Illegals to kill Obama health plan?
With President Obama pushing with determination to get a universal health insurance program passed this year, the administration is overlooking an important part of the debate that might just kill the bill altogether. The truth is that a surprisingly...
Recession sours California life
California, reputedly the world's eighth largest economy, is now on the verge of bankruptcy after Moody's Investor Service joined Standard Poor's last week in warning the state that its credit rating will be downgraded if the state fails to resolve i...
Mexico moves to legalize drugs
Remarkably, Mexico, in the middle of a drug war that has begun to spill over into the United States, lacks only the signature of President Felipe Calderon to sign into law a bill that would legalize a variety of drugs in Mexico for recreational use, ...
Iraq to auction contracts on oil fields
Oil is about to come on line once again in Iraq, possibly in a big way. On June 29 and 30, Iraqi officials are going to auction off oil contracts to foreign oil companies, with the aim of reviving production in six developed oil fields that have suff...
Endowment losses 'weaken' Harvard
Harvard University has fired Marc Seidner, a bond manager who made $6.3 million a year, after the Harvard Endowment, which stood at $37 billion on June 30 last year, is projected to end this month at about $25 billion, according to a report in Reuter...
Obama Misery Index creeps higher
President Obama has a Misery Index of 8.12 as of May. The Misery Index, created by economist Arthur Okun, is produced by adding the unemployment rate as calculated by the Bureau of Labor Statistics to the inflation rate calculated by Financial Trend ...
Nuclear power gains new life
The Department of Energy is preparing to award $18.5 billion in guarantees for federal loans to four utility companies planning to build a new generation of nuclear power plants in the United States, according to the Wall Street Journal . At the same...