In these tough and turbulent economic times, we need to look for small things we can be thankful for.
It's no secret what the average American family does when income drops: It spends less and saves more. In fact, we've seen just that during these past two recessionary years. The personal saving rate, barely 1 percent of income in the first quarter of 2008, reached 5 percent last year and remains above 3 percent.
The Pentagon has begun a new hunt for cost savings that likely will lead to scaling back big-war weapons systems in favor of funding smaller conflicts typified by Iraq and Afghanistan.
It's no secret what the average American family does when income drops: It spends less and saves more. In fact, we've seen just that during these past two recessionary years. The personal saving rate, barely 1 percent of income in the first quarter of 2008, reached 5 percent last year and remains above 3 percent.
The father of a U.S.-Yemeni citizen known as al Qaeda's top English-language Internet recruiter is fighting to have his son removed from a list of potential targets for kill or capture by the CIA or the U.S. military, and two prominent civil liberties groups want to do his bidding in court.
President Barack Obama's visit has set a standard for "The View."
The head of the nation's largest labor federation on Tuesday urged union leaders to step up support for Democrats in the November elections, despite some frustration with the pace of gains on labor's agenda.
As noteworthy as were President Ronald Reagan's fiscal policies, the quality that most distinguished him from President Obama was his disdain for dividing Americans into interest groups to be herded into his camp when convenient and pitted against each other when useful("Remembering 'Morning in America,'" Commentary, Thursday).
Last Friday, it was reported that economic growth was only 2.4 percent in the second quarter of this year - far below what the Obama administration had forecast. Yet the administration and its supporters continue to be in denial about the fact that their policies are not working. Psychologists refer to the refusal to change one's mind when confronted with contrary evidence as cognitive dissonance.
