Hoover Daily Report
Featured
Featured

The Economic Blowback If California’s Independent Contractors Are Eliminated

by Lee Ohanianvia California on Your Mind
Tuesday, September 17, 2019

Last week, the California Senate passed a new bill that will cause somewhere between one million to two million workers, perhaps even more, to lose their status as independent contractors. If California governor Gavin Newsom signs the bill, an independent contractor will have to satisfy the following legally binding criteria:

1. Be free from the “control and direction” of their employer
2. Be performing work that is “outside the course” of the company’s usual business
3. Have their own independently established trade, occupation, or business

Featured

The Ascent Of Digital Money

by Niall Fergusonvia The Boston Globe
Monday, September 16, 2019

“How would you like to pay for that, sir?” For most of my lifetime, there have been three possible answers to that question: cash, a check, or a plastic card. Go to Beijing, however, and you will see very few payments in those forms. People pay with their phones, using digital payment systems created by the two biggest Chinese tech companies, Alibaba and Tencent.

Featured

California Knifes The Gig Economy

by Richard A. Epsteinvia Defining Ideas
Tuesday, September 17, 2019

Wrecking the gig economy.

Featured

The Extraordinary Rise In Trade Policy Uncertainty

by Scott R. Baker, Nicholas Bloom, Steven J. Davisvia VoxEu.org (Centre for Economic Policy Research)
Tuesday, September 17, 2019

Tariff hikes, tariff threats, and tariff retaliations have become a major source of economic uncertainty, stock market volatility and concerns about the global outlook (e.g. Blanchard 2019, Crowley 2019, Evenett and Fritz 2019, Fajgelbaum et al. 2019, Jacks and Novy 2019). This column draws on three initiatives that aim to quantify the rise in trade policy uncertainty and its role in stock market volatility. 

Analysis and Commentary
Analysis and Commentary

The Unbalanced

by Charles Hillvia The Caravan
Tuesday, September 17, 2019

Balance is one of the innate concepts of the human condition, vital but never entirely attainable. Aristotle concludes his Politics with the imperative in every society of seeking a balance between the male “Dorian” and female “Phrygian” modes – not necessarily gendered but a human necessity all the same. Balance in baseball is a goal; the American League’s long streak of victories over the National League in the All-Star Games is concerning to the keepers of the sport. And, most obviously, the balance-of-power doctrine in matters of war and diplomacy are as old as these arts themselves.

Analysis and Commentary

CNN: Everything But The News

by Victor Davis Hansonvia National Review
Tuesday, September 17, 2019

Trump derangement, all the time: lies, smears, threats, and profanity. Viewers are noticing — and leaving.

Analysis and Commentary

The Libertarian: The Beauty Of Roman Law

interview with Richard A. Epsteinvia The Libertarian
Tuesday, September 17, 2019

Ancient Rome created a body of law more sophisticated than anything the world had ever seen — and it’s still relevant today.

Analysis and Commentary

Iran’s Attack On Saudi Arabia Reveals Our Foreign Policy Muddle

by Bruce Thorntonvia Front Page Magazine
Tuesday, September 17, 2019

We're stuck in fossilized paradigms while our enemies grow stronger.

Analysis and Commentary

On the Eightieth Birthday Of WWII

by Williamson Murrayvia Military History in the News
Monday, September 16, 2019

Eighty years ago this month the most catastrophic war in history broke out. On September 1, 1939, Nazi Germany invaded her neighbor, Poland. From before dawn German shells and bombs fell across the breadth and width of the country. Despite the obvious buildup of military forces on the other side of the frontier, the Poles had not fully mobilized because British and French statesmen worried that such a mobilization might encourage Hitler to go to war—as if he needed any encouragement. In every sense, the German invasion of Poland proved to be a disaster for Poland, a disaster exacerbated by the willful policies of appeasement that the British Prime Minister Neville Chamberlain had fostered over the previous two and a half years.

Analysis and Commentary

Some Basic Arithmetic On Carbon Dioxide Emissions

by David R. Hendersonvia EconLog
Monday, September 16, 2019

A number of people in the United States argue for increasing the number of electric vehicles as a percent of the automobile stock.

Interviews
Interviews

Discussing New Kavanaugh Allegations: John Yoo On Fox News’ ‘The Ingraham Angle’

interview with John Yoovia American Enterprise Institute
Monday, September 16, 2019

Hoover Institution fellow John Yoo talks about the new attacks on Brett Kavanaugh, and what the real agenda is of the attackers.

Interviews

John Yoo: “Court, Heel Thyself!” - The Left’s War Against Judicial Independence

interview with John Yoovia The Heritage Foundation
Monday, September 16, 2019

Hoover Institution fellow John Yoo talks about the meaning and importance of judicial independence and current threats to judicial independence that the late Chief Justice William Rehnquist called one of the “crown jewels” of our system of government.

In the News
In the News

The Battalion Artist: A Navy Seabee’s Sketchbook Of War In The South Pacific, 1943-1945

Tuesday, September 17, 2019
Hoover Institution, Stanford University

The new Hoover Press book, The Battalion Artist: A US Navy Seabee’s Sketchbook of War in the South Pacific, 1943-1945, explores Natale (Nat) Bellantoni’s life on the Pacific front in World War II.

Press Releases
In the News

The West In Disarray

quoting Niall Fergusonvia The Kingston Whig-Standard
Monday, September 16, 2019

The idea of the West is difficult to define. It has known many incarnations over the centuries. In the fourth century CE, it was used to designate the division between the western and eastern Roman empires. In the later Middle Ages, it was used to separate the western and eastern Christian Churches, the Roman Catholic and the Orthodox. In its modern incarnation, it dates back some 600 years.

Hoover senior fellow Thomas Sowell discusses his newest book, Intellectuals and
In the News

Monday Short Cuts

quoting Thomas Sowellvia Patriot Post
Monday, September 16, 2019

Notable quotables from Thomas Sowell, Beto O'Rourke, Kamala Harris, Matt Walsh, and more.

In the News

Racist Exam Questions?

quoting Thomas Sowellvia Index-Journal
Monday, September 16, 2019

The U.S. Department of Justice has recently sued the Baltimore County government alleging that its written test for police officer recruits was unfairly biased against black applicants. It turns out that black applicants failed the written test at a rate much greater than white applicants. That results in fewer blacks being trained and hired as police officers.

In the News

Judicial Confirmations Became Political Because Judges Became Political, Experts Say

quoting John Yoovia The Daily Signal
Monday, September 16, 2019

The confirmation process for Supreme Court justices has deteriorated because the process has become about politics, legal experts say. 

In the News

Draghi Delves Into Policy Toolbox To Bolster Growth

quoting Melvyn B. Kraussvia Financial Times
Thursday, September 12, 2019

[Subscription Required] ECB launches bond-buying, rate cuts and offers protection to eurozone’s fragile banks.