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The California Supreme Court’s decision allowing same-sex marriage probably throws the politically volatile issue into November, when a proposed state (more…)

McCain.jpgSenator John McCain declared on Thursday that most American troops would be home from Iraq by 2013 and that the nation would be a functioning democracy with only “spasmodic” episodes of violence. The comments were a striking departure (more…)

The Federal Reserve should use regulatory powers aggressively and pro-actively to limit the threat from future asset price bubbles, Frederic Mishkin, (more…)

Former Federal Reserve Chairman Paul Volcker said the Fed’s independence could be hurt by the wide variety of assets it has taken onto (more…)

Pres2008.JPGHillary Clinton’s supporters on Tuesday proclaimed her crushing victory in West Virginia as evidence of Barack Obama’s continuing weakness among blue collar workers. But the simultaneous Democratic victory in a Mississippi congressional race suggested there may be little the Republicans can do to stop 2008 from (more…)

PolarBear.JPGThe Interior Department declared the polar bear a threatened species Wednesday because of the loss of Arctic sea ice but also cautioned the decision should not be viewed as a path to address global warming.

Interior Secretary Dirk Kempthorne cited dramatic declines in sea ice over the last three decades and projections of continued losses, meaning, he said, that the polar bear (more…)

The US Federal Reserve is reconsidering the way it deals with asset price bubbles in the wake of the housing and credit bust, in a move that could (more…)

BioFuel.JPGThe global food crisis is inspiring a broad new coalition on Capitol Hill seeking to change US policies on ethanol production. Interests ranging from US food manufacturers and livestock producers to environmentalists, humanitarian aid agencies (more…)

A new generation of nuclear power plants is on the drawing boards in the U.S., but the projected cost is causing some sticker shock: $5 billion to $12 billion (more…)

corn.JPGThe time has come for the U.S. Congress to rethink ethanol, an alternative fuel that has lately fallen from favor. Specifically, it is time to end an outdated tax break for corn ethanol and to call a timeout in the fivefold increase in ethanol production (more…)

Petraeus.jpgFor years, Albertson’s Supermarket in Canyon Country has posted the photographs of local people serving in or around foreign wars.  I was just about to write “young people serving.” But some of the photos are of soldiers who have served for years, and they are not so young now as they were when Albertson’s first discovered them. (more…)

Corporate bankruptcy filings in the US last month rose more than 50 per cent over the previous year’s figure, as the economy weakens and an increasing (more…)

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