Resource rich Venezuela, which boasts of having some of largest oil reserves in the world, has now reached an all time low in petroleum production. The exportation of crude oil used to account for 95 percent of Venezuela’s export earnings until, the late socialist savior, Hugo Chávez began to re-distribute the country’s … Read more
The tragic suicide of comedian Robin Williams contains many lessons. Everyone is quick to point out the contradictions of his life. Here was a man who had everything the world had to offer to fill his life—money, fame and an entertaining lifestyle. And yet far from satisfying him, he was left with … Read more
There is a major financial storm brewing on the horizon. Such dramatic statements have long been the staple of naysayers for decades. Usually these warnings are dismissed by the financial establishment as the ravings of fringe analysts. Yes, crashes do happen, but the naysayers are never seen as prophets, but just opportunists … Read more
In the continuing debate on inequality, there are many who point to Thomas Piketty as a kind of secular prophet who can offer words of wisdom. The French economist certainly has plenty of words that can be found in his worldwide bestseller, a weighty 700-page work called Capital in the Twenty-First Century. … Read more
As Ukraine celebrated its Independence Day on August 24, the Greek-Catholic Archbishop of Kiev, Most Rev. Sviatoslav Shevchuk sought to alert the world about the oppression Christians are suffering in his country. In an open letter to the bishops’ conferences and political authorities around the world, Archbishop Shevchuk issued a cry for … Read more
In a letter of support for Ukrainian military servicemen, Metropolitan Ihor (Voznyak) stressed that “we witness the coming of a new generation of heroes ready to sacrifice their lives and forget about comfort and calmness, who are the first to respond to the cry for help of their land”. “I am addressing … Read more
In a stunning exposé revealing the truth about the abortion movement, Time Magazine ran a January 2013 cover article titled “Roe v. Wade, They’ve Been Losing Ever Since.” Young women and politicians alike are distancing themselves from the abortion industry and have now even chosen to depart from their cherished cliché—pro-choice. Leftists … Read more
After decades of pumping money into the Cuban prison island, Russia’s efforts ceased due to its own failed economy in 1991. The Russian bear was left hanging with $35 billion in uncollectable debt. Now China’s President Xi Jinping wants to try his hand at fixing the irreparable. He now intends to not … Read more
July 22 started as a bleak and overcast day, somehow fitting for the funeral of Rear Admiral Jeremiah Denton, the great Catholic Vietnam War hero, who endured many a bleak and dreary day during seven years and seven months of torture at the hands of the Communist North Vietnamese. His life was … Read more
Dr. Samuel Gregg is director of research at the Acton Institute. He has written and spoken extensively on questions of political economy, economic history, ethics in finance, and natural law theory. He has authored several books including Becoming Europe: Economic Decline, Culture, and How America Can Avoid a European Future, and most … Read more
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