The reason America’s poor are richer than most Europeans

The U.S. has diverged from the OECD approach to economic and energy issues that critics called this weekend’s G7 Summit the “G6-plus-one.” However, a new study shows America’s less regulated, less regimented economy has generated such abundance that the poorest 20 percent of Americans are more prosperous than the average European. Continue Reading...

Free Universal Health Care is Expensive, Tricky

Despite a promise of “complete and fair coverage of health care for everyone for free,” the Greek state-controlled system is broken and corrupt, the Athens daily ekathimerini.com reports. Predictably, Greeks have taken it upon themselves to build a private health care sector: Despite hikes in Greece’s health spending between 2000 to 2008 being among the highest of all OECD countries, this has not been matched by growing life expectancy rates, the report added. Continue Reading...