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Some for-profit colleges have been criticized for high student debt, student recruitment tactics, and lackluster labor outcomes. On the other hand, the for-profit sector is responsible for important innovations in higher education, such as online classes and responding faster to labor market demands. In this episode of The Report Card – the AEI education podcast – host Nat Malkus brings Andy Rosen to discuss the for-profit sector, criticisms against it, and what it can teach other higher education institutions. Subscribe to the Report Card with Nat Malkus on Apple Podcasts. Read More >>
Thu, Apr 18, 2019
Source: Marc Thiessen Category: MARC THIESSEN
Countries often seek the International Monetary Fund's (IMF's) financial support with the same enthusiasm that patients seek radical treatment from their oncologist. However, like a critically ill patient who has little option but to seek his physician's help, the depth of Turkey's economic crisis leaves that country with little real alternative but to go to the IMF for financial assistance. Sadly, President Recep Tayyip Erdogan seems to be in complete denial about the gravity of his country's economic plight, and he shows no sign of being ready to come to political terms with the United States to facilitate a successful approach to Read More >>
Thu, Apr 18, 2019
Source: Marc Thiessen Category: MARC THIESSEN
Is the Trump corporate tax cut working? Is it increasing wages and investment? This debate has raged ever since the corporate cuts were adopted in December 2017. Unfortunately, these questions have mostly provoked confusion over how the tax law is supposed to work. Corporate public-relations departments didn't help. When the tight labor market led businesses to issue one-time employee bonus payments in late 2017 and 2018, many PR executives decided to credit the tax cuts, adding fuel to supporters' misguided arguments. Read More For their part, opponents of the law have also brought little light to our understanding of the law, while adding much Read More >>
Thu, Apr 18, 2019
Source: Marc Thiessen Category: MARC THIESSEN
Ryszard Legutko, a distinguished Catholic philosopher from Poland, was supposed to give a lecture at Middlebury College yesterday. The lecture was cosponsored by the college's political science department and Rohatyn Center for Global Affairs. The lecture's title was “The Demon in Democracy: Totalitarian Temptations in Free Societies.” Middlebury College. @lns1122, Flickr (CC-BY-2.0). Yesterday, Middlebury's President Laurie Patton canceled the lecture, thereby demonstrating that Prof. Legutko may be onto something. The reason: The college could not guarantee the safety of the speaker and others participating in the event. Yes, it could have. All President Patton had to do was issue the following announcement Read More >>
Thu, Apr 18, 2019
Source: Marc Thiessen Category: MARC THIESSEN
That Sen. Bernie Sanders (I-Vt.) went on Fox News for a town hall Monday night was controversial among Democrats. As Sanders told hosts Bret Baier and Martha MacCallum, “Not everybody thought I should come on this show. Your network does not necessarily have great respect in my world, but I thought it was important for me to be here and have a serious discussion about serious issues.” What Sanders painted as a magnanimous gesture was really a calculated move to boost his presidential prospects: He needs Fox viewers to win the White House. According to the massive Cooperative Congressional Election Study, about Read More >>
Wed, Apr 17, 2019
Source: Marc Thiessen Category: MARC THIESSEN
Since March, Pakistan's Prime Minister Imran Khan has been focused on oil and gas. An ExxonMobil-led consortium is in the final stages of an offshore drilling project in the Arabian Sea, and Khan thinks that Pakistan may soon hit the “jackpot.” But if he is serious about addressing the rot at Pakistan's core, the platform on which voters elected him, an oil discovery could be a tragedy. Pakistan needs drastic and systemic reform. An oil bonanza will enable the government to postpone needed fixes indefinitely, leaving Pakistan yet another victim of the resource curse. For all of Khan's flaws, he has Read More >>
Wed, Apr 17, 2019
Source: Marc Thiessen Category: MARC THIESSEN
It is clear that President Donald Trump's administration is not concerned with whether the US will have enough ammunition left to fight the next economic recession. Had it looked into this basic question, it would not now be leaning so hard on the Federal Reserve to cut interest rates and to engage in yet another round of quantitative easing at a time when the US least needs a monetary policy boost. The unemployment rate is the lowest in decades and interest rates are at historically low levels. Equally, over the past decade the Fed's balance sheet has bloated to $4tn, distorting Read More >>
