Slowing economic activity in these regions won't likely drag the U.S. economy into recession. But it could lead to slower-than-expected growth, creating a vast disconnect between stock valuations and corporate profit growth.
Lars Hedegaard is a Danish journalist who has made his name denouncing Islam, which he describes as "a totalitarian system of thought" whose adherents "rape their own children." Last month, someone showed up at his door with a gun and fired a shot that missed him.
There’s been a lot of discussion within some in the media regarding the demographic changes taking place in Europe. But those of us who’ve travelled there have observed it firsthand: namely, the decreased birthrate among Europeans compared to the enormous birthrate increase among Muslim immigrants.
If you have kids, you most likely prayed hard that they would avoid drugs and alcohol. Once a child becomes intoxicated, childhood is over. The young person will never be the same again.
Following the fiscal cliff melodrama, Senator Richard Shelby appeared on television to declare that we are becoming European. "We're always wanting to spend and promise and spend and borrow but not cut. We've got to get real about this. We're headed down the road that Europe's already on."
The fiscal cliff negotiations seem to be foundering on Barack Obama's insistence on higher tax rates on high earners and House Republican leaders' insistence on opposing them. The president believes he has a mandate from voters for his position, and House Republicans believe they have a mandate from voters for theirs.
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