By Emily Stephenson WASHINGTON | Thu May 10, 2012 4:38pm EDT (Reuters) – The Postal Service said its loss widened to $3.2 billion in the first three months of 2012 and repeated on Thursday its warning that it will likely default on payments to the federal government unless Congress passes legislation offering some relief. The [...]

May 10, 2012 A former top CIA covert officer who ran one of the spy agency’s secret domestic networks says there are now more foreign spies on U.S. soil than at the peak of the Cold War. The former officer, Hank Crumpton, who also served as deputy director of the CIA’s Counter-Terrorism Center and led [...]

May 11, 2912 By Elad Benari The United States is worried that Shaul Mofaz and his Kadima party’s joining a unity government with Prime Minister Binyamin Netanyahu could result in an attack on Iran’s nuclear facilities at any given moment, according to a report on Channel 10 News on Thursday. U.S. government officials told Channel [...]

Friday, 11 May 2012 By: Reuters JPMorgan, the biggest U.S. bank by assets, said it suffered a trading loss of at least $2 billion from a failed hedging strategy, a shock disclosure that hit financial stocks and the reputation of the bank and its CEO, Jamie Dimon. For a bank viewed as a strong risk [...]

A confessed killer of Americans is about to walk free in Iraq. May 9, 2012 – WSJ A captured senior Hezbollah operative who confessed to the torture and murder of American soldiers may soon walk free. This travesty is a betrayal of those fallen men, and an indictment of the Obama Administration’s politically contorted approach to [...]

The President has a pre-election change of heart. May 9, 2012 – WSJ Congratulations to President Obama for matching his public policy with what everyone already knew were his private beliefs. His statement Wednesday that he supports same-sex marriage spared the public the ruse of waiting until after the election to state the inevitable. First [...]

If austerity is so terrible, how come Germany and Sweden have done so well? May 9, 2012 – WSJ By ROBERT J. BARRO The weak economic recovery in the U.S. and the even weaker performance in much of Europe have renewed calls for ending budget austerity and returning to larger fiscal deficits. Curiously, this plea [...]

Roosevelt reluctantly unleashed industry to win World War II, thereby laying the groundwork for America’s economic recovery. May 9, 2012 – WSJ By ARTHUR HERMAN If President Obama still wants to turn our economy around, it’s time for him to act more like Franklin Roosevelt—but not in the way he might think. It takes a [...]

The Democratic left has conceded human rights to the conservatives. May 8, 2012 WSJ By DANIEL HENNINGER It’s a question that keeps coming up: Is it just everyone’s imagination or has the human-rights agenda been demoted by Barack Obama? The unflattering word often associated with Mr. Obama and human rights is “ambivalence.” When Iranian students [...]

The auto bailout makes Bain Capital look like an amateur on job losses and outsourcing. May 10, 2012 – WSJ By KARL ROVE President Barack Obama’s re-election organization is spending a lot of time attacking Mitt Romney over his careers in venture capital (investing in start-ups) and private equity (investing in troubled or failing businesses). [...]