Wed, Apr 17, 2019
Source: Marc Thiessen Category: MARC THIESSEN
As we have written before, there is a competition of ideas brewing among Republicans on ways that families could pay for time taken off during parental leave. For millions of families around the country this is good news and a major change from where the debate was just a few years ago. Via Twenty20. The latest proposal is from Congressman Andy Biggs, who has introduced the Freedom for Families Act bill would allow families to use money in their Health Savings Account to meet expenses incurred during the birth or adoption of a child, or for a family illness. It would raise Read More >>
Wed, Apr 17, 2019
Source: Marc Thiessen Category: MARC THIESSEN
AEI5 questions for Benedict Evans on AI, self-driving cars, and 5G Should we be so pessimistic about the role of technology in our lives? Has 5G been overhyped? And when will autonomous cars be a reality for consumers? On this episode, Andreessen Horowitz's Benedict Evans discusses why we respond the way we do to technological change and where the tech industry is taking us next. Benedict Evans is a partner at the Silicon Valley venture capital firm Andreessen Horowitz (‘a16z') and also runs a popular email newsletter. What follows is a brief excerpt from our conversation. You can read the full transcript Read More >>
Wed, Apr 17, 2019
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
Say what you will about progressive proposals to forgive all student debt or provide free college, at least we know what they intend to accomplish. Contrast that with the bill that Senator Jeff Merkley (D-OR) and Representative Rosa DeLauro (D-CT) reintroduced earlier this month, the Affordable Loans for Any Student Act. If enacted, the bill would make student loan forgiveness routine, even for borrowers with the means to repay. But you wouldn't know this from reading the press releases or endorsements from advocacy groups. There's no mention of a big expansion in loan forgiveness. The source of this hidden loan forgiveness is an Read More >>
Tue, Apr 16, 2019
Source: Marc Thiessen Category: MARC THIESSEN
AEIIs US innovation getting stuck in a thicket of patents? If technology is advancing crazy fast, why aren't those advances showing up in the broader productivity and economic growth numbers? Or as economists Erik Brynjolfsson, Daniel Rock, and Chad Syverson describe this mystery in their 2017 paper “Artificial Intelligence and the Modern Productivity Paradox: A Clash of Expectations and Statistics:” “Systems using artificial intelligence match or surpass human-level performance in more and more domains, leveraging rapid advances in other technologies, and driving soaring stock prices. Yet measured productivity growth has declined by half over the past decade, and real income has Read More >>
Tue, Apr 16, 2019
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
Remember the “Little Entente,” maintained by Czechoslovakia, Romania, and Yugoslavia during the interwar period? The regional alliance was created under French auspices and its initial goals included preventing the reemergence of a greater Austria and Hungary and defending Eastern Europe against the threat of Soviet communism and later of German Nazism. As late as in the mid-1930s, some in the region were still putting their faith in the arrangement. Yet, if “Little Entente” made sense at the time of its creation, fifteen years later it was apparent that all three actors were hopelessly insignificant in military terms. And also, their interests Read More >>
Tue, Apr 16, 2019
Source: Marc Thiessen Category: MARC THIESSEN
how America can win the tech war against china
AEIThe internal contradictions of the Trump trade policy Again, what problem is America's trade conflict with China trying to solve? President Trump is a trade-deficit obsessive, but even substantial progress in eliminating the bilateral US-China trade gap is unlikely to alter the overall US trade deficit. (That imbalance is driven by US domestic macroeconomic policy, not dumb trade deals.) President Donald Trump takes part in a welcoming ceremony with China's President Xi Jinping at the Great Hall of the People in Beijing, China, November 9, 2017. Reuters. What's more, pushing Beijing to agree to import more US products is, in effect, demanding more Read More >>
Tue, Apr 16, 2019
