By Bill Wilson — Once again, the Obama Administration is proposing to borrow another $1.3 trillion to pay for unsustainable increases in government spending , which under the budget will not be cut on a net basis any year over the next decade. There are no real reforms proposed to prevent entitlement programs from dragging the Treasury into the Abyss of insolvency. Meanwhile, he […]

By Bill Wilson — How is it that a hard Greek default — a tiny country that comprises less than two percent of Europe’s Gross Domestic Product — poses such a systemic risk to the European and, indeed, the global financial system? The American Enterprise Institute’s Alex Pollock has the answer , citing a little-understood danger created by the weakening of capital requirements after the financial crisis by the Bank […]

By Bill Wilson — Once again, the civilian labor force participation rate has declined, from 64 percent to 63.7 percent in a single month. Since January 2009, it has declined from 65.7 percent, resulting in approximately 4.7 million people no longer being counted towards the unemployment rate. […]

By Bill Wilson — Today’s announcement by the Bureau of Labor Statistics that approximately 240,000 jobs were created by the engine of the U.S. economy, America’s private sector businesses and entrepreneurs.  These job creators are moving forward because they trust that the Republican led House of Representatives […]

NRD Editor’s Note: This column originally appeared at Investor’s Business Daily . By Howard Rich — Klaus Schwab, a German academic and founder of the World Economic Forum, recently proclaimed the death of capitalism as we know it — a curious critique coming from the head of an […]

By Bill Wilson — Reflecting Europe is nowhere near agreement on how to “rescue” Greece — let alone prop up Italy and Spain — German Chancellor Angela Merkel again delayed finalizing any deal on Jan. 30, telling reporters, “We won’t have a thorough discussion of Greece because […]

By Kevin Mooney — Despite an adverse court ruling out of Ecuador, Chevron continues to remain on the offensive against trial lawyers who are suing the company over environmental allegations that have been hotly disputed.  An Ecuadorian appeals court in Lago Agrio  upheld a ruling […]

By Bill Wilson — In 2011, the economy slowed down considerably to a tepid snail’s pace of 1.7 percent for the year .  The housing bubble popped in August 2007, and the economy contracted in its aftermath.  Here we are, four years later, and the economy is still very weak, unemployment remains unacceptably high, consumer inflation is still rising, and the cost of […]

By Kevin Mooney — Fresh from his overwhelming re-election victory, Gov. Bobby Jindal has unveiled an audacious education reform agenda that built around an expanded school voucher program, new charter schools, a rigorous teacher evaluation system and a revamped tenure system. With the Louisiana state […]

By Bill Wilson — Sometimes, government officials tell the truth, and when they do, watch out. It might be a good idea to hold on to your wallet. A recent example is International Monetary Fund Managing Director Christine Lagarde commenting on the European debt crisis in Berlin on Jan. 23 .  Even though the European Financial Stability Facility (EFSF) has already committed €440 billion, the […]