Contemporary France is a paradox. In no other E.U. nation is there such desire to be a great power. Yet few other nations cling so tightly to policies that ensure long-term economic decline. This week’s elections are the latest chapter…
No need to fret over OPEC
OPEC’s decision Wednesday to cut its production targets by 4 percent has thrown some observers into a tizzy. Ignoring inflation, world crude prices and U.S. domestic gasoline prices are at or near record levels. Fuel prices are becoming an issue…
Looking for China to hit a wall
Some things are sure to happen even if we do not know when. California eventually will have a major earthquake, and China will have an economic crisis and severe recession. Right now, a major Chinese recession in the next couple…
About that Medicare deficit
Trustees of the Social Security funds released their newest annual report Tuesday announcing that benefits paid out of the Medicare Trust Fund will exceed taxes paid beginning this year. All the money held in this trust fund will be exhausted…