France: Military Undermanned and Overcommitted in Central Africa

December 31st, 2013
in Op Ed

Written by

The prestige of France's president, Francois Hollande, was raised several notches by his rapid decision at the beginning of 2013 to send French troops to Mali to stop jihadistes from trying to take control of the country, a mission crowned with success.

But his latest, humanitarian, African intervention in the Central African Republic appears to be turning sour.

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The Basement Beneath the Wage Floor

December 30th, 2013
in Op Ed

by Jeffrey Tucker, Daily Reckoning

This article originally appeared in Laissez Faire Today on February 15, 2013

There are certain sounds that tend to make people crazy. Think of nails on a chalkboard. An infant screaming nonstop on a long flight. A piercing whistle that won't go away.

Now we need to add another: a U.S. president who thinks he can legislate high wages into law. For anyone who knows the basics of economics - not distorted by a bogus central-planning mentality - hearing this is like torture. It's painful. It makes you crazier and crazier until you finally want to yell, "Make it stop!"

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Small Pullback in Money Printing: Big Spike in Interest Rates?

December 29th, 2013
in Op Ed

by Michael Lombardi, Profit Confidential

Quietly, without much fanfare or news, the bellwether 10-year U.S. Treasury hit a yield of 3.0% this past Friday-double what it yielded in June of 2012. (Source: Treasury.gov, last accessed December 27, 2013.)

Yes, the Federal Reserve only slightly pulled back on its money printing program and interest rates are already spiking.

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Your Children and Grandchildren Never Will Know What They Have Lost

December 29th, 2013
in Op Ed, syndication

by Rodger Malcolm Mitchell, www.nofica.com

This is the fifth in a series of posts titled, “You never will know what you have lost” (Part I, Part II, Part III and Part IV)

Each post describes the invisible, but real costs of federal deficit reduction, aka “austerity.” The first of the posts contained these paragraphs:

Since austerity never has benefited any Monetarily Sovereign nation that has tried it – 100% record of abject failure, often culminating in economic disaster – it is amazing that people still believe in it. But that is exactly what our own government is trying, now.

The list goes on and on: The lame who might have walked. The blind who might have seen. The children who might have given to America. The tornadoes and hurricanes and earthquakes that might have been foreseen. The money that investors might have saved. The inventions never invented. The recessions and depressions that might have been avoided. The wars that might have been won or prevented. The life-saving drugs that might have been developed. The people who might not have died too soon. The beauty never created. The ideas lost. The better world that might have been.

You never will know.

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China's Nelson Mandela Is Still In Jail

December 28th, 2013
in Op Ed

by John West, Asian Century Institute

China's Nelson Mandela is still in jail, or exile, or soon to be so. Although we do not yet know who he or she is, that person could also change the shape of the world.

Chinese President Xi Jinping on Friday expressed deep grief over the passing of former South African President Nelson Mandela, who died Thursday at the age of 95.

Lauding Mandela as "a world-renowned statesman," Xi noted that Mandela led the South African people through arduous struggles to the anti-apartheid victory, making a historic contribution to the establishment and development of the new South Africa.

Mandela, who visited China twice, was also one of the founders of the China-South Africa relations, and an active champion of bilateral friendship and cooperation, said the Chinese president.

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