By Samuel Hammond • National Review
The ability of businesses to grow rapidly is a one of the most defining and precious features of the American economy. Amazon went from a fledgling online bookstore to an “everything store” and the second-largest employer in the United States in just two decades. Uber emerged from nowhere less than ten years ago to become a dominant transportation option in cities around the world. And earlier this month, Apple became the first U.S. public corporation to reach a $1 trillion valuation — a far cry from its sorry state in 1996, when it looked doomed to fail.
It’s not just the information sector. The United States is home to 64 percent of the world’s billion-dollar privately held companies and a plurality of the world’s billion-dollar startups. Known in the industry as “unicorns,” they cover industries ranging from aerospace to biotechnology, and they are the reason America remains the engine of innovation for the entire world.
Unless Elizabeth Warren gets her way. In a bill unveiled this week, the Massachusetts senator has put forward a proposal that threatens to force America’s unicorns into a corral and domesticate the American economy indefinitely.
Dubbed the “Accountable Capitalism Act,” Warren foresees Continue reading
By Bill Gertz • Washington Free Beacon
Russia has deployed a suspicious satellite the United States says is part of Moscow’s plans to attack orbiting satellites in a future conflict, a State Department official revealed in Geneva on Tuesday.
Yleem Poblete, assistant secretary of state for arms control, verification, and compliance, made the accusation in a speech declaring Moscow is promoting a draft treaty aimed at banning arms in space while advancing an array of space weaponry.
Russia in October conducted tests of a “space apparatus inspector” that was detected by U.S. intelligence maneuvering and taking other unusual actions in space.
“Its behavior on-orbit was inconsistent with anything seen before from on-orbit inspection or space situational awareness capabilities, including other Russian inspection satellite activities,” Poblete stated during a session of the U.N. Conference on Disarmament.
“We are concerned with what appears to be very abnormal behavior by a declared ‘space apparatus inspector.'” She did not elaborate on the suspect activities.
Nation’s Secrets: Democrats and spy agency bureaucrats squealed with rage after President Trump pulled former CIA Director John Brennan’s security clearance. Why are they upset? Brennan clearly abused his privileged security clearance by using it for political purposes and profit.
“Mr. Brennan’s lying and recent conduct, characterized by increasingly frenzied commentary, is wholly inconsistent with access to the nation’s most closely held secrets and facilities, the very aim of our adversaries, which is to sow division and chaos,” said White House Press Secretary Sarah Huckabee Sanders, reading a statement.
There’s no question that Brennan lied, both to Congress and the American people, more than once and under oath.
And for someone with continued privileged access to the nation’s secrets to call the president “treasonous” merely for speaking to Vladimir Putin isn’t an exercise of freedom of speech — it verges on a threat.
By Peter Roff • Newsweek
There’s been an awful lot of scribble and chatter lately about a recent Gallup survey purporting to show that America, Democrats especially, are becoming more enamored of socialism. Most of the people who’ve had something to say about it though have gotten it wrong. Democrats are not moving to the left in any appreciable way. They’re just moving further away from the center.
Let’s spend a moment discussing why that’s a distinction with a difference. Gallup first asked whether survey participants had a more favorable view of socialism or capitalism in 2010. The results on the GOP side have been consistent throughout, with about three-quarters of Republicans regularly indicating more positive feelings about the free market. Among Democrats, however, there’s been a shift.
Here’s how the polling firm describes it: “For the first time in Gallup’s measurement over the past decade, Democrats have a more positive image of socialism than they do of capitalism. Attitudes toward socialism among Democrats have not changed materially since 2010, with 57% today having a positive view. The major change among Democrats has been a less upbeat attitude toward capitalism, dropping to 47% positive this year—lower than in any of the three previous measures.”
Recep Tayyip Erdogan, now the President for life of the Republic of Turkey, has been throughout his illustrious political career a hypocrite and an Islamic fundamentalist par excellence. Elected mayor of Istanbul in 1994 as a member of the then Welfare Party, he declared: “The mosques are our barracks, the domes are our helmets, the minarets our bayonets, and the faithful our soldiers.” Sentenced to ten months in prison and barred from politics until 2003, he became Prime Minister in the same year. Meanwhile, in 2001, he co-founded the Justice and Development Party (in Turkish: Adalet ve Kalkınma Partisi). During his first decade as Prime Minister, Erdogan reformed his country economically and laid the foundation for Turkey to become a strong regional power. The Justice and Development Party dominated Parliament passed five reform packages in order to comply with European Union legislation. During his prime ministership between 2003 and 2014, Turkey experienced an average annual growth rate of 7.5%. Foreign investment in Turkey increased from $1.2 billion in 2003, to $20 billion in 2014. He also replaced the old lira with a new lira that until recently held its value. Continue reading
By Nolan Finley • The Detroit News
Our feelings are hurt in the news media. The president of the United States is calling us the Enemy of the People and we don’t like it.
