In a knee-jerk reaction to panic and fear over the current financial crisis, the government issued a $700 billion dollar bailout bill last week. Rather than considering the cause of the "toxic loans" at the heart of this crisis, Congress decided that it had to
I looked up at the bicycle box, a little perturbed. It sat high above my head on a shelf that I could reach only with my arm completely outstretched. I yanked on the corner; I could tell it weighed about 50 pounds. Had it been
In response to the economic crisis now spilling over into the European markets, French President Nicolas Sarkozy called for an end to laissez-faire and an increase of government control over the financial markets.
"Laissez-faire is finished, the all-powerful market that is always right, that's finished," Sarkozy
Did you know that the price of text messaging has increased by an astonishing 100 percent over the last three years? The four major telecommunication companies, Verizon Wireless, AT&T, Sprint and T-Mobile, have all doubled their prices for text messages not included in a calling
Seven years ago, after the terrorist attacks on the World Trade Center and President Bush's subsequent declaration of war on "terror", many argued that the world had changed forever. A "new normal" had arrived, in which Americans could no longer live in blithe ignorance to
Over at the Huffington Post, former Goldman Sachs partner Greg Zehner writes that Ayn Rand foresaw the economic crisis the United States now faces, as well as the disastrous consequences the various proposed bailouts will have.
"Ayn Rand warned us this would happen. In the classic,
In the latest of a series of new government interventions into the economy, President Bush announced a new plan to bail the financial industry out of hundreds of billions of dollars of bad assets. This follows an $85 billion bailout and effective takeover of the
Free countries, when faced with the incapacitation or even death of a leader, do not fold like a house of cards. But news of North Korean dictator Kim Jong-Il's apparent incapacitation from stroke is threatening to drive North Korean affairs into chaotic uncertainty.
US and Chinese
This past summer, The Economist published an article ("Out of the Wilderness") pointing to a decade long trend of declining outdoorsmanship in America. According to the article, national park attendance peaked in the mid-80s and has been in a steady decline since. Despite tremendous population
In July, rioters laid siege to several Pakistani stock exchanges to protest declining prices in the stock market. At the Karachi Stock Exchange, a mob of small investors destroyed equipment and files, smashed windows, and burned tires in a rage over falling prices.
In a similarly-themed