Recall that the 911 attack was made by a group of "air pirates" using not much more than razor blades and surprise. Yet, Romney wants to build a strategic missile defense system. Why?
I remember sitting at the dinner table with my parents at 8 years old. During that season, the “no elbows on the table” rule was in full force. In addition, my mother constantly chided me for using slang as opposed to proper English. Those 3-4 years seemed like hell on earth, Nonetheless, years later, I could trace my success in school to my family dinner table and a few great teachers.
There were rumors that Turkey requested aide from NATO to help it deal with its neighbor, so intent on killing its own citizens it would attack sovereign nations. Thousands of refugees have poured into Turkey and Lebanon, fleeing the bloodthirsty dictator Assad.
The time has come for me to announce my preferred candidate for the 2012 presidential election. And I’m making this much-anticipated announcement even though I won’t be casting a vote.
The federal tax code is getting uglier every year as politicians from both parties add more credits, deductions and other special breaks. In the first year of the income tax in 1913, the 1040 tax form came with just one page of instructions. This year the instruction book for the 1040 is 189 pages long.
None of the price moves in precious metals show any conviction on direction and the softness in the metals market is matched by a lack of direction in equities as investments across the board drift sideways in an unusually lengthy period of indecision.
Institutional Revolutionary Party presidential candidate Enrique Pena Nieto, the front-runner in the lead-up to Mexico's presidential election in July, expressed a desire to create a new national gendarmerie, or paramilitary police force, to use in place of the Mexican army and Marine troops currently deployed to combat the heavily armed criminal cartels in Mexico's most violent hot spots.
Arizona might be going to the U.S. Supreme Court yet again. A federal appeals court upheld part of the Grand Canyon State’s voter-ID law, but struck down another part of Arizona’s law as inconsistent with a 1993 federal law.
There is a reflexive desire among a certain species of moderate Republicans to be perceived as "civil" by liberal opponents who believe that the mere existence of free-market, limited-government conservatism is an indecent affront to humankind. All aboard the U.S.S. Lost Cause.
Thomas Sowell is not only one of the finest columnists in the business, he's a prolific author, a brilliant economist, and he has an incomparable knack for simplifying complex concepts that few other human beings can match. Enjoy the distilled wisdom!
Ten years ago, perky actress Jennifer Love Hewitt tried to jump-start a music career with a song titled "Bare Naked." Now she's trying that attention-grabbing tactic again with a sleazy new Lifetime series called "The Client List." She plays a massage therapist who turns tricks.
It's going to be bait and switch for as far as the eye can see. That's how it looks now that the smoke has cleared after the recent "Mommy War" skirmish over Democratic operative Hilary Rosen's comment that mother of five Ann Romney had "never worked a day in her life."
It’s hardly good news when unemployment claims are going down week to-week because you are sharply revising previous claims upward.
"Where are all the moderate Muslims?" It's a question often posed by Americans who watch with disgust as the Council on American-Islamic Relations and other apologists for radical Islam hog all of the attention. CAIR, which was named as an unindicted co-conspirator in the terror financing Holy Land Foundation case, and which regularly denounces any effort to combat radical Islam as anti-Muslim prejudice, is routinely described in the press as a Muslim "civil rights" group.
Dick Clark, who died Wednesday at 82, was called "America's oldest teenager." That's not only because he looked so good late into life, but also because he carried with him the teen memories of those of us who grew up watching "American Bandstand" on glorious black-and-white, small-screen television sets.
My dear friend and fellow Marine Joe Foss -- a Medal of Honor recipient -- would ask me occasionally, "What were you thinking?" The question usually was prompted by my missed shot on a hunt or when he heard me make a confusing comment on radio or television.
Rosen vs. Romney is not exactly high noon at the Powder Puff Arena. But it provides an insight or two in the gender games at the center of the culture: Trendy lesbian working mom, a public relations strategist raising adopted children, attacks traditional super mom for staying home to raise five sons.