So across the nation today, newspapers are publishing editorials telling Donald Trump, “We are not, you are!” and reminding readers of our own importance.
Let me join them: The free press is not the people’s enemy. It is a vital pillar of our democracy and was assigned by the Founders the role of watch-dogging the nation’s institutions. It’s a mission we usually carry out quite well, even in this era of technological disruptions, changing consumer tastes and eroding resources.
But who really cares if Donald Trump is using us as a whipping boy to mask his many deficiencies? Presidents have done that before, and often.
Trump may be Continue reading
By Patrick Tucker • Defense One
LAS VEGAS — The Russian military is inside hundreds of thousands of routers owned by Americans and others around the world, a top U.S. cybersecurity official said on Friday. The presence of Russian malware on the routers, first revealed in May, could enable the Kremlin to steal individuals’ data or enlist their devices in a massive attack intended to disrupt global economic activity or target institutions.
On May 27, Justice Department officials asked Americans to reboot their routers to stop the attack. Afterwards, the world largely forgot about it. That’s a mistake, said Rob Joyce, senior advisor to the director of the National Security Agency and the former White House cybersecurity coordinator.
“The Russian malware is still there,” said Joyce.
On May 8, cybersecurity company Talos observed a spike in mostly Ukrainian victims of a new malware attack. Dubbed VPN Filter, the malware used code similar to the BlackEnergy tool that Russian forces have used (in modified form) to attack Ukrainian infrastructure. The U.S. intelligence community believes the culprits are the hackers known as APT 28 or Fancy Bear, Russian military operatives who were behind information attacks against Continue reading
By Terry Jones • Investor’s Business Daily
Cutting Rules: Baseball season is winding down and, as it does, so is another grueling annual event: The U.S. government’s fiscal year. But this year, with just two months to go, something remarkable is happening: Regulations are being slashed at a record rate.
A new report by the American Action Forum (AAF) says that not only is President Trump meeting his deregulation goals, he’s exceeding them — in some cases, by a large amount.
“Collectively, executive agencies subject to regulatory budget remain on pace to double the administration’s overall saving goal,” wrote the AAF’s Dan Bosch. “On an individual basis, 12 of 22 agencies have already met or surpassed their savings target.”
“The Department of Labor enjoys the largest total savings of covered agencies with $417.2 million,” Bosch wrote. “The Department of Health and Human Services comes in second in savings … at Continue reading
Historically, most illusions have existed to disappoint. Western illusions that economic development and increased prosperity would somehow liberalize both politics and the economy in the People’s Republic of China have not fared better. The Sino-optimist in chief President Clinton envisioned in one of his frequent speeches that free enterprise would result in political freedom in the post-Mao China. Wexing almost poetic he predicted that the people “will demand a greater say.” His successor President George W. Bush also opined that China’s WTO entry would bring political benefits by enhancing “more open contacts with the world of freedom.” Not to left behind, self-described “citizen of the world” President Obama saw his mission in delivering rousing speeches about the burgeoning friendship between the two countries without ever developing a coherent China policy.
Initially, the optimism of successive American presidents appeared to be warranted. Mao Zedong, the incorrigible visionary with his belief in world revolution against Western domination and with his disastrous economic and social policies was replaced at the end of the 1970s by the cat and mouse pragmatist Deng Xiaoping. Having encouraged more economic freedom for a starter to his reforms, Deng had to quickly realize the potential political threats to the monopoly of Communist Party of China in the shape of the 1989 Tiananmen Square protests. He died a disappointed and embittered man, for his reforms failed to change iota the unworkable and rigid political system. After his death, he was followed by two faceless party bureaucrats, Jiang Zemin and Hu Jintao. Their policies consisted of protecting the monopoly of the party, while taking advantage of China’s low cost manufacturing capabilities.
Socialism: Since the Democratic Party took a turn for the worse toward so-called democratic socialism, the party’s leading lights have laid the promises on pretty thick. Free Medicare for all! Guaranteed income! Guaranteed jobs! Subsidized housing! Free college! Universal pre-school! Wow, and all for free.
Well, not exactly. In a devastating piece that appeared on the left-of-center web site Vox (to its credit), Manhattan Institute fellow Brian Riedl went through the simple math of what free actually costs. It’s a lot.
It’s not just the free aspect, but the fact that the democratic socialists have made so many promises that must be paid for that will make it so tough to swallow for most voters.
Riedl looked at the 10-year costs of all the various promises made by Bernie Sanders, Alexandria Ocasio-Cortez, and other self-described democratic socialists. He was as generous as could be in his estimates, often accepting the democratic socialists’ cost estimate even when it was patently and absurdly too low. It’s quite a laundry-list of promises with enormous costs: “Free college” ($807 billion); Social Security expansion ($188 billion); single-payer health care ($32 trillion); guaranteed jobs at $15 per hour plus benefits ($6.8 trillion); infrastructure ($1 trillion); student loan debt forgiveness ($1.4 trillion).
As it is, current federal estimates expect Continue reading