Here’s a fact that ought to startle every American who assumes that because we spend nearly a trillion dollars a year on defense, we have primacy over our emerging rival, China. “Over the past decade, in US war games against China, the United States has a nearly perfect record: We have lost almost every single time.” That’s a quote from ...

Just as some US states begin to reopen and try to mend the virus-stricken economy, Warren Buffett delivered a harsh reminder that things may be anything but normal for a long time. The crisis has spooked America’s forever optimist so much so that he’s fled the airline industry entirely, and now even certain automobile and banking stocks, according to a ...

Universal basic income (UBI) was a popular topic in the US before Covid-19 — in a theoretical sense. Now a pandemic is providing a tragic preview of some of the conditions UBI was conceived to address. And, though there are some important qualifications, Covid-19 is making UBI look better. Up until a few months ago, the argument for UBI was ...