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April 12, 2012

United States
U.S. Foreign Policy and Inflated Threats

On February 15, General Martin Dempsey, chairman of the Joint Chiefs of Staff, told the House Armed Services Committee: “I can’t impress upon you that in my personal military judgment, formed over th…

Martin Dempsey

May 14, 2012

Trade
Morning Brief: California Budget Deficit Escalates

California is expected to record a $16 billion deficit this year (LATimes). Earlier this year, Governor Jerry Brown submitted a state budget with a deficit of $9.2 billion. Since that time, tax recei…

California Governor Jerry Brown speaks in front of a California flag in Long Beach, California on March 14, 2012. (Lucy Nicholson/Courtesy Reuters)

June 8, 2012

Trade
Morning Brief: Fed Plans to Include Small Banks in Basel III

The Federal Reserve proposed applying “core” Basel III rules to all U.S. banks by 2019 (WSJ). Experts had expected small banks—less than $1 billion in assets—to be exempted from the new international…

A man enters the headquarters of the Bank for International Settlements, which sponsors the international Basel Committee on Banking Supervision that issued the Basel III rules (Christian Hartmann/Courtesy Reuters).

July 26, 2012

Trade
Morning Brief: Amtrak's $7 Billion Revamp Plan for DC's Union Station

Amtrak proposed a $7 billion project to revamp Union Station (WashPost). The Washington, DC station that opened in 1907 is the train service’s second busiest, and its overcrowded tracks prevent furth…

Travelers walk through Union Station in Washington (Jonathan Ernst/Courtesy Reuters).

March 24, 2015

Politics and Government
Campaign 2016: Senator Ted Cruz, GOP Presidential Candidate

Someone had to be first. When it comes to the 2016 presidential campaign, that person is Senator Ted Cruz (R-TX). Yesterday, he formally announced that he is running for president. Cruz’s rise to nat…

Ted-Cruz