Free Republic

Iranians posting across social media platforms are elated that Iran and six world powers reached a historic nuclear deal Tuesday after almost a decade of negotiations. The agreement limits Iranian nuclear activity in exchange for billions of dollars in sanctions relief. Iranians are declaring online that the deal is a victory, posting ‎#IranWinsPeace in thousands of tweets and Instagram posts since Monday. “I hope that good days are waiting for us,” someone tweeted from Tehran, using the hashtag. “The Iranians showed that they are civilized and rational people.” Final talks in Vienna involved nearly three weeks of intense round-the-clock talks....

WASHINGTON (MarketWatch) -- Job growth decelerated sharply in May, the Labor Department said Friday. Total nonfarm payrolls increased by 54,000, much lower than the 125,000 gain expected by Wall Street economists. This is the smallest increase in nonfarm payroll since September. The unemployment rate ticked higher 9.1% in May from 9.0% in the previous month.

In the political marketplace, there's now a run on Obama shares. The left is disappointed with the president. Independents are abandoning him in droves. And the right is already dancing on his political grave, salivating about November when, his own press secretary admitted Sunday, Democrats might lose the House. I have a warning for Republicans: Don't underestimate Barack Obama. Obama is down, but it's very early in the play. Like Reagan, he came here to do things. And he's done much in his first 500 days. What he has left to do he knows must await his next 500 days...

For 97 years the 12 regional banks of the Federal Reserve system have operated relatively free of political interference from Washington. The looming financial reform bill threatens that independence, not least through an effort to impose new presidential appointees at the regional banks. The biggest underreported threat comes from Subtitle I, Section 1801 of the House financial reform bill titled "Inclusion of Minorities and Women; Diversity in Agency Workforce." Sponsored by California Democrat Maxine Waters, the provision requires each federal financial agency, the Fed Board of Governors and the 12 regional Fed banks to "establish an Office of Minority and...