While Republicans have touted savings in the passage of continuing resolution after continuing resolution, it seems the military operations in Libya may eliminate any of the celebrated savings. Since the beginning of March, Republican leaders have boasted spending reductions amounting to almost $300 million per day. Unfortunately, that victory may be short lived as President Obama has embarked on additional military operations in the Middle East.
When the Congressional Budget Office’s preliminary analysis of the Obama Administration’s 2012 budget was announced last week, observers were shocked — shocked! — to learn that deficits over the next 10 years would be nearly $10 trillion, almost $2½ trillion more than the administration’s estimate.
President Barack Obama's imprudent moratorium on drilling for oil in the Gulf Of Mexico cost not only the Gulf region but also the nation billions of dollars and tens of thousands of jobs.
After the Supreme Court refused to hear an appeal of lower-court rulings, the Federal Reserve must release information within five days about its “emergency” bailouts of large banks and financial institutions undertaken in 2008 under the guise of saving the financial system.
Claiming that granting a “tax holiday” for her company (and other large multinationals) would be beneficial to the United States, Oracle President Safra Catz said that such a holiday would allow earnings sitting in idle accounts abroad to be “repatriated” and freed up for better use here in the United States. “It’s an absolute no-brainer,” she said. If the money flows back to the United States, “it will create jobs.” If it stays where it is, it will wind up “funding everybody else’s economies and banks.”
In the realm of online news, the New York Times is one of the premier go-to sites that hundreds of thousands of news surfers around the world check in with every day. On March 18, the Times announced that it would end the free usage online readers have accessed for the past 15 years, and would begin to charge for unlimited access to its site.
The House Domestic Monetary Policy and Technology Subcommittee concluded in hearings March 17 — apparently boycotted by committee Democrats — that the Federal Reserve Bank's inflationary policies were hurting retirees at the expense of the economy's financial sector. The House Domestic Monetary Policy and Technology Subcommittee is chaired by Representative Ron Paul (R-Texas), a longtime critic of the Federal Reserve's inflationary policies.
Food prices are rising quickly around the world. Part of the problem is weather. The winter wheat crop in China has been poor. Australia has suffered floods, while Russia has undergone a drought. The earthquake and tsunami in Japan, no doubt, will hammer the very intensive agricultural production of the limited arable land on that archipelago.
While the mainstream media have jumped at the opportunity to report on possible nuclear meltdowns in Japan, alerting Americans on the west coast to beware potential radiation (and are also likely to use the opportunity to push an anti-nuclear energy agenda), they have wholly ignored the more critical impending meltdown: that of the Japanese bond market, which would have a severe impact on the American market.