It's quite possible that there will be reductions beyond that in coming months.

No matter what happens [this week], the deeper problems of the UN are not going to be solved and, given that, I'd prefer to see the US move its emphasis to an alliance of democracies than to remain focused on a universal organization.

If you have great talents, industry will improve them: if you have but moderate abilities, industry will supply their deficiency.

The Fed comments were fairly unsurprising. They indicated that there is more tightening ahead, and that the pace will be determined by upcoming data.

Refinery shutdowns will have a big impact on gasoline prices, ... and that's a tax on consumers.

The big question now is how much companies will be able to raise prices for finished products to offset the hit to profits from higher unit labor costs.