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Fewer startups means less competitive intensity in the American economy. And a crony capitalist relationship between business and government could mean fewer startups.

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James Franco and Seth Rogen  "The Interview"

Hollywood and the American public alike are in uproar over the recent cancellation of Sony Pictures Entertainment’s movie, “The Interview,” which depicts the assassination of North Korea’s dictator, Kim Jong Un. US officials have confirmed that North Korean hackers are behind the attack that leaked sensitive and embarrassing Sony correspondence.

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Factory output is up, but job growth lags far behind.

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The recent cyber-attack on Sony Pictures, US intelligence officials say, “was both state-sponsored and far more destructive than any seen before on American soil.” The question now is: what is the United States going to do about it?

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Followers of the Shi'ite Houthi group wave their weapons as they gather at the group's camp near Sanaa September 10, 2014.

It’s time the US assesses how the al Houthis’ de-facto control of the Yemeni government affects our current strategy to combat AQAP.

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The current decline in US defense capabilities is undermining its conventional deterrence in the Pacific and indeed, around the entire globe.

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In 2015, we might see the resurgence of the euro crisis in a very big way.

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TV1964

We’ve made a lot of economic progress in the last 50 years as this example illustrates — for what a single Sears TV console cost in 1964, the same amount of inflation-adjusted dollars today could buy five modern kitchen appliances and seven state-of-the-art electronics items, including a 50-inch Sharp LED HDTV.

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As one economist puts it:  “We cannot all be like the Scandinavians, because Scandinavian capitalism depends in part on the knowledge spillovers created by the more cutthroat American capitalism.”

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How widespread can negative interest rates become? How negative can they get?

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