How the Fed Creates Money

Signs of an economic slowdown, or recession, have prompted the Federal Reserve to lower interest rates.  The Fed reduces interest rates by increasing the supply of money available to borrow.  This additional money is distributed to banks and loaned to consumers.  Assuming a constant demand for money, an increase in the quantity of money will cause interest rates to drop.  But how does the Fed increase the money supply?

Markets and Medicare

Rarely in Washington does the president get to propose legislation that Congress is required to fast track. Such an opportunity exists right now, and it pertains to the most serious …

Markets and Medicare

Rarely in Washington does the president get to propose legislation that Congress is required to fast track. Such an opportunity exists right now, and it pertains to the most serious …

Polar Bears on Thin Ice, Not Really! Redux

In early March, the polar bear could become the first species officially recognized by the U.S. government as threatened by global warming.  The U.S. Fish and Wildlife Service (FWS) has proposed to list the polar bear as “threatened” under the Endangered Species Act (ESA) — even though U.S. polar bear populations aren't declining.

How Right Is McCain?

John McCain will be the Republican Party's presidential candidate in November. Most Republicans certainly know who John McCain is, but there still seems to be a question as to just …

Climate Change Forecasters on the Hot Seat

More than 20 years ago, climate scientists began to sound the alarm over the possibility that global temperatures were rising due to human activities, such as deforestation and the burning of fossil fuels.  In 1988, the World Meteorological Organization and the United Nations Environment Program created the Intergovernmental Panel on Climate Change (IPCC) in order to study and better understand this potential threat. 

Welfare Reform in Indiana

Indiana Gov. Mitch Daniels has signed an agreement to outsource the administration of health, welfare and nutrition programs to a consortium led by the IBM Corporation and Affiliated Computer Services, Inc. Under the 10-year contract, these companies will receive and process applications for benefits received by one in six Indiana residents and provide technological support to the state's Family and Social Services Administration (FSSA).

Global Warming: Experts’ Opinions versus Scientific Forecasts

In 2007, the Intergovernmental Panel on Climate Change (IPCC) issued its Fourth Assessment Report. The report included predictions of big increases in average world temperatures by 2100, resulting in an increasingly rapid loss of the world's glaciers and ice caps, a dramatic global sea level rise that would threaten low-lying coastal areas, the spread of tropical diseases, and severe drought and floods.