Stratfor: Disturbing Precedent in the Cyprus Bailout

By George Friedman, Founder and Chairman, Stratfor The European economic crisis has taken different forms in different places, and Cyprus is the latest country to face the prospect of financial ruin. Overextended banks in Cyprus are teetering on the brink of failure for issuing loans they cannot repay, which has prompted the tiny Mediterranean country, …

Visualizing the Fiscal Cliff As a Life Extinction Event

Written by Steven Hansen [This post is loaded with sarcasm] A meteor coming towards the US East Coast is unlikely to stir up more headlines than the Fiscal Cliff – expiring tax cuts and forced spending cuts “destroying” America if Congress and the President cannot agree on taxation and spending. Per the Congressional Budget Office …

Fact-Checking: The Buffett Rule Doesn’t Add Up

Guest Author: Mark J. Perry, Ph.D. (see below) – originally posted on The Enterprise Blog Inspired by Warren Buffett’s frequent claims that he pays federal taxes at a lower rate that his secretary, President Obama proposed a new tax hike on millionaires called the “Buffett Rule” as part of his deficit-reduction plan.