MOSCOW — Yegor T. Gaidar, the economist who oversaw the largest transition from Communism to capitalism as the first finance minister of post-Soviet Russia, only to be vilified by his countrymen for the decade of poverty that followed, died on Wednesday. He was 53. via Russia’s Market Reform Architect Dies at 53 – Obituary Obit [...]
The catastrophe that struck America’s financial system in 2008 was not inevitable. Rather than a failure of markets, it was a failure by government to understand its proper role in markets — and the product of an unwise (and unnecessary) abandonment of a sensible system of rules and boundaries that had served American finance well [...]
Nestlé has just announced that KitKat – Britain’s biggest-selling chocolate bar – will carry the Fairtrade logo from next month. But how much do consumers really know about the Fairtrade movement? Is it, as some say, an essential safety net that helps poor farmers earn a better living or, as others say, an example of [...]
An eagerly anticipated ACORN report that whitewashes the group’s lawbreaking and corruption was unveiled yesterday. ACORN ordered the sham study as political cover in September after videos surfaced showing its employees abetting child prostitution.
I participated in listen-only mode in the teleconference call in which the allegedly independent “audit” was released. I regret it was difficult to make out what the [...]
As usual, Fox News host Glenn Beck is proving himself to be one of the few commentators on cable news willing to actually report what happens in Washington, D.C. On his show last Friday, Beck explained whom President Barack Obama relies on to shape his economic policy and what this means. His (and my) conclusion: be [...]