If Mitt Romney is to have any chance of beating President Barack Obama in November, he must win a larger share of the Hispanic vote than current polls suggest he will. And he won't unless he solves his immigration problem.
The contretemps over Obamacare and the outrage in the religious community over the Administration’s forcing contraception and abortifacients down the throats of religious employers are the philosophical embodiment of the “fat guy in a little coat” scene from the film Tommy Boy.
Less than two months after E.J. Dionne wrote an embarrassing column showing he didn’t understand the difference between untrammeled majoritarianism and a constitutional republic, the Post publishes a terrific piece by George Will on the proper role of the Supreme Court.
With its hostile response to a recent American Energy Alliance ad, the Obama reelection machine recalled the player queen in Shakespeare’s “Hamlet.” The president’s camp doth indeed protest too much. The question is, What’s got the Obama campaign running scared?
There's an old saying on Wall Street that investors should look to the income statement for upside and the balance sheet for downside protection.
Unfortunately, a flurry of news reports coming out about many of these companies paints a grim picture for investors. I believe millions of investors are running the risk of losing money, especially with the upcoming Facebook IPO, which will draw a lot of attention and could mean sky-high valuations.
For the past five years, every dawn has brought additional evidence of the fact that Planned Parenthood and its allies in the abortion industry cannot be trusted to tell the truth about the one thing they should know well – abortion.
"The fax shall make you free." Albert Wohlstetter, the great Cold War strategist, recipient of the Presidential Medal of Freedom, said that back in 1990. He was right: The advent of fax machines, Xerox copiers and other then-cutting-edge communications technologies was an enormous boon to the free flow of information.
What can we learn from allegations against a half-dozen supervisors in the Government Services Administration for wasting, and perhaps stealing, taxpayer dollars on foolishness in Las Vegas, and against a dozen Secret Service agents for dangerously procuring prostitutes in Cartagena, Colombia, while there to prepare for a visit by the president?
The oppressive monster known as the Environmental Protection Agency (EPA) is not just killing jobs these days – it is intentionally avoiding transparency that may shed light on the political motivations behind the agency’s actions.
Stand Your Ground laws are not at issue in the George Zimmerman/Trayvon Martin controversy. But the tragic death of young Trayvon is only seen by those on the left as a valuable media opportunity to further exploit the millions of gullible Americans.
The left’s latest target du jour is ALEC, the American Legislative Exchange Council. ALEC is a nonprofit, nonpartisan membership organization for state legislators.
History is not simply dates, events and results. Instead, it's people's lives, their hopes and dreams, their situation and their outcomes based on their and other people's actions. While history is learned by looking backward, knowing the outcome, life is lived marching forward, unsure of what might happen.
Some 20 million Americans in primaries and caucuses will take part in selecting the Republican presidential nominee. One person will choose the vice presidential nominee.
Calling America's criminal justice system "racist" is not confined to "civil rights leaders" like the Revs. Jesse Jackson and Al Sharpton. Then-Sen. Barack Obama, during the 2008 presidential campaign, said it, too. Blacks and whites, said Obama, "are arrested at very different rates, are convicted at very different rates (and) receive very different sentences ... for the same crime."
Americans are treating the so-called recovery more like a sighting of Big Foot than an economic reality. They know people who say they have seen it, they just really don’t believe that for them, personally, Big Foot exists.
Who should we tar and feather for the scandalous spending spree at that General Services Administration “conference” in Nevada two years ago? Whose fault is it that a bunch of GSA bureaucrats wasted money on $44 breakfasts, a clown and a $75,000 bicycle-building exercise? Not the GSA’s bosses. Not the Obama administration. I pin the blame on Watergate and Congress.
In the 1962 Howard Lindsay-Russel Crouse-Irving Berlin Broadway musical, "Mr. President," one of the songs in the production is titled "The Secret Service," which begins, "the Secret Service makes me nervous..." If allegations are true that at least 11 Secret Service agents and several members of the U.S. military consorted with prostitutes prior to President Obama's arrival in Cartagena, Colombia, it should make a lot of people nervous.
