Drudge Retort: The Other Side of the News

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Wednesday, April 24, 2019

In normal politics, the policies adopted by a president and Congress may zig one way, and those of the next president and Congress may zag the other. The contending parties take our system's rules as a given, and fight over what they understand to be reversible policies and power arrangements. But some situations are not like that; a zig one way makes it hard to zag back. This is one of those moments. read more

Over the past few weeks, FiveThirtyEight has explored who led in early primary polls of presidential cycles from 1972 to 2016 and who went on to win the nomination. And what we've seen is that national surveys conducted in the year before a presidential primary are relatively good indicators of which candidates will advance to the general election. We found that a candidate's adjusted polling average -- polling average divided by name recognition, which we delved into at length in the first two parts of this series -- is a decent proxy for teasing out the strength of a candidate, especially early in the election cycle. By accounting for how well known a candidate is, we can get a better read on the field in front of us, including here in the 2020 election cycle. As primary season draws nearer, we'll be keeping an eye on any candidates with low name recognition who still manage to win a significant chunk of support in the polls.

Tuesday, April 23, 2019

Munira Abdulla, who was aged 32 at the time of the accident, suffered a severe brain injury after the car she was travelling in collided with a bus on the way to pick up her son from school. Omar Webair, who was then just four years old, was sitting in the back of the vehicle with her, but was left unscathed as his mother cradled him in her arms moments before the accident. read more

Monday, April 22, 2019

Without workers being able to bargain for higher wages, inflation has stalled. While this might seem like a good thing, it weakens the economy and the buying power of workers. read more

Saturday, April 20, 2019

Shortly after news emerged that Hillary Clinton had phoned Donald Trump to concede the presidential election early on November 9, 2016, the head of Russia's sovereign wealth fund received a message from New York: "Putin has won." The exchange recorded in Special Counsel Robert Mueller's report, in which the name of Kirill Dmitriev's contact has been redacted, captures the jubilation among Kremlin insiders over Trump's victory following what U.S. intelligence said was a campaign of Russian interference designed to help the underdog.


Then the trade war has made many things more expensive.
As Eberly points out like what?

#10 | POSTED BY ANDREAMACKRIS AT 2019-04-22 09:51 AM | FLAG:

exactly. Now, in certain locales...rent, housing, etc..have experienced high inflation.
healthcare...high inflation.
"Then the trade war has made many things more expensive."
such as? can you be specific?

#11 | POSTED BY EBERLY AT 2019-04-22 10:02 AM | FLAG:

Who Pays for Tariffs and Trade Restrictions? Consumers Do.

Amid much fanfare and in his wave of protectionist fervor, President Trump has promised that the Chinese would pay and pay dearly for the right to sell us stuff. New research by economists at the Federal Reserve Board and the University of Chicago confirms what economists teach about tariffs and trade restrictions in principles of economics classes: consumers are the ones who pay.

And we pay dearly. According to a new paper by Aaron Flaaen, Ali Hortacsu, and Felix Tintelnot, 2018 tariffs on washing machines raised washer and dryer prices by about 12%. The annual cost to US consumers is about $1.5 billion, and the tariffs bring in about $82 million. As intended, the tariffs created about 1,800 new jobs--but even after accounting for the tariff revenue, each new job created costs American consumers "roughly $820,000 per job created."

That $820,000 per job isn't a one-time cost, either. It's annual. This means that consumers would actually be big winners (from this point forward, anyway) if we could find all of the people with these new jobs, pay them $500,000 per year never to work again, and got rid of the tariffs.

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