Another example of investors heading for the exits at precisely the wrong time. This time it’s the largest bond fund PIMCO Total Return run by Bill Gross. The WSJ points out here. According to people familiar with the fund, its investors incurred an average loss of 1.4% over this period, nearly double the loss of […]
Audit the Fed Now–Rand Paul
The Fed has added over $800 billion in debt to the country’s balance sheet just this year. The Washington Times explains: In 1995, Sen. Harry Reid took to the Senate floor and exclaimed, “For years, I have sponsored legislation that would call for an audit of the Federal Reserve system. I offer that amendment every year, and every year the legislation […]
Tea Party on the Right Track
It is time to remake the Republican Party. The big spending, nation-building strategy of the Bush years was and remains a loser, and the only possible answer for America going forward is an exact reversal. The best position papers on a small government, non-nation-building strategy are authored at the Cato Institute by Chris Preble, Gene […]
VIDEO: Only 6 Enrollments on Obamacare’s First Day
Socialism 101
This is what you get when you run out of other people’s money. Providence saw one of the largest percentage-point drops in aid from 2007 to 2012 among the nation’s 250 largest cities, according to an analysis by The Wall Street Journal of data provided by Merritt Research Services LLC. A few cities’ figures weren’t […]
Millions of Americans are Having Their Health Care Plans Cancelled
Barack Obama knew this would happen from the start. Without forcing these millions of Americans into government run health exchanges, the whole monstrosity would die right out of the blocks. Here in the Washington Post you get the whole story. Indeed, there is good reason to believe that the administration not only knew but fully intended […]
The Brown University Disgrace
America’s #1 police chief recently spoke at Brown, and Ray Kelly faced a sea of boos. What kind of college leadership and faculty would allow such a disgrace? Here Mona Charon outlines the Brown fiasco. When New York City’s strikingly successful police commissioner arrived to address students at Brown University, he was harassed, booed, and […]
The Largest Transfer of Wealth in Recent American History
Charles Krauthammer labels Barack Obama “The Bystander President.” What kind of president favors insurance policies that force a couple in their sixties to buy maternity coverage or teetotalers to buy substance abuse insurance? A bystander president that’s who. Are Americans paying any attention here? So a law designed to cover the uninsured is now throwing […]
BattleHawk – The Flying 40mm Grenade Drone
Textron Defense Systems’ BattleHawkTM is a direct fire aerial precision guided munition system for use by small tactical units to engage non-line-of-sight targets. Among its key advantages is the system’s ability to take on an enemy from an advantageous position without exposing the operator to detection or small arms fire. BattleHawk is tube launched from […]
The Failure of Progressive Government
Daniel Henninger explains the meltdown in detail. A reader remarked last week that Barack Obama is running out of human shields. With the father of ObamaCare unavailable to explain the greatest fiasco of his presidency to Congress, the American people had to settle Wednesday for his surrogate, Kathleen Sebelius. Let us try to understand clearly what is happening now with […]