Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Case for ratifying Nuclear Test Ban

by William J. Perry with George P. Shultzvia Politico
Tuesday, June 2, 2009

On June 10, 1963, in a commencement address at American University, President John F. Kennedy announced the launch of high-level talks in Moscow with the aim of reaching early agreement on a treaty first proposed by President Eisenhower to ban all nuclear explosions for all time...

Analysis and Commentary

Europe’s Advantage

by Melvyn B. Kraussvia New York Times
Tuesday, June 2, 2009

California — the state in which I reside — has many advantages...

Analysis and Commentary

The trillion dollar question: China or America?

by Niall Fergusonvia Telegraph (UK)
Monday, June 1, 2009

Two years ago, economist Moritz Schularick and I coined the word "Chimerica" to describe what we saw as the key relationship in the then-booming global economy: China plus America...

Analysis and Commentary

Science and Technology Are Essential to Economic Recovery

by Henry I. Millervia Genetic Engineering and Biotechnology News (NY)
Monday, June 1, 2009

In his weekly message on March 7, President Obama tried to reassure a nation jittery about the economy: “With every test, each generation has found the capacity to not only endure, but to prosper­to discover great opportunity in the midst of great crisis.”...

Analysis and Commentary

A history lesson for economists in thrall to Keynes

by Niall Fergusonvia Financial Times
Saturday, May 30, 2009

On Wednesday last week, yields on 10-year US Treasuries - generally seen as the benchmark for long-term interest rates - rose above 3.73 per cent...

In the News
In the News

Governor: 'Our wallet is empty'

with Bill Whalenvia Sacramento Bee
Wednesday, June 3, 2009

Gov. Arnold Schwarzenegger dusted off his first-term playbook Tuesday in a rare legislative budget address...

In the News

Systemic trouble

with Thomas Sowellvia Pittsburgh Tribune-Review
Wednesday, June 3, 2009

Every day, some businesses fail...

In the News

Lionel Barber’s pick of the week

with John B. Taylorvia Financial Times
Tuesday, June 2, 2009

Introduction: General Motors moves inexorably toward bankruptcy; North Korea explodes a nuclear device; Microsoft and Google go head-to-head on search; oil prices continue to rise on the back of a grudging economic recovery; and more British MPs, embarrassed by their expenses, signal they will stand down after the next election...

In the News

Not so risky

by Russell Robertsvia Cafe Hayek
Tuesday, June 2, 2009

From the New York Times: President Obama will push General Motors into bankruptcy protection on Monday, making a risky bet that by temporarily nationalizing the onetime icon of American capitalism, he can save at least a diminished automaker that is competitive...

In the News

Declaring Educational Bankruptcy

by Chester E. Finn Jr.via Corner (National Review Online)
Tuesday, June 2, 2009

Turning around bad schools is harder than turning around Chrysler, GM, or AIG — but our fearless new federal administration seems bent on doing this, too...

In the News

Obama will speak to the Muslim world

with Abbas Milanivia ABC 7 News (CA)
Tuesday, June 2, 2009

President Barack Obama is on his way to Egypt to deliver a much anticipated speech to the Muslim world...

In the News

Experts sober on nuclear risks

with George P. Shultz, William J. Perryvia MinnPost (MN)
Tuesday, June 2, 2009

It will be 64 years, in August, since that sunny morning when the Enola Gay dropped a small and crude atomic device, the "Little Boy," on Hiroshima...

In the News

Professor Niall Ferguson explains why he thinks Gordon Brown is incapable of effectively pulling the UK out of recession

with Niall Fergusonvia Sky News (UK)
Tuesday, June 2, 2009

Professor Niall Ferguson explains why he thinks Gordon Brown is incapable of effectively pulling the UK out of recession...

In the News

'Recovery Unlikely Until Banks Restore Ability'

with Thomas J. Sargentvia Korea Times
Tuesday, June 2, 2009

A noted economist has claimed the global economy will not see a meaningful recovery until banks' ability to lend to companies and individuals is fully restored, indicating that there might be a "double dip" downturn down the road...

In the News

Morning Skim: What Did He Say Now?

with Niall Fergusonvia New York Times
Tuesday, June 2, 2009

Telegraph: Niall Ferguson on the economic rise of China: It may be time to start believing the projections made by Jim O’Neill and his colleagues at Goldman Sachs, who predicted just a few years ago that China’s gross domestic product could equal that of the United States by 2027...

In the News

Moe, Larry, and Curly?

by Russell Robertsvia Cafe Hayek
Tuesday, June 2, 2009

The New York Times reports under this photo: Representative Barney Frank, and Senators Charles E. Schumer and Christopher J. Dodd would play critical roles guiding the administration’s financial overhaul through Congress...

In the News

Chicago Law Banning Handguns in City Upheld by Court

with Richard A. Epsteinvia Bloomberg
Tuesday, June 2, 2009

A Chicago ordinance banning handguns and automatic weapons within city limits was upheld by a U.S. Court of Appeals panel, which rejected a challenge by the National Rifle Association...