When Indian Prime Minister Manmohan Singh arrives in China today he’ll bring with him some of India’s top businessmen. In a joint speech with Xi Jinping he’ll also address the second annual India-China CEO Forum. Along with border issues, business is the most important item on the agenda for Singh’s visit. But back home, Indian business leaders […]

You can’t extract shale gas in New York state, but that doesn’t mean you can’t burn the cheap stuff. New York City is building a pipeline to bring in cheap natural gas from Pennsylvania. The pipeline will carry enough gas to heat 2 million homes, and you can bet plenty of NYC residents are looking […]

Knowingly or not, the Obama administration is alienating its oldest and strongest US ally in the Middle East. The relationship with Saudi Arabia, dating to the Franklin Roosevelt administration, has been the bedrock of the US stance in the region since World War II—even more so than the relationship with Israel.A few weeks ago, we […]

Puerto Rico, despite its grave economic problems, has more than doubled its borrowing in the last decade, hitting $70 billion in 2013. Though the US territory is hemorrhaging people and its economy is growing at a paltry 0.2 percent, its government is continuing to borrow, and Wall Street is continuing to lend. Bloomberg reports: Wall […]

Speculation that Greece may abandon the euro has been circulating ever since the country’s troubles began in 2010, but now there’s a new question: what if France leaves first? That’s looking more likely with the publication of François Heisbourg’s new book The End of the European Dream, which calls for Europe to abandon the currency […]

The latest development in the Obamacare debate is to pin the technical failures of federal exchanges on the Republican Party. The exchanges have traditionally been seen as a test of the Obama administration, for the simple reason that they were designed and implemented by the bureaucracy, isolated from Congress’ direct power to interfere or obstruct. […]

There was another oil spill over the weekend, this time in Canada, and this time the result of a derailed train. This comes on the heels of a pipeline leak in North Dakota two weeks ago, and a catastrophic rail explosion in Quebec in July. The train that derailed in Alberta on Saturday carried four […]

Chicago, like New York City, is becoming a microcosm of California, a two-tiered society where public policy props up and privileges the tastes of the rich while ignoring the needs of the poor. A new piece in City Journal explains that Mayor Rahm Emanuel’s ostensibly painful and difficult cuts to services like public safety and […]

As the American economy continues its crawl from the financial crisis, members of generation Y are being left behind: Almost 6 million young Americans aged 16 to 24 are neither in school nor working, according to a new report by the Opportunity National Coalition.The consequences of long-term unemployment can bedevil young americans long after they find […]

The idea of the $10,000 Bachelor’s degree made headlines when Texas Governor Rick Perry brought it up two years ago, but it has nearly disappeared from coverage since then and only two states, Texas and Florida, have taken up the idea.This New York Times piece examining the Texas and Florida programs may explain why the idea has dropped off […]