On January 11, 2007, Hugo Chavez Frias was sworn in for a third term as Venezuela’s president, promising to expropriate strategic sectors of the economy, specifically public utilities and oil properties and to generally run rough-shod over property rights and the rule of law. […]

The Democratic Party and its supporters have indicated a willingness to enact legislation that will reduce demand for bonds, while increasing supply: a recipe for lower bond prices and higher yields. There are few signs that the weakened Republican Party, now in the minority, will put up effective resistance. Here are some signs, portents, and expectations: Increased […]

As expected, the Pandora’s box called the “Pension Protection Act of 2006” is full of nasty surprises. The Wall Street Journal (October 25, 2006) reported that the new “Pension Law Shrinks Lump-Sum Payments” to workers. See: New Pension Laws Will Alter Capital Flows Here is how Congress managed to cheat American workers: Under the old law, when […]