The symbol of the new Italy, Prime Minister Mario Monti, is to meet with President Barack Obama. However, just like in 1992-1993, the window of opportunity in which he is operating will probably soon close if parties let domestic and self-interest considerations take over on a national imperative for permanent change. Read More
Barely two weeks into a new government program that allows severely underwater borrowers with loans backed by Fannie Mae and Freddie Mac to refinance their loans to lower rates, the numbers are surging. Read More
Friday, the Commerce Department is expected to report the deficit on international trade in goods and services was $47.8 billion in December, unchanged from November. Read More
That great phrase was coined by the late Jack Kemp, who believed that growth and opportunity for all is the answer to poverty - Does Mitt Romney understand this? Read More
“We do not want higher inflation and we’re not tolerating higher inflation,” Fed chairman Ben Bernanke told Congress yesterday. In a way, that’s true. Washington is exporting higher inflation , which it does not want, to the emerging world, which must tolerate it. And Brussels has joined in. Read More
The economy added 243,000 jobs in January, and unemployment fell to 8.3 percent. Going forward unemployment is not likely to fall much further and could rise again. Read More