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Pete Peterson Meets St. Peter

Name, Please? Peter G. Peterson. And what makes you think you deserve admission to the Pearly Gates? I’ve led a virtuous life, made billions, and gave most of it to charity. What sort of charity? Well, I gave over $1 billion to create the Peter G. Peterson Foundation, to warn Americans about the dangers of […]

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They’re gunning for Nancy Pelosi again

Democratic candidates in swing districts—even a few in solidly blue districts—are suggesting they might prefer a new and different leader in the House. Since the early 2000s, Republicans have been running against Pelosi, in classic Republican style, by alleging she’s the personification of coastal elitism. The charges have been leveled so many times, much as […]

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Odd Couple

Odd Couple. The pattern of Russian lying, in this case to deny any involvement in the murder of a former Russian double agent in Britain, sounds faintly familiar. The British government has identified the weapon as a military-grade nerve agent called Novichok, a compound made only in Russia. On Sunday, Putin called the claim “total […]

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On TAP for March 14, 2018

Tom Friedman and the Reality Club. It was only a matter of time before reality hit Tom Friedman over the head. Or did it? After a long, long delay—decades actually—Friedman’s Wednesday column in the Times concedes that he might have been wrong about China moving to join the ranks of market democracies. His title is, […]

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The business press is agog

…over President Trump’s decision to stop the proposed purchase of computer chip manufacturer Qualcomm by Singapore-based Broadcom in the name of national security. Critics have termed the decision radical, and highlighted two ways in which it departs from the precedents set by the government’s Committee on Foreign Investment in the United States (CFIUS). First, the […]

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Spinning the Pennsylvania House Race

The special election to fill a vacant House seat is Tuesday, and polls show the race in a dead heat. A loss, or even a near-miss would be devastating to Republicans, since Trump carried the longtime GOP seat by about 20 points. A Democratic pickup would portend major Democratic gains November. The district, in greater […]

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Spare Us the Ghosts of Smoot and Hawley!

One of the enduring myths of American economic history is that the Smoot-Hawley tariff of 1930 deepened the Great Depression. Here’s James B. Stewart in Friday’s New York Times. After Smoot-Hawley was passed, Stewart solemnly warns, other nations retaliated and exports “plunged 61 percent from 1929 to 1933. … [T]he ensuing trade war exacerbated and […]

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The stunning success of the West Virginia teachers’ strike

—winning a 5 percent raise not only for themselves but for all the state’s public employees—suggests that in labor relations, as in everything else, the nation is moving, with accelerating speed, in opposite directions. As the five Republican justices on the Supreme Court are poised to weaken public-sector unions with their forthcoming decision in the […]

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