Presidents have more latitude in foreign affairs than in domestic policy, and the trend over the past two administrations has been for presidents to be more hawkish than their campaign pledges led voters to expect. George W. Bush promised a “humble foreign policy.” Instead, he gave us the Iraq War. Barack Obama was elected in part to end Bush’s wars. But he too pursued regime change, with Pyrrhic success in Libya and abortively in Syria.
On Tuesday, we got the answer (or at least a partial answer) to the question we posed last month when we asked the following: “How long before the impairments and charges currently targeting smaller firms finally shift to the bigger ones? And how underreserved is JPMorgan for that eventuality?”
Submitted by Jake Anderson via TheAntiMedia.org,
When last we looked at the effect America’s multiple state and local government fiscal crises are having on the country’s school systems, we noted that budget drama across both Illinois and Pennsylvania threatened to force layoffs and class cancellations.
Submitted by Michael Snyder via The Economic Collapse blog,
When a leading nominee for President gets something exactly right, we should applaud them for it. In this case, Donald Trump’s call to audit the Federal Reserve is dead on correct. Most Americans don’t realize this, but the Federal Reserve has far more power over the economy than anyone else does – including Barack Obama.