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Sony_Hack by  Shutterstock

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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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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Image Credit: White House

Falcoff  argues that it will be difficult, perhaps impossible, to reverse the decades-long devastation and that to expect an instantly revitalized dynamic Cuba to emerge is unrealistic.

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Sony Pictures has now confirmed that it is canceling the Christmas release of The Interview, a comedy starring James Franco and Seth Rogen, due to North Korean–directed threats against theaters.  Not since the fatwa against Salman Rushdie and The Satanic Verses has the West so cravenly surrendered to intellectual terrorism.

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121514oil

The sharp drop in oil prices may cause a minor key replay of what happened in the Lone Star State back in 1986.

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Most federal crop subsidies go to farm households that have much higher incomes and are far wealthier than the average US household.

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