Detroit's Emergency Manager Kevyn Orr gave just two options to those creditors gathered in downtown Detroit on Friday: Go along with my proposal now, and you'll get the best deal you can. Don't, and you'll get less, it'll cost more, and it will take longer.
On Thursday the Supreme Court ruled unanimously that patents on human genes are now void, while the successful creation of synthetic genes may continue to be patented. Both sides of the lawsuit celebrated victory.
Central banking and Keynesian ideology make a toxic brew, the consequences of which are beginning to show up around the world.
The revelations by Edward Snowden are causing public relations problems for two of Washington's finest examples of incestuous intertwining: Booz Allen Hamilton and its parent, The Carlyle Group.
The announcement by Standard & Poor's on Monday that it is revising its outlook upward is not only useless but counterproductive.
The response to Edward Snowden's claim to be the leak behind last week's revelation about PRISM was immediate and predictable: investigate and prosecute him as an enemy of the state.
The confluence of numerous factors in both Texas and North Dakota is working to help the United States wean itself from dependence on foreign oil, including low taxes, improved technology, and enforced private property rights.
In a remarkably candid assessment of the IMF's failure to rescue Greece from its follies, the IMF staff's report still misses the most important lesson of all: Free people left alone will find solutions to their problems.
There are always unintended consequences when using Keynesian economic theories to try to jumpstart an economy. One of them is the freezing of credit markets because of the Fed's manipulations.
Obamanomics are to blame for the worst recession since the Great Depression; and the present fake recovery compares poorly with that in the 1920s when the government stayed within its constitutional bounds, reduced taxes perhaps 20 percent of their present level, and let the free market breathe once again.