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Europe's Energy Problem

Developments in the Middle East and Ukraine show Europe needs to improve its energy policy or face serious economic consequences.

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Attorney Fees in Patent Cases: There is a Middle Ground

Automatically awarding attorney fees to the prevailing party, at least in patent cases, would be a grave mistake and wreak havoc on our legal system.

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The G-7 Weighs in on SIFI Designations

The Treasury and Federal Reserve, afraid of congressional opposition, sought G-7 support for accelerated SIFI designations of capital markets firms.

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The Natural Gas Boom: Questions and Complications

Complex changes do not bring unalloyed benefits, and rather than adhering to a simplistic infatuation with new riches, we should recognize a number of already obvious complications and ask a number of necessary questions.

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What a Father Taught Me

He helped me penetrate the mystery of fatherhood, even if it is a bit late.

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Europe in Denial

Despite an electorate that is increasingly hostile to the European project and the risk that Europe could be drifting towards Japanese-style deflation, European policymakers remain complacent.

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Stanley Cup Blues

As much as I’ve grown to love hockey, I can’t bring myself to watch the ongoing Stanley Cup finals.

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Death, Duty, D-Day

Seventy years ago, our nation led the Western World to a costly victory over tyranny in what was the greatest military undertaking in history.

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North Korea's Paradoxical Upswing in Trade

Never before has the North Korean economy been so totally dependent on the largesse of a single trade patron as it appears to be today.

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The Future Electric Grid

We hear increasingly that technology is making today’s electric utility model ‘obsolete’ and will put its companies into a ‘death spiral.’ Is it possible that so much has changed so quickly?

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Nader’s Pitch for a Left-Right Convergence

Ralph Nader’s new book shows his zeal for finding and promoting left-right solutions.

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Al Qaeda Isn’t ‘On Its Heels’

The president’s optimistic characterization of the al Qaeda threat in South Asia is increasingly outdated. The terrorist group is regenerating due to a pause in U.S. drone activity and the ongoing withdrawal of U.S. troops.

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New Flight Rules Are a Heavy Load

Requiring that pilots have more flight hours may seem like a sensible government action designed to protect us, but the reality is that it will destroy jobs, increase the cost of flying, and result in more people dying in transit.

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If Detroit's Not Too Big To Fail...

With the instructive Detroit precedent, shrunken populations, and underfunded municipal pensions common, we can conclude that no city, not even Chicago, should be thought of as too big to fail.

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California’s New Solar Plant: Burning Up Taxpayer Money, Land, and Wildlife

While the federal government receives net payments for electricity-related oil and gas production on federal land, the net subsidy for the new Ivanpah solar plant is almost 300 times greater.

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Are the U.S. Dollar’s Days Really Numbered?

The U.S. dollar will remain the world's reserve currency because no other major currency offers such liquidity, depth of financial markets, and store of value.

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Time for a New Contract with America

One way to turn probable pick-ups into a 1994-style rout this midterm would be for the Republicans to, once again, nationalize the election with a new Contract with America, positioning themselves credibly as the party of real reform.

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New FDA E-cigarette Regulations: Killing an Industry, Killing Smokers

If the FDA's proposed regulations go into force, the likely outcome is a severe reduction in consumer choice, and thus fewer smokers quitting and more dying needlessly.

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Bernard Mandeville, Psychiatrist in the Marketplace

Published 300 years ago, what made The Fable of the Bees radical wasn’t the idea that the passions could serve the public good. It was that the burgeoning consumer society should follow the free play of human desires rather than Christian or classical ethics.

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Coins That Go Clunk

Fifty years ago, U.S. silver coins disappeared from circulation, symbolizing a profound shift in the behavior of the government with respect to money.

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