Led by Citibank and Chase Manhattan of New York, the major U.S. banks recently raised their prime interest rate to 9-1/2 percent. This was the ninth time the banks have raised their interest rates within the last 12 months. Some bankers are … [Read more...] about The Climbing Interest Rates

What is the wealthiest metropolitan area in the United States? What is the area where the average household income is $27,702 -- about one-third above the national average? What is the area that is almost recession-proof, where unemployment is far … [Read more...] about Wealthy Washington, D.C.

Good news on the energy front occurred earlier this month when the President of Mexico announced that new discoveries show that Mexico has one of the largest oil and gas reserves in the world. President José Lopez Portillo described these oil … [Read more...] about Solutions to the Oil Shortage

When Senate Majority Leader Robert Byrd said recently that he wouldn't call up a Strategic Arms Limitation Treaty because "it wouldn't be ratified in the present atmosphere," he accurately reflected the American people's loss of confidence in the … [Read more...] about Price’s Letter to Carter

The advocates of a new constitutional amendment popularly known as "D.C. Rep" have started off their campaign for ratification using the-end-justifies-any-means tactics. Their approach is, we want this constitutional amendment right now, and we'll … [Read more...] about D.C. Representation

"The worst crime against working people is a company that fails to make a profit." John D. Rockefeller? Andrew Carnegie? Wrong. The author of that statement was none other than Samuel Gompers, who headed the American Federation of Labor from 1886 to … [Read more...] about The Need for Profits

Those who hoped that the College of Cardinals would select an American Pope for the Catholic Church were disappointed, but they can rejoice that the new Pope took the same name as one of the most revered of American patriots. In selecting his name, … [Read more...] about Pope John Paul I

When is the Carter Administration going to stop acting as though the money mess is just one of 20 items on the week's agenda and start treating it like the crisis that it is? In the last year, the dollar has lost 33 percent of its value against the … [Read more...] about The Money Mess

Is the world of tomorrow one of unlimited energy -- or a world in which our prime task will be to allocate equitable shares of rapidly shrinking resources? Are we running out of energy -- or have we barely scratched the surface of the treasure trove … [Read more...] about Fusion Power in our Future

For centuries the Seven Deadly Sins have been considered a quaint artifact of the Middle Ages, useful to medieval scholars but beneath the dignity of sophisticated modern man. Every king and peasant in Christendom used to be able to recite the 1,300 … [Read more...] about The Seven Deadly Sins