by jpitney | Jul 31, 2025 | Budget, Economic Policy, Trade
Jessica Riedl at WP: [E]conomists generally agree that trade wars harm long-term economic growth by limiting consumer options, raising costs, reducing investment capital and killing jobs in industries that suffer from foreign retaliation. This slowdown in the growth...
by jpitney | Jul 30, 2025 | Dreier, Philanthropy
Friends, family, and the community of Los Angeles are mourning the loss of philanthropist Wallis Annenberg. David Dreier, who was friends with Annenberg, described her as a selfless woman who was dedicated to helping others. He also said the LA area is a better place...
by jpitney | Jul 29, 2025 | Los Angeles, Philanthropy
James R. Hagerty at WSJ: Wallis Annenberg had her whole life to be rich but only the last 23 years to give away large amounts of her family’s fortune. She donated to hundreds of causes, some of them surprising, and relished her role as a benefactor. Annenberg, the...
by jpitney | Jul 28, 2025 | Debt, Economic Policy
Desmond Lachman at AEI: A key vulnerability of the United States is its high dependence on foreigners to finance its large budget deficits. One measure of this dependency is that foreigners own almost one-third of the $29 trillion of outstanding U.S. Treasury bonds....
by jpitney | Jul 27, 2025 | California Politics, Journalism, Journalists
James Rainey at LAT: California lawmakers and Gov. Gavin Newsom jammed through a $322-billion budget last month. The biggest headline: Spending to provide healthcare for many undocumented immigrants went away. But there’s a nugget that you might have lost in the fine...
