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… […]
US-China Tariffs Escalate; USMCA Still in Play
by Trade Correspondent L.C. Fifteen percent tariffs on tools, clothing, some footwear, and many electronics were imposed on China yesterday by the US, today’s Wall Street Journal reports. Additional 15% tariffs will be imposed on smartphones, laptops, toys, video games and other products starting on Dec. 15th. Consumers may soon be noticing increased retail prices. […]
Progressives’ taxes mix bad economics with envy
by Richard Schulman Progressives are proposing four new taxes to finance their costly spending plans and to supposedly reduce inequality: A wealth tax (Senator Elizabeth Warren [D-MA]); An accelerated (Senator Ron Wyden [D-OR] or increased (former Vice-President Joe Biden) capital gains tax; A financial transaction tax (Representative Peter DeFazio [D-OR] and Senator Brian Schatz [D-HI]); […]
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