Senior Fellow Randy T. Simmons, co-editor of Aquanomics, looks at the battles over water in the western United States. Thirsty citizens of growing cities, farmers, factories and environmentalists are in a fight for a natural resource that is priced arbitrarily. Its value is determined not by the free market, but by bureaucrats. Outdated government reclamation projects and water policies have put residents of the Golden State at the mercy of the weather, and of government's mandatory regulations.
The recent elections in Iraq have not resolved the main problems therea constitutional crisis, continued terrorism, a potent Sunni rebellion, and fighting between religious and ethnic groups that could result in a full-blown civil war. Is the Iraq war a hopeless quagmire that has been lost, or can the U.S. still foster a united, peaceful and prosperous Iraq?