On April 25, two days after President Obama announced that a U.S. drone strike accidentally killed two innocent hostages, the New York Times published a story about congressional and White House support for the CIA’s “targeted killing program.” Yesterday I discussed these issues with Dean Baquet, the Executive Editor of the Times.
The world’s two largest economies, the United States and China, seem to be enduring secular slowdowns. But there remains considerable uncertainty about their growth trajectory, with significant implications for asset prices, risk, and economic policy.
Why would Republicans skeptical of the Iran deal want to remove (or prevent creation of) obstacles to the President’s implementation of the deal? Probably because they know that, whether the Review bill passes or not, Congress ultimately cannot stop the President from implementing the deal.
An increasingly frequent and worrisome phenomenon that unnecessarily threatens human health and the natural environment is “regrettable substitutions,” which refers to bans or limitations on certain products, even though the alternatives might pose risks that are uncertain or greater. It calls to mind the old saying “out of the frying pan and into the fire.”
Hoover fellow Carson Bruno discusses his Real Clear Markets piece, “The 'California Comeback' Masks a More Bleak Reality,” Bruno notes that breaking down the data beyond aggregate numbers highlights the necessity of paying attention to warning signs. The Bay Area/Silicon Valley region is doing well, but when the region's success conceals the economic misfortune of others and policymakers make decisions based on those masked statistics, the region's success can beget its demise and leave California without a back-up plan if something were to cripple the region - either economically or geographically.