Item: The Associated Press reported on July 15 on the UN’s proposed Arms Trade Treaty to regulate weapons worldwide: The French Ambassador, Eric Danon, “said the treaty aims to regulate the legal trade of conventional weapons for the first time by requiring countries to track arms exports and imports and help fight the illicit weapons trade. Countries are debating whether the treaty should also track bullets and other ammunition.”

The true costs of ObamaCare continue to rise, as budget projections under the healthcare law are being understated by as much as $50 billion per year, according to a new report from Cornell economist Richard Burkhauser and his colleagues from Cornell and Indiana University. This alarming revelation is due to official budget forecasts that neglect to account for employees’ spouses and children — which could result in hundreds of billions more in taxpayers’ dollars over the next 10 years.

Texas Governor Rick Perry will try to take a share of the spotlight shining on the Ames Straw Poll in Iowa on Saturday and direct it to the East Coast, where the yet-undeclared presidential hopeful will be the star attraction at Republican events in two key early primary states on the same day.

Republicans and Democrats may be at loggerheads about the debt ceiling and what to cut from the budget, but they agree on one thing: It’s OK to bill the taxpayers for gourmet coffee, pricey pastries, and bottled water.

Until recently, Herman Cain was a largely unknown businessman whose major claims to fame included a high-level appointment in the Federal Reserve System and some degree of success in the private sector. But after an early GOP primary debate hosted by Fox News, his name exploded into the headlines as that of a serious contender for the 2012 Republican nomination.