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Mar 16,2009
There has never been anybody quite like Bernard Madoff, and with luck and far better oversight by the Securities and Exchange Commission, there never will be again. Madoff, 70, admitted in court Thursday that for years he ran a massive Ponzi scheme that bilked investors out of billions of dollars. Madoff is headed to jail for life for his crimes. But long after Madoff is gone, his victims will continue suffering. They can never be repaid, ... [full story]
1134 times read - 1 comments posted

Mar 16,2009
The conventional wisdom is that, now that he's elected, President Barack Obama will begin repaying those traditional Democratic constituencies. You know, like teachers unions. His speech on education on Tuesday, however, sure didn't sound like it. While it would be nice if teachers unions would embrace merit pay based on student performance as likely to benefit their own members, that hasn't precisely been the history. The president said it clearly: "Too many supporters of my ... [full story]
831 times read - No comment posted

Mar 16,2009
Secret ballot voting is one of those things Americans hold sacred. When asked to decide an issue by a majority vote, we prefer to cast our ballots in private and decide for ourselves whether we want to tell the world where we stand. Workers would lose that right if Congress pushes through the card check legislation introduced this week at the urging of the nation's labor unions. The Employee Free Choice Act would allow unions ... [full story]
957 times read - No comment posted

Mar 16,2009
Before most Americans will feel comfortable lending a hand to Mexican President Felipe Calderon in his historic and heroic battle against the drug cartels, we have to dispel a few myths. Like this one: The drug violence in Mexico hasn't spread to the United States and can be contained south of the border. It's hard to believe that, after all that has happened in Mexico and the United States since Calderon took on the cartels ... [full story]
1487 times read - No comment posted

Mar 16,2009
Last fall, Congress approved spending $72 million to pay $500-a-month bonuses to military personnel whose active-duty service has been involuntarily extended by so-called "stop-loss" orders. Nearly six months later, not a dime has been spent. Robert M. Gates, the secretary of Defense, is furious, but the Pentagon's bureaucracy is impermeable. The money can't be spent until the Army — the 13,100 troops affected all are Army personnel — submits a plan. And so far, the ... [full story]
1309 times read - No comment posted

Mar 16,2009
Science works in fits and starts — sometimes so slowly that progress seems like an illusion and at other times so quickly we can barely keep up. By scientific standards, then, federal funding restrictions for embryonic stem cell research were a blip on the radar screen. President Barack Obama's decision to lift them wasn't a surprise, but it was an important step forward. Federal funding is no guarantee that embryonic stem cell research will provide ... [full story]
1158 times read - No comment posted

Mar 16,2009
For most of us, it is way too early to assess President Barack Obama's performance in office. But not so on Wall Street, where investors are voting with their wallets. Since Obama took office on Jan. 20, the Dow Jones Industrial Average has dropped a heart-stopping 20 percent. That is not exactly a ringing declaration of confidence, either in Obama's leadership or ability or in the likelihood that his policies will help pull the country ... [full story]
896 times read - No comment posted

Mar 10,2009
It's a long shot for sure, but the irresponsible spending bill produced by Congress just may come off the tracks this week. If it does, taxpayers will score a rare victory. Senate Majority Leader Harry Reid, D-Nev., was forced last week to postpone a vote on the $410 billion measure, which would keep the federal government operating until the fall, because he didn't have the 60 votes needed to get it passed. Republicans, with the ... [full story]
1320 times read - 1 comments posted

Mar 10,2009
Better late than never. It took a while, but Americans — or at least some of them — have finally gotten around to talking about the monstrous financial burden that we're leaving our children, our grandchildren and, in all likelihood, our great-grandchildren. Like Louisiana Gov. Bobby Jindal, who delivered the Republican response to President Obama's address to Congress last month. Addressing the poorly crafted and irresponsible $787 billion Democratic stimulus bill, Jindal said the legislation ... [full story]
1503 times read - No comment posted

Mar 09,2009
"Just because you invade a place stupidly doesn't mean you have to leave it stupidly." So speaks David Kilcullen, a former Australian Army officer with a Ph.D. in the anthropology of Islamic fundamentalism, in Thomas E. Ricks' new book, "The Gamble: General David Petraeus and the American Military Adventure in Iraq, 2006-2008." In 2007, Kilcullen was working for the U.S. State Department as one of Gen. Petraeus' top advisers on counter-insurgency tactics. Ricks gives Petraeus, ... [full story]
1223 times read - No comment posted

Mar 09,2009
Viewed in its parts, there is much to recommend President Barack Obama's audacious $3.6 trillion budget proposal. But as a whole ... a whole lot of spending. Congress must pare the cost while preserving the essential elements. And there is much in the package that should be considered vital for redirecting a nation that has been way short on innovation and too stingy with investment in key areas. Energy, education, transportation and health care top ... [full story]
1261 times read - No comment posted

Mar 09,2009
American taxpayers already have spent more than $2 trillion bailing out banks and insurance companies. Can we afford to reform health care, too? It's an understandable question, one that was at center stage Thursday when the White House convened a health reform summit. Here's a better question: Can we afford not to? Americans will spend $2.5 trillion on health care this year. That's an increase of 85 percent since 2000. The nation's medical bill has ... [full story]
1508 times read - No comment posted

Mar 09,2009
The collapse of the automobile industry isn't just a Detroit problem anymore. February sales reports were devastating for automakers worldwide. The once invincible Japanese duo of Toyota and Honda saw their monthly sales drop nearly 40 percent, joining Ford, General Motors and Chrysler in posting results that one industry executive, in a tremendous understatement, called "unsustainable." Overall, the market for new cars fell by more than 1.1 million vehicles from February 2008, or a 41 ... [full story]
1264 times read - No comment posted

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