• Too bad no one saw this coming: Social Security is now in the red.

• Now that the health care bill is law, you should know exactly how it’s going to affect you, your premiums, and your coverage over the next few years. Here’s a helpful breakdown.

• As the health care overhaul crosses home plate, global warming legislation steps up to bat.

• Appreciate this: Chinese currency rise will have a negligible effect on the trade deficit. For more, read the whole paper.

• Podcast:  “A Plea for Divided Government” featuring John Samples, author of the forthcoming book The Struggle to Limit Government.

Globalization holds tremendous promise to improve human welfare but can also cause conflicts and crises. How will competition for resources, employment, and growth shape economic policies among developed nations as they attempt to maintain productivity growth, social protections, and extensive political and cultural freedoms?

In a new study, Cato scholar Jagadeesh Gokhale offers policy recommendations for developed nations to reduce globalization’s negative effects and, indeed, harness it for solving economic challenges.

• David Boaz on Obama’s first year: “From this libertarian, Obama’s first year looks grim. …He may well end up like Lyndon Johnson, with an ambitious domestic agenda eventually bogged down by endless war. But I don’t think his wished-for FDR model — a transformative agenda that is both popular and long-lasting — is in the cards.”

• The message from Massachusetts: “There can be no denying that this election was a clear cut rejection of the Democratic health care bills.”

• Attacks from all sides: See what happens when the Right takes on free enterprise.

• A new dictator in Iraq?

• Podcast: Daniel Ikenson discusses Obama’s trade policy.