Unless something unexpected takes place, Florida can already claim the top spot in deciding recent presidential nominations, both for Republicans and Democrats, and is poised to be, along with a handful of states, a pivotal swing state in the November elections.
Watching Space Shuttle Discovery soar over the great American monuments in DC on the back of a 747, gutted and consigned to a museum, brought back wonderful memories of America’s marvelous achievements. Yet it also reminded us it was our triumph in the space war that bankrupted the Soviet Union and created a bitterness they shall never forget.
The US and European embargo of Iranian oil is one of the factors behind the stubbornly high price of crude, trumping the huge slump in petroleum demand in the US.
The smell of pot roast escapes from the lid of the slow cooker and wafts down the hallway to my home office. My washer and dryer hum harmoniously in the distance while generating hours’ worth of laundry for me to fold tonight after dinner.
Picture Obama trying to belly up to the bar and be one of the guys. After spending the day with Bill Ayers at the Annenberg Foundation, he’d engage in meaningful debate and teach these hard core capitalists a lesson. However, traders have a really good BS meter. They probably called “BS” and told him to take a hike
This week’s hearings on the General Services Administration (GSA) spending scandal may be ruffling some feathers, but regardless of how the event is painted by either side, the truth is that we have yet another case of severe tax-dollar waste within an administration, who, time after time, has lauded transparency and accountability.
California Democrat John Garamendi has found himself in one of the most competitive races we’ve seen in the Golden State in years.
Now we’re back to the hard-to-answer questions. When is government too big and when does it impose so many demands that people are justified in evading taxation? I’m not sure, but I’ll fall back on what former Supreme Court Justice Potter Stewart said about pornography: “I know it when I see it.”
Something wonderful unfolded in American politics the last few days. Almost immediately after Rick Santorum dropped out of the Republican presidential hunt, David Axelrod and the Obama reelection team unleashed the class-warfare cannons.
Recently, we have been besieged with news reports about hamburger. The question is whether hamburger containing a type of meat called lean finely textured beef (LFTB) is safe and should be part of our diet. As a mom, this naturally raises a red flag, but before anyone decides whether to sell or serve hamburger with LFTB, it is necessary to discover and clarify the facts.
There's a scene in the movie "Pretty Woman" where the kindhearted hooker played by Julia Roberts asks her client, portrayed by Richard Gere: "Who do you want me to be?" Regardless of who she might really be, she realizes that it's far less attractive than a tabula rasa onto which her client can project his own desires, and around which she can then build a tailor-made palatable persona.
“The whole concept of corporate tax reform,” President Obama said on announcing his new plan to accomplish the task, “is to simplify, eliminate loopholes, [to] treat everybody fairly.” It is a theme he has repeatedly emphasized: making the tax code more equitable so that everyone pays their fair share. But like most of the president’s initiatives, the rhetoric does not reflect the reality.
HOLOCAUST REMEMBRANCE DAY always falls during the week that follows Passover. At first glance, the two would seem to have little in common -- one memorializes the millions of European Jews annihilated by Nazi Germany; the other commemorates the deliverance of the Jews from slavery in ancient Egypt.
The President and Google co-Founder Sergey Brin are at odds. While Brin argues that unnecessary regulations inhibit entrepreneurship and innovation, Obama takes the position that government - and regulatory schemes - makes entrepreneurship and innovation possible.
Stop the presses: Big-spending Democrats are finally up in arms over a federal boondoggle. Details of the U.S. General Services Administration bacchanalia get worse by the day.
It's difficult to be a good economist and simultaneously be perceived as compassionate. To be a good economist, one has to deal with reality. To appear compassionate, often one has to avoid unpleasant questions, use "caring" terminology and view reality as optional.
"The choice in this election is between an economy that produces a growing middle class and that gives people a chance to get ahead and their kids a chance to get ahead, and an economy that continues down the road we are on, where a fewer and fewer number of people do very well and everybody else is running faster and faster just to keep pace."
