“Mostly, the economy spins ever onward because individuals show up for work and produce something that other people—their employers, customers, clients, donors, etc.—value and are willing to pay for, and then they do it again the next day.”
…
“If nothing changed, Springfield would simply experience an ongoing slide into oblivion. The city has been losing population since the 1960s and more than a fifth of those who remain are below the poverty line. Translation: Anyone who had better economic prospects somewhere else was already gone, or on their way out.
“The real story is that for 80 years we were a shrinking city, and now we’re growing,” a local pastor told NBC News.
In other words, immigration isn’t the cause of Springfield’s problems. Stagnation is.
Is the influx of thousands of foreign-born workers going to be smooth? Of course not. Some culture clash is inevitable. More workers willing to pay market rates for housing and a more competitive local economy might make life marginally more difficult for, as Williamson writes, “a reliable Trump-voting constituency: marginally employed white people on the dole.”
Vance and former President Donald Trump have rushed to amplify those culture clashes—and knowingly exaggerate them too, as Reason’s Jacob Sullum explained yesterday. In doing so, they’ve demonstrated how little they understand about what make an economy work and what makes a place successful. Thriving cities, even small ones, are home to a constant churn of cooperation and competition between newcomers and natives. Places that don’t grow are doomed to die.”
“although lower retail prices are the opposite of what drug warriors are trying to achieve, they mean that people are less likely to oscillate between using drugs when they can afford them and abstaining when they come up short. That pattern increases the risk of an overdose because tolerance declines during periods of abstinence, whether they result from arrest and jail, disruption of the local drug supply, or financial factors like high prices.
That is just one way in which the war on drugs increases the hazards it aims to mitigate. Prohibition makes drug use much more dangerous by creating a black market in which quality and purity are highly variable and unpredictable. Efforts to enforce prohibition magnify those hazards by encouraging injection instead of safer consumption methods, creating incentives for adulteration, and driving traffickers toward more potent drugs, such as fentanyl, that are easier to conceal and smuggle.
The crackdown on pain pills made all of this worse by replacing legally produced, reliably dosed pharmaceuticals with iffy street drugs, which became even iffier thanks to the prohibition-driven proliferation of illicit fentanyl. That crackdown succeeded in reducing opioid prescriptions, which fell by more than half from 2010 to 2022. Meanwhile, the opioid-related death rate more than tripled, while the annual number of opioid-related deaths nearly quadrupled.
Whatever the reasons, the upward trend in drug-related deaths finally seems to be reversing. As Dasgupta et al. suggest, drug warriors should not get credit for that turnaround, since nothing they have done recently can plausibly explain it. But they do deserve a large share of the blame for creating a situation in which an annual toll of more than 100,000 drug deaths looks like an improvement.”
“Half of all drunk drivers who are involved in fatal car wrecks are extremely intoxicated—sitting at BAC levels of 0.15 or higher. In contrast, only 16 percent of those involved in fatal wrecks have BAC levels under 0.08 (and the number is even lower for those specifically in the .05 to .07 range who would presumably be impacted by a switch to a .05 legal limit).
The worst drunk driving perpetrators are also often repeat offenders who appear to be impervious to any legal limit. About 30 percent of DUI arrestees in Utah had a prior arrest for drunk driving and 10 percent had two or more arrests. This is the political reality that few want to address. The couple who has a couple of glasses of wine with dinner is not the problem—it’s the person who is well over the legal limit and often a repeat offender who is causing the majority of carnage on American roads. In fact, even Candace Lightner, the founder of MADD is against the proposal, stating that “running around trying to arrest everyone at .05 is impractical.””
“US Navy warships have twice been called upon to defend Israel from massive Iranian ballistic missile attacks and have used SM-3 interceptors to defeat the incoming threats.
The Standard Missile-3 (SM-3), a key air-defense interceptor made by RTX and, for some variants, Mitsubishi Heavy Industries, was first used in combat in April to shield Israel from an unprecedented attack, and then it saw combat again in October when Iran attacked a second time. The weapons, which can cost between $10 million and almost $30 million depending on the variant, were fired by American destroyers in the area.
Navy leadership has said that it needs many more SM-3s to counter threats in the Pacific, like China, but it’s burning through these weapons in conflicts in the Middle East without sufficient plans to replace them.
Archer Macy, a retired Navy admiral, told Business Insider that the SM-3 is particularly important in a fight with China because the interceptor is designed to counter China’s “apparent preference for long-range theater weapons.””
Sanctions against Russia made their ability to wage war weaker than it otherwise would have been, but only had limited effectiveness due to poor execution and other powers not going along.
The U.S. needs to pull together its different resources in different domains to successfully compete against China, including not just militarily, but taking an active diplomatic and economic role in Asia.
“Ukraine has said it will not extend the transit agreement with Russian state-owned Gazprom in order to deprive Russia of profits that Kyiv says help to finance the war against it.
Moscow’s suspension of gas for Austria, the main receiver of gas via Ukraine, means Russia will now only supply significant gas volumes to Hungary and Slovakia, in Hungary’s case via a pipeline running mostly through Turkey. In contrast, Russia met 40% of the European Union’s gas needs before Moscow’s 2022 invasion of Ukraine.”
“President-elect Donald Trump’s transition team is bypassing traditional FBI background checks for at least some of his Cabinet picks while using private companies to conduct vetting of potential candidates for administration jobs, people close to the transition planning say.
Trump and his allies believe the FBI system is slow and plagued with issues that could stymie the president-elect’s plan to quickly begin the work of implementing his agenda, people briefed on the plans said. Critics say the intrusive background checks sometimes turn up embarrassing information used to inflict political damage.
The discussions come as Trump has floated several controversial choices for high-level positions in the US government – including Matt Gaetz for attorney general and Tulsi Gabbard for director of national intelligence.
Ultimately, the president has the final authority on who he nominates and decides to share intelligence with, regardless of the established protocol set in the wake of World War II to make sure those selections don’t have unknown foreign ties or other issues that could raise national security concerns.
But circumventing background checks would be bucking a long-established norm in Washington. It also reflects Trump’s deep mistrust of the national security establishment, which he derides as the Deep State. Sources say he has privately questioned the need for law enforcement background checks.”
Surely, Trump won’t dishonestly take credit for this.
“The oil market could see a major supply glut in 2025 thanks to booming production from non-OPEC states like the US and sagging demand in China, according to the International Energy Agency.
The IEA said in its November Oil Market Report that the world’s oil market is on track for a one-million barrel-a-day surplus next year.
The excess is largely being driven by a weakening economy in China. Demand for oil in the world’s second-largest economy contracted for six straight months in a row as of September, IEA data shows. This accounted for the “main drag” on demand this year, the report said.
Meanwhile, the agency is predicting strong oil production among non-OPEC producers led by countries like US, Guyana, Argentina, and Brazil.
Altogether, non-OPEC producers are on track to expand oil production by 1.5 million barrels a day, it estimated. That amount is more than the agency’s forecast for world oil consumption to grow by 990,000 barrels a day next year.”
…
“The US has become the largest oil producer in the world, pumping out more crude than any other country in history for the last six years in a row, according to the US Energy Information Administration. Domestic production hit a record 13.4 million barrels a day in August, according to data from the Energy Information Administration.”