The Greek dimension of the EU sovereign debt crisis is by now well known to all. Investor anxiety over excessive national debt throughout the EU led to demands for higher interest rates from several governments with greater debt levels and current account deficits. This in turn made it difficult for some governments to finance further […]
This past weekend the US Congress passed a bill to reform the country’s health care system. It must now be merged with legislation in the Senate and pass through an additional vote in that house. One aspect of the bill rarely mentioned in the past week, but which attracted scrutiny, is health care coverage for […]
Next year the Obama administration will likely push for comprehensive immigration reform that legalizes millions who are currently in the United States without documentation. The US has an estimated 11 million “illegal immigrants”, representing approximately 3% of the total population. (Note: Please see a clarification on terminology below.) This is an astonishing number. Albeit the […]