by Richard Schulman Sometimes guilt leads to great benefactions, as in the case of the Scrovegni Chapel in Padua. California Institute of Technology (“Caltech”), we fear, has not been so lucky. Yesterday one of its trustees, billionaire Stewart Resnick, and his wife Lynda, pledged $750 mn. to Caltech with some very burdensome environmentalist strings attached. […]
Policy
US and Saudis re-enact Maginot line
by Richard Schulman The US and Saudi Arabia have given new meaning to military operations at the theater level — by running a re-enactment of France’s Maginot Line strategy that led to the fall of France in WWII. US and Saudi Arabian radar and missile defenses were pointed toward Houthi positions to the south. But […]
Iran attack requires a US military response
by Richard Schulman Iran has just committed an act of war against Saudi Arabia and the energy lifeline that keeps the world economy running. The airborne assault was launched either by Iranian forces directly or by proxies it controls who would not have taken such an action without approval at the highest levels of the […]
China’s phony data and treaty unreliability
The weekly trade report — by Trade Correspondent L.C. One of the few growth industries in China now are the private start-ups selling accurate reports on the Chinese economy to business customers. The government reports have been found useless for business planning. Today’s Wall Street Journal gives front page coverage to how the Chinese Communist […]
Missile defense for allies but not US
by Richard Schulman On August 30th, the US Missile Defense Agency (MDA) announced that for the first time the nation’s Terminal High Altitude Area Defense (THAAD) system was able to remotely launch an interceptor vehicle. In the words of Defense News, [T]he Lockheed Martin-made THAAD has now had 16 successful intercept tests in a row… […]