"EMPLOYMENT IS DEAD IN THE WATER because opportunities for organic expansion are few and the cost basis of doing business in the U.S. keep rising. That vise forces businesses large and small to reduce labor costs while boosting productivity. There is no other way to stay solvent in a post-bubble, over-capacity, over-indebted consumerist economy awash in too much of everything but energy, common sense and fiscal prudence."

Read it all.

OBAMA: 'Never mind' about deficits. Send him a pea (one pea only).

DANIEL J. MITCHELL: Expect civil disobedience if politicians try to undermine the Second Amendment.

“HYBRID WING” uses half the fuel of a standard airplane.

CHANGING OF THE GUARD: "New Obama team likely to live down to expectations."