According to Chris Edwards, the director of tax policy studies at Cato Institute, the federal government is involving itself too much in the business of disaster recovery. Edwards writes that local authorities, along with the private sector, are in a better position to take lead roles in disaster recovery. Too much federal intervention could actually slow […]
U.S. Navy’s Powerful New Missile Detection Tool Reaches Milestone
The U.S. Navy’s powerful new tool to detect and defeat incoming anti-ship missile threats is on schedule to be constructed in early 2018. Lockheed Martin (NYSE:LMT) is reporting that its new Advanced Off-Board Electronic Warfare (AOEW) system has passed Preliminary Design Review. The AOEW system will provide MH-60 helicopters with enhanced electronic warfare surveillance and […]
American Optimism Alive and Well
Despite what appears to be increasing polarizing politics, Americans are optimistic about the economy and the prospects for their children, writes James Freeman in the WSJ. Things seem to be working. There is strong support for fundamental constitutional freedoms and an open and welcoming society. On the other hand, “Americans have become much more skeptical of […]
A Neutral United States?
Former CIA Chief of the bin Laden unit, Michael Scheuer writes, For now, however, the beginning of wisdom is to look at what is going on in Iraq and Syria and see it clearly. In both places all of those folks that multiple U.S. administrations have identified as enemies of America are killing each other…. This […]
Who Owns the South China Sea Islands?
Pat Buchanan makes it clear that we do not. As Pat writes, the islands are not our vital interest. A naval clash with China over these islands makes little sense for America. Each of the China Sea claimants—Beijing, Taipei, Manila, and Hanoi—have maps going back decades and even centuries to support their claims. The U.S. […]
Are the Chinese About to Flee Bordeaux?
After buying up numerous estates in Bordeaux, some Chinese investors are looking for the exit. It turns out producing wine isn’t all smooth sailing. Jane Anson of Decanter reports that up to 40 Chinese owned Chateaux may be about to come back onto the market. She writes: It is believed that around 160 châteaux in Bordeaux are […]
Is Your Portfolio Prepared for a Black Swan Event?
Worrying about a Black Swan event can do serious damage to a portfolio. Jon Sindreu and Laurence Fletcher write at The Wall Street Journal: In the wake of the global financial crisis, fear of such “black-swan” events drove some investors into hedge funds that offered protection should markets plunge. But the swans have yet to […]
Will America Ever Learn the Lessons of Afghanistan?
Former CIA officer and regular contributor to The American Conservative, Philip Giraldi recommends the book Fool’s Errand, by Scott Horton as a guide to the Afghan war and its background. Will America learn its lesson in the country, or forever continue a war without an end game there? Giraldi writes: I don’t know to what […]
America’s Best Course in the South China Sea
There is little benefit to America of backing up the claims of allies over disputed territories in the South China Sea. Benjamin Herscovitch explains an appropriate course of action for the U.S. in the region at Cato.org. To avoid needlessly entangling itself in the South China Sea dispute, the United States should not support the […]
Is There Anything Good About a VAT? You May Be Surprised
For years Dan Mitchell has criticized the value added tax (VAT). There are major problems with the way European nations have implemented the VAT. The biggest is that they didn’t get rid of all their other taxes first. At his blog International Liberty, Mitchell, a senior fellow at the Cato Institute, explains under what conditions […]
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