While much of the world was distracted by the supposed clash over Ukraine between Russian strongman Vladimir Putin and Western politicians, the International Monetary Fund announced a bailout of the new Ukrainian regime denominated in the IMF’s increasingly influential proto-global currency known as Special Drawing Rights, or SDRs. Analysts are warning that the developments could have profound implications for the global monetary system and the economy — and especially for the United States, which is stealthily being set up for economic calamity as the U.S. dollar continues on the road to losing its prized status as the world reserve currency.
Behind the media's celebratory headlines about a victory over fracking is the plain and simple fact that this verdict was no victory over fracking.
Looking past Friday's rosy jobs report headlines from the Bureau of Labor Statistics reveals an economy that is far from robust.
The GM bailout debacle cost taxpayers far more than $11 billion, as was reported by the Detroit Free Press.
Wayne Crews, author of the Competitive Enterprise Institute’s annual report on the federal regulatory burden, has a problem: No one can imagine a trillion dollars — much less $2 trillion.