Sen. Mark Dayton, D-Minn., and Sen. Larry Craig, R-Idaho, displayed such deep concern for the U.S. constitution in proposing their successful amendment to the pending trade authority bill that they deserve an award. However, an Oscar would be the most…
Squeezed and sweating or simply back to work?
The Department of Commerce said the other day that labor productivity in the first quarter of 2002 grew at an annualized rate of 8.6 percent, the fastest quarterly rate of growth in nearly 20 years. That’s good news, but most…
Pork and PACs vs. priorities, principles
The mini-drama of whether or not the government will buy the Crusader self-propelled artillery piece appears near an end. U.S. Defense Secretary Donald Rumsfeld said Wednesday the weapon won’t be built, setting up a confrontation with Congress over the issue…
U.S. account deficit will shrink one way or the other
In modern economies, trade in physical goods is only one component in determining international money flows. Services also flow, whether it be a Minneapolis architectural firm designing a housing project in Korea or a German insurance firm selling variable annuities…