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In the News

Private-Equity Deals Depress Worker Wages, Study Finds

quoting Steven J. Davisvia Market Watch
Monday, October 14, 2019

Private-equity deals result in worse pay for workers, and, depending on whether the buyout target was public or not, fewer jobs, according to a newly published study. The study of some 6,000 private-equity deals between 1980 and 2013 finds that the average pay per worker falls 1.7% after buyouts.

In the News

What 'Deepfakes' Are And How They May Be Dangerous

quoting John Villasenorvia CNBC
Monday, October 14, 2019

Camera apps have become increasingly sophisticated. Users can elongate legs, remove pimples, add on animal ears and now, some can even create false videos that look very real. The technology used to create such digital content has quickly become accessible to the masses, and they are called “deepfakes.”


The House Doesn’t Have To Be ‘Fair’ In Its Probe. But It Should Give Trump Due Process.

by John Yoovia The Washington Post
Sunday, October 13, 2019

Even as they rush headlong into their unavoidable constitutional crash, President Trump and House Speaker Nancy Pelosi (D-Calif.) may yet agree on the procedures for the impeachment inquiry. Contrary to Trump’s claims, the Constitution does not require the House to be “fair” in its probe. But House leaders should still furnish the president with due process, because the Senate will not hold a serious trial that can reveal the truth.

In the News

Trump Tells Pentagon To Begin Withdrawing Remaining Troops From Northern Syria

quoting General Jim Mattisvia Reuters
Sunday, October 13, 2019

The United States is poised to move about 1,000 U.S. troops from northern Syria amid an ongoing Turkish incursion into the region, Defense Secretary Mark Esper said on Sunday, calling the situation “untenable” for U.S. forces.

In the News

Trade Uncertainty Clouds Global Growth Prospects

quoting Steven J. Davisvia The Wall Street Journal
Sunday, October 13, 2019

[Subscription Required] Small steps toward a trade truce between China and the U.S. last week likely aren’t enough to diminish uncertainties that are holding back global economic growth. Negotiators agreed to put off a round of U.S. tariff increases set for this week but left undecided what will come of an additional round of tariffs scheduled for December or the tariffs on about $360 billion of imported Chinese goods already in place. 


Silicon Valley Q&A: Ex-Facebook Exec Alex Stamos Warns Of 2020 Election Security Threats

interview with Alex Stamosvia CBS San Francisco
Sunday, October 13, 2019

Hoover Institution fellow Alex Stamos talks about the 2020 election security threats.

In the News

India's Fiscal Deficit 'Conceals' A Lot, Warns Raghuram Rajan

quoting Raghuram Rajanvia Economic Times (India)
Sunday, October 13, 2019

India's fiscal deficit 'conceals' a lot and is probably pushing Asia's third-largest economy to the brink of a 'worrisome' situation, former RBI governor Raghuram Rajan has warned. Delivering the OP Jindal lecture at Brown University, Rajan said the uncertainty about the overall economic vision at the top rungs is causing deep distress in the Indian economy.

In the News

The New Trickle-Down Theory Of Economics

quoting Thomas Sowellvia Foundation for Economic Education
Sunday, October 13, 2019

“Trickle-down theory,” where the rich keep their money rather than have it taxed away, is a term created by people suspicious of free markets.

Analysis and Commentary

Friedrich Engels Answers The Question All Libertarians Have Been Asked

by David R. Hendersonvia EconLog
Sunday, October 13, 2019

Who will build the roads? Every libertarian I know who has been one for 5 years or more has been asked this question. Our answer is typically that for-profit firms will build roads and that sometimes neighborhood associations will do so.

Analysis and Commentary

The Strategies Of Targeting Trump

by Victor Davis Hansonvia American Greatness
Sunday, October 13, 2019

We are headed for a train wreck. No one knows for certain which outcome is most likely.