This administration has serious issues when it comes to boundaries. I don’t know if Obama was held too much as a child or not held enough, but when it comes to taxes, healthcare, regulatory orders, race issues, food choices, Obama’s got a Super-Freudian case of separation anxiety.
Why now? That’s the one question about the present push for the “Buffett Rule” that President Obama can’t answer – at least not without exposing his own proposal as the shabbiest, sleaziest sort of partisan posing.
America is a land of class mobility. That's what makes America a magnet destination for people all over the world: Come to America and make something of yourself.
This week, President Barack Obama is taking the fight to "oil speculators" and "market manipulation" (nee "free enterprise"), demanding that traders put up more money for transactions and government ratchet up enforcement and monitoring.
Bashir al-Assad's Syrian dictatorship is fighting a "creeping war of repression" hideously similar to the "creeping war of aggression" Slobodan Milosevic's Serbian dictatorship pursued, first in Croatia and then Bosnia, precisely two decades ago.
Call it the lament of the young, single woman: there are no good men left. Or if there are, where are they?
Political campaigns make strange bedfellows. In some cases, they attract seemingly unrelated groups who donate money for a cause they both support.A perfect demonstration of this was seen recently in Anchorage, Alaska, where the push to amend the city’s non-discrimination code to include “sexual orientation” and “transgender identity” brought together Tim Gill, the National Gay and Lesbian Task Force, and Planned Parenthood of the Great Northwest.
If you are reading this column online at work, you may be committing a federal crime. Or so says the Justice Department, which reads the Computer Fraud and Abuse Act (CFAA) broadly enough to encompass personal use of company computers as well as violations of fine-print website rules that people routinely ignore.
Precious metals are holding a comfortable range in spite of a U.S. economy that continues to show signs of recovery. My guess is the fear of inflation is keeping gold prices afloat along with the general sense that the recovery is not all that solid.
as Americans pay their taxes by today’s deadline, we might note that trying to get more money from upper-income taxpayers is like playing whack-a-mole. So long as tax rates are high, rich people will figure out ways to protect their income.
Last week, Democratic strategist Hillary Rosen provoked outrage from the Right when she suggested that Ann Romney is not qualified to speak about women's economic concerns because "she's never worked a day in her life." Many Democrats, the President, First Lady, and Vice President among them, moved quickly to distance themselves from these sentiments, declaring Rosen's comments out of line.
If your illness has not made the CMS mandate list, or does not have a Congressman to write an earmark for the care of your condition on their bill, you will be out of luck.
In a marriage, those decisions should be made together with input from both the husband and wife. Remember, God didn’t unite some kind of joint business venture.
An earlier column, “Homo Politicus,” offered an explanation of why Washington does not learn from experience. (Recap: Washington elites rarely operate from observed results. Rather, they mostly emulate higher status members of their society — much as do chimpanzees and other primates.)
By applying the seasonal adjustments the BLS uses for April it suggests the BLS may report an uptick in the unemployment rate from 8.2% to 8.5%.
The multinational negotiations held over the weekend in Turkey with the ostensible purpose of halting Iran's nuclear weapons program will be followed by - drum roll - yet another round of talks in late May. Not surprisingly, the Iranian regime is calling this diplomatic exercise "a success."
I would love to take a break from writing about gay-related issues, but it’s hard to keep silent in light of some of the things taking place here in America and in the UK.
Apparently the soaring national debt and the threat of a nuclear Iran are not enough to occupy the government's time, because the Obama administration is pushing to force Westchester County, N.Y., to create more low-income housing, in order to mix and match classes and races to fit the government's preconceptions.
President Barack Obama and U.S. Attorney General Eric Holder's Justice Department have a new obsession to obstruct any state's passing of voter identification laws, even recently attacking South Carolina and my own state of Texas. Holder calls voter ID laws "unnecessary" and says voter fraud "doesn't exist," but new video proof in his own voting precinct proves otherwise.
