For those in favor of immigration reform, it might have been a relief that the presidential candidates spent more time describing how workers overseas are stealing American jobs than they did accusing foreign workers of stealing jobs right here in the U.S.A. But the status quo on immigration apparently supported by the candidates isn’t nearly […]
One reason U.S. politics is almost as popular as NASCAR among American sports is that it gives the little guy someone to root for. Of course, that’s almost never the candidates of the major parties, most of whom are odious concoctions of their own egos and the corrupting forces of money and ideology. But dependably, […]
During the recent foreign policy debate, the president presumed to instruct his opponent: “Governor Romney maybe hasn’t spent enough time looking at how our military works. You mentioned the Navy, for example, and that we have fewer ships than we did in 1916. Well, Governor, we also have fewer horses and bayonets, because the nature […]
In the final scenes of the “nail-biting political thriller” Argo — the true story of how the CIA safely whisked six U.S. Embassy staffers out of Iran during the 1979 hostage crisis — a group of Americans disguised as a film crew safely survives three passport checks, the canceling and uncanceling of plane tickets, and a runway […]
The green shoots of recovery are growing a little taller. Newly released gross domestic product estimates measuring consumer and government spending, investments and net exports show the economy growing at 2 percent in the third quarter, up from 1.3 percent in the second. In normal times, this would be nothing to get excited about; average GDP growth between […]
While energy is not a top-tier issue for the American public, Obama and Romney present very different visions for how the United States will generate and consume energy over the next four years – and perhaps set the stage for the next twenty. They provide a clear choice for American voters and explicit differences for […]
The morning was cold and the sky was bright. Aretha Franklin wore a large and interesting hat. Yo-Yo Ma urged his frozen fingers to play the cello, and the Reverend Joseph E. Lowery, a civil-rights comrade of Martin Luther King, Jr.,’s, read a benediction that began with “Lift Every Voice and Sing,” the segregation-era lamentation […]
The defining image from the October 22 debate between President Obama and presidential hopeful Mitt Romney is of the two candidates passionately disputing their prescriptions for the U.S. domestic economy. The moderator, veteran TV journalist Bob Schieffer, caught the spirit of the evening with his final words before inviting the debaters to make their closing […]
Michael Feroli, chief U.S. economist at JPMorgan Chase, has a fascinating analysis out Thursday on how Federal Reserve Chairman Ben Bernanke is moving to lock in new procedures for setting interest rates that will last long after his term ends in January 2014. The upshot is that Bernanke, who vowed to depersonalize the Fed, could end […]
The 2012 farming season may be in its waning days, but the consequences of this year’s drought, the worst of its kind in 25 years, are yet to be known. The U.S. Department of Agriculture estimates that the drought will push retail food prices up by between 3% and 4% in 2013. That’s a higher-than-average […]
