by Tim Kelly
Well, the Cypriot banking crisis has been “resolved.” It is being reported that the government in Nicosia has agreed to a deal with the European Union (EU) and International Monetary Fund (IMF) lenders. The deal involves a large loan from the European Central Bank (ECB), the imposition of austerity measures and capital controls, and the restructuring of the country’s ... [click for more]
by Wendy McElroy
The Obama administration is notorious for crony capitalism, through which big businesses reap huge riches by virtue of their cozy association with government. Big oil, big car companies, big agrobusinesses, big banks, and big drug corporations are among the legally privileged cronies who are profiting at the expense of nonprivileged competitors and of customers who pay higher prices.
Now the ... [click for more]
by Tim Kelly
Mitt Romney’s comment that 47 percent of Americans don’t pay taxes and therefore are not likely to respond positively to his stated opposition to tax increases has been called a “gaffe.”
This reminds me of Michael Kinsley’s quip: “A gaffe is when a politician tells the truth — some obvious truth he isn't supposed to say.”
Romney was only half right, ... [click for more]
by Wendy McElroy
On April 26, the Cyber Intelligence Sharing and Protection Act (CISPA) passed the House of Representatives by a vote of 248 to 168. CISPA seeks to grease the sharing of data about people between government and big business. CISPA states,
The Director of National Intelligence shall establish procedures to allow elements of the intelligence community to share cyber ... [click for more]
by Sheldon Richman
Last November, President Obama stood before an audience and said government needs to be “responsive to the needs of people, not the needs of special interests.” He added, “That is probably the biggest piece of business that remains unfinished.”
He made these remarks, the New York Times reports, before a $17,900-a-plate fundraising dinner at the home of Dwight and ... [click for more]
