This past week saw the French become the most recent example of the ongoing meltdown in post-World War II political parties. For the first time in the history of the French Fifth Republic, the two main parties of socialists and conservatives were eliminated from the final round of the presidential contest. The results of the April 23rd historic first round vote saw an independent candidate who started his own party only a year ago-- Emmanuel Macron-- emerge to battle it out with the powerful far right nationalist leader Marine Le Pen in what promises to be a close and hard… Read More

The two-round French Presidential campaign and election has been in the news in the last few weeks with good reason. Political outsider Emmanuel Macron has emerged as one of the two victors and will challenge his now-sole remaining rival far-right leader Marine Le Pen. All of the traditional French political parties have been shut out of the final round of the presidential campaign for the first time in the history of the current French Republic. This is only the latest contest in the upcoming non-stop bouts of European populism tests that is marching towards the perhaps now inevitable disintegration of… Read More

This past week saw a number of geopolitical order-shaking events reverberating throughout the world. After the successful Turkish constitutional referendum results gave Turkey's President Recep Tayyip Erdogan near-absolute power there, U.S. President Trump called to congratulate him while the European Union member state heads seethed in frustrated rage at Turkey's de facto decision to abandon their membership drive for the EU. Erdogan added insult to injury by calling Europe a "dilapidated continent." Meanwhile, in the Pacific Ocean, tensions of another kind raged as the deteriorating situation between North Korea and the United States escalated to the point that the Chinese… Read More

It is all too true that the Congressional Budget Office remains among the most brutally honest government agencies. Consider their recent blistering report they put out showing that the closely watched American government's debt to GDP ratio is going to double in value in the coming 30 years. They have unmasked the ugly truth in bluntly declaring that"the prospect of such large and growing debt poses substantial risks for the nation..." This is a bad but not so bleak assessment as the one offered by a previous Congressional Budget Office director: U.S. debt is "a serial horror story in which the greatest economic… Read More

This past week saw the world become a more divided and dangerous place. As the Syrian government of Bashar al-Assad used chemical weapons on his own people killing innocent men, women, and children civilians, the United States launched an over 55 missiles-strong assault on the airbase from where the chemical attack began. The world has since aligned into two sharply divided camps under pro- and anti-Assad forces. Unsurprisingly, the usual suspects of Russia, North Korea, Iran, and Bolivia are against the U.S., while Great Britain, France, Germany, Italy, the European allies, Israel, Canada, Japan, and the Middle Eastern Gulf states… Read More