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There are four main issues with President Joe Biden’s executive order forgiving a portion of the nation’s student loan debt: its constitutionality, its moral hazard, its cost, and the limited breadth of its benefits by comparison. Nothing of the sort that would make a person question whether it’s a good plan, right? It’s not a good plan. It’s a plan that means well. It puts a bandage on fundamental problems that it doesn’t address. Biden’s promise is to cancel up to $10,000 in federal student loans for those who still owe...
In the end, it wasn’t one scandal that brought down Boris Johnson. It was a series. While each transgression was unique, they shared this truth: The British prime minister is a liar. The weight of the untruths finally became too much even for Conservative parliamentarians. In recent days about 50, from closely allied Cabinet secretaries to ministers and lower-level officials, resigned with refrains that the serial mistruths on matters political and personal made Johnson’s continued tenure untenable. Johnson, true to for...
“Strategic ambiguity” is what U.S. diplomats call America’s policy on Taiwan and China. The strategy is to keep the peace by maintaining ambiguity over the degree the U.S. would go to defend Taiwan from a Chinese invasion. To date, that intentional vagueness has met its objective of keeping Taiwan from declaring formal independence, which would incense China, and from China invading what it considers a renegade province. Last week, however, President Joe Biden was unambiguous about U.S. policy. During a stop in Japan, Biden...
Nearly every major medical organization has warned against self-medicating with ivermectin, a deworming drug with both veterinary and human medical uses, to treat COVID-19. Nevertheless, there remains a persistent belief, particularly on social media, in this drug’s curative properties. Credible medical research does not currently support a benefit. But if you’re still thinking about giving it a try, please consider a far safer alternative: enrolling in a clinical trial evaluating the effectiveness of ivermectin against the...
MINNEAPOLIS — Jurors convicted former Minneapolis police officer Derek Chauvin on Tuesday of all the counts filed against him — second-degree unintentional murder, third-degree murder and second-degree manslaughter — in the killing of George Floyd, who died after being pinned under his knee for more than nine minutes last May. Chauvin looked stern and glanced around the courtroom as the verdicts were removed from an envelope and read by Judge Peter Cahill. The fired police off...
There’s a gold rush going on in the financial markets. It features everyday underdogs getting their due and bigwig “bad guys” recoiling from their comeuppance. It’s accompanied by online flame wars and some of the dumbest displays of dominance in the animal kingdom. In short, it’s an American phenomenon. And it’s all fun and games until someone gets hurt. But it’s not new. And it’s not necessarily a problem. At the center of things has been GameStop, a 25-year-old company with a washed-up retailing strategy. It sells video...
On March 18, Russia will hold a presidential election. It will not be a cliffhanger. Rather, Vladimir Putin will be re-elected to his fourth presidential term (with a break after his first two terms during which he served as prime minister, because of term limits). If he finishes his next term in 2024, Putin would be his nation’s longest-lasting leader since Josef Stalin. Stalin didn’t bother to feign democracy. Putin does, but it’s just campaign Kabuki, especially since the most legitimate opposition figure, Alexei Naval...