State of the Superpower

Gun owners across the land breathed a sigh of relief last week when the Supreme Court ruled a District of Columbia law banning handguns unconstitutional.
With a 5-4 majority, the court’s District of Columbia v. Heller decision unequivocally affirms an American citizen’s right to own a handgun for self defense.
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Today oil prices surged to over $143.67 a barrel. It is only the end of June and oil prices are up over 46% for the year.
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Limited supply and demand, a sputtering U.S. stock market, and geopolitical unrest have all […]

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Tired of Justice Department stonewalling, House Judiciary Chairman John Conyers subpoenaed interview transcripts of President Bush and Vice President Cheney regarding the outing of former CIA operative Valerie Plame.
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In addition to the Bush and Cheeny Plame interviews, Mr. Conyers wants […]

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An internal Department of Justice audit revealed an informal hiring criteria for new lawyers based on political affiliation rather than merit. A hiring committee who reviewed the resumes of potential lawyers disqualified applicants with perceived liberal connections in favor of applicants with demonstrable conservative ties.
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In a rare diplomatic victory for the United States, North Korea has agreed to turn over records of their nuclear program and dismantle a nuclear cooling tower believed capable of producing weapons-grade plutonium. In return, the Bush Administration will remove North Korea from the list of states that sponsor terrorism.
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There was more bad news for the American housing market today as S&P/Case-Shiller home-price index showed U.S. housing prices dropping again in April for the twenty-first consecutive month.
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Click here Home Price Declines Hit Everywhere
According to the 20 city home price index, house values shed 15 percent of their value […]

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Despite recent decreases in the level of violence in Iraq, a Government Accountability Office report released June 23 found the majority of goals outlined under the Bush Administration’s New Way Forward strategy remain unfulfilled.
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Among the administration’s unrealized expectations for the Iraqi Government are […]

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If elected in November, Democratic Presidential candidate Barack Obama promised increased federal regulation on energy trading. Mr. Obama pointed to the “Enron loophole” that he claims currently allows unregulated speculators to run up fuel costs.
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Senator Obama also promised Justice […]

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While Democrat loyalists lick their wounds over House Speaker Nancy Pelosi’s capitulation to President Bush over domestic wiretapping, TIME magazine is desperately “spinning” the FISA Bill as a bipartisan compromise.
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By surrendering FISA, House Speaker Pelosi is courting “purple” state moderates for […]

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“This bill, though imperfect, protects both,” said Rep. Jane Harman, D-Calif., and a former member of the intelligence committee. And with that, the House of Representatives passed new electronic surveillance guidelines for warrantless wiretapping.
The bill also protects telecommunications companies from lawsuits stemming from their participation in wiretapping of American phone and computer for six […]

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