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opinion
The Connection Between China’s Stock Market Collapse and Its Past Spectacular Growth
In mid-June, China’s Shanghai Composite Index was up a dazzling 60 percent since the beginning of the year. It was the highest level in more than six years. Some took it as a sign that the recent weakness in China’s economy would be short-lived. Yet it is only a little more than two months later,… -
opinion
The Fed Shouldn’t Pay Attention to Short-Term Changes in Stock Market
Back in grad school (not all that long ago), we pondered whether a central bank should target equity (or other asset) prices to conduct monetary policy. In theory, as the value of consumers’ stock portfolios rises, they will spend more, because they are wealthier. It turned out, though, that the empirical link among monetary policy,… -
opinion
Three Things Americans Should Know About the Stock Market Turmoil
It’s too early to know if the stock market drop is just one of the periodic corrections by which the market reallocates capital to more profitable uses, or the start of a more dramatic contraction signaling a long-term decline. In any case, if the roller coaster ride of the last few days goes on much… -
opinion
How US Should Respond to China’s Stock Market Collapse
To give perspective, China is the world’s second largest economy, as well as the second largest importer. It is the largest trading nation for 75 countries and is by far the largest importer of commodities in the world. Over the past seven years, China has accounted for an incredible one-third of global growth. But its… -
news
China’s Economic Woes Jolt Global Stock Markets
U.S. stock markets plummeted Monday, furthering a global market decline that has eliminated nearly $10 trillion from international shares as concerns grow over China’s economic health. The Dow Jones industrial average plunged more than 1,000 points soon after trading began, continuing losses from last week that marked the worst for U.S. stocks in four years…. -
opinion
Why The Chinese Stock Market Continues to Unravel
As the Chinese stock market unravels, liberal economists are eating their words on the supposed benefits of heavy government intervention in the financial sector. On Monday, the Shanghai stock index declined by 8.5 percent, the largest single-day drop in 8 years. Before this point, the government had already taken extraordinary steps to further preserve the… -
opinion
Why I’d Never Invest in the Chinese Stock Market (And It’s Not Just Because of the New Decline)
From the summer of 2009 through 2012, I was an American economist living in Beijing. Although an avid stock investor, I have never once owned a Chinese listed company. Let me tell you why. Traditionally, Chinese households have had (basically) two places to put their savings: the banking system and residential real estate. With housing… -
news
In 60 Seconds, Michele Bachmann Reveals the Most Consequential Vote of Her Time in Congress
After eight years in the House of Representatives, the “most consequential” vote of Minnesota Rep. Michele Bachmann’s career turned out to be the last one she cast. “What we saw last night was a denial of our Constitution,” @MicheleBachmann on the #CRomnibus Speaking with CNN’s Wolf Blitzer today, Bachmann, a Republican, reflected on her six… -
news
17 Great Photos You Might Have Missed This Week
From a giant government bill to royalty — here's a quick recap of this week's news in photos. After a chaotic day in House, lawmakers narrowly approved the government spending bill late Thursday night. “My job tonight is to say thank you, and Merry Christmas,” House Speaker John Boehner said after the 219-206 vote. (That's not… -
news
Watch Megyn Kelly Take on Ivy Leaguers for Delaying Exams: ‘In America, We Have Grit’
Columbia Law School’s decision to delay final exams for students over the Ferguson and Eric Garner decisions isn’t sitting well with Fox News’ Megyn Kelly. “In America, we have grit, and we have responsibilities that need to get fulfilled even if something upsetting happens to us,” Kelly said on last night’s show. Watch the TV… -
opinion
EPA Finds Fun and Creative Ways to Waste Taxpayer Dollars
Senator Jeff Flake, R-Ariz., recently issued a report entitled “The Science of Splurging,” which provides several examples of how the Environmental Protection Agency wastes millions of dollars on meaningless projects, frivolous luxuries, and outright employee fraud. Here are just some of the examples: Contractor “Man Caves.” The EPA’s Office of Inspector General found that contractors… -
opinion
U.S. International Broadcasting in the Omnibus
It is a measure of the importance attached by Congress to U.S. international broadcasting in the battle space of ideas that the 2014 Omnibus Bill, which passed the House yesterday, not only funds fully the agency that oversees it — the Broadcasting Board of Governors — but adds some $6 million on top of its funding request. The BBG requested… -
opinion
Where Does Your State Rank in Disaster Preparedness?
A cool new graphic from Foodstorage.com ranks how prepared each state is for disasters. The chart compares how much money the state has for disasters to the likelihood that state will face a disaster. The outcome is interesting because regardless of their ranking, most states are unprepared for emergencies. One of the main reasons for… -
news
If Fetal Surgery Can Save the Life of an Unborn Child, Why Do Some Oppose It?
Roughly 3 percent of babies born each year in the United States suffer from a complex birth defect, according to the Children’s Hospital of Philadelphia. That number is lower than it would have been without the work of Dr. Michael Harrison, who pioneered maternal-fetal medicine and performed the world’s first open fetal surgery at the University of… -
news
17 Political Books and Movies That Would Make Great Christmas Gifts
Christmas is just around the corner. If you’re still searching for the perfect gift, take a look at what’s on our Christmas list: 1. "America: Imagine the World Without Her" Dinesh D’Souza’s latest film, based on his New York Times bestselling book, refutes several attempts to portray America as the great purveyor of injustice—a perfect… -
opinion
New Report Reveals More Details about Businesses Being Targeted by Operation Choke Point
A Dec. 2 Report by the House Committee on Oversight and Government Reform reveals more on how law-abiding businesses have been unfairly and illegitimately targeted by the Federal Deposit Insurance Corporation – the primary federal bank regulator – as part of Operation Choke Point. This report builds on a March report by the same committee… -
news
This Town Has Displayed a Nativity for 50 Years. Now an Atheist Group Wants It Removed.
Residents of an Indiana town have been threatened with legal action by an atheist group if they don’t remove their nativity scene. Brookville, Ind. has displayed the nativity outside the courthouse every holiday season for the last 50 years. But according to WLWT, residents of the Indiana town say that for the last three years,… -
news
Are Libertarians More Rational? Tell Us What You Think
Post by John Stossel. Tonight at 9 p.m. ET, Fox Business host John Stossel examines a question that’s certain to provoke a debate on the right: Are libertarians more rational? Stossel will host Reason editors Nick Gillespie and Matt Welch. >>> What do you think? Leave your comment below. -
opinion
CRomnibus Contains Troubling Inversion Language
When a wave of inversions hit earlier this year, there were a variety of Congressional proposals to stop them. They were mostly feckless because none of them fixed the root of the problem, which is our broken corporate tax system. Inversions occur when a U.S. business merges with a foreign business and moves the combined… -
opinion
U.N. Climate Conference in Lima Absurd as Usual
U.N. nations are immersed in their second week of climate talks in Lima, Peru. The goal is to lay groundwork for a binding international climate agreement in Paris next December committing nations to greenhouse gas emissions cuts and “climate financing” for developing nations. This is the 20th such conference since 1995 and it stands as…
