We bid adieu to the four-year era of subdivided government – at least until the Democrats reclaim the U.S. Senate in 2016 and once again grind gears with a Republican House. Like many a political swan song, subdivided government’s grand farewell was tainted by grandstanding.
Today's Torsten Slok chart. In yesterday's chart, we saw that the market forward curve keeps forecasting a recovery that never comes. Here, we see the same pattern, over much longer time period, in the survey of professional forecasters. They're always forecasting that interest rates will rise.
In Moscow 18 months ago, I made some short videos for Postnauka, a Russian science and social-science video magazine. One of the videos I made was about the security dimension of the Soviet economy. Under the heading of "security" I had in mind both external (mainly military) security and internal political security.
The term “unconventional threat” has often been an imprecise classification tool and has led to a focus on tactics at the expense of strategy in the U.S. struggle against transnational terrorists groups like Al Qaeda. Combating transnational terrorism requires properly evaluating the threat terrorism poses, a deep understanding of geopolitical context surrounding a transnational terrorist group, and a willingness to be flexible in the tools used to mitigate risk, including focusing on improving countermeasures in the homeland.
President Obama announced executive action about how the U.S. would enforce immigration law on November 20, 2014. We asked a panel of 39 immigration policy experts to review the long-term impacts.
When the U.S. minimum wage law was put into effect in 1938, northeastern labor unions gained from it by pricing out their competition. Unions in the textile industry were seeing textile firms move from New England states to southern lower-wage states and wanted to hobble the competition.
I want to begin my review of the SSCI interrogation report and the responses from the CIA and the SSCI minority by addressing the area in which, in my view, the majority report is strongest: the allegation that the treatment of detainees was far more abusive, far less controlled, and far more brutal than the CIA has acknowledged.
