April 5, 2016 at 1:12 pm
Somehow I missed this last month, but it's worth passing along even a couple of weeks late. From Bloomberg News:
April 5, 2016 at 12:08 pm
(And public sector unions finally find a Republican they like, and Republicans finally find some government employees they want more of). The New York Times has a pretty amusing editorial about the decision by the union representing 16,500 federal border patrol agents to endorse presidential candidate Donald Trump.
Not to belittle the issues involved, just to notice some of the ironies.
April 5, 2016 at 11:59 am
President Obama is promising a full-court press to get Congress to confirm Merrick Garland to the Supreme Court. There's no parallel presidential public relations effort to get Congress to authorize the use of force against the genocidal terrorists of the Islamic State. The situation is the topic of my column this week. Please check the column out at the New York Sun (here) and Newsmax (here).
April 4, 2016 at 10:23 am
Paul Krugman, in his current incarnation as New York Times op-ed page columnist, isn't someone I often agree with. But he makes a good point in today's column about how regulation hurts the poor:
March 31, 2016 at 1:30 pm
A dispatch from Shanghai in the New York Times gives an amazing glimpse into the workings of General Motors, the automaker that received a multi-billion-dollar bailout from taxpayers. The Times reports from a billion-dollar GM factory in China that appears to be staffed mainly by robots:
The cars made by robots in China will be shipped to America for sale to American customers, the Times reports.
March 31, 2016 at 1:22 pm
The Republican Congress and President Obama teamed up on a new law that allows the U.S. government to revoke the passports of people who owe back taxes, Bloomberg News reports:
March 31, 2016 at 1:06 pm
The Harvard Crimson has published, as a "special report," an admiring profile of Soviet dupe John Reed. The article concludes with a discussion of how the presidential campaign of Bernie Sanders has made socialism fashionable on campus:
March 30, 2016 at 2:28 pm
The New York Times reports on the drive to impose a $15 an hour minimum wage across California:
March 30, 2016 at 2:11 pm
The blog of the Federal Reserve Bank of New York reports:
March 30, 2016 at 1:50 pm
USA Today reports:
The company reportedly has gotten $4.59 million from the federal Department of Energy and $1,874,901 from the Obama "stimulus." If it does go bankrupt, it would join Satcon, Evergreen, Solyndra, and Abound on the list of government-backed alternative energy companies that have done so.
March 30, 2016 at 10:21 am
The Boston Globe has published an entire news article, complete with official comment from Yale, about my suggestion, inspired by the Cato Institute's Walter Olson, that that university move to Boston. Pretty funny, at least from a Harvard perspective. As of this morning it was one of the top 10 trending articles on the Globe web site.
March 28, 2016 at 9:58 pm
Connecticut's effort to tax Yale's endowment is the topic of my column this week. I suggest that the university consider following in GE's footsteps and decamping to Boston. Please check the column out at the Hartford Courant (here), the New York Sun (here), Reason (here), and Newsmax (here).
March 25, 2016 at 1:41 pm
Google is getting a lot of attention, mostly positive, on the left today for its direct statement opposing what it calls a "misguided & wrong" North Carolina law. I haven't studied that law deeply, but as portrayed by Google, and as viewed from a distance, it seems aimed at depriving transgender people access to the bathrooms they want to use.
It's ironical, because a lot of the ones cheering Google for its corporate political speech opposing the North Carolina law are the same ones denouncing the Citizens United Supreme Court decision striking down as unconstitutional restrictions on political speech by corporations. A lot of the opposition to corporate political speech, in other words, seems to depend on who is doing the speaking. If it is the Koch Brothers spending on lower taxes or less environmental regulations, the left wants to ban it and attacks the Supreme Court for permitting it. But if it's Google defending transgender bathroom access, the left is okay with it. The objection isn't to corporate political speech, but to the content.
March 25, 2016 at 1:10 pm
In an article from last year issued by the Brookings Institution that is being recirculated by the think tank in response to current events, Harry J. Holzer argues that the $15-an-hour minimum wage being demanded by activists and imposed in some jurisdictions is too high:
March 23, 2016 at 10:28 pm
The Yale Law Journal has posted Richard Epstein's characteristically thoughtful article on insider trading law after the Second Circuit's United States v. Newman decision. Professor Epstein argues that, as the abstract of the article puts it, "in some instances the law does not reach far enough, while in other instances the law reaches too far." Crucially, "contractual solutions work better than regulatory solutions to constrain various forms of misrepresentation, concealment, and nondisclosure that arise in connection with insider trading." (A principle that applies to a lot more things than just insider trading, but that's for another day.)
Professor Epstein agrees with the outcome in Newman but not the reasoning.
The article includes a discussion of the SEC's Regulation FD, or "fair disclosure," which Professor Epstein recommends scrapping.
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