“On the merits, there is little question that liberals should prioritize making housing cheaper. There is nothing progressive about putting property owners’ return-on-investment above less privileged Americans’ access to shelter. Further, promoting homeownership as a wealth building strategy also fails many homeowners. Concentrating one’s savings in a single asset is a perilous investment strategy, especially for America’s least privileged groups.”
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“although tanking home prices isn’t politically tenable, slowing their growth in the name of affordability probably is. And for people looking to buy or rent a home, it makes a big difference whether home values rise faster or slower than wages. If paychecks grow more rapidly than home values, then housing becomes more affordable for workers, even if the nominal price of a house goes up. In that scenario, fewer renters would struggle to keep roofs over their heads, while homeowner backlash to increasing affordability would be limited, since, on paper, houses would appear more valuable than when they were purchased.
Pursuing that outcome, however, means making housing a worse investment for new buyers, especially relative to putting their savings into diversified index funds. Democrats therefore should not go out of their way to encourage middle-class Americans to invest in housing. And they certainly should not adopt policies that privilege homeowners over renters.”
“Three of America’s four major military services failed to recruit enough servicemembers in 2023. The Army has failed to meet its manpower goals for the last two years and missed its 2023 target by 10,000 soldiers, a 20 percent shortfall. Today, the active-duty Army stands at 445,000 soldiers, 41,000 fewer than in 2021 and the smallest it has been since 1940.
The Navy and Air Force missed their recruiting goals, too, the Navy failing across the board. The Marine Corps was the only service to achieve its targets (not counting the tiny Space Force). But the Marines’ success is partially attributable to significant force structure cuts as part of its Force Design 2030 overhaul. As a result, Marine recruiters have nearly 19,000 fewer active duty and selected reserve slots to fill today than they did as recently as 2020.
A decrease in the size of the active force might be less worrying if a large reserve pool could be mobilized in the event of a major war or national emergency. But recruiting challenges have impacted the reserve components even more severely than the active duty force. The National Guard and Reserves have been shrinking since 2020. Last year, the Air National Guard and Air Force Reserve each missed their recruiting targets by 30 percent. The Army Reserve had just 9,319 enlistees after aiming to recruit 14,650 new soldiers. Numbers for the Navy Reserve were just as bad — the service missed its enlisted and officer targets by 35 and 40 percent, respectively.
Should a true national security emergency arise, America lacks the ability to mobilize as Israel and Russia have done. The Individual Ready Reserve (IRR) — comprising former active duty or selected reserve personnel who could be reactivated by the Secretary of Defense during wartime or a national emergency — is designed to act as a bridge from the AVF to a revived draft. Almost forgotten even by servicemembers, the IRR earned brief notoriety when some servicemembers were “stop-lossed” during the Iraq War — pulled from the IRR and returned to active duty involuntarily, usually to deploy again.
Today, there are just over 264,000 servicemembers in the entire IRR. The Army’s IRR pool has shrunk from 700,000 in 1973 to 76,000 in 2023. Forget building new units in wartime: the IRR is now incapable of even providing sufficient casualty replacements for losses from the first battles of a high-intensity war.
And even if more Americans could be encouraged to sign up, they may not be able to serve. Before Covid, fewer than three in 10 Americans in the prime recruiting demographic — ages 17 to 24 — were eligible to serve in uniform. Those numbers have shrunk further since the pandemic began. Only 23 percent of young Americans are qualified to enlist without a waiver, based on the most recent data. Endemic youth obesity, record levels of physical unfitness, mental health issues exacerbated by the Covid pandemic, and drug use have rendered the vast majority of young Americans ineligible for military service. Scores on the ASVAB — the military’s standardized exam for recruits, which tests aptitude for service — plummeted during the pandemic.”
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“The recruiting crisis is a greater national security threat to the United States than the wars that currently dominate the headlines. If there is one lesson America’s leaders should take from the conflicts in Europe and the Middle East, it is that troop mobilization and depth are still essential for fighting wars. As both Israel and Ukraine have learned, no amount of high-tech wizardry has changed this enduring reality of warfare. Should the United States fail to fix its military recruiting, it will risk losing a great power war — with enormous consequences for all Americans.”
