A farmer in the communist collective of Xiaogang, a small village in eastern China, was starving, along with his family and his neighbors. At one of the political indoctrination classes he was forced to attend, Yan Junchang had a revolutionary idea: why not try privatizing the farms and letting the farmers keep what they grow?

With the announcement by Kathleen Sebelius, Secretary of Health and Human Services, that Trustmark Life Insurance Company’s recent increases in premiums for their health insurance were “excessive” comes the certain result: A few may be helped, but many will be harmed.

When Barnes & Noble announced its awful earnings per share losses on Thursday, it didn’t help any that its losses were so much worse than the company had projected just a month earlier. In October, Barnes & Noble estimated losses for its fiscal year at between 30 and 70 cents per share.

Inside the Lucky Dragon van sitting by the curb at the Chinese consulate in New York (left) is a couch, a folding chair, two Mac laptop computers and a printer running off the cigarette lighter/DC connector. On the side of the van is the name: Lucky Dragon Mobile Visa Consultants. They are serving 25 to 50 people every working day of the week. 

Republican presidential candidate Ron Paul noted on Tuesday that efforts to rein in government spending appeared to be in vain, due to an agreement reached with the White House during the recent debt ceiling negotiations. Congress would have to pass a joint resolution to oppose any extension of the debt ceiling, which President Obama is free to veto. Said Paul: “A default is becoming more mathematically unavoidable with ... every debt ceiling increase.”