Don’s presidential second, our oil shocks aren’t – Latest News
White House watch: Don’s Presidential Moment
“Donald Trump looked presidential on Saturday night” after the assassination attempt on the White House Correspondents Dinner, applauds The Wall Street Journal’s Faith Bottum. “He was calm and in charge,” praised Secret Service members and known as for the occasion to be rapidly rescheduled. His “bravery,” and that of “those who protected him” are admirable. “Courage is one of the virtues” we would like in our leaders. Trump famous being president is harmful: 8.5% of US presidents had been assassinated. But Trump’s response Saturday echoed “what happened in Butler, Pa., after a bullet grazed his ear and he “stood up with a bloodied face, raised his fist and shouted, ‘Fight, Fight, Fight!’ ” On Saturday, he again exhibited “presidential stature.” “We should all be relieved he survived the attack.”
Economist: Our Oil Shocks Aren’t Like the ’70s
The “hostilities in the Persian Gulf” could also be fueling fears that “the global economy will become more constrained and oil prices will continue to rise,” observes Milton Ezrati at Quillette. But although it’s tempting to replicate on the 1973 oil disaster and the ensuing “inflation, recessions, and economic stagnation,” the “present situation is very different,” even when “some parallels” exist. If something, technological advances have “created a sense of oil and gas abundance,” and it’s unlikely that “monetary authorities will make the same mistakes” they made within the ’70s. “A great many questions remain,” and “the Iranian regime has turned out to be more resilient than the US or Israel expected,” however circumstances don’t level to a rerun of ’70-style stagflation.
Higher-ed beat: Yale Report Won’t Fix Things
Yale’s new report on the “collapse of public confidence in our colleges and universities” admits “higher education is too expensive, too arbitrary, and too politically biased,” snarks Paul Du Quenoy at Chronicles. Yet many of the report’s “recommendations are platitudinous,” and although they “may sound courageous,” they resemble the trouble of “any neighborhood car wash asking for customer feedback.” The most pragmatic calls for “barely rise above milquetoast palliatives,” and “do not even try to answer” probably the most “obvious questions” on issues like “how and why college became so unaffordable.” The college report additionally self-servingly hijacks “the reform recommendation process” to insist that college “have a major role in recommending reforms.” Alas, the report isn’t more likely to change or improve the baleful state of increased training.
More From Post Editorial Board
Libertarian: Mamdani’s Threat to Eateries
During the mayoral marketing campaign, Zohran Mamdani touted his “‘$30 by ‘30’ plan, which called for increasing the city’s minimum wage to $30 by 2030.” Now, some City Council members threaten to show “a catchy campaign slogan into an economic reality,” warns C. Jarret Dieterle at Reason. The invoice additionally eliminates “the tipped-wage credit,” leaving small eating places “on the hook for paying workers $30 an hour.” Restaurant house owners warn “the bill could pose a dire threat to NYC’s famed dining scene.” When different cities scrapped the tip-credit system, the outcomes had been “disastrous”: DC restaurant-worker earnings fell as eateries “cut jobs and reduced hours for staff.” NYC restaurateurs warn that “a $21 hamburger would become $33.” If Mamdani and the Council succeed, “$33 hamburgers might become the norm.”
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Blunt speak: Legal Weed Benefits Go Up in Smoke
Studies show that “states that have legalized recreational pot have a lower total fertility rate than those that haven’t,” report Jennifer Galardi & Scott Yenor at The Federalist. And additionally that “cannabis use may be associated with a 41 percent decline in the ability to conceive compared to non-users.” More: “States with legalized recreational pot experience spikes in psychotic and bipolar disorders among young adults.” The media, together with the New York Times, acknowledge “the “public health challenges” posed by legalized pot.” But “the damage has already been done.” Meanwhile, the “revenue boons from pot legalization” haven’t been realized, because of black-market gross sales. Upshot: “Some states are rethinking legalization and even reversing course.”
— Compiled by The Post Editorial Board
