There was a time, in the aftermath of the financial crisis, when central bankers were “the only game in town.” In a book with that title, published in January 2016, economist Mohamed El-Erian warned that, with their exotic crisis-fighting measures —zero interest rates, quantitative easing, forward guidance — the central bankers risked over-reaching.
California senator and presidential candidate Kamala Harris just released her “Medicare for All” plan. Some claim her plan, which retains private insurance, is better than Bernie Sanders’s plan, which eliminates private insurance. But the economics of Harris’s plan shows that private insurance has no significant role in “Medicare for All,” even if it is advertised that way.
While Americans are generally aware of China’s ambitions as a global economic and military superpower, few understand just how deeply and assertively that country has already sought to influence American society.
Former President Jimmy Carter famously said, “Whatever starts in California unfortunately has an inclination to spread.” If that's true, then beware the California Board of Education’s newly drafted “Model Ethnic Studies Curriculum” and hope that it is not coming soon to a school near you.
The Schoolhouse Gate, by University of Chicago law professor Justin Driver, is the first book to provide close descriptions of the Supreme Court’s major cases involving public education across the issues of race, religion, speech, funding, gender, and student discipline.
The Inspector General’s report on the origins of the Russian Collusion story (e.g., the FISA court warrants) was imminent last spring, definitely in June, for sure in July, well past due in August, now unquestionably due in September.
So much for looking to the Fed for salvation. On July 31 at the Federal Reserve's regular post-meeting press briefing, Chairman Powell announced a widely expected 25 basis points cut in the benchmark rate to 2.25%, the first reduction in over a decade.
Mike Pompeo became the first US Secretary of State to visit Micronesia Monday, as Washington’s signalled a renewed interest in its Pacific allies, no matter how small, in the face of regional competition with China.
The California Education Department’s model Ethnic Studies Curriculum plans to teach children capitalism is a “system of power” and “oppression,” equal to “white supremacy,” “patriarchy,” and “racism.”
Bravo to the Los Angeles Time editorial writers for coming down against the one-sided proposal on how to teach California students “ethnic studies.” The Times editorial follows by a few days an op-ed in the Wall Street Journal by Williamson M. Evers, a research fellow at the Hoover Institution at Stanford University, which hit the proposal equally as hard.
The decline of Maine’s manufacturing sector, whose workforce has shrunk by nearly half since the early 1990s, can seem inexorable, the unavoidable consequence of automation and globalization. In some ways, state policymakers can do little to resist these broader trends. Yet there are policies Maine could implement to re-invigorate our manufacturing industry. Perhaps the most important: Right-to-work legislation.