Peggy Noonan, Special Assistant to Ronald Reagan, on Donald Trump and the Republican Party

07/29/2016

Peggy Noonan gave a poignant, teary, and touching account of the changes in the Republican Party with the Trump movement. Such a massive rejection of the traditional party leaders is unprecedented. The "establishment" in both parties has lost touch with working class voters, yet this has happened in the past and this kind of "one man Show" is unprecedented in American history. In his letters George Washington did not reject criticism and maintained civility and composure in the face of doubters, even when he was chosen to be the first president of the U.S.

Linked Articles

A Disunited Party’s Successful Convention

WSJ 07/29/2016

Peggy Noonan

Wall Street Journal 04/23/2016

Peggy Noonan, Peggy, Noonan

The 2016 Republican Convention rules requiring a majority of delegates to be the nominee and the prospect of a second or third ballot

04/21/2016

Linked Articles

Let’s Get This Straight About the Convention

Wall Street Journal 04/21/2016

Bill Brock, Bill, Brock, Bob Dole, Bob, Dole, Haley Barbour, Haley, Barbour

Wall Street Journal 04/21/2016

Karl Rove, Karl, Rove

Donald Trump's proposal for 45% tariff on China's exports to the U.S.- how a policy of bringing jobs home could lead to the loss of 1 million U.S. jobs

03/08/2016

By damaging the international trading system including with allies such a Canada, Britain, France and Germany, the result of a downward spiral through higher tariffs in other countries, could end up costing the U.S. 1 million jobs. Under such a system the U.S. would lose many of the advantages of its booming tech sector, its tech driven global advantages in many industries, without signifcant gains in low cost imports such as clothing which would simply migrate to other countries such as India. The problem of worker wage stagnation in the U.S., and loss of jobs in certain sectors, is very real, but this is the wrong way to tackle the problem. China is already moving towards a consumer driven economy. Economists show that trade with Mexico would be seriously hurt both ways, creating more pressure of migrants at the border under such proposals as a 45% tariff and its indirect effect on Mexico, when the actual fact is that net migration from Mexico is the lowest it has ben in decades. Politics can do strange things as when two senators Smoot and Hawley from agricultural states Utah and Oregon, at the head of important committees in the U.S. Congress pushed and passed legislation for a 60% tariff in 1930 for the industrial sector they had no idea about. When Smoot and Hawley lost reelection in 1932 they left behind a lot of damage, especially for the farmers and workers they thought they were fighting for.

Linked Articles

How Trump’s Hard Line on Trade Could Backfire

Wall Street Journal 03/25/2016

Bob Davis, Bob, Davis

Wall Street Journal 03/08/2016

Holman W. Jenkins Jr., Holman, W., Jenkins, Jr.

The standoff between Saudi Arabia and Russia/ Iran that created the prospect of low oil prices for the long term - (1) Saudis and Russian resilience in the face of low oil prices

01/25/2016

Linked Articles

Saudi Arabia Keeps Pumping Oil, Despite Financial and Political Risks

New York Times 01/27/2016

Stanley Reed, Stanley, Reed

Wall Street Journal 01/25/2016

Selina Williams, Selina, Williams, James Marson, James, Marson

A Republican narrative for the 2016 U.S. presidential election from Karl Rove and a different narrative from Stanley Greenberg for the Democrats

11/20/2015

The Republican narrative finds a parallel in the 2016 U.S. presidential election which led to the election of president McKinley and bringing Teddy Roosevelt as running mate for the 1900 election. It focusses on economic recovery under the gold standard and U.S. asserting itself on behalf of Cuban independence in the uprising against Spanish rule. The Democratic narrative looks at immigration, women, minorities and the surge in inequality to see continuing shift to Democrats, accepting some voter disillusionment with both parties showing up in reduced voter participation.

Linked Articles

Painting America Blue

Wall Street Journal 11/20/2015

Michael Barone, Michael, Barone

Wall Street Journal 11/20/2015

Karl Rove, Karl, Rove

2016 U.S. presidential candidate Jeb Bush's Tax Plan that spells out details, and takes a shot at 4% growth for restoring lost social and economic mobility in the U.S.

09/09/2015

The efforts to wrestle with the deficit in 2011-2012 led to a vigorous debate on changing the tax code, yet political leaders failed to take up new ideas or spell out the details. Jeb Bush, with advisors Martin Feldstein and Kevin Warsh, takes the unconventional approach of putting in the details, and taking up ideas such as the idea of limiting itemized deductions to 2% of adjusted gross income proposed by Feldstein in that debate. On the $2.1 trillion in income held overseas by U.S. companies Bush proposes 8.75% tax paid over 10 years. On business investment he proposes capital investment be allowed to be deducted in full immediately. It is based on the idea that business investment can drive a vigorous recovery, that workers bear 50% of the burden of higer taxes through sluggish wage growth. It levels the playing field for debt and equity capital, removing "carried interest" provision, as a lesson from the excessive leverage taken by financial institutions in the past.

Linked Articles

The Bush Growth Plan

Wall Street Journal 09/10/2015

Editorial

New York Times 09/09/2015

Alan Rappeport, Alan, Rappeport, Matt Flegenheimer, Matt, Flegenheimer

Faces in Changzhi and Chengdu as China closes cement and steel plants to cut large overcapacity in 2015

08/28/2015

The closing of a cement plant in Changzhi and the closing of the Panchenggang steel factory in Chengdu in 2015, are part of an overall effort to closer older, less efficent, higher polluting facilities. The transition means more workers laid off and a period of retraining in other fields, and economic uncertainty in these urban areas.

