On Monday, billionaire financier Warren Buffett made two important contributions to the public good. First, he announced a staggering gift of $30 billion of his fortune to the Bill and Melinda Gates Foundation. Perhaps more important for America's future, Buffett came out swinging in defense of the estate tax. During his press conference, Buffett offered […]

A jury in Houston has just spoken and found former Enron CEO Ken Lay guilty on all six counts. Bush family sugar daddy Lay, who gave his close friend George W. Bush over $500,000 for his various campaigns, now faces a long stint in prison and perhaps the Grandma Millie treatment. It will be interesting […]

Signs of China's rapid growth into an economic superpower are everywhere. The latest indicator comes in a report from the China National Bureau of Statistics announcing a staggering 9.9% rise in Chinese GDP in 2005. With its $2.26 trillion economy, China has leap-frogged the UK, France and Italy to become the fourth largest in the […]

The American manufacturing sector took another body blow today as Ford announced massive layoffs beginning in 2007. As many as 30,000 employees at 14 Ford plants in North America, up to 21% of the company's hourly workforce of 82,000, could be impacted by 2012. The announcement by the #2 American automaker comes within weeks of […]

To kick-off his 2006 campaign for permanent - and dangerously irresponsible - tax cuts, President Bush crowed on Friday about his economic stewardship. "The American economy," Bush boasted, "heads into 2006 with a full head of steam." New economic data released on the same day, however, suggests that the American economic locomotive may be experiencing […]

Nothing, apparently not even the growing opposition to the war in Iraq, frustrates President Bush and the Republican Party more than Americans' consistently negative view of the economy. Despite 215,000 new jobs in November, stout 4.3% Q3 GDP growth and a whopping 4.7% gain in productivity, only 37% of Americans approve of Bush's handling of […]

One of the recurring themes at Perrspectives is the growing Achilles Heel of the conservative movement. Dormant for two presidential elections, the yawning chasm between economic and social conservatives is reemerging, and with it, a serious threat to the Republicans' majority status. In the wake of its Schiavo disaster and the revolt over the Harriet […]

During a week when Democratic National Committee chairman Howard Dean tried to rally his party in a quixotic effort to block the confirmation of John Roberts, Republicans at all levels of government may have given him the keys to Congress. For Democrats, ending the epidemic of GOP corruption, patronage and cronyism has to be one […]

The rejection of the EU constitution by French and Dutch voters this week has raised a host of questions about the future of the European project. But while Euro-optimism absorbed a body blow, Americans may be just waking up to the prospect of a transformed alliance. Perrspectives has written repeatedly about the rise of the […]

The Parents Television Council is taking to the air waves to protest the new Paris Hilton ad campaign from West Coast burger chain Carl's Jr. The controversial and widely viewed ad depicts the vapid and scantily clad Hilton gorging on Carl's burger while performing a masturbatory car wash. But while right-wing watchdogs like PTC's L. […]