JUNE 17, 2011 The longer banks hold rotten paper, the likelier a second financial crisis becomes. By John H. Cochrane And Anil Kashyap Greek debt is in trouble—again. After a month of dickering, it seems likely that the International Monetary Fund and the European Union will agree to roll over Greece’s debt so bondholders will […]
EUROPE’S GREEK STRESS TEST Read More »
JUNE 15, 2011 Notable & Quotable Lawrence B. Lindsey on how the Federal Reserve has forced itself into keeping interest rates low. Economist Lawrence B. Lindsey writing in the Weekly Standard, June 13: Right now, thanks in large part to Federal Reserve policy, Uncle Sam can borrow at an average cost of just 2.5 percent.
THE FED IS IN A BOX Read More »
JUNE 15, 2011 At a time of crisis a wasteful federal agency gets $200 million more. By JIM DEMINT Long before there was President Obama’s stimulus, there was the Economic Development Administration. The EDA was created in 1965 with the same high-minded intent used to usher in the $814 billion stimulus bill in 2009. Set
WHY ARE TAXPAYERS PAYING FOR WINE TASTING? Read More »
By GARY D. ROBERTSON Associated Press Wednesday, June 15, 2011 A North Carolina state government budget written by Republicans that cuts taxes, scales back environmental controls and trims courts and dozens of agencies became law Wednesday despite Democratic Gov. Beverly Perdue’s arguments it would eliminate tens of thousands of jobs. The two-year spending plan took
NC LAWMAKERS OVERRIDE HISTORIC PERDUE BUDGET VETO Read More »
JUNE 11, 2011 ‘On the Beach, I Bring von Mises’ The tea party favorite on her start in politics, where she learned her economics, and why she disagrees with Reagan on the War Powers Resolution. By STEPHEN MOORE “If I’m in, I’ll be all in,” says Rep. Michele Bachmann of Minnesota, artfully dodging my question
AN INTERVIEW WITH MICHELE BACHMANN Read More »
Printed from the News & Observer – www.NewsObserver.com Published Sat, Jun 11, 2011 A look at where legislation stands Find a bill The N.C. General Assembly’s web site allows visitors to search for bills by number or by key words: www.ncleg.net/. Keep up with the latest breaking news from the legislature at our Under the
FOLLOW NC LEGISLATION IN PROGRESS Read More »
US NEWS America’s Fading Exceptionalism Only serious leadership on immigration, the national debt, and unemployment will make America great once again By Mortimer B. Zuckerman Posted: June 10, 2011 Our 21st century does not seem to be on course to be described as the “American century,” the title indubitably merited for the 20th century. For
AMERICA’S FADING EXCEPTIONALISM – MORT ZUCKERMAN Read More »
INVESTORS’ BUSINESS DAILY June 9, 2011 Europe Is Warning Us By Victor Davis Hanson ROME — If Americans think fuel and food prices are high, they should try Europe, where both can nearly double those in the United States — while salaries here are often lower. Italians, like most now-broke Southern European countries, are desperate
EUROPE IS WARNING US – VICTOR DAVIS HANSON Read More »
