When unemployment dropped below 5% three years ago, some economists, including at the Federal Reserve, concluded that the labor market had topped out—that those still out of work would never get jobs. Three years and nearly eight million additional jobs later, it’s clear they were wrong.
Cyber risks to financial stability have received significant attention from policy makers. These risks are worsened by the increasing diversity of perpetrators—including state and non-state actors, cyber terrorists, and “hacktivists”—who are not necessarily motivated by financial gain.
For decades, the voices of dissident Chinese, like human rights lawyer and activist Teng Biao, were occasionally heard and never listened to by the larger world. Some, like Wei Jingsheng, author of the famous “Fifth Modernization” essay during the Democracy Wall movement in 1978, or Wang Dan, student leader of the 1989 Tiananmen Square democracy protests, became minor celebrities in the world of human rights and democracy promotion. Yet even the most prominent among them failed to change in any material way the world’s policies towards China.
The New York Times reported on June 15 that “the United States is stepping up digital incursions into Russia’s electric power grid in a warning to President Vladimir V. Putin.” In particular, the Times reported that the United States has deployed code “inside Russia’s grid and other targets”—that is, “potentially crippling malware inside the Russian system, ... intended partly as a warning, and partly to be poised to conduct cyberstrikes if a major conflict broke out between Washington and Moscow.” The article also noted that this step would represent a major escalation in the ongoing cyber conflict between Moscow and the United States.
And you thought the Fed was just about monetary policy. The Federal Reserve Bank of San Francisco wants banks to get extra credit for making loans that help communities adapt to climate change and prepare for future natural disasters.
Hoover Institution fellow Jonathan Rodden argues that ever since President Franklin Roosevelt’s New Deal of the 1930s, the Democratic Party has evolved to become an almost exclusively urban party. Rodden’s analysis—which included a geo-spatial, statistical deep dive into election and Census data from the 19th century to the present—appears in his new book, Why Cities Lose: The Deep Roots of the Urban-Rural Political Divide.
With the US-China trade war turning into what looks to be a grave and possibly permanent collapse in relations between the two super powers, institutional investors will reap their biggest gains from dislocation, according to Stephen Kotkin, professor of history and international affairs at Princeton.
Former national security adviser retired Lt. Gen. H.R. McMaster is warning against “wishful thinking” in dealing with Iran and arguing that the experience of the nuclear deal revealed that making concessions to Tehran only emboldens Iran to intensify its proxy war in the region.
Victor Davis Hanson was on with Chatsworth Osborne Jr. last night on the Fox News Channel. And I want to play these two bites. Victor Davis Hanson lives in California as a farmer. He lives and works, he lives on a farm not far from Fresno. And he knows the circumstances of life away from the coast. But he also works at the Hoover Institute, which is a Never Trumper conservative think tank at Stanford in Palo Alto, and he goes there occasionally.
Confident that he is the strongest Democratic candidate to square off with President Donald Trump in 2020, Sen. Bernie Sanders, I-Vt., took his message for fundamental change in the economy and politics to Fox News on Sunday.
That’s not exactly news – at least not to anyone who has been paying attention to the sorry state of federal finances. Yet to most Americans, the ballooning national debt ($22.3 trillion and counting) isn’t a problem that impacts their daily lives. They won’t directly perceive the cost of another trillion dollars in borrowing in the government’s next fiscal year.
Hitting bigger than its political weight, Greece – attaching itself at the hip to the United States and mulling an expanded American military presence in the country – has found itself taking an increasingly, if unlikely, bigger role in international politics in the region.
With Hill’s departure, the administration loses an experienced Russia hand widely respected by regional experts and policymakers on both sides of the aisle, a rarity in Trump’s hyperpoliticized Washington. Her appointment as the senior director for European and Russian affairs two months into the Trump administration was welcomed by longtime Russia watchers at a time when the president’s relationship with Moscow was under investigation and U.S.-Russia relations were at their lowest ebb since the Cold War.