With the New York Times now running a front page story on what might be deliberately false statements made by the White House about the Benghazi emails, the scandal has entered a new stage. Benghazi isn’t about a few right wing press activists tooting their horns anymore; much against its inclinations, the MSM increasingly understands […]

Soaring employee costs and unfunded pensions in New York State are forcing hundreds of municipalities to choose between cutting back on services and postponing pension payments.Unsurprisingly, the vast majority have opted for the latter. A 2010 law supported by Governor Andrew Cuomo allows employers to divert money earmarked for pensions and delay payments to stop […]

Last weekend we wrote about the first fully 3-D printed gun, noting that it pointed to a whole generation of up-and-coming tech that will disrupt existing industries and challenge economic and political monopolies. Now it appears that the State Department has ordered Defense Distributed, which designed the gun, to take all traces of the gun’s blueprint off […]

Yet another city is suffering the consequences of hitting up the Wall Street casino to fund its pension system. Bloomberg reports that Denver’s public school system has paid a total of $215.6 million to Wall Street banks related to swaps and bond sales made since 2008—equal to two-thirds of total teaching expenses for one year.We’ve heard this […]

The victor in tomorrow’s elections in Pakistan will inherit a national economy in tatters. There are steep economic challenges ahead—so steep, in fact, that the first stop for Pakistan’s new government will probably be the offices of the IMF, where officials will go to seek a loan to keep the government afloat.Reuters has the story: The winner […]

The FCC has just taken a first step towards dramatically upgrading in-flight WiFi available to travelers. On Thursday the commission proposed auctioning newly available airwaves to improve in-flight connections via air-to-ground systems. NYT: The new format would use a more reliable system of contact between a plane and the ground, agency officials said, and should allow […]

Consumer financial services company Bankrate Inc. has done a new analysis on the worst states for retirees. Using data on “state taxes, local crime rates, access to medical care and cost of living,” among others, the company compiled a list of ten places to avoid. The ten worst states to retire in, in descending order, […]

 The dust is still settling after a hectic week in the Middle East, but it’s worth taking a look at an interesting chain of events. First, John Kerry traveled to Moscow and agreed with Russian Foreign Minister Sergei Lavrov to hold a “Syria Conference” in order to “bring both sides to the table,” as Kerry said. […]

Enstitute, a new alternative to college, may be bringing higher education back to the Middle Ages. Rather than college degrees, Enstitute offers a two-year program that aims to give college students real-world job experience, akin to the venerable apprenticeship model. The New York Times reports: [Enstitute] teaches skills in fields like information technology, computer programming […]

Egypt received its sixth Standard & Poor’s downgrade since the fall of the Mubarak government yesterday. The drop of its short- and long-term credit rating from B to C territory is only the latest failure to befall the government of President Mohamed Morsi. His administration is now presiding over an economic and social tragedy so […]