts generally pointed to worries about shrinking Chinese lending
The United States Bureau of Labor Statistics (BLS) announced on March 12th that the total cost of employing a state or local government worker is 45% more than an equivalent worker in the private sector. For the month of December
As Russia President VladimirPutin consolidates his military hold on the Crimean Peninsula, President Obama signedan executiveorder suspending certain Russian visas and allowing the TreasuryDepartment to impose financial sanctions on individuals and entities for “misappropriating state assets of Ukraine.” Both Houses
The ObamaAdministration’s 2015 proposed “Budget of the United States” promises the economywill grow at its fastest rate in a decade, unemployment will fall to theaverage of the Reagan Administration, and spending will rise at its lowestpercentage rate since the Clinton
Russia’s invasion of Crimea is a tipping point eventthat will further spur the American oil boom. The European Union (EU) and United States in 2008 threatened to slap economicsanctions on Russia for invading Georgia. But after a while the criticism
The Russian stock market sufferedan 11% loss overnight in reaction to a run on bank deposits fed byrumors the European Union and the United States would apply Cold War-typesanctions to punish Russia’s invasion of Crimea. The price collapse was worst
New York Times editorialwriter Joe Nocera had a field day onFebruary 28th raging against “TheBitcoin Blasphemy,” which he claimed is libertarian “sacrilege” since it is “unconnectedto any currency or any government.” Itis enlightening that the leftist thought police at the Times
European and Americanmedia may be celebrating the triumph of the Ukraine “people’s revolution,” but the real question is who is going to payfor the $29 billion a year bailout to keep the country from goingbankrupt. United States Secretary ofState John
The Wall Street Journal on February 25th published a story about December’s messy corporate divorce between Bill Gross and Mohamed El-Erian as Co-Chief Investment Officers at Pacific Investment Management Company (PIMCO), the world’s largest bond fund with almost $2 trillion
Janet Yellen, newly confirmed Federal Reserve (Fed) chair, announced February 19th that America’s central bank is moving to cut off the massive financial lifeline that has been subsidizing the European banking system since the beginning of the global financial crisis in
The highly credible HSBC/Markit Purchasing Managers’ Index (PMI) of economic demand in China reported that demand in China’s factories fell for a second month in a row and hit a seven-month low. Markit Research also reported that production turned negative
A joint investigation by the U.S. Department of Justice, Hong Kong Department of Justice, and the UK Ministry of Justice into accusations that American investment banks hired the children of powerful Asian officials to secure lucrative securities business may have
America’s energy boom is about to take another huge leap forward as the State of Alaska is on the verge of approving the $50 billion All-Alaskan Gas Pipeline (AAGP). The massive project will transport “stranded” North Slope natural gas south
German Foreign Minister Frank-Walter Steinmeier announced on January 30th: “As correct as the policy of military restraint is, it must not be misunderstood as a culture of standing aside.” In a full-page interview under the headline “Germany and the World,”
During the morning before the 2014 State of the Union address, White House Counselor John Podesta fired up the Democrat faithful with visions of a passionate President Obama about to declare rule by executive orders to vanquish his obstructionist Republican
A Quinnipiac University National Poll released January 22nd reveals that American voters rate President Barack Obama’s leadership on the economy, jobs, and healthcare as very poor; his only positive marks come from fighting terrorism. Barack Obama’s first presidential campaign narrative
The Obama Administration’s $5.8 trillion of big government deficit spending has caused the United States to suffer an “internal devaluation,” as American worker wages after inflation were forced down in each of the last five years. American competitiveness increased by
On December 29th, Islamist terrorists turned the Russian city of Volgograd, just 430 miles from venues of the Sochi Winter Olympics scheduled to open on February 7th, into a slaughterhouse in their efforts to humiliate Russia’s attempts to demonstrate the country’s
Bitcoin is the name of a group of peer-to-peer payment networks that serve as an open-source form of digital currency that was originally introduced in 2009 by a software developer with the alias of “Satoshi Nakamoto.” Bitcoin currency is created as rewards to “miners”
China’s December 15th soft-landing of an unmanned spacecraft on the moon was celebrated by the Xinhua news agency as, “The dream for lunar exploration once again lights up the China Dream“. China’s neighbors saw the action as a nightmare demonstration
