February

How Greedy Speculators Control Commodity Prices

One feature of the extraordinary year that has ended was the extreme volatility of global commodity markets. Because economic analysts have become so short-sighted, each of these rapid movements has been over-interpreted as reflecting structural changes in global demand and supply rather than conjunctural forces that are liable to change.

Housing Crisis Pushes Up Homelessness

Every Christmas season a large electric star visible for miles is illuminated on a mountainside overlooking Bethlehem, Pa., to commemorate the time the holy family of Christianity took refuge in a manger on the night of Christ’s birth.

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