Tag: Economy

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Back to the normal format today, but plenty of good Friday fodder awaits. Today, Jim and Greg are happy to see better-than-expected numbers in the October jobs report. They shred Elizabeth Warren’s ludicrous plan to pay for government-run health care, explaining why it’s a fiscal pipe dream and a health policy nightmare for everyone. And […]

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Stian Westlake joins City Journal editor Brian Anderson to discuss the future of productivity and how institutions and policymakers can adapt to the new “intangible” economy. Throughout history, as documented in the book Capitalism Without Capital by Westlake and coauthor Jonathan Haskel, firms have invested in physical goods like machines and computers. As society has grown richer, companies have invested increasingly […]

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Jim Geraghty of National Review and guest host Greg Knapp discuss the recent jobs report and the impact on Trump’s reelection chances. They debate the David Brooks’ op-ed in The New York Times arguing Marianne Williamson has the best chance of defeating Trump. And they react to Michael Moore’s plea for Michelle Obama to enter […]

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Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. Red Hot Stocks!

 

Stocks are red hot…and so are other investments, resulting in these headlines:

The Best First Half for Financial Markets Ever — U.S. News and World Report, 28 June 2019

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Andrew McCarthy is wrong this time. He calls not only for a policy of regime change but also for President Trump to call for “regime change” in Iran. McCarthy should pay closer attention to the history of American presidents talking up “liberation” or regime change. Consider both President Eisenhower and President George H.W. Bush, and […]

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Contributor Post Created with Sketch. Recommended by Ricochet Members Created with Sketch. Trumping Middle East Hands: Iran [Updated]

 

Start from the position that the Iranian people are hostages in their own country to a regime based on an idea, perhaps an ideology, concocted in the 1970s and propounded clearly only after Khomeini’s faction had control in the Iranian Revolution of 1979. Consider that there has been popular unrest against the regime. Factor in that the rulers are savvy and ruthless, with an elite military force keeping the regular military and the populace in check, while extending regime influence regionally and globally. The Khomeinists seem to have a strong hand, with some high cards, so how do we set about trumping their hand? Moving towards answers that are feasible takes more than hand-waving and posturing.

The U.S. military has long recognized that it was only one instrument in Uncle Sam’s tool belt, and that military strategy needed to be integrated with plans and actions by the rest of the government. This became called a “whole of government” approach. For many years, military officers, in their advanced schooling, were instructed in consideration of four “instruments of national power:” Diplomacy, Information, Military, and Economy (DIME).

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Jim Geraghty of National Review and Greg Corombos of Radio America discuss how the private sector is picking up the slack for the bureaucrats when it comes to border security. They also discuss the New York Times revealing their economic models predict President Trump winning re-election next year. And they laugh as Michael Wolff’s new […]

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Recommended by Ricochet Members Created with Sketch. What Just Happened in the Rose Garden?

 

Earlier today, President Trump commented about a planned infrastructure meeting that he just left with Speaker Pelosi and Senator Schumer. This was followed by Pelosi and Schumer describing how the President left the meeting without the discussion on infrastructure even taking place. They were ready to present a 35-page plan and said the President just shut it down. They went on to describe how he “ran away” from the meeting.

Apparently, the President asked them to stop the constant harassment and re-investigation (of the Mueller Report) and threats of impeachment (of which there is no basis) so they can sit down and work together amicably. Is this unreasonable? Is it not insane to constantly backstab, threaten, and investigate, then expect to come into a meeting all smiles and get anything done? Would the meeting on infrastructure have gone well, had the Democrats accepted the two years of investigation that cost us, the American taxpayers, $35 to 40 million (and I think we’re still counting) several weeks ago when it was released?

