Amid other good news about the U.S. economy — a declining unemployment rate, lower child poverty — the Federal Reserve has just reported that the net worth of U.S. households rose $1.4 trillion, to $81.5 trillion, during the second quarter of 2014. This means that families’ assets, such as homes and stocks, have risen roughly $23 trillion in value since the depths of the “Great Recession” in 2009. Credit the market on Wall Street and recovering real estate prices, both partly attributable to the Fed’s easy-money policies.
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GMOs at crossroads
WASHINGTON — The pursuit of perfection is usually foredoomed, but the Los Angeles City Ethics Commission, which has a latitudinarian understanding of ethical behavior, has a perfectly awful idea. It is urging the City Council to consider ways of paying — starchier ethicists might call it bribing — people to vote.
The world according to cartoonist Chris Britt, Creators Syndicate.
It’s not corporate greed or a lack of patriotism that is driving American corporations overseas, as President Barack Obama contends. It’s one of the worst corporate tax codes in the developed world. The cold, hard evidence of that is detailed in a new study ranking the tax competitiveness of 34 industrialized nations.
President Barack Obama’s rollout of a military campaign in Syria against the Islamic State gets messier by the day.
The world according to cartoonist Steve Breen, Creators Syndicate.
The world as seen by cartoonist Steve Breen, The San Diego Union-Tribune.
WASHINGTON — When Trey Gowdy got the job to run the House’s new Benghazi select committee, there was good reason to fear bad things.
Mail ballots early
President Obama’s zigs and zags in pursuit of immigration reform are a long-unfolding narrative now assuming epic dimensions.
WASHINGTON — The United States last declared war many wars ago, on June 5, 1942, when, to clarify legal ambiguities during a world conflagration, it declared war on Hungary, Romania and Bulgaria. Today’s issue is not whether to declare war but only whether the president should even seek congressional authorization for the protracted use of force against the Islamic State.
As it turns out, fracking doesn’t necessarily pollute the water supply. But the wells used for fracking might.
In launching two previous wars in Iraq, the United States assembled formidable coalitions of dozens of countries. Saudi Arabia, Egypt, Syria and Oman were among the Arab states that deployed substantial ground forces during the 1991 Persian Gulf War. Though derided by some as a “unilateral” U.S. action, the 2003 invasion and subsequent occupation of Iraq was supported by troops from 39 countries, nine of which deployed more than 1,000 soldiers.