Banking

WHAT CONGRESS SHOULD CUT – DICK ARMEY

JANUARY 19, 2011 Let’s scrap the Departments of Commerce and Housing and Urban Development, end farm subsidies, and end urban mass transit grants, for starters. By DICK ARMEY AND MATT KIBBE The primary economic challenge today is that our government spends too much money it doesn’t have, and it is involved in too many things […]

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JOHN LOCKE FOUNDATION – MORNING UPDATE

January 17, 2011 – carolinajournal.com Carolina Journal Exclusive State May Get No Pension Help From Washington By Anthony Greco RALEIGH — While no specific bailout plans are under consideration, U.S. Rep. Jason Chaffetz, R-Utah, has introduced H.Res. 23, stating Congress’ opposition to any federal intervention meant to “bail out state and local government employee pension

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BOOK REVIEW – THE FORGOTTEN MAN

By Amity Shales From the Roaring Twenties to the bleating nineteen thirties the American economy entered like a lion and left like a lamb–the Great Depression was at hand. In addition to the infamous market crashes, unemployment rose to almost a quarter of the total population, international trade slowed, deflation abounded, banks failed at an

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A WORLD IN CRISIS

Published on The Weekly Standard (http://www.weeklystandard.com) A World in Crisis What the thirties tell us about today. Matthew Continetti January 3 – January 10, 2011, Vol. 16, No. 16 On December 13, 1931, there was a traffic accident in New York City. A man exited a cab on the Upper East Side and was crossing

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THE MARKET FLASHES ‘CAUTION’ ON U.S. TREASURYS

JANUARY 14, 2011 The forward five-year annual inflation rate has increased 94 basis points to 2.90%, which is now above policy makers’ unofficial target of 2%. By NEEL KASHKARI AND STEVE RODOSKY Many politicians talk about America’s large and growing federal debt, but they’ve taken little corrective action. We know that our political system responds

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THE CONGRESSIONAL ACCOUNTABILITY ACT

JANUARY 14, 2011 A proposal to ban regulation without representation. One of the most important political stories of 2011 will be regulation, as the backwash of the outgoing Congress hits the federal agencies and the White House drives its agenda via rule-making rather than democratic consent. Republicans are vowing to thwart these maneuvers, but the

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JAPAN, THE ITALY OF ASIA

JANUARY 6, 2011 The Italy of Asia Japan’s entitlement dilemmas are a warning to Washington. Japanese politics is once again in turmoil, with the government’s approval ratings around 20%. Prime Minister Naoto Kan is trying to force out his rival within the Democratic Party of Japan, Ichiro Ozawa, which might boost his own popularity but

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DALEY – THE CHICAGO WAY

CHICAGO TRIBUNE Chief of staff pick just another cog in the Daley machine By John Kass      January 7, 2011 As President Barack Obama knighted Chicago’s William Daley as his new chief of staff — and kept the Daley machine in control of the executive branch of our federal government — I couldn’t help thinking of

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CRISIS IN EUROLAND

The American Spectator : Crisis In Euroland The American Spectator Letter From Paris By Joseph A. Harriss on 1.4.11 The euro, that artificial Funny Money used by 331 million Europeans in17 nations — the 17th, Estonia, joined the euro just this week — was conceived in sin and born in corruption. The New Year brings

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WHEN STATES DEFAULT: 2011, MEET 1841

THE GAME JANUARY 4, 2011 By DENNIS K. BERMAN Land values soared. States splurged on new programs. Then it all went bust, bringing down banks and state governments with them. This wasn’t America in 2011, it was America in 1841, when a now-forgotten depression pushed eight states and a desolate territory called Florida into the

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