More financial pain ahead

| June 11, 2009

Stock markets around the world have rallied off their March lows. The talk on financial TV is about having avoided a Depression, green shoots, a sustainable recovery. Other key phrases of the financial conversation include the steepening yield curve (good for bank profits), the stress test, the possible housing bottom, the commodity boom, and demand […]

Immigration moves to center stage

| June 3, 2009

Immigration has moved to the center of Europe’s political agenda. The issue is turning Europeans toward the New Right parties just as Europe enters election season.

California’s post-election crisis

| June 1, 2009

Liberals are relatively quiet about California’s budget crisis because their irresponsible policies caused it. Conservatives see the budget crisis as a model for all that is wrong with liberal spending policies and a warning sign of trouble ahead for other states. California’s model of fiscal destruction features funding for unionized state employees, expansion of prisons […]