When ancient fossils of creatures that live on the ocean floor have been found in rock formations at the summit of Mount Everest, that ought to give us a clue that big changes in the earth are nothing new, and that huge changes have been going on long before human beings appeared on the scene. . . .
Iraq’s recently concluded inconclusive elections will be followed in August by the pullout of American troops, making this a good time to ask what American taxpayers have achieved with the $45 billion spent on reconstructing Iraq since 2003 and what steps to take next. . . .
U.S. President Barack Obama played a key role in hammering out a successor to the 1991 Strategic Arms Reduction Treaty, speaking with Russian President Dmitry Medvedev on 14 occasions since last spring to help resolve impasses that arose between negotiators meeting in Geneva, Switzerland, the New York Times reported Friday (see GSN, March 26). . . .
John Taylor, the Stanford University economist who created a rule for guiding monetary policy, said the Federal Reserve may need to raise its target interest rate by the end of 2010 as the U.S. economy recovers. . . .