Charles Scaliger

Thursday, 21 March 2013 00:00

Cyprus Openly Defies the EU

Four days into the worst crisis to hit the island nation since the 1974 invasion by Turkey, Cyprus’ lawmakers did the unthinkable and the unprecedented Tuesday: In voting unanimously to reject the levy on bank savings mandated by EU authorities in Brussels to pay for a bailout, Cyprus has become the first country to openly defy the will of EU financial Powers That Be and the international banking cartel that they serve.

 

 

Tuesday, 19 March 2013 10:45

Will the EU Sink Cyprus?

The specter of default has reached the shores of Cyprus, the latest country in the Eurozone to require an EU bailout in order to stay afloat. The island nation in the eastern Mediterranean has one of the smallest economies in the Eurozone, but, because of close financial ties to Greece, its finances have been on the ropes since the Greek debt crisis began. Now it’s time to pay the piper — and Cypriots are shocked at the price to be exacted by the international banking cartel.

In a stunning depiction of how bad our tax code has become, the Wall Street Journal on March 10 found that 60 major U.S. companies parked a total of $166 billion abroad last year, enabling them to avoid almost $100 billion in taxes. Otherwise put, around 40 percent of these companies’ aggregate total earnings were shielded from taxes — and also made unavailable for paying dividends or making investments in the United States.

Thursday, 21 February 2013 10:14

Obama the Deficit Hawk?

President Obama, on whose watch the federal debt has grown by more than $5.9 trillion, and during whose administration America has become drearily accustomed to annual deficits measured in the trillions, is now boasting about cutting the deficit.

Wednesday, 20 February 2013 09:03

It's Baaack! Obama's Minimum Wage Folly

When President Obama announced a proposed hike in the federal minimum wage rate in his State of the Union address last week, the reaction was swift. House Speaker John Boehner spoke for most Republicans in condemning the increase (from the current $7.25 an hour to $9.00), reminding his colleagues that “when you raise the price of employment, guess what happens? You get less of it.”

Tuesday, 19 February 2013 17:23

Fiscal Debt: Charging Ahead

Congressional fiscal debates are making headlines, but in reality our representatives are unlikely to substantially cut spending — despite the harsh consequences of failing to do so.

Wednesday, 09 January 2013 13:13

Fiscal Cliff Repercussions

Now that President Obama and most of his key congressional allies are safely re-elected and the so-called “fiscal cliff” negotiated, the full consequences of the most recent elections are coming into view. Despite repeated assurances he would not raise taxes on any but the wealthiest Americans, the president (with the grudging support of many congressional Republicans), has — before even being sworn into his second term in office — enacted massive tax hikes that will affect almost every working American.

Monday, 24 December 2012 20:15

Rise of Christendom

Christians, despite facing intermittent bouts of slaughter at the hands of Roman leaders, not only grew in numbers over the centuries, they eventually subsumed Rome’s empire.

Friday, 23 November 2012 10:00

Political Predictions: Obama's Second Term

With Barack Obama in the presidency for a second term and Democrats still control the Senate, we can forecast U.S. foreign policy, financial policy, and government growth.

Friday, 16 November 2012 13:35

Talks of Carbon Tax After Hurricane Sandy

In the wake of Hurricane Sandy and Democratic gains in the 2012 elections, a radical old idea is getting a second look inside the Beltway. Faced with the challenge of raising revenues to pay for exploding federal government costs that neither party has any interest in reducing, the carbon tax is suddenly attracting the interest of the Left and Right.

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