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  • Commentary posted July 20, 2016 by Dean Cheng South China Sea After the Tribunal Ruling: Where Do We Go From Here?

    On July 12, the Permanent Court of Arbitration (PCA) at The Hague handed down perhaps the most long awaited finding in its history. After nearly four years of deliberation, the Court ruled on several South China Sea issues, based on a case filed by the Philippines against the People’s Republic of China (PRC). On issue after issue, the Court came down overwhelmingly in…

  • Commentary posted July 15, 2016 by David R. Burton How the OECD is Promoting More Identity Theft, Crime, Industrial Espionage, and Suppression of Political Dissidents

    Tax treaties are usually positive or benign. The protocol amending the multilateral Convention on Mutual Administrative Assistance in Tax Matters, currently being considered for ratification by the United States senate, is being marketed by the Obama Treasury, the Organization for Economic Cooperation and Development (OECD) and tax officials in various national…

  • Commentary posted July 15, 2016 by David R. Burton The Treaty to End Financial Privacy

    Don't judge a treaty by its title, no matter how bureaucratically mundane it may sound. Exhibit A: The Protocol Amending the Multilateral Convention on Mutual Administrative Assistance in Tax Matters. The U.S. Treasury Department is marketing the agreement as just another tax treaty, because such treaties are usually positive or benign. But this is no ordinary tax…

  • Commentary posted July 15, 2016 by William T. Wilson, Ph.D. How is Russia's Economy? A Yeltsin-Style 'Not Good'

    Sometime in the mid-1990s, British Prime Minister John Major reportedly asked Russian President Boris Yeltsin to describe the Russian economy in one word. Yeltsin replied, “Good.” Seeking greater detail, Major asked Yeltsin if he could describe it in two words. Yeltsin replied, “Not good.” While this old joke is probably a myth, the current state of the Russian economy…

  • Commentary posted July 14, 2016 by Norbert J. Michel, Ph.D. Why Big-Wig Financial Execs Love Dodd-Frank

    House Financial Services Committee Chairman Jeb Hensarling (R-Texas) has released a discussion draft of the Financial CHOICE Act, legislation that would replace large parts of the failed Dodd-Frank Act. It has attracted some high-profile fans. Three Nobel Prize winning economists, a former U.S. Treasury Secretary, and a host of academics and policy officials have released…

  • Commentary posted July 11, 2016 by James Jay Carafano, Ph.D. The Truth About the America First Movement

    Only days after America’s entry into World War II, British Prime Minister Winston Churchill offered his new American allies some advice. “War is a constant struggle and must be waged day to day,” Churchill counseled. “It is only with some difficulty and within limits that provisions for the future can be made.” It was an axiom that Charles A. Lindbergh, the famed-aviator…

  • Commentary posted July 11, 2016 by Steven P. Bucci, Ph.D. Growing Ballistic Missile Threats Cannot Be Ignored

    China, Russia, Iran, North Korea—all are U.S. adversaries, and all are making remarkable and continual advances in long-range ballistic missile capabilities.  Maintaining and modernizing our upper-tier missile defense system has never been more vital in order for the U.S. to be able to win on the future war landscape. Repeated cuts to the U.S. ballistic missile defense…

  • Commentary posted July 6, 2016 by James Jay Carafano, Ph.D. Meet the Inspiring Soldiers of Veteran Nation

    We knew when we decided to make our award-winning documentary on the past, present, and future of how the nation treats its veterans, well, we knew it would have to include—well veterans.  We had no idea what an incredible group of inspiring men and women would step forward to tell their stories. Just introducing the soldiers, airman, and Marines that helped bring…

  • Commentary posted July 6, 2016 by Robert E. Moffit, Ph.D. Here's How Congress Can Save Medicare

    When will Medicare’s hospital insurance trust fund run out of money? A newly released report from the Medicare Trustees says it will be exhausted in 2028—two years earlier than they projected last year. Using slightly different assumptions, the Congressional Budget Office earlier predicted that the trust fund would be insolvent by 2026. No matter how you slice it, the…

  • Commentary posted July 6, 2016 by Peter Brookes Turkey in Islamic State's Sights

    The Islamic State (aka ISIS) strikes again — or so it seems. Although, as of this writing, ISIS hasn’t claimed “credit” for the shooting and bombing at Ataturk International Airport in Istanbul on Tuesday, we do know that innocent Turks and other foreign nationals suffered another brutal terrorist attack. Istanbul airport, where dozens were killed and hundreds injured,…

  • Commentary posted July 6, 2016 by James Sherk Government Union Misusing Teachers' Pensions

    Government employee pensions are in crisis. They face a $3 trillion funding shortfall. A new Wall Street Journal article sheds light on one reason why: Unions use government pension investments as political weapons. The Employee Retirement Income Security Act (ERISA) makes private-sector pension managers fiduciaries. They must manage the pensions for the sole benefit of…

  • Commentary posted July 1, 2016 by Theodore R. Bromund, Ph.D. Britain is Back

    I’ve spent a good part of the past three decades studying Britain’s relations with Europe. In fact, I wrote my thesis on Britain’s first application to the EEC, the European Union’s predecessor. Being in Britain for the referendum was a joy. It was also a lesson. I watched the last week of the referendum campaign from London. That may have been a mistake – not the…

  • Commentary posted July 1, 2016 by James Jay Carafano, Ph.D. After Orlando: How to Confront the New Face of Terror

    Even before Orlando, there was a case to be made for another 9/11 Commission. A particular reason for that recommendation is that America no longer faces the terrorists of 9/11. There was plenty of evidence to suggest the face of the global Islamist insurgency had come to look very different from what confronted the world over a decade ago. The list is long—from ISIS…

  • Commentary posted June 28, 2016 by Edwin J. Feulner, Ph.D. Brexit's Aftermath

    For many people outside of Britain, the Brexit vote came in like a typical news item. One minute, you knew nothing about it (or almost nothing), then it was all over the news. And now you see people reacting with great passion over the result. For me, it wasn’t a surprise. Regular readers may recall that I endorsed a pro-Brexit vote two weeks ago, calling on my British…

  • Commentary posted June 28, 2016 by James Jay Carafano, Ph.D. Next President Shouldn't Be a Mad Scientist

    The next president should take a dramatic step to show that science is truly important to policy-making and good governance. The best way to do that? Abolish the White House Office of Science and Technology. How science gets done in America has changed dramatically over the last 50 years, and 21st-century presidents ought to restructure the executive office of the White…