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David French of National Review and Greg Corombos of Radio America celebrate stronger than expected economic growth of 3.2 percent in the first quarter of 2019. They also pour cold water on the absurd notions that Anita Hill was treated unfairly by the Senate Judiciary Committee in 1991 and that Clarence Thomas is somehow assumed […]

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Jim Geraghty of National Review and Greg Corombos of Radio America are happy to see Vice President Pence laud our NATO partners for contributing more to the common defense and building greater cohesion while also calling out Turkey for its troubling embrace of Russia and a more Islamist outlook on the world. They also welcome […]

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Jim Geraghty of National Review and Greg Corombos of Radio America announce three more prestigious year-end awards. Today they look at the stories the mainstream media covered far too much, the ones they conveniently ignored because they didn’t fit their narrative, and what they saw as the best stories of 2018. More

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Jim Geraghty of National Review and Greg Corombos of Radio America briefly react to the news Martha McSally will be appointed to fill the Arizona Senate seat once held by John McCain until the next election. Then they welcome a New York judge lifting the ban on nunchucks in the state and offering a great […]

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Contributor Post Created with Sketch. Veneration and Vulnerability: Suicide in the Midst of Prosperity

 

Man does not live by bread alone. As bread was being earned at a record clip, and more people got off the dole, more people in their prime years cut their own lives short. Reflecting back on the U.S. military’s Herculean effort to end suicide in the service, an unwon battle, I am painfully aware there is no clear solution, no magic pill or words. And. I wonder if our changing societal habits and beliefs make vulnerable people more vulnerable.

2017 brought unbroken good economic news, and not just for stockholders. President Trump repeated at every occasion the good news for everyone, including demographic groups who had been lagging in employment. Wages started to rise. And in the midst of all this, the suicide rate increased to a 50-year peak.

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Jim Geraghty of National Review and Greg Corombos of Radio America wince at many of the final polls showing Democrats with the momentum in several key races. They also wonder why Republicans have not spent most of their time and money discussing the strength of the economy instead of more polarizing issues like the caravan. […]

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Jim Geraghty of National Review and Greg Corombos of Radio America are happy to see new reports showing the highest wage growth in a decade and the highest consumer confidence since 2000. They also groan as dismal GOP prospects in major governors’ races could leave Democrats leading 12 of the 13 most populous states after […]

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It’s all good martinis today! Jim Geraghty of National Review and Greg Corombos of Radio America react to the breaking news of an arrest in the case of pipe bomb-type devices sent to prominent Democrats. Then, they welcome the news that the Cook Political Report is moving the New Jersey U.S. Senate race to the […]

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Jim Geraghty of National Review and Greg Corombos of Radio America celebrate the United States being named the world’s top economy for the first time since the financial crisis. They also shudder as North Dakota Democratic Sen. Heidi Heitkamp tries to attack her opponent by running an ad listing women who are assault victims. But […]

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Will wonders never cease on this amazing day? Not only are we looking at Kavanaugh’s approval along with an increase in Trump’s approval numbers, but, the most amazing thing is this this article on CNN by Stephen Collinson titled “Trump’s Winning Streak. The first 2/3 of the piece is devoted to Trump’s accomplishment since becoming president while […]

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Recommended by Ricochet Members Created with Sketch. Providing a Service People Want Isn’t “Exploitation”

 

A Harvard survey last month found that a slim majority of millennials reject capitalism, and with the quality of media reporting about business and the economy, it’s not hard to guess why. (Not to mention the pitiful state of economics education in public high schools.) The Washington Post published a story today that perfectly illustrates the extent of the problem in a single sentence.

The story is about single women in China who have passed their early 20s without a husband, which they say brings shame to their families and have turned to “love markets” as a last resort. Turns out that some entrepreneurs have started companies to help these women find husbands. These are more than dating websites. The companies train the women in man-finding techniques and search cities to help them locate eligible men.

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Jim Geraghty of National Review and Greg Corombos of Radio America welcome another good jobs report and President Trump’s desire to avoid a government shutdown right before the midterm elections. They also wonder why very few people are discussing Russia threatening to use force near U.S. troops in Syria and accusing us of protecting militias […]

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