When, last week, the Treasury issued its currency manipulation report, I thought it was a joke. Treasury put Germany and Italy on its "monitoring list" of countries suspected of "currency manipulation."
Hoover Institution fellow George Shultz talks about the future and notes that you can learn about the future—or at least relate to it—by studying the past and identifying principles that have continuing application to our lives and our world.
I was watching Fox News earlier today, when the conversation turned to the Democratic field (despite the appeals to keep politics out of a day devoted to sacrifice and bravery in Normandy, the 2020 election simply would not go away).
Torsten Slok at DB updates this lovely graph on occasion. Here's what it means. Fed fund futures are essentially bets on where the Federal funds rate will be at various points in the future. Thus, you can read from the dashed lines the market's guess about where the federal funds rate will go -- assuming that the bets are priced to have an even chance of winning or losing.
Elad Gil argues that judges too frequently rely on the executive’s special competence in foreign affairs to apply a de facto presumption of near-total deference, which he terms “totemic functionalism.” He traces the conceptual underpinnings of totemic functionalism and, using three case studies, shows how it undermines the American system of checks and balances, first between the organs of government and then, indirectly, inside the executive branch.
America has declared war on China and Mexico, but it is a new style of warfare. Or at least it seems so. With the latest volley of levied and threatened tariffs on Chinese and Mexican exports, POTUS has thrust the U.S. into a new phase of economic warfare against both competitors and friends.
Hauck Auditorium, Hoover Institution, Stanford University
Women of the Gulagis based on Paul Gregory’s Hoover Press book of the same name. Directed by Russian American film maker Marianna Yarovskaya, the film tells the compelling and tragic stories of five remarkable women—among the last survivors of the Gulag, the brutal system of repression that devastated the Soviet population during the Stalin years.
“Russia as we know it today is determined to disintegrate the European Union,” said Timothy Garton Ash, professor of European Studies at Oxford University on the first day of the GLOBSEC 2019 conference held in Bratislava between June 6-8. The reason for this is the trauma resulting from the break up of the Soviet Union during the years 1989-1991.
The United States and Mexico are squaring off in a tense showdown entirely of President Trump’s making. Following a tweeted announcement from the president, the Trump administration is readying a 5 percent tariff on $350 billion worth of Mexican goods imported into the United States. Trump threatened the punitive measure as a result of Mexico’s supposed inability to thwart flows of migrants making their way north. U.S. and Mexican officials met in Washington this week to hash out a deal that would dispel the possibility of a new trade war. At the time of writing, there was cautious optimism that the impasse could be breached.
Politicians love to flaunt economic growth. A healthy gross domestic product (GDP) means an economy is doing well, which means the country is doing well, which means its citizens are doing well. It's all thanks to sagacious policy crafted by our savvy political leaders.
Two inter-related issues — highlighted in two feedbacks I have received over the past six months — should be addressed as a matter of priority and urgency. The first one is do with what one mobile money transfer platform has given rise to or morphed into — a replica or clone of the Old Mutual-implied interbank rate.
The sharp deceleration in growth over the past year, culminating in a jaw-dropping 5.8% year-on-year (y-o-y) in the March quarter, is enough evidence the economy is stalling. Although there is a clamour for a policy rate cut, high interest rates are not the main cause for poor growth though there is doubt that a smaller interest bill does make a big difference to small businesses.
Florida government leaders didn’t hesitate to send out alerts and announcements last September, after Education Week issued its 2018 “Quality Counts” report that rated the state fourth nationally for student achievement.
Thirty years after the massacre of Tiananmen Square, the Chinese Communist Party (CCP) is at its weakest state, despite appearances it is stronger than ever, according to Claremont McKenna professor Minxin Pei.