Editors note: Very good news. Wage gains are rising the most in lower-paying industries, and without a $15 minimum mandate. [Andy Puzder | June 13, 2019 | WSJ] With the Democratic presidential campaign under way, get ready to hear a lot about economic inequality. Sen. Elizabeth Warren, who’s surging in the polls, has complained about…
Editor’s note: Sanctions and tariffs work. HONG KONG (Reuters) – China’s Huawei Technologies Co Ltd has taken a harder-than-expected hit from a U.S. ban, the company’s founder and CEO Ren Zhengfei said, and slashed revenue expectations for the year. [Sijia Jiang | June 17, 2019 | Reuters] Ren’s downbeat assessment that the ban will hit…
Editor’s note: Rob Scott authors an important piece in the NY Times supporting CPA’s, and others, efforts to realign the dollar to balance trade. Ms. Warren and Donald Trump agree on at least one thing: America’s currency problems are hurting workers. [Robert E. Scott | June 16, 2019 | The NY Times] Elizabeth Warren released…
Editors note: The US is decoupling from China. The rest of the world is beginning to follow. In its heyday, Samsung’s complex in Huizhou in the northern part of the Pearl River Delta was the South Korean company’s largest Chinese factory, producing one in five smartphones sold in China in 2011. [He Huifeng | June…
Editors note: Spencer Morrison destroys the intellectual edifice of free trade theory. Classical Economics & Free Trade Depend on 3 Invalid Presumptions—Now What? [Spencer Morrison | November 30, 2017 | National Economics Editorial] The era of economic surrender is over, and the rebirth of American industry has begun. ~President Donald J Trump (2017) President Trump…
