Overview for News

A Get Rich Slow Scheme

A cheap dollar is no fun for Americans, but as my latest column for The Week points out: it may bring us out of our recession. A cheap dollar is no fun for Americans, but as my latest column for The Week points out: it may bring us out of our recession. Work more. Save more. Export more. …

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Written by David Frum on Wednesday May 18, 2011

Canada's Worn-Out Military

Canada's Afghan mission has so depleted its armed forces that they may need a full year to recover before being able to deploy again overseas. As Canada prepares to leave Afghanistan, a weakness in our military is inadvertently revealed in comments by Lt.-Gen Peter Devlin, Commander of the …

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Written by Peter Worthington on Wednesday May 18, 2011

The GOP's New Line: Defaults Don't Matter

As the GOP latches on to the false idea that a default is manageable, even the debts of the United States have become another tool of politics. Noah Kristula-Green makes the important point that Stanley Druckenmiller's weekend WSJ interview has blossomed in a matter of days into something like …

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Written by David Frum on Wednesday May 18, 2011

Toomey Brushes Off Debt Default Danger

Senator Pat Toomey might not want to face a default, but he also thinks it wouldn't be the end of the world. Would markets feel the same way? Senator Pat Toomey claims that he doesn’t want the US to face a default, but he is definitely interested in the arguments made by conservative op-ed …

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Written by Noah Kristula-Green on Wednesday May 18, 2011

Is Strauss-Kahn a Repeat Offender?

Ben Stein may want to take note: stories are now surfacing alleging that Dominique Strauss-Kahn committed other attacks in the past. Attention Ben Stein: seems DSK may well have done it before ... and before that ... Tweet

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Written by David Frum on Wednesday May 18, 2011

More Businesses Opting Out of Obamacare

More and more businesses are having to face up to Obamacare's fundamental flaw. To paraphrase Jimmy McMillan: the cost is too damn high. Last week, the Obama administration approved over 200 new waivers for the Democrats’ health reform bill, more proof that businesses realize the plan is …

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Written by Stanley Goldfarb on Wednesday May 18, 2011

Is Ryan Trying to Spook the Markets?

Rep. Paul Ryan's comments Tuesday on CNBC downplaying the odds of a debt deal were careless. Fortunately, this time the markets didn't take him seriously. In an appearance on CNBC Tuesday, Rep. Paul Ryan claimed that holders of US government debt would accept missing payments "for a day or two …

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Written by Andrew Pavelyev on Wednesday May 18, 2011

Don't Pick on Big Oil For Having Big Profits

Congress' decision to attack oil companies is a weak diversion from their own inability to control prices at the pump. Repeal the so-called subsidies to oil and gas? Ostensibly this is a punitive measure that targets oil companies for the rise in the price of gasoline at the pump, even though …

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Written by Brad Schaeffer on Wednesday May 18, 2011

Discovered: Strauss-Kahn's TripAdvisor Review of New York Sofitel

Former IMF head Dominique Strauss-Kahn might have second thoughts about the New York City Sofitel after his most recent stay. SOFITEL NEW YORK 45 West 44 th Street, New York City, NY 10036 Hotel Website E-mail hotel TripAdvisor Popularity Index Ranked #17 for …

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Written by Danielle Crittenden on Tuesday May 17, 2011

The Other French Sexual Double-Standard

Many in the French elite have sympathy for Dominique Strauss-Kahn. They weren't nearly so forgiving toward Paul Wolfowitz. Many in the French and European elite have expressed surprising sympathy for IMF president Dominique Strauss-Kahn, now under arrest for attempted rape. They were not nearly …

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Written by Tessa Berenson on Tuesday May 17, 2011

Newt Gets It: Ryan Plan is Toxic to Voters

The trigger for the Journal’s attack on Newt’s long history of overstatement was actually a wise statement: a caution against a huge rework of Medicare. So now we know how to prod the Wall Street Journal into protesting Obama-Hitler comparisons: join those comparisons to a word of criticism of …

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Written by David Frum on Tuesday May 17, 2011

Can Seniors Really Handle a Medicare Cut?

Social Security provides more than 60% of the income for Americans over age 65. Can we really count on seniors to pay a rising share of their Medicare costs? Jared Bernstein makes the point that Social Security provides more than 60% of the income for Americans over age 65. (h/t "Debs") There …

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Written by David Frum on Tuesday May 17, 2011

Bad News from Afghanistan

A new report suggests that despite battlefield victories, the U.S. is still failing to win over the Afghan people. This is not good news. Despite battlefield gains against insurgents in southern Afghanistan, the United States is failing to win over Afghans in the heartland of the Taliban, a …

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Written by David Frum on Tuesday May 17, 2011

GOP Field Looking More Mainstream

It's not just the potential GOP field that is thinning out, it's the once-crowded conservative portion of that field. Pence running for governor. Palin too damaged. Bachmann too far-fetched. Ron Paul too sinister. Gingrich experimenting with "moderation." Huckabee committed to …

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Written by David Frum on Tuesday May 17, 2011

Why Did Think Tank Kill Journal Critique?

Did the Tax Foundation delete a post on their blog because of the merits of the argument or because it accused the Wall Street Journal of dishonesty? A very large hat-tip goes out to blogger Brendan Nyhan who has noticed that the Tax Foundation has deleted a blog post on their site which was …

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Written by Noah Kristula-Green on Tuesday May 17, 2011

Dump the Debt Ceiling

Congress shouldn’t increase the debt ceiling; instead it should just abolish it. The U.S. hit its debt ceiling this Monday. It’s time for Washington to stop the insanity and act responsibly. Congress shouldn’t increase the debt ceiling; instead it should just abolish it. Drive a stake through …

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Written by Andrew Pavelyev on Monday May 16, 2011

Obama's Cynical Drilling Drive

Obama's decision to expand U.S. oil production might be smart politically, but it won't do anything to reduce gas prices. What President Obama’s Saturday radio address should have said: "My fellow Americans. Today, I am directing the Department of the Interior to conduct annual lease sales in …

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Written by Jim DiPeso on Monday May 16, 2011

With Huck Out, Will GOP Lose the Middle Class?

He had his political flaws, but Mike Huckabee also understood the economic concerns of the middle class. This Saturday, former Arkansas Governor Mike Huckabee announced that he would not run for the 2012 Republican party's nomination. As my latest column for CNN.com notes, for all his political …

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Written by David Frum on Monday May 16, 2011

Socialists Can't Escape Strauss-Kahn Fallout

If Dominique Strauss-Kahn's arrest on sexual assault charges drags on, it will be a daily embarrassment for the Socialists. IMF head Dominique Strauss-Kahn's arrest is quite a shock for the French political class and public. Strauss-Kahn is often perceived as arrogant; he’s certainly not someone …

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Written by Jean Granville on Monday May 16, 2011

Abbas Wakes Up to Honor Killings

Maybe before launching attacks on its neighbors, the Palestinian Authority should complete the work of dragging its penal code into the 18th century? As Palestinians attempt to invade Israel, Palestinian Authority president Mahmoud Abbas suggests it may at last be time to punish men who murder …

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Written by David Frum on Monday May 16, 2011