Yesterday, the Federal Open Markets Committee decided, under the guidance of chairman Ben Bernanke, to engage in a new round of quantitative easing (open market purchases of mortgage backed securities at a rate of $40 billion per month for as long as necessary) and also promised to keep interest rates at extraordinarily low levels through 2015.  I'd remind people, by the way, that the Fed could hike rates 200 basis points and still claim to be at historically very low levels (we'd be just over 2 percent).

There is a touch of hypocrisy in Mitt Romney's strident defense of free speech. It is hard to imagine that "freedom of speech" would be the first words out of his mouth if Jesus Christ were the target of ridicule instead of Muhammad.

Still, though Romney and his supporters would surely bristle at an offensive caricature of Jesus, the ambassadors of Muslim nations have nothing to fear from mobs of Christian fanatics. The United States has its fair share of religious zealots, but they are not prone to rioting and violence when their sacred symbols are profaned.

Why is that? Why are the Middle East and Indian subcontinent so much more more susceptible to religious explosions of mob violence than Western countries?

WASHINGTON – The re-election campaign for President Barack Obama has made a $1 million donation to the Mitt Romney campaign. The donation comes on the heels of Romney’s recent foray into foreign affairs, accusing Obama of sympathizing with Islamic extremists, despite the fact that it never happened.

Sources close to the Obama campaign said they wanted to make the donation to give Romney more chances to appear on television so voters could see more of him.