The China-US Trade Deal: Phase 1

The US and China just signed phase 1 of a trade deal. It is not the colossal victory the Trump administration hoped for, but it is definite progress. Here are the major components of the deal: China committed to increase purchases of US goods by $200 billion over the next two years, including $32 billion […]

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Huawei hasn’t gone away

The US case against Huawei is as serious as ever. The tech company’s close ties to the Chinese government have created a national security threat. Andy Purdy, Huawei’s Chief Security Officer, is charged with defending the company’s integrity during the crisis. Earlier this year, Fox Business’ Maria Bartiromo picked him apart in a lengthy interview, […]

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The NBA’s China Debacle

In early June 2019, 240,000 Hong Kong residents took to the streets to peacefully protest proposed legislation that would permit its citizens to be extradited to mainland China for trial. The bill in question was later withdrawn, but the demonstrations expanded into a protest against police brutality and oppression from Beijing. On October 4, Daryl […]

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More on Student Debt

In my last post, I criticized student debt forgiveness proposals from Democrats seeking their party’s nomination for president. Even if you argue that government should subsidize the cost of college, repaying debt incurred by students in the past is a totally different issue. There are obvious problems with debt forgiveness schemes, but I will list […]

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Sanders and Warren on Student Debt

About 44 million Americans owe a collective $1.5 trillion in college debt. If elected, Elizabeth Warren and Bernie Sanders propose to end it. Other Democrats have made similar claims. To be fair, I sympathize with students who overextended themselves with debt, expected a job they didn’t get, and are now obligated to pay it back. […]

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Update on the US-China Trade War

The trade war with China is escalating. The most recent concern is what the Trump administration accurately calls “currency manipulation.” Major world currencies like the US dollar, the euro, the Japanese yen, and the British pound are actively traded; the rates of exchange among these currencies are determined predominantly by market forces (traders). But the […]

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Equal Pay for Women’s Soccer

As we celebrate the success of the US women’s soccer team, attention has turned to the lawsuit demanding equal compensation for male and female players. Winning the World Cup seems to bolster the claim, but there’s more to the issue than just “equal pay.” Compensation in any job is based primarily on someone else’s willingness […]

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The rise of cryptocurrency

The value of a bitcoin peaked at $20,000 in 2018, dropped below $5,000 earlier this year, and just rose above $10,000 again. Amateur and professional speculators have attempted to profit from its volatility. If you are interested in technical explanations or “investing” in bitcoin, there is a lot of information available online. I am not […]

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The Argument for Tariffs on Mexico

President Trump surprised just about everyone when he threatened to tariff Mexican imports at a rate reaching 25% by October unless they do more to halt the flow of illegal immigrants. The President was criticized harshly and immediately by leaders of both parties. The US Chamber of Commerce even threatened legal action to block the […]

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