Picking out the most disturbing moments of Barack Obama's presidency is kind of like trying to choose the wettest parts of the ocean. Other than his "Even a blind squirrel sometimes gets a nut" moment where he said "yes" when the SEALS asked if they were allowed to kill Osama Bin Laden, his entire presidency has been one long, slow motion bamboo shoot sliding under the country's fingernails.
Despite years of governments, corporations and general do-gooders spending huge dollars on marketing, public relations and soft sales to get consumers to accept “green,” it turns out that 99% percent of Americans still do what makes the most economic sense for themselves and their families. Hurrah for the One Percent!
"Romney Camp Stumbles on Pay Equity Question" crowed The New York Times last week. "The Caucus" blog was referring to a conference call in which Romney top aides "seemed uncertain" about how to respond to a question about whether the former governor supported the Lilly Ledbetter Fair Pay Act.
As all baseball fans and many other Americans know, the manager of the Miami Marlins, Ozzie Guillen, told Time magazine that he loves Fidel Castro.
After a few weeks of recess, Members of Congress will return this week to address a number of issues, including the budget, transportation bill and Buffet Rule. One of the issues that will likely come to a vote in the U.S. Senate in the coming weeks is a joint resolution of disapproval under the Congressional Review Act, which seeks to reverse a recent regulation promulgated by the National Labor Relations Board (NLRB).
President Barack Obama calls his proposed tax on millionaires the "Buffett rule," based on financier Warren Buffett's claim that he pays a lower tax rate than his secretary. Obama claims that the "Buffett rule" asks millionaires to "do their fair share" by paying the same income tax rate that middle-class families pay.
As his audience clapped and squealed like seals last week a smirking Bill Maher gushed that: “Castro is a Bad*ss because we (the U.S.) have been trying to kill him for 60 years!” His trained seals howled and clapped --not at the (alleged) assassination attempts, obviously-- but at their failure against the mass-murderer who had craved to nuke them.
Those in Congress who have made distinguished careers sneaking tricky little passages into the tax code to favor the special interests they represent, or just hope to solicit for a campaign donation, aren't interested in undoing this elaborate trap for the average taxpayer.
Hilary Rosen's attack on Ann Romney by saying that, although she raised five children, she "never worked a day in her life" perfectly fits the definition of a gaffe. A gaffe is a statement that reveals what the spokesperson really thinks but turns out to be embarrassing when it is publicly discussed.
Most presidential-year debates turn out to be worthless, assuming they turn out to be actual debates. For which dreary datum there's an unbeatable reason. Presidential-year bombast isn't about policy, it's about positioning -- finding the most flattering camera angle from which to pose for the voters.
Simply stated, in the absence of competitive pressure, politicians will over-tax and over-spend until the welfare state collapses of its own weight.
While Keynesians, monetarists, and the like communicate with each other via indecipherable code printed in academic journals that exist to gather dust in vacant college libraries, Austrians continue to explain what's happening in the real world.
The people of California are burdened with an insatiable state government that devours enormous troughs of tax money and excretes it as commerce regulations, leaving a trail of defeated aspirations and more dependents than any other state in the union.
If there is a single defining feature of those on the political Left, it is their unswerving conviction that the best and most dependable antidote to any social ill is a healthy dose of government intervention. “Big Brother is watching you” doesn’t ring as an ominous threat in their ears; it’s the warm assurance of ultimate security and protection.
On Dec. 1, 2008, President-elect Barack Obama offered World AIDS Day remarks at Rick Warren's Forum on Global Health. Obama concluded, "In the Apostle Paul's letter to the Corinthians, he asked, 'If the trumpet does not sound a clear call, who will get ready for battle?' We as leaders must continue to sound that call?...?and defeat this disease."
When President Obama made his famous declaration about how he was confident that “that the Supreme Court will not take what would be an unprecedented, extraordinary step of overturning a law that was passed by a strong majority of a democratically elected Congress,” many observers figured the chief executive missed April Fools’ Day by a single digit.
