118 banks have failed this year and the FDIC has announced that another 829 banks are at risk of failure. The FDIC’s last report listed only 775 banks at risk of failure — that’s an increase of 7% in only three months. This means that more than one in ten of America’s approximately...

For the last few decades, the BBC has been extraordinarily dominated by Islamic influences.  The BBC has seemed more like Al Jazeera with an English accent than an actual British news source. Because of that, this well balanced work from BBC’s Panorama came as a complete surprise to me. It’s...

The Indonesian web site World’s Prophecy recently published the news of churches being bombed in Malaysia for using the word “Allah”.  When they originally published the story, three churches had been attacked — the count is now up at least eight. “Allah” is the only word...

I’m told that the best thing about beating your head against the wall is how good it feels when you stop.  Our national bi-partisan War On Drugs is a lot like that. The war on drugs has reduced respect for the rule of law.  As Montesquieu wrote two hundred years ago, Useless laws weaken the necessary...

The socialist government of the People’s Republic of China (PRC) just sentenced Liu Xiaobo to eleven years in prison for “inciting to subvert state power.” Liu is one of the authors of Contract 08, an open letter calling for legal reforms, democracy and protection of human rights in...

Our seven months of deflation are now over — and hyperinflation is waiting around the corner.  November’s 1.84% inflation rate marked the end of seven months of deflation — the first deflation in the United States in more than 50 years. Mar -0.38% Apr -0.74% May -1.28% Jun -1.43% Jul -2.10% Aug -1.48% Sep -1.29% Oct -0.18% Nov 1.84% During...

Veronique de Rugy and Jerry Brito of the Mercatus Center at George Mason University decided to take a look at how the “stimulus” dollars were spent. They were able to track only $157 billion dollars from publicly available reports.  The rest of the spending is untrackable due to lack of...