Americans are creating tens of millions of jobs in other countries with our purchasing power, and we are losing tens of millions of jobs in our country, because foreigners are not buying as much of our goods and services.
What are they doing? They're buying our assets. So we lose twice. We lose the jobs, and we are moving further toward national bankruptcy. That is the end game.
A U.S. aircraft carrier was dispatched to the waters off Yemen Monday to join other American ships prepared to block any Iranian weapons shipments to Shiite Houthi rebels fighting in Yemen.
A Navy official confirmed to Fox News that the USS Theodore Roosevelt -- along with her escort ship, the USS Normandy, a guided-missile cruiser -- left the Persian Gulf on Sunday en route for the Arabian Sea, to help enforce the blockade. A massive ship that carries F/A-18 fighter jets, the Roosevelt is seen more of a deterrent and show of force in the region.
Key congressional leaders agreed on Thursday on legislation to give President Barack Obama special authority to finish negotiating one of the world's largest trade accords, opening a rare battle that aligns the president with Republicans against a broad coalition of Democrats. With committee votes planned next week, liberal senators such as Sherrod Brown of Ohio are demanding to know Hillary Rodham Clinton's position on the bill to give the president so-called trade promotion authority, or TPA. "We can't afford to pass fast track, which would lead to more lost jobs and lower wages," said Richard Trumka, president of the AFL-CIO. President Obama embraced the legislation immediately, proclaiming "it would level the playing field, give our workers a fair shot, and for the first time, include strong fully enforceable protections for workers' rights, the environment and a free and open Internet."
Every couple of years, mainstream media hacks pretend to have just discovered libertarianism as some sort of radical, new and dynamic force in American politics. It's a rehash that goes back decades, and hacks love it because it's easy to write, and because it's such a non-threatening "radical" politics (unlike radical left politics, which threatens the rich). The latest version involves a summer-long pundit debate in the pages of the New York Times, Reason magazine and elsewhere over so-called "libertarian populism." It doesn't really matter whose arguments prevail, so long as no one questions where libertarianism came from or why we're defining libertarianism as anything but a big business public relations campaign, the winner in this debate is Libertarianism.
The first all-electric open wheel racing series, Formula E, made its United States debut Saturday in Miami. It's the fifth race of the series' inaugural season. The cars are completely battery powered -- there are no combustion engines -- and they emit a high-pitched whir instead of the roar typically heard in auto racing. There are also no pit stops during the race. Instead of running out of gas, the Formula E cars run out of battery about halfway through the 39-lap event. Before that happens the drivers must make it to the pit area where, instead of swapping batteries, they hop into an entirely different car.