Commentary Recession odds have climbed considerably since Jerome Powell’s testimony before Congress and the latest FOMC meeting. However, the recent failures of Silicon Valley Bank (SVB) and Credit Suisse (CS), as higher rates impact regional bank liquidity, also added to the risks. This isn’t the first time we have warned the aggressive rate hiking campaign…
Chinese Media Claim Hong Kong is a Safe Place to Invest Amid Global Banking Crisis, Expert Disagrees
News Analysis Amid low investor confidence due to recent bank failures in the United States and Switzerland, Chinese state-owned media reported that many wealthy American and Swiss investors closed their onshore accounts and rushed to move their funds to Hong Kong. Financial analysts suggest that Hong Kong remains “an unsafe place” for asset holding and…
The Culture of Europe
The culture of Europe is culture. The culture of America is business. This year, the Vienna Philharmonic performed in Berkeley’s Zellerbach Auditorium. Characteristic of the world’s great orchestras, the musicians and conductor were absolutely absorbed in the music—as if they, on the spot, were composing the music. Their performance of Anton Bruckner’s Symphony No. 8…
Kindergarten and School-Aged Pupil Enrolments Drop Sharply Amid China’s Decline in Births
April 1, 2023
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AnalysisChinaChinese Regimeelementary schoolone-child policyOpinionPreschoolSocial Issuesthree-child policytwo-child policy
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News Analysis China’s kindergartens and elementary schools have seen student numbers decreasing dramatically following the year-by-year shrinking of China’s birth rate. The trend is expected to intensify and extend to higher grades in middle schools and colleges in the upcoming years. On March 23, the Ministry of Education said in a press conference that in…
Why Was Australia Allowed to Impose Such Draconian COVID-19 Restrictions?
Commentary The view that COVID-19 lockdowns were draconian and often tyrannical is gaining strength throughout the world. For example, Human Rights Watch has accused the UK government of setting aside “human rights for the sake of political expediency” and excoriates it for its “worrying disdain for the rule of law.” In Italy, authors Piero Stanig…
Trump’s Indictment Took the Nashville Murders Off the Front Page
Commentary NASHVILLE—Not much more than 48 hours before the news of the indictment dropped, Politico—a media outlet that makes its reputation by having the “inside dope”—was telling us that a grand jury indictment of former President Donald Trump had been pushed off for a month at least. Their Erica Orden wrote on March 27: “The…
Tom Flanagan: Indigenous Programs and Payouts Help Drive Federal Deficits
Commentary When Finance Minister Chrystia Freeland presented the federal budget, the most obvious fact was the size of the deficit. It came in at $40.1 billion, after having been forecast at “only” $30.6 billion in the fall economic update less than six months ago. What caused the deficit to shoot up $9.5 billion in such…
The Wealthy Are Getting Their Cash Out of China
March 31, 2023
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Business & MarketsBusiness Columnistscapital outflowsFDIforeign companiesforeign direct investmentOpinionThinking About China
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Commentary For three years during COVID-19, money flowed into China while almost none flowed out. Now, the trend is reversing. Between 2014 and 2019, China experienced net capital outflows—meaning more money flowed out of the country than in. But beginning in 2020, with COVID travel restrictions and ratcheting control exerted by Chinese leader Xi Jinping,…
The Big DEI Gulf on Campus: It’s Much More Than He Said/Ze Said
The fight over academic freedom on campus increasingly comes down to a fight over three letters—DEI—which goes a long way to explaining the fissures now tearing higher education apart. For progressives committed to social justice advocacy, academic freedom must shield the prevailing academic consensus on race and gender from outside political pressure. Nowhere is that…
Is the Counter-University Movement Any Match for the DEI Juggernaut?
March 31, 2023
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AnalysisdeidiversityeducationEducation & Family NewsequityinclusionindoctrinationOpinionStop W.O.K.E. ActUS
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A group of intellectual mavericks made splashy headlines in 2021 when they announced plans to launch a new university in Texas called the University of Austin. Backed by a gallery of celebrity intellectuals—its trustees and directors include former Harvard president Larry Summers, Brown University economist Glenn Loury, former ACLU President Nadine Strossen, civil rights leader and…
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