Last Sunday, the private aerospace company SpaceX launched the first commercial resupply mission to the International Space Station (ISS). This launch, carried out by the company’s Falcon 9 rocket, is part of a $1.6 billion contract signed with NASA in 2006 to carry out at least 12 such missions. The unmanned launch carried needed supplies … Continue reading
The future of the Eurozone appears to hinge on Southern Europe at the moment. But eight states, almost all of them in Eastern Europe, may also play a role in the future of the currency bloc in the coming years. Under the terms of their entry to the EU, these states have agreed to adopt … Continue reading
Mitt Romney – a 21st century Thurston Howell; a Wall Street shill; the man who invented the silver spoon. This is the narrative that democrats have tried to create concerning the republican presidential nominee. And yet during the first debate on Wednesday, Romney sounded a populist tone as it relates to Wall Street and big … Continue reading
It seems that the approaches on how to fix the economy fall on two distant sides. Mr. Obama proposes raising taxes on the wealthiest in the nation to increase revenue and help lower the deficit. Mr. Romney offers an extension of tax cuts to everyone, while reducing the deficit by closing loopholes. In the past … Continue reading
As the new jobs report was released this morning, everyone across the country held their breath to see if the new unemployment numbers would show a rise or fall. The numbers are out and for the month of September unemployment fell to 7.8 percent, the lowest since President Obama took office. This should be a … Continue reading
In the spring of 2011, a newly-elected Republican Congress claimed a mandate from the American people to cut spending at any cost. Twice – in February and April – Congress came within hours of a government shutdown before short-term spending measures (Continuing Resolutions) were passed, cutting spending in each case. As spring moved to summer, … Continue reading
“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness…” – Charles Dickens, A Tale of Two Cities In the iconic opening lines of a Tale of Two Cities, Charles Dickens describes pre-revolutionary France, but he could just as easily be … Continue reading
A myriad of articles have been written on how the presidential election of 2012 should garner a stringent comparison to that of the 1980 presidential election. I agree. During both presidential elections the United States economy was and is hurting. But, the focus of this article is: how did the presidents perform after they won … Continue reading
When we invested in the Hoover Dam or the Golden Gate Bridge, or the Internet, sending a man to the moon — all those things benefited everybody. And so that’s the vision that I want to carry forward. – Barack Obama This statement, in a nut shell, represents the entire positive argument that President Obama is … Continue reading
The period between March 1991 and March 2001 was the longest continuous expansion in U.S. economic history, according to the National Bureau of Economic Research. But the sunset of this period, with the bursting of the Dot Com bubble and the attacks on 9/11, marked the beginning of a two-year recession. In response, the Bush … Continue reading
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