Europe’s proposed financial firewall around Spain and Italy will prove any more effective in protecting those countries from another market onslaught than was the Maginot line in protecting France. The very design of the proposed firewall appears to be basically flawed in dealing with a renewed loss of market confidence in the euro’s long-run sustainability.

Despite $27 billion in federal subsidies, Amtrak is still one more government bailout away from bankruptcy. In End of the Line: The Failure of Amtrak Reform and the Future of America’s Passenger Trains (AEI Press, December 2004), Amtrak advocate-turned-critic Joseph Vranich argues that reform efforts have failed and...

Amtrak advocate-turned-critic Joseph Vranich demonstrates that reform efforts have failed and argues that Amtrak must be replaced--or it will continue to waste billions of taxpayers’ dollars.

This insightful book exposes howAmtrak--whichis seekingrecord federal subsidies while continuing to resist meaningful reforms--is not as essential to mobility as it claims.

In his new book, Joseph Vranich offers an in-depth analysis of the trouble Amtrak train system since the passage of the 1997 reform legislation.

The news that al Qaeda in the Arabian Peninsula nearly blew up a US aircraft last week is a reminder of its continuing strength.

In the run-up to this weekend's G-8 summit at Camp David, journalists have unfavorably compared European "austerity" with Barack Obama's economic policies.