The public pension nightmare for California will only worsen unless serious reforms are adopted, a Hoover scholar says. Joshua Rauh, a senior fellow at the Hoover Institution and a professor of finance at the Stanford Graduate School of Business, suggests that governments in California need to either offer more modest pension benefits—and fund those much more conservatively—or start putting public employees into defined contribution plans.
Hauck Auditorium, Hoover Institution, Stanford University
The leading technology and Internet-based companies are dominant forces in the economic and cultural development of the era. They also have a vital role to play in cybersecurity and national security. This Symposium will bring together a range of people at the vital center of developing rules and parameters on these issues to debate and discuss how we might succeed in this area.
In a piece just up for the Wall Street Journal (paywalled), I argue that President Trump’s pivot to Asia is shaping up to be more substantive and potentially transformative than the one the Obama Administration regularly touted.
As he settles in to his new surroundings as California’s fortieth governor, Gavin Newsom will find it hard to escape Ronald Reagan, the last man to serve as both governor of California and president of the United States.
My former colleague at the Naval Postgraduate School Jonathan Lipow posted something on Facebook that I think deserves wider readership. We don’t see eye to eye on everything and we don’t even see eye to eye on what’s in his Facebook post. But he says it well and makes some valid points.
Hoover Institution fellow Ed Lazear notes that Federal Reserve Chairman Jerome Powell should be paying close attention to the stock market for clues on whether signs of an economic slowdown warrant a pause in central bank interest rate hikes.
As the stock market racked up its worst year in a decade, President Donald Trump wasted no time in lashing out at the Federal Reserve. By raising interest rates, he complained, the Fed was “going crazy.” He called it the “only threat” to economic growth and said he was “not even a little bit happy” with his selection of Jerome Powell as Fed chair.
On Tuesday, Hoover Institution scholars addressed China’s recent tightening of policy surrounding Taiwan and considered what the United States’ role should be in maintaining the three-way political balance.
This is the year that U.S. cyber war policy goes on the offensive to protect critical civilian infrastructure against significant threats from Russia, China and other state-backed hacker units, the Trump administration pledges.
In a Friday night news dump, the New York Times revealed the FBI’s surprisingly flimsy justification for launching a retaliatory investigation into President Donald Trump, their chief adversary during their recent troubled era.
A former Justice Department lawyer told Fox News on Monday that Congress and courts should not be allowed to overcome executive privilege after calls this weekend by high-ranking Democrats to subpoena notes or testimony from the interpreter who was at several meetings between President Trump and Russia’s Vladimir Putin.