Is it true that the wages for those in the middle class have been stagnant since the 1970s? Watch the 1st video in the new animated series The Numbers Game, in which Hoover Research Fellow Russ Roberts discusses the challenges of accurately measuring and understanding the economy and economic policy.
Last week marks the 63rd anniversary of the signing of the Mutual Defense Treaty between the United States of America and the Republic of China. The historic mutual defense treaty, signed on December 2, 1954 in Washington, provided an ironclad guarantee to keep Taiwan from being invaded by the People’s Republic of China between 1955 and 1979. Since President Jimmy Carter unilaterally terminated the vital treaty on January 1, 1979, Taiwan has been subjected to constant threats of invasion by the communist government in Beijing, as the subsequent Taiwan Relations Act does not guarantee direct military assistance to Taiwan if China invades the island democracy.
I wrote Monday morning about costs within the Justice Department when its leaders stay silent in the face of the President’s caustic attacks on the department’s independence and integrity. I mentioned in particular the silence of Attorney General Jeff Sessions, Deputy Attorney General Rod Rosenstein, and FBI Director Christopher Wray.
On Wednesday, North Korea launched what was believed to be an intercontinental ballistic missile that traveled 1,000 kilometers before landing in the Sea of Japan. It was the 23rd missile launched in 16 tests since February, according to CNN.
Last week, I hosted the new Russian Ambassador to the United States, Anatoly Antonov, at the Freeman Spogli Institute for International Studies (FSI) at Stanford University. The previous year, I had hosted his predecessor, Sergey Kislyak, for a private discussion and public talk at Stanford as well. This time, however, the public reaction to my acknowledging this normal activity of our institute and our university generated all sorts of negative and suspicious commentary.
Former U.S. ambassador to Russia Michael McFaul said Tuesday that Russian President Vladimir Putin was to blame for the "tragic" ban of the nation's athletes from participating in the 2018 Winter Olympics.