$19 billion? $8 billion? A few hundred million? Estimates are all over the map regarding the European Commission’s imminent decision on whether Apple received illegal, unnotified state aid (subsidies) from Ireland. As I mentioned two years ago, two factors go into the Commission’s claim: Ireland’s creation of a corporate entity that is taxable nowhere, and […]

I don’t want to compare myself to other people [in contention for the job], but I will tell you I’ve spoken with so many groups and I’ve represented those folks as a small-town lawyer, as a small-town mayor, as a state senator, then representing the state. I understand those folks and their struggles,” [Agriculture Secretary […]

by Mike Kimel Interactions Between Black People and the Police A lot of Americans want the police reigned in, particularly when it comes to their interactions with Black people. Black people are more likely to be stopped by police than people of other ethnicities, and sometimes those stops end badly. My take on this issue […]

“It was a little cocker spaniel dog… and our little girl—Tricia, the 6-year-old—named it Checkers.” 

As a recovery gets underway after a recession, wouldn’t it be nice to have an equation that would forecast the peak of the profit rate cycle? Well, below is one. Profits are a function of labor share. If labor share rises, the profit rate will decline. Profits are also a function of optimizing the utilization […]

Sen. Elizabeth Warren (D-Mass.) was spotted being dropped off at Clinton’s home and remained there for about an hour, according to CNN and NBC News. A person familiar with that meeting confirmed that Warren did meet with Clinton. The same networks reported that Clinton also met at her home with Colorado Gov. John Hickenlooper, whose name has been […]

An open letter to John Cochrane and Jennifer Rubin Dear John Cochrane and Jennifer Rubin, I read with interest your column, Jennifer, which led me to your chapter, John, in Blueprint for America on trade and immigration. I have studied the history of the lump-of-labor fallacy claim for nearly 20 years and have have published several […]

[New British Prime Minister Theresa] May — who campaigned for “remain” in last month’s E.U. referendum — had vowed to unify her bitterly divided party by appointing “leave” and “remain” advocates alike to top posts. She has made good on that pledge. But she also chosen to banish Gove and others who had been critical […]