The United States is at a crossroads with an increasingly aggressive China, which could define America’s security and the international order for decades to come, Hoover scholar Victor Davis Hanson says.
Proposition 13, which has defined the rules for California property taxation for forty years, will likely change for businesses, and perhaps as soon as 2021. A ballot measure will appear on California’s November 2020 ballot that would fundamentally change property taxes on non-agricultural businesses with more than fifty employees.
As presidents go, Donald Trump is unlikely to be remembered for his principles. But he has one. In “Fear: Trump in the White House,” Bob Woodward describes how the president wrote “Trade is bad” in the margins of a draft speech. When his economic adviser Gary Cohn asked why he believed this, Trump replied: “I just do. I’ve had these views for 30 years.”
Robert Mueller III played lacrosse and majored in government at Princeton. He graduated in 1966 and soon thereafter volunteered for and was accepted into the Marine Corps. He won a Bronze Star for heroism in the Vietnam War and later attended law school at the University of Virginia. He has since spent nearly a half century in either private legal practice or law enforcement, including 12 years as director of the FBI. Mueller epitomizes the old WASP establishment.
The celebratory messages reportedly circulated within Russian government circles following Donald Trump’s victory in the 2016 election are oft-cited as proof of Russian collusion. This mood reportedly was shared by the Russian people, who had been told that Trump had no chance against the corrupt American establishment. Russia’s jubilation is consistent with ex-British spy Christopher Steele’s dossier claim that Russian President Vladimir Putin wanted Trump to win.
There are lots of ways to adjudicate the present political divide over the collusion hoax. One method might be to see whether those targeted by Robert Mueller had ever begun accusing each other of “collusion” to save their own skins. That did not happen.
A variety of promising technologies that might be considered “carbon backstops” are now emerging. Such technologies would be impactful in reducing greenhouse gas emissions, scalable, and available for rapid deployment—but too expensive to justify broad deployment today.
Markets do not have the best of past records in pricing in major systemic risks to the global economy that later materialized and that then caused substantial market declines. Judging by how sanguine markets currently seem to be about the unusual constellation of major risks facing the world economy, we could very well be on the cusp of another episode on which we will look back and ask ourselves what were the markets thinking.
For those who believe a U.S. war with Iran would be disastrous for regional stability, U.S. national interests, and the civilians who would be caught in the crossfire—and for those who believe any decision on bringing the country into war must require public debate and congressional approval—this is a worrying moment.
Rising tariffs, heated rhetoric, and moves by the U.S. against Chinese telecom equipment maker Huawei Technologies have deepened a trade impasse between the world’s two largest economies. But relatively sanguine markets could pose another challenge to getting a deal done soon.