"Botched." That is the word the mainstream media too often associates with the federal gunwalking scandal known as Operation Fast and Furious, but in her new book, investigative reporter Katie Pavlich fearlessly chronicles exactly why the only thing "botched" about the ill-fated operation was the Obama administration's shoddy attempt to cover their tracks.
In my new book, Fast and Furious: Barack Obama’s Bloodiest Scandal and Its Shameless Coverup, I document the conspiracy of senior Obama officials to subvert the Second Amendment, which led directly to the murders of Border Patrol Agent Brian Terry, I.C.E. Agent Jaime Zapata and countless, faceless lives in Mexico. It debunks the Obama administration’s lies, denials and excuses. This administration was willing to use humans as collateral damage to push a political agenda, and had no shame in doing so. Now, the administration has no shame in covering up their reckless actions.
How much will Obamacare -- call it the Patient Protection and Affordable Care Act if you like -- cost over the next 10 years?
Tyranny is never more than a generation away. Those who wish to impose tyranny prey upon the ignorance of those they wish to subjugate. Knowing that it is easier to deprive people of their rights if they are unaware of their rights, academic elites often forsake their responsibilities in order to further their own political goals. In other words, they seek to preserve ignorance, rather than advance knowledge.
You have got to give credit where credit is due. President Barack Obama has laid out the core message of his re-election campaign. It is a message whose claims are blatantly false and whose point is irrelevant to what is of greatest concern to Americans today.
Democrats want to raise taxes in the name of deficit reduction and then blow the money on a remodel job on the basement of the Alamo. Because if the last three-and-a-half years have proven anything, it’s that on any major issue, the solutions liberals prefer is just another of the Democrats’ version of a basement in the Alamo.
Each week the De Pasquale's Dozen asks political figures and free market-minded writers and entertainers to take a break from politics and talk about their pop culture obsessions.
When in doubt, President Obama is quick to push for more government regulations as a universal cure to all problems. No matter what the problem, be it health care, financial reforms, small business growth, taxation, Team Obama tells Americans that new regulations that will expand governmental control and operations, are vital.
I watched – several times – President Obama’s absurd statement on the Supreme Court’s obligation to endorse his humongous health care bill. He proved yet again that he is grossly arrogant, utterly ignorant, a shameless liar, or perhaps all three. It is now abundantly clear that this man deserves the re-election vote of virtually no American.
In 2010, congressional Republicans unveiled their Pledge to America. Its purpose was two-fold; first, show swing voters that they had an agenda; and second, reassure conservatives they would not repeat past mistakes, which left conservatives hungover from an era of big-government conservatism that included everything from earmarks and disastrous highway bills to Medicare Part D and No Child Left Behind.
While the Saeed case is clearly a political matter rather than a pure law enforcement or intelligence issue, the case has focused a great deal of attention on Rewards for Justice, and it seems an opportune time to examine the history and mechanics of the program.
At what point in a nation where approximately 80% of the citizens identify themselves as "Christians" will Christian candidates defend themselves and their faith from the bigoted and deliberate smears of far-left journalists?
The digital world has generated hours of shadow work. Travel agents are going the way of the Dodo bird while we log in and book our own plane flights, rental cars, and hotel reservations. Once we get to the airport, we deal with self-serve kiosks until it's time to cross the TSA border where a human hand is provided but unwanted.
As goes the French economy, so goes the reelection chances of French president Nicolas Sarkozy. Although Sarkozy leads in round one, polls show that lead is shrinking at a pace that suggests he will not carry round one.
According to the U.S. Department of the Interior (DOI), the Gulf of Mexico is home to roughly 75% of the nation's undiscovered offshore resources -- the bulk of which has been off limits to U.S. oil companies for years. But starting June 20, 2012, that's all about to change.
Citing the global freight rail market, the company now sees $1.20 for the quarter and $4.80 for the year (Wall Street consensus coming into the session was $1.02 and $4.37). I couldn't help but notice that a rail player was talking up its numbers and global demand.
