New York Times: Last month, during a routine review of New Jersey's finances, one could sense the alarm. The state's wealthiest resident had reportedly "shifted his personal and business domicile to another state," Frank W. Haines III, New Jersey's legislative budget and finance officer, told a State Senate committee. If the news were true, New Jersey would lose so much in tax revenue that "we may be facing an unusual degree of income tax forecast risk," Haines said. The New Jersey resident (unnamed by Haines) is the hedge-fund billionaire David Tepper. In December, Tepper declared himself a resident of Florida after living for over 20 years in New Jersey. He later moved the official headquarters of his hedge fund, Appaloosa Management, to Miami.
There is a smug style in American liberalism. It has been growing these past decades. It is a way of conducting politics, predicated on the belief that American life is not divided by moral difference or policy divergence -- not really -- but by the failure of half the country to know what's good for them.
In 2016, the smug style has found expression in media and in policy, in the attitudes of liberals both visible and private, providing a foundational set of assumptions above which a great number of liberals comport their understanding of the world.
It has led an American ideology hitherto responsible for a great share of the good accomplished over the past century of our political life to a posture of reaction and disrespect: a condescending, defensive sneer toward any person or movement outside of its consensus, dressed up as a monopoly on reason. read more
President Barack Obama is trying but failing to reassure foreign leaders convinced that Donald Trump will be the next president of the United States. They're in full-boil panic.Now, world leaders cop to being afraid of a Trump presidency, and they're making preparations: scrambling to get deals done with the Obama administration while they still have the chance.
Leaders, members of their governments, even their aides are so spooked that they don't want to say anything, and many privately admit that it's because they think he'll win, and a quote now could mean a vengeful President Trump going after them personally next year.
As Hillary Clinton makes another run for president, it can be tempting to view her hard-edged rhetoric about the world less as deeply felt core principle than as calculated political maneuver. But Clinton's foreign-policy instincts are bred in the bone -- grounded in cold realism about human nature and what one aide calls "a textbook view of American exceptionalism." It set her apart from her rival-turned-boss, Barack Obama, who avoided military entanglements and tried to reconcile Americans to a world in which the United States was no longer the undisputed hegemon. And it will likely set her apart from the Republican candidate she meets in the general election. For all their bluster about bombing the Islamic State into oblivion, neither Donald J. Trump nor Senator Ted Cruz of Texas have demonstrated anywhere near the appetite for military engagement abroad that Clinton has.
I met Abu Samou when he pulled over to the side of the road in his small Foton truck in Al-Bab, a lifeless city with mostly empty streets northeast of Aleppo controlled by the so-called Islamic State. I was heading for the Turkish border with the aim of settling in Turkey, but since the Islamic State bans everyone except traders from leaving its caliphate, I only had two options. I could try walking out of Islamic State territory via smuggling routes that pass through mine fields, or I could try to find a truck driver kind enough to help me. Hitchhiking seemed like the better bet.