The Private Market Can Add Discipline to Deposit Insurance
Following the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank this spring, U.S. lawmakers have faced a policy head-scratcher. When bank runs happen on the internet, not at the teller’s window, how can the government ensure that smaller and regional banks can meet increased demands for liquidity during moments of panic? Excessive […]
Will America Betray Ukraine? – WSJ
Washington is ready to close up shop for the holidays, and so far there’s no deal for more weapons for Israel and Ukraine with changes to border security. The question to start asking is whether the U.S. is really going to let partisan divisions turn into a betrayal of Ukraine. Hard to believe, but perhaps […]
Jerome Powell Makes His Inflation Pivot
We thought Federal Reserve Chairman Jerome Powell would be wary of declaring victory over inflation on Wednesday, but he was wary in formal declaration only. Everything else about his press conference after the latest Federal Open Market Committee (FOMC) meeting suggested that the Chairman’s Paul Volcker era is over. Easier money is on the way. […]
The Phony Climate Promises of COP28
The COP28 climate confab in Dubai didn’t end with white smoke on Wednesday, but Biden climate envoy John Kerry is nonetheless singing hallelujah after nearly 200 countries agreed to “transition” from fossil fuels. The point of the deal is to preserve the West’s illusion that its climate policies are accomplishing something. China and oil-producing countries […]
House Approves Biden Impeachment Inquiry as G.O.P. Hunts for an Offense
The House voted on Wednesday to formally open an impeachment inquiry into President Biden, pushing forward with a yearlong G.O.P. investigation that has failed to produce evidence of anything approaching high crimes or misdemeanors. Republicans said the vote was needed to give them full authority to continue carrying out their investigation amid anticipated legal challenges […]
Hunter Biden Defies a Subpoena
Hunter Biden on Wednesday defied subpoenas to appear in front of the House Oversight and Judiciary committees, delivering instead a Trump-style broadside against his GOP investigators outside the Capitol. The President’s son says he has nothing to hide, but his refusal to answer questions suggests otherwise. Hunter blamed his no-show on Republicans’ insistence that he […]
Enbridge will sell Alliance, Aux Sable stakes to Pembina Pipeline for $3.1B
Enbridge Inc. is selling its stakes in the Alliance pipeline and Aux Sable gas processing facility to Pembina Pipeline Corp. for $3.1 billion. The Alliance pipeline is a 3,848-kilometre pipeline stretching southeast from B.C. that brings gas into Chicago’s Aux Sable, one of the largest natural gas liquids processing facilities in North America. Enbridge currently […]
How Ukraine Keeps Warm When Russia Bombs
Russia has been attacking Ukraine almost nightly with Iranian-designed Shahed drones. Ukrainian power stations are prime targets as winter weather sets in and Moscow seeks to cause civilian suffering and demoralization. The suffering is real, but the Kyiv region’s police have an ingeniously effective way of countering the demoralization. On a visit to Kyiv last […]
Why Doesn't Gen Z Want to Be All It Can Be?
Young Americans’ are skeptical of the military. That’s a reason to worry about national security. Source link In recent years, we have seen a dramatic shift in attitudes among Generation Z (b. 1996 to the present) towards achieving their potential. While previous generations – such as Millennials, Gen Xers, and Baby Boomers – have placed […]
University Presidents Flunk Out – WSJ
Daniel Henninger’s weekly column, “Wonder Land,” appears in The Wall Street Journal each Thursday. Mr. Henninger was a finalist for a Pulitzer Prize in editorial writing in 1987 and 1996, and shared in the Journal’s Pulitzer Prize in 2002 for the paper’s coverage of the attacks on September 11. In 2004, he won the Eric […]