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Wednesday, January 27, 2010

More tension on the Korean border as the two sides exchange fire. I guess the North Koreans are getting a little more desperate, and hope to get some more bribe money.

Democratic consultant Dan Payne says polling data shows Massachusetts voters elected Scott Brown because "it's the economy, stupid."

Well, it's going to get worse for Democrats if Pete Dupont and Arthur Laffer are right about what happens next. Dupont writes an op-ed piece in The Wall Street Journal that makes sobering reading. In essence, Dupont and Laffer believe that automatic tax increases scheduled to begin in 2011 (as the temporary Bush tax cuts expire and are not renewed by Obama and the Democratic Congress) will cause people to cram their economic activity into 2010, causing a false upturn, and then retrench in 2011, causing a more severe downturn.

Meanwhile, as lawmakers express skepticism about the President's proposed freeze on some discretionary spending, the CBO continues to sound the alarm about TRILLION dollar deficits. The CBO estimates the 2010 deficit at $1.35 trillion, hard on the heels of the 2009 deficit of $1.4 trillion. This madness cannot go on forever.

Here are some charts and graphs showing how economic activity has fallen over the last three years.

Robert Kagan says regime change is the only way to deal with Iran.

Three months after they started charging for online access, Newsday has 35 new subscribers. There are some mitigating factors, but it does not bode well for any general news outlet wishing to charge for their online services.

If you think Haiti is an economic basket case, just wait until we see Cuba collapse.

Once again, Ralph Peters says, our military and civilian leaders fail to understand what motivates our enemies, just as we did in Vietnam.

New Hampshire's record 231-mph wind gust is no longer the highest wind gust ever recorded on the surface of the Earth.

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