The demand for protections against automation sound outrageous. Preventing automation costs everyone more money. They are threatening to sharply increase the price of everything temporarily, if we don’t let them gradually increase the price for everyone overtime due to inefficient practices. It’s selfishness–hurting everyone else for their own gain. If we want an economy that grows and creates the most good for the most people, we have to let inefficient jobs die.
“The striking workers essentially load and unload the giant containers that go onto ships, trains or commercial trucks, which can contain all manner of goods, from building materials to auto parts. People expecting new cars may not get them, some factories may not have the raw materials they need and some items, such as bananas, may become hard to come by — especially the longer the strike persists.
Vessels used by other industries — for instance, oil tankers and cruise ships — will not be affected by the strike, because they are not loaded or unloaded by ILA members. And ports on the West Coast aren’t part of the contract dispute.
Even the appearance of such a sharp blow to the economy just weeks before the election presents an enormous opening for Republicans to hammer their message that Democrats are worse for Americans’ wallets. It’s happening just as Harris is trying to convince voters that having her in the White House would mean more jobs and more affordable housing, among other promises.
Democratic New York Gov. Kathy Hochul tried to reassure residents Monday that her state — one of the strike’s biggest targets — has enough essential goods to keep it from suffering the kind of immediate supply chain problems that hit it during the early days of the pandemic.
She said her team is working to make sure the strike doesn’t bleed into people’s lives, and said she doesn’t expect it to affect the election, particularly in the state’s close congressional contests.
“In preparation for this moment, New York has been working around the clock to ensure that our grocery stores and medical facilities have the essential products they need,” Hochul said in a statement shortly after the strike became official. “It’s critical for USMX and the ILA to reach a fair agreement soon that respects workers and ensures a flow of commerce through our ports.”
New York has stockpiles of medical supplies, many prescription drugs come by plane, and the U.S. produces lots of its own food. Even much of the food that the U.S. imports comes through land borders with Canada and Mexico that the strike will not affect.
Still, New York and New Jersey are home to the East Coast’s largest port. One hundred thousand cargo containers are sitting at port facilities in the two states, and dozens of cargo ships are preparing to anchor offshore until the strike ends, according to regional port officials.”
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“The strike comes after a six-year master contract between the union and the shipping industry expired on Monday. The union has asked for major wage increases and protections against automation. The shipping industry has accused the union of not coming to the table.”
“Senior White House figures privately told Israel that the U.S. would support its decision to ramp up military pressure against Hezbollah — even as the Biden administration publicly urged the Israeli government in recent weeks to curtail its strikes, according to American and Israeli officials.
Presidential adviser Amos Hochstein and Brett McGurk, the White House coordinator for the Middle East, told top Israeli officials in recent weeks that the U.S. agreed with Israeli Prime Minister Benjamin Netanyahu’s broad strategy to shift Israel’s military focus to the north against Hezbollah in order to convince the group to engage in diplomatic talks to end the conflict, the officials told POLITICO.
Not everyone in the administration was on board with Israel’s shift, despite support inside the White House, the officials said. The decision to focus on Hezbollah sparked division within the U.S. government, drawing opposition from people inside the Pentagon, State Department and intelligence community who believed Israel’s move against the Iran-backed militia could drag American forces into yet another Middle East conflict.”
“Israel began a “limited” ground operation in southern Lebanon on Tuesday, in a significant escalation of its conflict against the Iran-backed militant group Hezbollah.
The Israel Defense Forces (IDF) said in a post on X that they were conducting “localized and targeted ground raids based on precise intelligence against Hezbollah terrorist targets and infrastructure” in villages close to the Israel-Lebanon border.
The decision to send troops into Lebanon begins a new phase of the conflict, and comes after intense Israeli bombing that on Friday killed Hezbollah’s leader Hassan Nasrallah in an airstrike in southern Beirut. It came in response to Hezbollah’s campaign of cross-border strikes on Israel, which began a day after its Palestinian ally Hamas staged its deadly Oct. 7, 2023 attack on Israel.”