California’s proposed high speed rail system linking the north to the south is going to cost nearly $100 billion, according to a new estimate that figures the cost at three times as high as the original projection approved by California voters. The railroad also won’t be operational until 2034. The Christian Science Monitor has the […]

Good news from Pakistan has been hard to come by over the past few years, but perhaps that is finally beginning to change. Although it will not end the decades-long nuclear standoff between the two countries, Pakistan’s decision to grant Most Favored Nation status to India is a small, symbolic but possibly significant step away […]

It’s hard to imagine a greater contrast than the pomp and ceremony surrounding the G-20 summit of world ‘leaders’ in the posh resort of Cannes with the turmoil and darkness of the world’s economic outlook.  But China, the US and many others are not onlookers in the European crisis; every major economy in the world […]

Is there something about the word ‘green’ that makes people go weak in the head?Rivaled only by the ‘get tough on Netanyahu’ fiasco and the Gunwalker scandal, the ‘Green Jobs’ meltdown is the most comprehensive and conspicuous policy failure of the Obama administration to date.  What three months ago was widely hailed by the establishment […]

Legalizing drugs isn’t making people use them less.  The WSJ reports that about four times as many people die from using prescription painkillers as did ten years ago: About 14,800 people died in the U.S. from overdoses of painkillers in 2008, up from 4,000 deaths in 1999, while the number of these drugs sold quadrupled, […]

Having spent months warning readers about the incompetence of Europe’s political leadership and the incoherence of its institutional structures, I thought I had seen the worst.  But for even this hardened and cynical observer who has had years of watching European ineptitude the last 24 hours have been a revelation: the Europeans are totally at […]

Droves of jumpy Chinese millionaires are looking to emigrate from the PRC.  Should investors and geopoliticians be paying attention?With concerns about social policy and slowing growth becoming more prominent, over half of Chinese millionaires are considering fleeing the country. From the Wall Street Journal: More than half of China’s millionaires are either considering emigrating or […]