The Oil-Addiction Fallacy
by William L. AndersonWatch any talking [...]

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Rookie mistakes again: Obama owns appeasement
George Bush seems to have really rattled Barack Obama and the Democratic Party with his speech yesterday in the Israeli Knesset. Rather than ignoring Bush’s argument against appeasement, or adopting it, Barack Obama has declared that Bush intended his denunciation of appeasement as an attack on his campaign, even though [...]

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Chinese Quake Shows Change in Winds Across Asia: William Pesek
Commentary by William Pesek

May 16 (Bloomberg) — The focus in Asia is now on the 7.9- magnitude [...]

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Bernanke’s Bubble Laboratory
Princeton Protégés of Fed ChiefStudy the Economics of Manias
By JUSTIN LAHART
PRINCETON, N.J. — First came the tech-stock bubble. Then there were bubbles in housing and credit. Chinese stocks took off like a rocket. Now, as prices soar on every material from oil to corn, some suggest there’s a bubble in commodities.
But how and [...]

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Worried About the Price of Gas? End the Wars
Oil Wars
By ISMAEL HOSSEIN-ZADEH
Despite all the recent talk of soaring prices at the pump, political and economic pundits rarely mention the impact of war and political instability in the Middle East on the skyrocketing price [...]

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Bellicosity and Hypocrisy in Tel Aviv
Lies of Aggression
By PAUL CRAIG ROBERTS
On May 15, the White House Moron, in a war-planning visit to Israel, justified the naked aggression he and Olmert are planning against Iran as the only alternative to “the false comfort of [...]

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The State of the Union? Furious.
Fans of HBO’s “The Wire” know fictional Baltimore Mayor Tommy Carcetti. The reformer spends his first days in office screeching through every public-works unit, railing about an abandoned car here, a leaking hydrant there.
Shocked city administrators ask their angry new boss: Where is the abandoned car? Which leaking hydrant? The [...]

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Chávez and Colombia
Interpol yesterday issued its findings on the authenticity of the computer files seized from Colombian terrorists in March, and they won’t make Venezuelan strongman Hugo Chávez’s day.
“We are absolutely certain that the computer exhibits that our experts examined came from a FARC terrorist camp,” said Robert Noble, head of the international police agency. [...]

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Mexican Citizens Alarmed as Drug Violence Escalates

By Greg Flakus

Thousands of Mexicans dressed in white marched silently Sunday through the streets of Juarez, Mexico, just across the border from El Paso, Texas to protest drug-related violence. that killed more than 100 people, including about 20 police officers, during the past week in Mexico. VOA’s [...]

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Banks
Barbarians at the vault
Modern finance is under attack. Yet the banking system has done much better than it is given credit for

BANKS have endured a brutal nine months since credit markets froze in August. Losses and write-downs already total $335 billion; many of their best businesses have disappeared. In developed economies, almost all banks [...]

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