Punishing Banks Won’t Work
The best defense against bank failures isn’t regulation, rather the threat of bankruptcy.
United States
Tension? What Tension?
Discord between China and the United States should be overstated. Disputes can be resolved.
The Government of Whim
“We want our money back,” cried President Obama yesterday, “and we’re going to get it!” Announcing a Financial Crisis Responsibility Fee — a tax perfectly named for an era in which banks are held responsible for a recession that was beyond their control — the president promised American taxpayers that they would get “every single […]
Sino-American Relations Still Shaky
Secretary of State Hillary Clinton expects a “mature relationship,” but there is still plenty of confusion.
Capitalism Under Persecution
Twenty years after the end of the Cold War, capitalism is in recession. Capitalists have become a persecuted minority.
The Palin Brief
She overwhelmed the country as vice presidential candidate in 2008. The Left found plenty of reason to resent her and while initially hailed by Republicans as the hockey-mom voice of folksy America, conservatives soon found that underneath the no-nonsense layer of toughness that Palin exhaled, the then-governor of Alaska really had no intellectual depth at […]
Mitchell: Peace in Two Years
Where last month the European Council decreed that there can only be a two-state solution to the Israeli-Palestinian conflict with Jerusalem as capital of both nations, American envoy to the Middle East George Mitchell is more nuanced, stating that Israel “annexed” East Jerusalem so that “for the Israelis, what they’re building in, is in part […]
Deregulate the Banks!
Regulatory failure instead of a lax monetary policy bears the responsibility for the American housing bubble that produced the financial crisis of 2008, said Federal Reserve chairman Ben Bernanke this Sunday. Bernanke rejected accusations that the Fed contributed to the fostering of the recession and argued that the interest rates set by the bank between […]
Japan Must Get the F-35
Not too long ago, Richard D. Fisher Jr. writing for The Washington Times, argued in favor of letting Japan in on the groundbreaking F-22 fighter aircraft. Current American law prohibits Lockheed-Martin from selling the plane overseas. According to Fisher there were two good reasons for letting Japan have the Raptor. “First,” he wrote, “the F-22 […]
Bomb, Bomb, Bomb Iran?
Had we had another man for president this year, Iran’s nuclear facilities might well have been carpet bombed already. Certainly the United States would not have discouraged Israel from undertaking such a venture. But would it have been the smart thing to do? When even The New York Times advocates military action it must seem […]
Obama’s Real Test Year
Year’s end is near so journalists like to look back and beyond to what’s coming especially, it seems, for the Obama Administration. The president has had his fair share of “litmus tests” already: the overanalyzed “first hundred days” in office; his first foreign visits as head of state; the new Afghan war strategy; his Nobel […]
Why America’s Health Care is Broken
The United States spend more on health care than the rest of the developed world yet quality is often lower.
The Polluted Health Care Debate
The United States Senate sets to vote on a health-care bill over Christmas this Tuesday after what have been months of fierce political debate. As the opposition warned of “socialized medicine” and “death panels”, public support for “Obamacare” and the president himself understandably plummeted. Although America’s health care is among the most expensive yet one […]
Future Arctic Battleground
Global warming is rapidly changing the Arctic landscape. In the summer of 2008, for the first time in recorded history, the polar icecap retreated far enough to allow shipping north of Eurasia and North America; by 2013, these sea routes are expected to be completely ice free during the summer. The region promises more than […]
The End of American Ascendancy
After two decades of almost uncontested American hegemony, the sole superpower of our age is in decline. Or so we are told. The financial meltdown; the rise of China; the failed foreign policies of President Bush or Obama, depending on from which side of the aisle you approach the problem — all seem to indicate […]