[Subscription Required] President Donald Trump insists that China has been ripping off America for decades, but even if the two countries manage to negotiate—and honor—new terms for trade, basic reciprocity will still be sorely lacking elsewhere in the relationship and will continue to create tensions.
Last week, a federal judge in Texas struck down the Affordable Care Act (ACA) in a lawsuit filed by a group of Republican governors and state attorneys general. In the ruling, Judge Reed O’Connor of the Federal District Court in Fort Worth said that the mandate requiring people to buy health insurance is unconstitutional and so the rest of the law cannot stand without it. In the Q&A that follows, Professor Michael McConnell discusses the ruling and what may be next for the ACA.
The near-destruction of ISIS in a matter of months (losing 99 percent of its landed caliphate), the restoration of sound defense budgeting, a reestablished sense of deterrence, and stable recalibration with allies were the signature achievements of James Mattis. And it seems a mistake not to have him finish a four-year stint at Defense.
by Amit Seru via Stanford Institute for Economic Policy Research (SIEPR)
Thursday, December 20, 2018
When we think about mortgages, what often comes to mind is a traditional bank or savings institution. The corner banker is seen as the mortgage lender and people get home loans at the same place where they may hold checking or savings accounts. But such a view does not reflect the real nature of the U.S. mortgage market.
In the second half of 2018, the most compelling political battle in Washington, D.C., didn’t play out in the White House or Capitol Hill. Instead, the real action was uptown at the National Zoo, where the naked mole-rat colony was in the process of choosing its queen. Why is it good to be the queen, you might ask?
In the cybersecurity field, the term “active defense” is often used in a variety of ways, referring to any activity undertaken outside the legitimate span of control of an organization being attacked; any non-cooperative, harmful or damaging activity undertaken outside such scope; or any proactive step taken inside or outside that span of control.
Vladimir Putin won’t find many great presents under the Christmas tree this year.
Orthodox Christian religious leaders worldwide are weakening an important institution that gave him outsize power and legitimacy.
One of the greatest temptations for recent American presidents has been the insidious thought that the balance of power in the Middle East is of diminishing strategic importance to the United States. This would appear to be the logic behind Donald Trump’s order to withdraw U.S. ground forces from Syria. Like Barack Obama before him, the president looks through the smaller, counterterrorism lens—fighting the Islamic State was his “only reason for being there”—rather than the regional (or global) balance-of-power lens.
In hindsight, within each sector affected by the crisis, we can find moral hazard, cognitive failures, and policy failures. Moral hazard (in insurance company terminology) arises when individuals and firms face incentives to profit from taking risks without having to bear responsibility in the event of losses.
Women of the Gulag, a new film documentary based on Hoover Institution scholar Paul Gregory’s book by that name, is among the ten films on the Oscar awards’ short list for “documentary (short subject).” The film is directed by Russian-American film maker Marianna Yarovskaya of Mayfilms and produced by her and Gregory, interviewed below.
President Donald Trump’s decision to withdraw all U.S. troops from Syria can’t be taken at face value. His impulsive, unpredictable and uninformed style of operation always leaves the possibility that whatever he promises today will be discarded tomorrow. But if he actually follows through, it would be a net plus.
Giving government incentives to bring in or increase jobs may seem good on the surface, but an economist with the Sandlian Center for Entrepreneurial Government at the Kansas Policy Institute expresses doubt about its overall effectiveness in growing the economy.
The White House and Congress as well as military and intelligence officials have voiced increasing concerns over the extent of Chinese espionage on U.S. government agencies, private companies and universities.