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From the New York Times: In a sign of the nervousness surrounding Mr. Panetta’s trip, the Marines and other troops who were waiting in a tent for the defense secretary to speak were abruptly asked by their commander to get up, place their weapons — M-16 and M-4 automatic rifles and 9-mm pistols — outside [...]

Illustration by Pat Crowley — …Pravda, historically the organ of the USSR Communist Party, now an online paper of the same, sinister-storied name, can comment on the stunning lack of media oxygen given to further evidence, as marshaled by Arizona Sheriff  Joe Arpaio and his Cold Case Posse, that President Obama is an identity thief. [...]

I first posted this heart-warming April 1945 photograph of Canadian-liberated Zwolle, Netherlands last year. I’m posting it again because the point I raised then is at least as relevant today, particularly in light of the tragic and completely aberrational incident in which an Army Staff Sergeant apparently walked off base and shot and killed t6 [...]

By now you know that the stress test results came out yesterday and that 15 of the 19 largest banks passed. The failed “banks” were Citigroup (C), Sun Trust (STI), Met Life (MET) and Ally Financial. I put banks in quotations because obviously Met Life is more of an insurance company. You can read this [...]

Given the further correction in the price of gold and silver it warrants a revisit of my post of March 2nd in which I illustrated that such lower prices were a distinct possibility. Unfortunately for many uninformed investors, my analysis has unfolded as forecast. I also analyzed the USD and the broad stock market at that [...]

Gold it is still tracking well in line with Elliott Wave expectations [which foretold] a rally from the previous low followed by a further decline to [as low as $1,650 before going onwards and upwards. Let me explain the steps that brought me to that conclusion.] Words: 683 So says Alf Field  in edited excerpts from an article* posted on goldswitzerland.com [...]

Our forecast of much higher gold prices depends not one iota on the day-to-day ups and downs, no matter how extreme, in the yellow metal’s price. Instead, the average long-term price is entirely a function of world economic and political developments, which affect the intensity of investor interest (what we might call long-term hoarding demand) [...]

(Ilya Somin) Andrew Cochran of the 7th Amendment Advocate (who is also a representative of the organized trial bar), reports that the House is likely to vote on a Republican bill restricting state medical malpractice lawsuits next week. He cites several conservative and libertarian legal commentators who oppose federal tort reform on constitutional grounds, including [...]

(David Bernstein) Yesterday, I got a request from the Harvard Law Review to undertake an anonymous “peer review” of an article HLR is considering for publication.  I thought I’d share my response, below. In considering your request, I had in mind some comments that Professor Stephen Bainbridge has made about the one-sided nature of these [...]