What factors usually reelect or throw out incumbent presidents? The economy counts most. Recessions, or at least chronic economic pessimism, sink incumbents. Presidents Jimmy Carter and George H.W. Bush were tagged with sluggish growth, high unemployment and a sense of perceived stagnation — and were easily defeated.
In this animation from a “Friedman Fundamentals” video series by PolicyEd and the Hoover Institution, Milton Friedman demonstrates how the great achievements from civilization have come from individuals pursuing their separate interests, not government.
Here’s another way to look at the complicated question of California’s commitment to public education in these flush economic times, with some compelling illustration of the state’s finances. And an unsettling conclusion: more and more tax increases will be the Golden State’s fate unless lawmakers get serious about reforming two large portions of California’s budget—K–12 schools and Medi-Cal, which account for more than one-half of California’s General Fund spending.
Student outcomes rose significantly for the lowest-performing students and students of color from the late-1990s until the Great Recession—especially in reading and math, but in other academic subjects, too. There’s also been big recent improvement in the high school graduation rate for these groups.
Today’s corporate CEO is a politician as much as business leader, and for proof look no further than the statement Monday from the Business Roundtable ostentatiously redefining its mission to serve “stakeholders” in addition to the shareholders who own the company. A close reading shows there’s less substance here than meets the media spin, but it’s still notable that the CEOs for America’s biggest companies feel the need to distance themselves from their owners.
“Rarely have we seen an entire primary field of candidates scrambling to renounce all their past identities and agendas — and to do so unapologetically, abruptly and vehemently,” National Review’s Victor Davis Hanson writes of the 2020 Democratic presidential hopefuls. Apparently, all of the candidates believe that the way to the top is to take back everything they once said they believed in when it comes to issues like immigration and law and order.
The Trump administration ended nuclear arms control as we know it on Aug. 2, just a few days before the anniversaries of the Hiroshima and Nagasaki bombings. The Intermediate Nuclear Forces Treaty between the United States and the former Soviet Union, the withdrawal from which the United States first signaled last fall, was developed during the Reagan administration and signed by President Reagan in December 1987. It banned the deployment of ground-launched conventional and nuclear ballistic and cruise missiles with ranges of 500 to 5,500 kilometers (310 to 3,400 miles).
The number of political and economic germs that are flitting around the world has increased and there are mounting fears that these are becoming resistant to the fiscal and monetary pills, powders and injections. The recession word is popping up with increasing frequency. Global trade is in the doldrums, industrial production is hit hard, debts have reached record highs and growth is slowing in most places.
Eight months after first raising the idea, President Trump on Wednesday said his administration is again “very seriously” looking into ending the practice of conferring U.S. citizenship on anyone born in the United States.
NEW DELHI -- The Indian government's plans for its first foreign-currency bonds appear to have run aground in the face of criticism from economists and a lack of clarity about how much borrowing will take place.