U.S. best served steering clear of world politics

Freedom Newspapers Although Treasury Secretary Timothy Geithner met over the weekend with his counterpart in Beijing, putatively to ease tensions, there is little question the Obama administration is gearing up for a concerted economic/diplomatic offensive against China, which U.S. officials accuse of keeping the value of its currency, the renminbi, too low. This may be […]

Editorial: Private investors should be part of recovery plan

The latest program to try to stabilize the ailing financial industry, announced Monday by Treasury Secretary Tim Geithner, is still fundamentally wrong-headed. If the problem was years of overly loose credit offered to marginal borrowers, then the way you get out of it is by taking a rest from overheated and overleveraged credit until various […]

AP source: Richardson likely Commerce pick

The Associated Press WASHINGTON — New Mexico Gov. Bill Richardson had emerged as a likely pick as Commerce Secretary, according to officials. Richardson was a rival of Obama’s for the Democratic presidential nomination last winter. He dropped out after the early contests, though, and soon threw his support behind the eventual winner. It was not […]