The European Union is planning to tax all airlines that travel to and from the 27 EU nations based on the amount of carbon emissions they produce.  The tax, to be collected beginning in 2013 for prior year emissions, will be calculated based on the length of each flight. The farther the airlines travel, the heftier the tax.

Austerity measures in Europe have been the topic of a heated and mostly confused debate in the economic world. During the May summit of the leading industrial nations at Camp David, German chancellor Angela Merkel and other European leaders pushed for continued European austerity. Keynesian critics argue that these policies destroy economic growth.

Just when it looked like the job market was going to rebound, recent unemployment numbers revealed a disappointing reality.

Twenty-five changes to personal and business income taxes could improve the simplicity, efficiency, and fairness of the income tax system.

The Romney 4 percent Pentagon budget is no “spike”; it’s more like a return to normal, even very constrained military spending given the global mission of America’s armed forces.

The Fix over at the Washington Post—a political staple in this election year—has a little bit of election analysis out for us the night after the president of the United States slow jammed the news with Jimmy Fallon. The Fix pronounces the meme of the race: Barack Obama is cool. Mitt Romney is not.

A fascinating new memoir challenges the notion that only dramatic government intervention can rescue the working poor.