Free trade has taken a lot of hits this campaign season. Candidates from both parties have argued that this core tenet of capitalism should be completely rewritten, if not entirely erased. The reasoning goes something like this: If we open up our economy and cut trade deals with other countries, we run the risk of sending American jobs overseas.
A Marysville, Tennessee police officer became the 78th officer to die this year in the line of duty when he was shot and killed while responding to a domestic violence call. He is the 37th officer to be killed by hostile gunfire this year.
Earlier this week, I toured the Port of Houston and participated in a roundtable discussion with Port of Houston Authority (PHA) officials, in which I discussed the port’s remarkable job creation and its powerful economic role in Texas and in the nation.
Piketty (2014) argues that capitalism is increasing the share of earning from capital share while shrinking that of wages, thus exacerbating income inequality. Rognlie (2015) criticizes and extends Piketty, showing that the increases in capital share and inequality tie in directly with long run increases in housing values.
CNN edited the remarks of the sister of Slyville Smith, whose shooting by a black policeman led a mob of protesters to start burning down various properties in their neighborhood. She’s calling for peace, they said.
Except for the part where she urges protesters to burn down the suburbs. Oops!
Union offices raided in Philadelphia. What took so long?
The IBEW Union Hall in Philadelphia, along with multiple other locations, were raided by the FBI. John Dougherty and the Local 98 seem to be at the center of this investigation, with Councilman Bobby Henon and President of the Local 98, Brian Burrows, also involved.