Economics

Battle for the Soul of Capitalism

Earlier this month newspaper tycoon Conrad Black, the recently ousted CEO of Hollinger International Inc., was indicted by a federal court on charges of cheating the company’s U.S. and Canadian shareholders and evading Canadian tax authorities. The eleven-count indictment alleges, among other abuses, that Black and his associates fraudulently diverted

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Off Center

By the slimmest of margins, the House of Representatives approved a budget plan today that will cut $50 billion dollars in spending for poverty, education, and farm programs over the next five years. Included are broad cuts to Medicaid and the State Children’s Health Insurance Program, food stamps, and student

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