China's economy is now the largest on earth. Its industrial output is triple that of the United States. Its population, quadruple. To make matters worse, Chinese computing power is on par with ours and their scientific output is gaining fast. This is no accident. Like Britain, China transitioned from an agrarian to an
General Motors last week announced it would close five manufacturing plants, four in America and one in Canada. President Trump responded to GM by threatening to cut the automaker's subsidies unless it protected American jobs: Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland.
Published in 1818, Horace Smith's "Ozymandias" imagines a London long-since abandoned—the English civilization is gone. Collapsed. The city is a new Rome. A half-forgotten memory like Babylon. Troy.…We wonder—and some Hunter may expressWonder like ours, when thro' the wildernessWhere London stood, holding the Wolf in chase,He meets some fragment huge, and stops to guessWhat
Afraid his son would steal his throne, Dionysius I, Tyrant of Syracuse, locked the boy away in a tower. Never leaving his prison, the boy learned about the world from his teachers and books. War, rhetoric, politics—he mastered them all. The boy was Leonidas without soldiers, Pericles without words, Themistocles without followers. Everything
In the 19th century, savvy American saloon-owners offered free lunches to attract noontime patrons. Inevitably, the diners would get thirsty and buy expensive drinks—thus was born the expression, "there's no such thing as a free lunch." Despite its humble origins, the phrase captures a deep and omnipresent truth: everything has a price, an
U.S. Commerce Secretary Wilbur Ross told CNBC last week that President Trump's tariffs wouldn't hurt American consumers, noting that because the price increase would be "spread over thousands and thousands of products, nobody's going to actually notice it at the end of the day." Needless to say, poor Ross was summarily tarred-and-feathered by
The Trump Administration last week announced it would impose 10 percent tariffs on an additional $200 billion worth of Chinese goods—including many consumer goods that have been exempt until now. The rate would increase to 25 percent by year's end. China responded by imposing new tariffs on $60 billion worth of American goods.
President Trump announced this week he would levy 10 percent tariffs on some $200 billion worth of Chinese goods. The tariff is scheduled to take effect on September 24, and is slated to increase to 25 percent by year's end. Of course, China pledged to retaliate with tariffs of “equal scale and equal
Ask any Democrat why they support open borders and invariably they will respond with one of two pre-packaged answers: because "diversity is our strength" or "we need immigrants to pay for our pensions." The first argument is a sham: if liberals valued diversity they would welcome conservatives to college campuses and tolerate them
In 1993, President Bill Clinton promised that the North American Free Trade Agreement (NAFTA) would create "a million [American] jobs in the first five years." He also said NAFTA's "side agreements" would "make it harder than it is today for businesses to relocate solely because of very low [Mexican] wages or lax environmental