Peaceful Nationalism as a Foundation for Economic Liberalism

UBS Warns America's Restaurants Locked In "Difficult Cycle" As Tax-Refund Sugar-High Fades There is certainly a growing consensus on Wall Street that the tax-refund sugar high is fading just as consumers' financial profiles deteriorate. The latest read-through comes from UBS analyst Dennis Geiger, the bank's U.S. restaurants equity research analyst, who warns that a toxic cocktail of macro pressures is likely to crimp restaurant spending in the second half of the year. Geiger warned in a note that elevated gas prices at the pump appear to be offsetting tax-rebate benefits, while...

Mossad Chief Declares Mission In Iran Not Over Until Regime Falls A two-week Iran-US-Israel ceasefire is still in effect despite the collapse of last weekend's Islamabad talks, where the big hang up was fierce disagreement over Iran's nuclear development. The clock is ticking amid efforts to hold more direct talks by the end of this week. What's unlikely to help things move along is a fresh statement from Mossad Director David Barnea. While speaking at a Holocaust Remembrance Day ceremony in Jerusalem on Tuesday, he boasted that Mossad assets have been operating from...

The financial analyst Richard Daughty, whose pen name was Mogambo Guru, passed away four years ago, but while he was alive, he produced spot-on criticisms of the US government and its inflation rocket fuel booster, the Federal Reserve System.