Linked Articles

China’s Shift Away From Industry Drains Life From a Steel Town

Wall Street Journal 09/08/2015

Chuin Wei Yap, Chuin Wei, Yap

New York Times 08/28/2015

Michael Schuman, Michael, Schuman

The huge contrast between Chancellor Merkel's approach and the approach of Obama and Cameron to the Syrian refugee crisis

08/20/2015

The German chancellor will be remembered in history for the way she handled the Syrian refugee crisis in 2015, and for the courage to say, "if Europe fails on the question of refugees, its close connection with universal civil rights will be destroyed." Reports in the Guardian newspaper say Germany is likely to accept about 1 million refugees in 2015. Chancellor Merkel says about 800,000 refugees will be admitted in 2015. Contrast this with the UK reports the Guardian which has 166 refugees admitted to the UK, and reports in the WSJ that about 1500 refugees have been admitted to the U.S.. Merkel has taken on the challenge in a spirited way as Europe faces anti-immigrant sentiment and rallied German society in a way that is remarkable. The withdrawal of the Obama administration from the Middle East led to the collapse of the fragile situation in Libya, Iraq and Syria, and the unravelling of these countries, leading to the current refugee crisis with about half of the Syrian population dislocated and large parts of the population of Libya, Iraq, and Kurdish regions dislocated.

Linked Articles

U.S. Pressed to Take More Syrian Refugees

Wall Street Journal 09/05/2015

Felicia Schwartz, Felicia, Schwartz

Washington Post 08/20/2015

Rick Noack, Rick, Noack

Ban on election advertising on commercial television and radio in Britain and strict limits of $29.5 million for each party in general elections- contrast with the U.S.

05/02/2015

Britain disproves the popular belief that an ever upward trajectory for election spending is inevitable. The 2010 general election in Britain cost half that of the 1880 general election in 2002 prices, say researchers. In the U.S. spending has increased to the point where candidates may be spending more time fund raising than talking about the issues. The 2016 presidential election in the U.S. is estimated to lead to $10 billion in spending. India, Brazil, and other developing countries face a similar situation.

Linked Articles

Britain’s Campaign Finance Laws Leave Parties With Idle Money

New York Times 05/04/2015

Stephen Castle, Stephen, Castle

New York Times 05/02/2015

Eric Lichtblau, Eric, Lichtblau

Deep differences in 2015 between Alexis Tsipras of Syriza and the Merkel government in Germany on debt forgiveness and the bailouts for Greece

01/26/2015

The deep differences between Greeks and Merkel operate at two levels. On the level of austerity policies Greece shares the view with other EU countries, the governments of Hollande in France and Renzi in Italy that austerity is not the best course for the eurozone. This view is also shared by people in Spain facing unemployment exceeding 20%, though the government of Rajoy in Spain like that of Samaras in Greece lived with the austerity policies with some changes. At this level there is also support from within Merkel's coalition government from Social Democrats. The other level of deep differences is on debt forgiveness and bailouts where Greece has to find its own way out in negotiations hoping that the EU and the IMF will agree to make concessions based on action taken by Syriza to ensure prudence in fianncial management. On issues such as minimum wage one would expect Syriza to be firm and make concessions where the hardship does not fall on the poorer and working class, winning support from the Social Democrats in Merkel's coalition. Beyond the symbolic moves and posturing the actual negotiations are likely to take into account the eurozone's need for help on the fiscal side desired by the ECB's Draghi to support monetary easing to fight deflation, and the need to keep the eurozone intact at a sensitive time. Syriza for its part is aware that a majority of Greeks favor staying in the eurozone.

Linked Articles

Greece’s new prime minister wants Germany to pay for Nazi war crimes - The Washington Post

Washington Post 01/26/2015

Ishaan Tharoor, Ishaan, Tharoor

Washington Post 01/27/2015

Griff Witte, Griff, Witte

The challenges facing K-12 education in the U.S. in 2015 with a larger proportion of children from less affluent and poor backgrounds, and two thirds of American children failing math and reading proficiency required levels in 8th grade for 2015

01/17/2015

With a majority of children in California, Texas, and some midwestern states in the U.S. from less affluent or poor backgrounds, and about two thirds of all American students failiing to meet required proficiency in math and reading at 8th grade, the educational challenge of of creating a well qualified work force to build America's future is daunting. Eight years of policy changes in education and private efforts have failed to produce adequate results.

Linked Articles

U.S. student performance slips on national test - The Washington Post

Washington Post 10/28/2015

Emma Brown, Emma, Brown

Washington Post 01/17/2015

Lyndsey Layton, Lyndsey, Layton

China and corruption under the Xi Jinping administration

12/02/2014

Transparency International gives China 36 points , a decline of 4 points in 2014. Since 2013 China has dropped 20 place in the Corruption Perceptions Index, only Turkey had a steeper drop in points in 2014. Transparency, independent judiciary, free speech, whistleblower protection, and accountable government are factors that determine ranking in the index.

Linked Articles

A Beijing House of Cards

Wall Street Journal 12/09/2014

Wsj Editorial, Wsj, Editorial

New York Times 12/02/2014

Didi Kirsten Tatlow, Didi, Kirsten, Tatlow

Republican party gains in U.S. 2014 elections as differences with Democrats for the women's vote narrows

10/23/2014

Linked Articles

Election Results: Republicans Win Senate Control With at Least 7 New Seats

New York Times 11/04/2014

Jonathan Weisman, Jonathan, Weisman, Ashley Parker, Ashley, Parker

Wall Street Journal 10/23/2014

Janet Hook, Janet, Hook