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEI5 questions for Claude Barfield on 5G, Huawei, and national security Does allowing Huawei to build Europe's 5G network pose a threat to international security? And to what lengths should the US go to help Huawei's European competitors? On this episode, AEI's Claude Barfield discusses the race to build the world's 5G backbone and how the Trump administration should police Chinese intellectual property theft. Claude Barfield is a resident scholar at AEI and a former consultant to the office of the US Trade Representative. He has written extensively about 5G, China, and Huawei. What follows is a brief excerpt from our conversation. Read More >>
Tue, Apr 16, 2019
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
President Donald Trump holds a news conference
AEIThe Trump tax cuts, considered There are different ways to judge the Tax Cuts and Jobs Act, also known as the Trump tax cuts. (Or #TaxScam to many Democrat on social media.) Politically the law is unpopular with 49% disapproving and 40% approving, according to Gallup. While its popularity jumped in the first few months after passage in December 2017, approval ratings have been pretty steady since then. President Donald Trump holds a news conference to mark six months since the passage of the Tax Cuts and Jobs Act, in the White House East Room in Washington, June 29, 2018. Reuters One possible Read More >>
Mon, Apr 15, 2019
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEIWhere is the tech industry taking us next? A long-read Q&A with Benedict Evans Should we be so pessimistic about the role of technology in our lives? Has 5G been overhyped? And when will autonomous cars be a reality for consumers? On this episode, Andreessen Horowitz's Benedict Evans discusses why we respond the way we do to technological change and where the tech industry is taking us next. Benedict Evans is a partner at the Silicon Valley venture capital firm Andreessen Horowitz (‘a16z') and also runs a popular email newsletter. What follows is a lightly edited transcript of our conversation. You can Read More >>
Mon, Apr 15, 2019
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEIPete Buttigieg and the ‘Reagan consensus' Democratic presidential candidate Pete Buttigieg, mayor of South Bend, Indiana, said some confusing things — or at least some things that confused me — in an interview with CNBC reporter John Harwood. Here is part of their exchange: Buttigieg: … The economy is not some creature that just lumbers along on its own. It's an interaction between private sector and public sector. And public sector policies, for basically as long as I've been alive, have been skewed in a direction that's increasing inequality. And a lot of this is the consequence of what you might call Read More >>
Fri, Apr 12, 2019
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEIEven the anecdotal evidence of Big Tech's anti-conservative bias isn't super compelling Sen. Ted Cruz led off Monday's congressional hearing on Big Tech's supposed anti-conservative bias with a humble concession: “I will note much of the argument in this topic is anecdotal. It's based on one example or another example.” And the reason for that, Cruz continued, is insufficient transparency by Google, Facebook, and Twitter. “Nobody knows what the raw data is in terms of bias,” he added. Senator Ted Cruz (R-TX) shows a board before a Senate Judiciary Constitution Subcommittee hearing titled “Stifling Free Speech: Technological Censorship and the Public Discourse.” Read More >>
Thu, Apr 11, 2019
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEIAmerica needs more immigrants — of all kinds Openness to immigration has helped make America great. And it's hard to see how less immigration helps keep America great or confront major national challenges. For instance, Baby Boomer aging and retirement means the US economy is “entering an era in which it will need far more workers than the US-born population can provide” to both “replace them and care for them,” according to AEI scholars Pia Orrenius and Madeline Zavodny in a recent analysis. There is a strong case that we are going to need more low-skilled workers as the economy creates Read More >>
Wed, Apr 10, 2019
Source: James Pethokoukis Category: JAMES PETHOKOUKIS
AEIHuawei and the battle to build the 5G backbone: A long-read Q&A with Claude Barfield Does allowing Huawei to build Europe's 5G network pose a threat to international security? And to what lengths should the US go to help Huawei's European competitors? On this episode, AEI's Claude Barfield discusses the race to build the world's 5G backbone and how the Trump administration should police Chinese intellectual property theft. Claude Barfield is a resident scholar at AEI and a former consultant to the office of the US Trade Representative. He has written extensively about 5G, China, and Huawei. What follows is a lightly Read More >>
Wed, Apr 10, 2019
Source: James Pethokoukis Category: JAMES PETHOKOUKIS