Current Affairs

"Minnesota's Great Wealth Migration"

I recommend that California politicians take heed. But I don't expect they will.

Other states have grappled with net outflow of wealth in recent years, and a few have found ways to reverse the trend—or at least stop the bleeding.


“Taxes are one of many reasons why people move, and they’re important ones that policy makers have control over and can do something about,” says Scott Drenkard, director of state projects at the Tax Foundation in Washington, D.C.  “Whereas it’s hard if not impossible to change other reasons—such as education, which can take decades to improve, or the weather.”

"Acts of War Cannot Go Ignored"

With all the hubbub over The Donald in the last few days I had missed this.

On Sunday night, as Americans were transfixed by the spectacle of the second presidential debate, events occurred off the coast of Yemen that remind us of the kind of challenges with which a president must contend. Two ballistic missiles were fired at a U.S. destroyer in international waters from the part of Yemen controlled by the Houthis, an Iranian-back militia. The missiles did not hit the USS Mason, although it’s unclear if they had some internal defect or whether the ship defended itself with its suite of missile-defense systems.

Follow up: "'This is obviously a huge deal': US Navy ship fires 3 missiles in defense after being targeted near Yemen".

And I missed this: "As Obama prepares to ambush Israel what will American Jews do?"

Finally, also this: "The scary truth about what Putin really wants (and Obama’s willful ignorance)".

"Special annuity for teachers cost NYC taxpayers a whopping $1.2B"

Amazing, but also not:

A little known pension perk available only to New York City teachers cost taxpayers an astonishing $1.2 billion last year, a watchdog group reported Wednesday.

The sweet deal guarantees that teachers who sock away money for retirement in a special Tax Deferred Annuity (TDA) receive a 7 percent annual return.