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The ironies abound, everything was going so well. The media was having a field day with Rick Santorum’s nuttiness, expressed in private moments among those who shared his language. Satan and birth control, and all that. If there were any unncongenial analogies to Reverend Wright’s fiery sermons, full of race-hatred and seething resentments, or [...]  Not what it used to be: (When) Defense Secretary Robert Gates decided to surge production of armored trucks for the Iraq counter-insurgency campaign in 2007, it was discovered there was only one steel plant in the nation producing steel of sufficient strength to meet military needs. That plant — the old Lukens Steel Company [...] Story here: Testifying before the House Budget Committee today, U.S. Treasury Secretary Tim Geithner told Chairman Paul Ryan the following: “We’re not coming before you to say we have a definitive solution to that long-term problem. What we do know is we don’t like yours.” “We don’t have a plan, we just know we don’t [...] Secretaries Panetta and Clinton are on a little fence-mending mission in Evropa: The Obama administration sought to reassure anxious European allies Saturday that budget cuts won’t undercut the U.S.’s commitment to their security. The Pentagon announced plans last month to cut the permanent U.S. force in Europe to two brigades, down from four, as [...] A sobering NYT article on the off-shoring of technical work – and middle class careers – from the US to China. It’s not about wages, not really: Apple executives say that going overseas, at this point, is their only option. One former executive described how the company relied upon a Chinese factory to revamp [...] Theodore Dalrympyle doesn’t hold out much hope: Belgium’s inability to form a central government would not matter so much if the country did not need to reduce its public spending. Though Belgium is the largest per-capita exporter of goods and services in the world and has healthy private savings, it also has a large [...] For nothing left to lose: Economic freedom — the ability of individuals to control the fruits of their labor and pursue their dreams — is central to prosperity around the world. Heritage and The Wall Street Journal measure economic freedom by studying its pillars: the rule of law, limited government, regulatory efficiency, and open markets. [...] The London-based Financial Times takes stock of President Obama’s defense pivot, and makes some recommendations to its European readership: The Obama administration is right to make these cuts. After all, the economic crisis is arguably the biggest threat to western security today. Defence, like other budgets, must be pared back to boost fiscal credibility. [...] Writing in the WSJ, Iain Murray and James C. Bennett see an opportunity for NAFTA to serve as a lifeline to Britain: The European Economic Community (EEC) for which the British signed up in a 1975 referendum—a community of free trade and cooperation, not supranational bureaucracy—is long gone. Worse, even today’s less-palatable EU will [...] For thee, not for me in solidly blue Fairfax County, Virginia: Dig… into the county’s wish list and you find other gems. It wants more state aid to localities, and opposes any funding cuts (“erosions of the social safety net”) that might leave localities on the hook for Medicaid costs. Translation: Let’s have lots [...] |
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