The smoke surrounding the U.S. diplomatic facility in Benghazi has still not cleared, though it has been almost a month since our ambassador and three other Americans were murdered there. Yesterday’s hearing in Washington provided more heat than light, which is no surprise given that we are less than a month from a national election.But […]

Over at Marginal Revolution, blogger-professors Tyler Cowen and Alex Tabarrok have created an online education platform, Marginal Revolution University. MRU currently offers only one course, in development economics, but plans to offer more as time goes on.Earlier this week, Reason.tv sat down with Tabarrok to discuss the new course, the higher-education bubble, and the impact of online education: […]

South Africa may be losing its reputation as the safest and most profitable Sub-Saharan country for investors. The recent mining strikes and Moody’s subsequent credit downgrade have damaged South Africa’s economic outlook and forced investors to look elsewhere in the region.The government’s inability to respond effectively to the strikes reflects a deeper institutional problem within the ruling party, as the FT […]

Following Romney’s strong debate performance last week, political analysts have been working overtime trying to explain his boost in the polls. What did Romney say or do to pull voters away from the President? The popular theory is that Romney successfully tacked to the center, winning over moderate voters leery of his more conservative positions.But one chart […]

Occupy Wall Street’s emergence last fall was billed as the Left’s answer to the Tea Party’s right-wing populism. Barely a year on, the former is dead and buried, while the latter, nearly two years older, is going strong. It’s doing particularly well in Kansas, where the Financial Times reports that its candidates are poised to push […]

Last week, Angela Merkel visited Greece in a show of friendship to assure Greeks that Germany isn’t as hard-hearted as they think. This week, Greece got a different message when Eurozone finance ministers announced they are giving Greece until October 18—ten days—to implement austerity measures. The latest collection of cuts is a prerequisite for a […]

A pillar of contemporary American race relations is hanging by a thread. With Justice Kagan recusing herself because of prior work as solicitor general, it seems almost inevitable that the Supreme Court will significantly reduce the role of race in university admissions this term. The Wall Street Journal: Justice Anthony Kennedy, considered the only one […]

Los Angeles is one of the densest urban areas in the world, but it has long held a large energy bounty underneath its land. With the development of fracking technology, this bounty is potentially even bigger, providing much-needed funds to cash-strapped California, and well paid blue collar jobs for a metro area with some of […]

Michael Young's coinage of the term "meritocracy" is turning fifty years old. Young's satirical warnings of its downside remain as fresh as ever.

Nary a drop of oil has ever been extracted from Ireland, either on land or at sea. That’s about to change, the BBC reports: Ireland is on the verge of securing revenue from oil that could run into billions of pounds.Providence Resources Plc, an Irish and UK company, has confirmed its Barryroe site, 30 miles […]