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Restructuring America

President Obama has proposed a $750 billion stimulus plan to get the economy going again. I believe he is thinking too small. He has limited the size of the stimulus because of concern about the budget deficit. That horse has left the barn. He expresses hope that a stimulus package will revive the economy in […]

Europe and the New World Order

On Nov. 15, history was made. For the first time the G-20, the world’s 20 leading economies, came together in Washington, D.C., to find an answer to the global financial and economic crisis. While the gathering resulted in nothing more than declarations of intent, it still marks a turning point. Faced with the gravest financial […]

Expat Voices

Expat Voices

Vienna has been an adjustment for accountant Michael Higgins, very different from his home in the American Mid-West. It’s not the place itself; like most, he has fallen for the charm of the architecture, the countryside and the pace of life. What he has more trouble with are the other Americans. “Their politics really takes […]

Capitalism vs. Skepticism

As each new day brings word of another Wall Street bailout even more colossal than the last, one question presents itself with ever-increasing force: why does America’s economy perform so badly under Republican presidents? The facts are hard to dispute; indeed, the historical record is now so stark that diehard Republicans are probably starting to […]

Americans Face Off

Election year in the United States has come around once again, bringing with it heated debates and promises of change.  While only citizens can vote, the new American president will affect politics around the world.  Candidates from both sides have promised change from the last eight years, and many people are hoping for exactly that. […]

McCain and the Decline of America

Back in 1981, America’s Republican Party gave up all belief that the government’s budget ought to be balanced. The idea took hold that tax cuts should be undertaken all the time, at every opportunity, because reducing taxes supposedly raised revenue. Irving Kristol, sometime editor of the magazine The Public Interest and one of the intellectual […]

Biden Excels Abroad

Biden Excels Abroad

Barack Obama’s selection of Joseph Biden as his vice presidential running mate is being analyzed for whether it will unite the Democratic Party or help the ticket win in November. But the larger question is, what will Biden bring to the job if elected? We’ve seen over the past eight years with Richard Cheney how […]

Turn Left for Growth

Both the left and the right say they stand for economic growth. So should voters trying to decide between the two simply look at it as a matter of choosing alternative management teams? If only matters were so easy! Part of the problem concerns the role of luck. America’s economy was blessed in the 1990s […]

Scarcity in an Age of Plenty

Scarcity in an Age of Plenty

Around the world, protests against soaring food and fuel prices are mounting. The poor – and even the middle classes – are seeing their incomes squeezed as the global economy enters a slowdown. Politicians want to respond to their constituents’ legitimate concerns, but do not know what to do. In the United States, both Hillary […]

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