Books, Blogs & Magazines

New York Gets Lucky Again

      Gov. Andrew Cuomo and New York City Mayor Bill de Blasio speak at a press conference as police respond to a reported explosion at the Port Authority Bus Terminal, Dec. 11. Photo: bryan r. smith/Agence France-Presse/Getty Images By The Editorial Board Dec. 11, 2017 6:39 p.m. ET 188 COMMENTS For years after the 9/11 destruction of the World Trade Center towers, it was ...Read More

Hooray for Bitcoin (but Don't Buy It)

     The price of bitcoin broke $19,000 last week, and traders and speculators are giddy. Fortunes are being made. But in the long run, the smart bet is against bitcoin, for at least four reasons. First, bitcoin is too volatile to be a reliable store of value. National currencies rest on the real productivity and fiscal capacity of citizens. With bitcoin there is no there ...Read More

How to Prevent the Next Mideast War

      Brussels Europe’s borders are bloody. From Ukraine in the east to Libya and Syria in the south, war has brought mass migration, terrorism and political instability to a continent ill-equipped to do much about the underlying problem. Yet while the European Union’s soft power can’t stop conflicts, it could help prevent the outbreak of a new one—...Read More

Macron's Polling Revival

      By The Editorial Board The Editorial Board The Wall Street Journal Biography @wsjopinion Dec. 11, 2017 6:41 p.m. ET 24 COMMENTS French President Emmanuel Macron gives a speech as he attends the ‘Tech for Planet’ event in Paris, Dec. 11. Photo: wo/pool/EPA/Shutterstock Something remarkable is happening in France: Emmanuel Macron is becoming popular again. ...Read More

Fracking Our Way to Mideast Peace

     Whatever you think of President Trump’s decision to recognize Jerusalem as Israel’s capital, it points to the most important strategic reality in the Middle East: Arab power has collapsed in the face of low oil prices and competition from American frackers. The devastating oil-price shocks of the 1970s, orchestrated by the Organization of the Petroleum Exp...Read More

Let Mueller Keep Digging

     At a moment when the special counsel’s team is busy calling its own fairness and impartiality into question, why would Donald Trump even think of firing Robert Mueller? When the special counsel picked his team, almost half the lawyers he selected had donated to Hillary Clinton. Legally that may not be disqualifying. It was, however, highly imprudent for a man pr...Read More

China's Chilling 'Social Credit' Blacklist

      Chinese journalist Liu Hu poses for a photo in Beijing on Sept. 16, 2015. Photo: Mark Schiefelbein/Associated Press By Maya Wang Dec. 11, 2017 6:47 p.m. ET 49 COMMENTS Apple CEO Tim Cook looks forward to a “common future in cyberspace” with China, he told the Chinese government’s World Internet Conference earlier this month. This was an embarrassing...Read More

The GOP's Capital-Gains Tax Hike

     Republicans are on final approach to land their tax bill out of House-Senate conference, and for the most part the winds look favorable. Yet one surprising provision in the Senate bill would gratuitously harm individual investors, and the GOP ought to eliminate this de facto increase on capital-gains taxes. The Senate bill creates a “first-in, first-out” r...Read More

Round Up the Usual Tax-Reform Suspects

      Captain Renault (second from left) in ‘Casablanca.’ Photo: Michael Ochs Archives/Getty Images By Clifford Asness and Michael Mendelson Dec. 11, 2017 6:47 p.m. ET 68 COMMENTS Like Captain Renault in “Casablanca,” the politics of American tax policy features a lineup of the usual suspects. In recent years those parts have been played by hedge-fu...Read More

Is CNN Protecting Adam Schiff?

     We’re certainly living in strange times when the ranking member of the House Intelligence Committee is among the most media-friendly lawmakers in Washington. The times would be less strange if the media were a little less friendly in return. Since they are charged with overseeing America’s spy agencies, the members of the House and Senate intelligence comm...Read More

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