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Mitt Romney's tax returns reveal he pays 15 percent, less than average American

"I pay all the taxes that are legally required and not a dollar more," said Republican presidential contender Mitt Romney.

South Carolina primary 'neck and neck,' says Mitt Romney

"I'm still hoping and planning to win here," Mitt Romney told supporters last night – but also admitted that he expected to lose "some primaries" to main rival Newt Gingrich.

Conservatism British style

Conservatives in South Carolina and Conservatives in Britain, what do they have in common?
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British Prime Minister David Cameron trying to put his finger on what's wrong with capitalism at keynote speech in London yesterday (MATTHEW LLOYD/AFP/Getty Images)

Yesterday, British Prime Minister David Cameron, set out his vision of free markets and capitalism. Since Cameron is the leader of the Conservative Party you might think it was pretty obvious what he thought.

But as I blogged yesterday, he spoke of the crisis of capitalism and was even - critical of the free market. My guess is the average American who has been following the Republican party debates from Iowa to South Carolina would quickly reach the conclusion that Conservative means something very different over here. Cameron did not speak of capitalism and the free market as a gift from God, nor conflate sexual morality with good business practice.

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Britain: You want infrastructure projects, we got infrastructure projects

British government announces it will build a new high speed rail link from London to Birmingham.
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Despite serious objections from his supporters, British Prime Minister David Cameron's government gave the go-ahead today for a high-speed rail road between London and Birmingham (Christopher Furlong/AFP/Getty Images)

Britain's Tory-led coalition government gave the green light today to the biggest domestic rail project since the 19th century.

HS2 will link London to Birmingham, the country's second largest city. Distance: 140 miles. The cost: £32.7 billion ($50.6 billion). Completion date: 2026.

It is then supposed to be extended further north to Manchester and Leeds.

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Merkel and Sarkozy create a Europe the American right can do business with?

Proposals to save the euro agreed yesterday by the German Chancellor and French President focus on legally enforced balance budgets.
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Perfectly balanced pair - Chancellor Angela Merkel and President Nicolas Sarkozy agree to a rescue plan for the euro zone centered on balanced budgets. (Julien M. Hekimian/AFP/Getty Images)
Merkel and Sarkozy call for legally enforced balanced budgets for euro states as the way out of the crisis. Congressional Republicans can only watch in envy.
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