This is the third year in a row that the goon squad in the White House has claimed that the economy is finally gaining traction, only to have the economy slow down “unexpectedly.” Look for “unexpectedly” to make a come back from last year’s overuse by the MSM.
And the Anne Romney has “never worked a day in her life” flap is just the latest example of left-wing dogma colliding with mainstream America. Granted the strategic insulting of Mrs. Romney last week originated from Hillary Rosen, a liberal Democrat pundit, and not President Obama himself (although Ms. Rosen claims that she’s received numerous calls from the White House echoing support for her efforts to malign Mitt Romney’s wife). Yet it in the week prior, President Obama noted at a White House forum on women that in the early days of his marriage and career, he and his wife Michelle didn’t “have the luxury for her not to work.”
When the former junior state senator from Chicago, one Barack Obama—a man no one knew diddly about—decided, “Hey, I’m gonna run for president!” people were eager to learn more about this promising upstart.
“Being a Mormon isn't an easy path.” Heather Beeseck, a sophomore secondary education major at Potomac State College, would know. She has been involved with the Church of Jesus Christ of Latter Day Saints for two years and was baptized into the faith on August 6, 2011.
Last year, as violent strife engulfed Libya and a dictator made war on his opponents, the Obama administration balked at military intervention to topple the regime. This year, as similar events occur in Syria, it is balking again. But as we learned from Libya, that's no reason we won't eventually wade right in.
I’m a bit disappointed that some of my fellow women have bitten the bait thrown to them by Democratic operatives promoting a so-called “Republican war on women.” I suppose we shouldn’t be surprised, considering all the misinformation being shot in our direction by those who will do anything, hell or high water, to promote their cause.
The left has shown its blatant disrespect for stay-at-home moms in recent days. One woman who had never naturally given birth to a child, ridiculed another who had given birth to five as, "never having worked a day in her life." What followed was massive amounts of posterior covering, but alas Hilary Rosen had let slip off her lips what the left--and militant feminists everywhere--have believed for the better part of my life time.
The banks own the SEC side of the market. They have made it their playground that is stacked against the regular joe. The way the block trading rules are structured today, they can make the CFTC side of the market their playground too.
Using the models that work so well for physicists, mathematicians on Wall Street got it spectacularly wrong in the mortgage and derivatives markets, just as mathematical economists can never predict the future with any accuracy. Motivated human behavior cannot be modeled.
Politicians conveniently forget that dividends and capital gains get hit by the corporate income tax. And since America now has the developed world’s highest corporate income tax rate, it’s adding insult to injury to tax the income again. Actually, it’s adding injury to injury!
It’s simply too early to tell how many home sales Dodd Frank is merely delaying while everyone’s furniture is sitting on a moving van, or how many are being killed over some brilliant bureaucrat’s brain cramp in DC thinking they are protecting the consumer, the lender, or the financial system.
According to a review of the 2011 annual report to Congress of the salaries for the White House staff, female employees earned a median annual salary of $60,000. Male employees median salary, however, was $71,000 – an 18.3 percent differential.
President Obama, highly aware of the re-election vulnerability that comes with high gas prices, continues to hide behind tired “it’s not my fault” campaign rhetoric, while using the opportunity to call for an expansion of his failed subsidy policies.
While refiners in some countries are shutting down, the US refineries are positioned for growth, which results in increased jobs and tax revenue. It would be disadvantageous to tell the refiners that they cannot sell their product overseas. Americans are not consuming enough gasoline to fuel growth. Our refiners need the foreign markets.
The blackout in the summer of 1977 saw mass looting all over New York, and no neighborhood in Manhattan was hit harder than mine. Walking to the corner moments after the lights went out, I witnessed a group of guys tugging at a metal gate that covered a jewelry store.
“I love Fidel Castro,” said Florida Marlins manager Ozzie Guillen to Time magazine. “A lot of people have wanted to kill Fidel Castro for the last 60 years, but that [expletive] is still here.” Guillen “respects” the Cuban despot.