Here is another good news/bad news column about the 112th Congress.

From the perspective of the corporate profit and loss statement, a trading loss is one expense item in the context of all revenues and expenses. So $2 billion should be compared to the bank's $26.7 billion in pretax profits for 2011, suggesting a reduction of something less than 10 percent in annual profit.

In an upcoming piece, AEI's Kevin Hassett highlights a new unique index of policy uncertainty which was developed in a path-breaking paper by Stanford economists Scott R. Baker and Nicholas Bloom along with AEI Visiting Scholar and University of Chicago economist Steve Davis. Among...

Amb. Bolton’s interview last night on Fox News “On the Record” with Greta Van Susteren discussing the latest on Chinese dissident, Chen Guangchen

The primary drivers of our growing debt burden are the “Big 3” entitlements of Social Security, Medicare and Medicaid. Yet as part of the debt ceiling deal that created sequestration when the Super Committee failed, politicians effectively fenced off nearly two-thirds of the federal budget and the main source of our over-spending. 

With Europe collapsing, China stumbling, and India and Brazil retreating from full free market reform, we’re the last stable, pro-growth economy left.  

The Paycheck Fairness Act looks like common sense, but instead of helping women it will hurt all workers. The legislation, built on 30 years of spurious advocacy research, will impose unnecessary and onerous requirements on employers.