by Richard Schulman Economics columnist and editor John Tamny notes that inequality has surged since 1989 but so has the quality of life for most people. Might there be a connection? Would we have had the benefits of the internet, personal computers, smart phones, and automation without the entrepreneurship and wealth accumulation among the few […]
US-China “phase one” delayed, might be “phase last”
The weekly trade report by our correspondent, L.C. The cancellation of the November 16th-17th Asia-Pacific Economic Cooperation (APEC) summit in Santiago prevented the possible signing of a “phase one” US-China trade agreement. Both Presidents Trump and Xi Jinping had been expected to attend, making a signing ceremony easy to arrange. While an agreement could validly […]
Chile and the importance of ideas
by Richard Schulman Developments in Chile underline the importance of ideas, an insight that needs to be taken up by President Trump and congressional Republicans no less than by Chile’s president, Sebastián Piñera. Chile has the highest standard of living of any country in Latin America and is on the verge of becoming Latin America’s […]
Limited US-China trade deal likely at mid-November APEC summit
Correspondent L.C.’s weekly trade report ____________________________________________ The US and China appear to be proceeding smoothly toward finalizing the recently-agreed “phase one” trade deal so that it can be endorsed by their two leaders when they meet at the November 16th-17th Asia-Pacific Economic Cooperation (APEC) summit in Chile. China also this week passed a new law […]
Sometimes governments get it right, just not California
by Richard Schulman Three exemplary government actions took place in the past week — two by the Trump administration and one by Indonesia’s Transportation Safety Committee. First, the Trump administration and Pentagon awarded a lucrative and security-critical cloud storage contract to Microsoft rather than Jeff Bezos’s Amazon-Washington Post enterprise, which has been a repeat conduit […]
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