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From, But Of Course!, The New York Times: Anxiety is mounting that a quick recovery for the economy no longer seems probable. The nonpartisan National Bureau of Economic Research, charged with officially dating recessions, has declared that the economy had been languishing in one since December 2007. “To find out that we are 11 months [...]

In a free-market system, competition and one’s own personal stake motivate people to do their best. In this process, the winners create wealth, jobs and new investment, while others go back to the drawing board better prepared to try again. To an unprecedented degree, government is currently picking winners and losers in the private marketplace, [...]

These are the 12 “foreign,” or so-called transplant, producers making cars across America’s South and Midwest. Toyota, BMW, Kia and others now make 54% of the cars Americans buy. The internationals also employ some 113,000 Americans, compared with 239,000 at U.S.-owned carmakers, and several times that number indirectly. … Consider labor costs. Take-home wages at [...]

Deepak Blames America The media look within to explain the sick delusions of the Mumbai killers. By DOROTHY RABINOWITZ If the Mumbai terror assault seemed exceptional, and shocking in its targets, it was clear from the Thanksgiving Day reports that we weren’t going to be deprived of the familiar, either. Namely, ruminations, hints, charges of [...]