U.S. President Barack Obama said this recently in an address to the American Legion in North Carolina: “The United States is and will remain the one indispensable nation in the world.”1 Is America really “the one indispensable nation” in the world? Will it remain as influential as it is today… as it has been in […]

A big disappointment occurred earlier this year. It was the report that the U.S economy suffered a huge negative setback in the first quarter of 2014. Economic growth (as measured by the concept of Gross Domestic Product, or GDP, for short) purportedly shrank at the rate of minus 2.8% during that period. Economists were shocked. […]