Few would doubt that China is one of the fastest growing countries today. With a population already at 1.3 billion, ways to feed and employ them are shrinking. Because of this, later this month, the Chinese government plans to use $3.5 billion for research on genetically modified (GM) crops. Although China first consented to four [...]

Economically speaking, the Democratic and Republican conventions were exercises in massive self-delusion. Barack Obama and his party acolytes bragged about how they would spend money we don’t have (we’re $10 trillion in the hole, by the way), and McCain and the Republicans promised to balance the budget, strengthen the dollar, and close the $70 trillion [...]

Crime rates should drop during good economic times and rise during bad ones. So very soon if you are walking the streets of New York late at night, you may be at risk of being mugged by gangs of investment bankers, driven to acts of desperate violence by the travails of the credit markets. This [...]