As Representative Ron Paul, a 76-year-old Texan, slows down his presidential campaign, libertarians are looking for their next champion. But their search will be short. Over the past two years, Senator Rand Paul of Kentucky, the candidate’s charismatic son, has established himself as a favorite of his father’s followers and a rising [Continue]

In West Virginia, federal inmate Keith Judd recently swiped 42 percent of Democratic votes from the president, indicating the level of dissatisfaction among the rank and file. And according to a Talk Business–Hendrix College poll conducted on May 10, Obama leads John Wolfe, a virtually unknown candidate, in Arkansas’s 4th congressional [Continue]

In Jonah Goldberg’s The Tyranny of Clichés, liberals in the United States try to conceal their ideological bias by pretending to be objective, pragmatic, and moderate. The Greek Left, on the other hand, operating in a center-left country, has no such preoccupations. In the May 6 parliamentary elections, for the first time in recent [Continue]

Late last week JPMorgan Chase announced that it had lost some $ 2.3 billion, and possibly more, as a result of bad investment decisions made by its risk-hedging operation. Predictably, some have seized on this misstep to call for greater regulation of the banking industry. White House spokesman Jay Carney said: “The president fought very [Continue]

The Texas Conservatives Fund, a super PAC supporting Lieutenant Governor David Dewhurst in the state’s Republican Senate primary, is attacking his main rival, former state solicitor general Ted Cruz. In a television ad airing throughout the Lone Star State, the fund derides Cruz’s reputation as a conservative. “Ted Cruz, a [Continue]

Mitt Romney went into the wrong line of work. If only he had been a lecturer in constitutional law, he wouldn’t have a business record vulnerable to distortion by a desperate incumbent president. Barack Obama’s hands, in contrast, are clean. He taught at the University of Chicago Law School and didn’t make the mistake of [Continue]

Announcing the results of his long-term “evolution” on the subject last week, President Obama revived the debate over gay marriage. In the widespread discussion, however, there is one question that’s rarely asked: How interested are gay couples in getting married? Heretofore at least, the answer seems to be “not [Continue]

Et tu, Jamie Dimon? The embarrassing announcement of a large trading loss at J. P. Morgan has brought the issue of bank regulation back to the fore. J. P. Morgan’s announcement was particularly shocking because Morgan was one of the few banks to emerge from the financial crisis with its reputation intact, or even enhanced. [Continue]

On Friday, roughly 2,200 Minnesota Republicans will assemble at their party’s state convention in St. Cloud to nominate a candidate for the U.S. Senate. Three men are vying for the nomination: Kurt Bills, a state representative from Rosemount; Pete Hegseth, an Iraq War veteran from Stillwater; and Dan Severson, a former state representative [Continue]

It would be tempting to write that the Governmental Accounting Standards Board (GASB) is poised to blow a $ 3 trillion hole in the budgets of state and local governments. But in fact, if you want to be precise, GASB is getting ready to blow the lid off of the $ 3 trillion hole that [Continue]