Suppose an entrepreneur came up with a plan for a financial institution that is completely safe -- it can never fail, it can never suffer a run, it offers depositors perfect safety with no need for deposit insurance, asset risk regulation, capital requirements, or the rest, and it pays depositors more interest than they can get elsewhere.
The 21st century is in danger of becoming an era of statue smashing and historical erasure. Not since the iconoclasts of the Byzantine Empire or the epidemic of statue destruction during the French Revolution has the world seen anything like the current war on the past.
The trade war between the United States and China has not given either side much to cheer about. As of January, Washington has levied 10 percent tariffs on $250 billion in Chinese goods, and China has reciprocated with similar tariffs on $110 billion in U.S. goods.
As Trump enters his third year of office, some Republican NeverTrumpers have gotten control of the symptoms of Trumpophobia, and have settled for the occasional snarky asides to maintain their anti-Trump bona fides while they write about serious issues rather than Trump’s alleged crypto-fascist assault on “democratic norms.”
At conferences and online, there have been conversations of late about what it means any more to be an “education reformer.” Let me take a stab at it, circa early 2019, and encourage other advocates to respond.
The new study from the Harvard Center for Education Policy Research was clearly a herculean effort, with data collection across six states, surveys of thousands of teachers, and the participation of some of the nation’s leading researchers.
Professor Raghuram Rajan, Booth School professor and former governor of the Reserve Bank of India, weighed in on Wednesday. He characterized “the extreme nature of the race for academic qualifications” in college applications as “increasingly a rich person’s race.”
Why did Speaker Nancy Pelosi crush the hopes of Democratic voters by vehemently opposing impeachment? After all, notes Jonathan Turley at The Hill, “Democrats held out the prospect of impeaching President Trump as a top reason for giving them back control of the House.”
Imagine that you are the finance minister of a small, developing country that has just discovered an ore belt rich in cobalt, a metal that has more than doubled in price over the last five years. You, a capable technocrat, are familiar with Dutch disease.