In late December, as the 109th Congress concluded, President Bush signed a measure aimed at reforming the U.S. Postal Service. Described as "a monumental achievement" by prominent supporters like Rep. John McHugh (R-NY), many proponents of the measure believe it will bring the Postal Service into the 21st century. The legislation gives...

ACROSS THE GLOBE, MONOPOLIES LOSE GROUND IN EUROPE, FORGING AHEAD WITH LIBERALIZATION In mid-October, the European Commission proposed that the 25 EU members have until 2009 to open their letter- delivery markets to unrestricted competition. A majority of European Members of Parliament must approve the proposal before it can become law. Sweden,...

With nationalized health care, sky-high unemployment and blissfully short work weeks, you might think that the European Union is rolling backwards on the wheels of socialism. Meanwhile, with Wall Street, Wal-Mart and Viagra booming, the United States powers ahead, driven by capitalism and open markets. Right? Not necessarily. On Oct. 17, only...