Cyprus President Nicos Anastasiades has struck a deal with the European Union and International Monetary Fund that will seize up to 40% of uninsured funds from wealthier depositors with over 100,000 euros and will not siphon funds from those below
Vatican Radio has published an unofficial translation of the text of the speech given by then-Cardinal Jorge Bergoglio from Argentina to his brother cardinals during the pre-conclave General Congregation meetings held prior to the voting to elect the new pope.
President Obama’s policy of support for the Arab Spring demonstrations that brought down the governments of Egypt, Tunisia, Yemen, and Libya in 2011 was supposed to usher in a new era of democratic reform in the Middle East. Instead, it
Chinese solar panel giant Suntech declared bankruptcy last week after it missed a $541 million payment to bondholders. Suntech, once the world’s largest solar panel maker, previously received a $2.1 million tax credit from the Obama Administration to open a
Even as the Department of Education prepares to make cuts to federally-funded schools on Native American reservations, the DOE is also offering a new six-figure job to promote “Educational Excellence for African-Americans.” Worse, the job seems to be going to
If they didn’t know it before, Americans are now gradually discovering that ObamaCare is not about health care; it’s about regulating the cost of health care and those who provide it. While many health care providers will soon be taking
Cypriot bank patrons say they were stunned and outraged by the unprecedented announcement of a possible one-time confiscation of up to 9.9% of ordinary savings accounts as part of Cyprus’s €10bn ($13 billion) eurozone bailout deal. “Nobody can understand how
Bill Maher blasted New York City, Mayor Michael Bloomberg Friday saying, “There is something wrong about the 7th richest person in the world, lying in bed at night saying, ‘You know what people shouldn’t do? Drink too much Sprite. And I’m
A provision buried inside Obamacare will force many employers to pay an extra $63 per employee next year. Analysts say most of the cost will likely be passed on to workers. “It’s caught most employers, if not all employers, by
Al Jazeera’s American headquarters will be in New York, and the network is looking at potentially using the old New York Times building for it. According to the Wall Street Journal, Al Jazeera has taken a look at various buildings, including the former Times building, for “a
This morning’s key headlines from GenerationalDynamics.com Stock market share prices may be going parabolic Facebook users reveal a great deal of personal information about themselves Chávez’s death may cost Russia tens of billions of dollars International Criminal Courts drops charges
The U.S. government has pumped $5.5 billion in federal grants and loans into manufacturing and promoting electric cars and batteries. But research by Bjorn Lomborg of the Copenhagen Consensus Center finds that a typical electric car driven 50,000 miles over
Senate Republican minority leader Mitch McConnell sent out a shocking photo showing what it looks like if you stack every page of Obamacare regulations one on top of the other. The stack reaches to more than seven feet in height
A New York state judge on Monday permanently restrained Mayor Michael Bloomberg from banning the sale of sugary drinks larger than 16 oz. from various restaurants, mobile food carts, and other establishments, ruling the law was “arbitrary and capricious.” According to
ESPN college basketball commentator Dick Vitale thinks college basketball players should get paid. “My feeling is with the millions that are being made by the schools and the billions for television rights, I definitely think the kids should get paid
In response to Where Exactly is the White House Making Sequester Cuts?: And meanwhile, you’ve got Eric Bolling and Sean Hannity making an utter fool of Obama by mounting a pledge drive to sponsor White House tours, while Speaker Boehner
The Federal Reserve’s quarterly “Flow of Funds” report issued Thursday showed U.S. family net wealth climbing $1.17 trillion at the end of 2012 to the highest level since late 2007. Household net worth, which includes the value of homes and
The U.N. Security Council approved new sanctions against North Korea on March 6 in response to North Korea’s latest nuclear missile test. The new sanctions were drafted by China and the United States, with the goal of making it more
The Associated Press has released a largely glowing, almost romantic obituary of the late Venezuelan leader Hugo Chávez, who died today. “President Hugo Chavez was a fighter,” the obituary begins, and proceeds to recount a highly selective version of Chávezs
China and the U.S. are introducing news sanctions against North Korea at the U.N. on March 5. This new resolution tightens existing sanctions against ballistic missile and nuclear tests and also contains sanctions on “the import and export of nuclear and
On Monday, Federal Reserve Vice Chair Janet Yellen said the Fed must continue its aggressive purchasing of $85 billion of bonds a month to stimulate the U.S. economy and spur employment. “At this stage, I do not see any (potential
European economic power house Germany is considering the pursuit of “fracking,” the drilling technique to extract natural gas from shale, because rising energy costs are causing energy-intensive industries to flinch from investing in Germany and threatening the economy. Although some
The business community, which was quite involved in the “fiscal cliff” arguments last December, appears to be less concerned about the budget cuts implemented by the sequester. As opposed to the way the community responded in December, lobbying on Capitol
On Wednesday, the U.S. Senate voted 71-26 to confirm Jack Lew as the next Treasury Secretary of the United States. Twenty Republicans joined Democrats to confirm Lew by a greater margin than his predecessor, Timothy Geithner. Leading the conservative charge
In an appearance Tuesday before Congress, Federal Reserve Chairman Ben Bernanke hailed his inflation record as “the best of any Federal Reserve chairman in the post-war period” and said Congress and the Obama Administration should delay looming sequestration spending cuts. “The
