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WONK ROUND-UP. Because your day was just too interesting:
- John Edwards proposes a new counter-terrorism strategy based on massive heaps of multilateralism. "As president," he says, "I will launch a comprehensive new counterterrorism policy that will be defined by two principles—strength and cooperation. The centerpiece of this policy will be a new multilateral organization called the Counterterrorism and Intelligence Treaty Organization (CITO). CITO will allow members to voluntarily share financial, police, customs and immigration intelligence. Together, nations will be able to track the way terrorists travel, communicate, recruit, train, and finance their operations. And they will be able to take action, through international teams of intelligence and national security professionals who will launch targeted missions to root out and shut down terrorist cells. The new organization will also create a historic new coalition." Read all about it.
- Brooking's Ron Haskin examines economic mobility among immigrants. Turns out it's pretty high, particularly given the low education levels of many migrants. First-generation Mexican immigrants, for instance, had wages that were 34 percent lower than the average wage. By the second generation, the difference was down to 14.7% -- an 18.1% improvement. Meanwhile, immigrants from industrialized countries tend to actually lose money in the second-generation...
- CAP's all-star team of Iraq specialists offers a better way forward than anything likely to be in the Petraeus Report. They call it a "Strategic Reset," they'd have us out within a year and redirecting those resources to projects likely to actually make us safer.
- Jason Furman explains the effectsof the Bush tax cuts on after-tax incomes. Summary: If you're not rich, you're screwed. Even under assumptions favorable to the tax cuts, an astounding 74 percent of Americans are left worse off. On the bright side, the rich do get richer, thus satisfying what appears to be the driving imperative of American economic policy-making.
