Despite U.S. Efforts, Tension Mounts in Pakistan

Despite a flurry of efforts to broker a truce, Pakistan’s government and leading opposition politicians continue to stagger toward a head-on collision. As Washington and its allies watch with mounting anxiety, the government has broadened its crackdown, requisitioning troops and silencing a leading TV news channel

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Europe’s Message on Economic Stimulus: Enough Already!

As the economic tsunami continues to rage across the planet, the near universal refrain has been that joint action is needed to pull us out of the crisis. But when it comes to stimulus spending, the United States and Europe have taken different paths, jeopardizing hopes of a united front to combat the downturn. President Barack Obama this week urged the world’s top economies to adopt aggressive, American-sized spending programs.

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Obama’s FDA Pick: Margaret Hamburg

At least eight people have died from eating tainted peanut products in recent months, and the Food and Drug Administration has absorbed much of the blame. It is the latest in a series of black eyes for the FDA over unsafe foods, dangerous medicines such as Vioxx and allegedly cozy ties with the pharmaceutical industry it regulates

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CNBC Under Fire: Sticking Up for the Big Guy?

On the March 9 edition of CNBC’s Squawk Box, Becky Quick was interviewing Berkshire Hathaway CEO Warren Buffett when the Oracle of Omaha expressed support for the Obama Administration’s mortgage bailout. “Becky,” co-host Joe Kernen broke in, “tell Warren you’re mad that you’ve done all the right things and all these other people are going to get bailed out.” Buffett replied, “There’s nothing wrong with being mad, Joe.

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The Trouble with Obama’s New Deal

President Barack Obama faces a daunting political reality: the world he envisioned in the spring and summer of 2008, when he was formulating his political strategy and building his political alliances, has been replaced by a world in economic danger. His $3.5 trillion budget might make sense if these were normal times, with a newly elected, very liberal Administration wanting to focus on reshaping America and redistributing wealth. However, these are not normal times

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