The recent decision by America's Business Roundtable to abandon its support for shareholder primacy was a long time coming, and reflects a broader shift toward socially conscious investment. Now that the multi-stakeholder model is receiving the attention it deserves, it will be incumbent on governments to create space for it to succeed.
Historian Andrew Roberts talks about the life of Winston Churchill and the art of biography with EconTalk host Russ Roberts. How did Churchill deal with the mistakes he inevitably made in a long career? Was he prescient or just the right man in the right place at the right time? Was he an alcoholic?
Many are the hissing heads of the polycephalic Donald Trump—at least according to the progressive Left and the NeverTrump Right, who see the president of the United States as some sort of mythical nightmare. Here are a few of his supposedly monstrous manifestations.
Issue 100-year Treasurys, advocates the Wall Street Journal. It mentions a short note deep on the Treasury website that Treasury’s Office of Debt Management is conducting broad outreach to refresh its understanding of market appetite for a potential Treasury ultra-long bond (50- or 100-year bonds).
Larry Summers has an interesting tweet stream (HT Marginal Revolution) on the state of monetary policy. Much I agree with and find insightful: Can central banking as we know it be the primary tool of macroeconomic stabilization in the industrial world over the next decade?
In a week in which President Trump sent mixed messages on tax cuts, Joe Biden struggled with events of 50 years ago (note to his handlers: don’t let him near the fact-challenged Tarantino movie) and China escalated trade tensions, here are three summer plot lines that intrigue – and ultimately may fizzle.
On August 10, 1932, General José Sanjurjo, commander of Spain’s army and former commander of its Civil Guard, declared rebellion against Prime Minister Manuel Azaña’s government. The General treated the Prime Minister as a Leftist enemy, and the Prime Minister treated the General as a monarchist enemy. Both were correct. Both were trying to use the government to harm their least favorite causes and people. The rebellion failed. The General was condemned to death, but only exiled. The level of mutual hate was yet insufficient for civil war. That changed.
by Thomas Schwartz, John Yoovia Chinese Journal of International Law
Thursday, August 22, 2019
This Article analyzes whether the 1951 San Francisco Peace Treaty, the only multilateral international agreement that draws borders in East Asia, resolves the longstanding dispute over Dokdo between Korea and Japan. It uses the dispute to draw larger lessons about the nature of the treaty that ended World War II in the Pacific and how it structured the peace in Asia differently from that in Europe. It uses U.S. archival material to reconstruct the history of the making of the Treaty, which continues to be the most significant international legal instrument governing post-WWII Asia.
On August 25, 2019, Macau’s Election Committee, the territory’s 400 official voters, almost unanimously (392 or 98%) elected Ho Iat-seng, former president of Macau’s Legislative Assembly, as Chief Executive. Ho was the only candidate.
David Koch, who died today at age 79, was a generous human being. His generosity ranged from contributions to libertarian projects relatively early in his life to contributions to art and medical research late in his life.
I think I understand one side of Bernie Sanders. I returned a few minutes ago from shopping at the Lucky Supermarket in Pacific Grove, California. On the shopping list was a particular kind of cheese my wife wanted: Sargento Sharp Cheddar in slices.
Dr. Rice provides a thoughtful diplomatic analysis of the last 40 years and details the design for a more peaceful and prosperous world. She draws upon her experience and explains the risk, uncertainty and drama of how states were divided and societies were transformed.
Eight accomplished former student-athletes will be enshrined into the 2019 Stanford Athletics Hall of Fame Class, the athletics department announced on Monday. Former U.S. Secretary of State and long-time Cardinal fan, George Shultz will also be honored with a special recognition.
Rajan, who was Governor of the Reserve Bank of India from 2013 to 2016 but was denied a second term, also called for a fresh look at the way GDP in India is calculated as he referred to research by Narendra Modi government’s former chief economist Arvind Subramanian about overestimation of growth rate.
In December 2011, I spoke to Professor Epstein about his book, Design for Liberty: Private Property, Public Administration, and the Rule of Law. I also asked him about the development of eminent domain policies in the wake of the Supreme Court’s infamous Kelo decision of 2005.
New on the Bound By Oath podcast: Why oh why did the Supreme Court decline to incorporate the Fourteenth Amendment against the states? That and more from Professors Michael McConnell of Stanford Law and Gerard Magliocca of the Indiana University Robert H. McKinney School of Law.
If you’ve been involved within the liberty movement for any considerable amount of time, you have no doubt been accused at some point of not being a real libertarian. Real libertarians are simultaneously common and rare within the movement. They are common enough in that they are always available to point out “fake” libertarians, but are also so rare that few (if any) have made it long without being dropped from the list of real libertarians.
Central bankers of the world unite to meet at Jackson Hole, in Wyoming, for their annual shindig today. Jackson Hole has gone from being a bit of a talking shop, to being yet another place where investors wait with bated breath to see what policies the likes of the Federal Reserve and the European Central Bank will dream up next.
What gives white privilege a patina of empirical credibility are its statistical comparisons between blacks and whites. However, these statistics are often decontextualized, omitting base rates and key group comparators. As Thomas Sowell points out, “The mere omission of one crucial fact can turn accurate statistics into traps that lead to conclusions that would be demonstrably false if the full facts were known.” Take mortgage approval rates, for example.