The One Certain Victor in the Pandemic War

The One Certain Victor in the Pandemic War

Now, standing patiently in line for their bailouts, are the states — and America’s cities and counties. These governmental units are virtually all certain to face falling tax revenue and expanded social demands, leading to exploding deficits. Their case: You bailed out the businesses and the hospitals. What about us? …

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How Trump's Presidency Will Be Judged

How Trump’s Presidency Will Be Judged

On many issues — naming Scalia-like judges and backing Reagan-like tax cuts — President Trump is a conventional Republican. Where he was exceptional in 2016, where he stood out starkly from his GOP rivals, where he won decisive states like Pennsylvania, was on his uniquely Trumpian agenda to put America …

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Obama in a Dream World

At the G-8 summit in Deauville, France, the news was dramatic, delivered by Nicolas Sarkozy of France and Barack Obama. To sustain the Arab Spring, America, Europe and Japan will provide $40 billion in fresh foreign aid for Arab nations that take the democratic path. The $40 billion breaks down …

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Bretton Woods II — No Way

“Laissez-faire is finished, the all-powerful market that is always right, that’s finished,” said Nicholas Sarkozy, speaking ex cathedra, last month. As a result, said the diminutive French president, it is “necessary to rebuild the entire global financial and monetary system from the bottom up, the way it was done at …

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The Rise of Sovereignty Fears

History Knows Where It’s Going”, exulted the April 15 full-page ad in the New York Times. Dates and names preceded: “1944, Bretton Woods: The IMF and the World Bank.” “1945, San Francisco: The United Nations.” “1994, Marrakech: The World Trade Organization.” Marrakech had just given birth, said the ad, to …

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