Free Republic

The world is on the brink of a climate apocalypse—one caused not by gradual greenhouse emissions but by a sudden exchange of nuclear weapons, a possibility made more salient by the current conflict between India and Pakistan. While the long-term effects of emissions are uncertain, we know that a nuclear war would result in an immediate nuclear winter. When we think about nuclear apocalypse, we tend to think of the immediate effects: thermonuclear explosions that incinerate cities and vaporize populations. But the worst consequences unfold long after the weapons have detonated. A major thermonuclear exchange would shroud the atmosphere in...

April was not the cruelest month for investors—although the tariffmageddon-obsessed naysayers may be smarting. Despite a month of wild swings and gloomy forecasts, U.S. stock markets ended April nearly flat, brushing off predictions that Trump’s trade policies would trigger a historic collapse. The S&P 500 finished the month down just 0.8 percent. The Dow dropped 2.1 percent, and the Nasdaq edged lower by 0.3 percent. That mild performance stood in stark contrast to a mid-April Wall Street Journal article that warned of a “Trump rout” and suggested the Dow was on track for its worst April since 1932. It wasn’t....

Some thoughts on a climbdown for the ages. The reaction was widespread relief in America and the world. Americans want their country to be the world’s growth engine but not, as a former Reagan administration official put it, through policies “that risk the collapse of the global financial system.” Donald Trump scared people he hadn’t scared before. He didn’t use to scare his policy allies—small-business people, workers, retirees. He did this week. Fear dampens reflexive support. Politicians need reflexive support from the bottom of their base as a platform from which to move. The president weakened his position. It is...

President Trump finally blinked. It took a week for the plunge in the stock and bond markets—along with a sustained campaign by executives, lawmakers, lobbyists and foreign leaders—to prompt Trump to roll back for 90 days a major element of his sweeping tariff plan. The president said that the reaction to the tariffs was getting a bit “yippy”—like a nervous athlete unable to perform—and he relied on his instincts to change course as he watched the bond market tank and listened to business leaders including JPMorgan Chase CEO Jamie Dimon express fears of a recession. The episode was classic Trump:...

President Trump says trade wars are easy to win. Investors think otherwise, and on Wednesday Mr. Trump decided maybe investors are right. After a flight from U.S. assets and a rout in the bond market, Mr. Trump announced a pause for 90 days on the worst of his “liberation” tariffs on most countries, China excepted. Markets celebrated with a stock-market rally on hope that perhaps Mr. Trump isn’t entirely oblivious to the damage he’s causing. The rout in dollar assets reversed, at least somewhat, and the rise in the benchmark 10-year Treasury yield eased. It would be hard to find...

Donald Trump has repeatedly said that his move to impose wide-ranging tariffs is based on the simple concept of reciprocity: The U.S. should put the same conditions on imports from other countries that they impose on our goods through tariffs and other trade barriers. But the tariff scheme he announced isn’t reciprocal and isn’t based on measuring foreign trade barriers. Instead, it simply measures bilateral trade deficits and comes up with tariff numbers from there. Those are two very different things, and could be one reason why global financial markets are reacting so badly. The upshot is that, in the...

The op-ed was entitled “Can White Men Finally Stop Complaining?” and it appeared the other day in the Wall Street Journal. White men, it charged, have a “victim mentality” – even though they’re back on top. Not only has Donald Trump returned to the Oval Office, but for white dudes, everything’s coming up roses: The manosphere won. Bro podcasters top the charts. Meta’s Mark Zuckerberg declares his company needs more “masculine energy.” Elon Musk shares a post saying only “high-status males” should run the country. The White House kills diversity, equity and inclusion (DEI) policies, and so do multiple companies,...

The Wall Street Journal reports that the consumer confidence that accompanied President Donald Trump’s entry into office has eroded. The University of Michigan’s February report on consumer sentiment found that it fell by 5 percent, from 71.1 percent in January to 67.8 percent this month. Americans now expect inflation this year will be 4.3 percent, a 1 percent increase from last month. Morning Consult also found that consumer optimism is quickly fading. Consumers are worried about volatile decisions around sweeping executive orders and potential tariffs. Early polling data from Trump’s first days in office showed that the speed of the...

The Five Eyes is the most powerful spying alliance in history. Forged in the conflagration of World War II, the intelligence-sharing pact among the U.S., Canada, Britain, Australia and New Zealand helped defeat Nazism and Communism, fend off al Qaeda and Islamic State and shield its members from the ever-growing risk of cyberattacks. Now former and serving members of the Five Eyes and outside experts say it is facing its biggest challenge ever: President Trump’s pledge to curb the “Deep State” by overhauling America’s vast intelligence apparatus. Trump left the Five Eyes alone during his first term and hasn’t named...

Forgive us if we missed it, but we don’t recall Donald Trump campaigning to invade Panama and retake its famous canal. But there was the President-elect on the weekend, threatening our Central American ally with punishment if it doesn’t meet his demands. “Our Navy and commerce have been treated in a very unfair and injudicious way. The fees being charged by Panama are ridiculous, highly unfair, especially knowing the extraordinary generosity that has been bestowed to Panama—I say, very foolishly, by the United States,” Mr. Trump told a crowd in Phoenix. “This complete ripoff of our country will immediately stop.”...

Whether Donald Trump realizes it or not, Republicans did him a favor by making clear that former Rep. Matt Gaetz was unconfirmable as U.S. Attorney General. On Monday the House Ethics Committee released a 37-page report from its misconduct inquiry into Mr. Gaetz, which found “substantial evidence” of drug use, prostitution, and statutory rape. “The Committee heard testimony from over half a dozen witnesses who attended parties, events, and trips with Representative Gaetz from 2017-2020,” it says. “Nearly every young woman that the Committee interviewed confirmed that she was paid for sex by, or on behalf of, Representative Gaetz.” Some...

SNIP….the Wall Street Journal ran a remarkable, long-form, magazine-style article under the headline: “As Ukraine Invades Russia, Kyiv’s Troops Are in Trouble on the Eastern Front.” Uh ohSNIPUsing around 14,000 of its last, best troops, and a vast array of critical, impossible-to-replace war equipment, Ukraine tried to flip the script by invading Russia in a quiet, remote, sparsely populated area on the northeast corner of the map.In other words, bantam-sized President Zelensky boldy let slip the dogs of war. But in this case, the dogs of war were more like the miniature poodles of war.SNIPIt looks a lot like the...

A new poll from The Wall Street Journal has found Vice President Kamala Harris neck and neck with Donald Trump after President Biden vacated the Democratic nomination for November’s election."Only 37% of Biden voters were enthusiastic about him in early July, and now 81% of Harris voters are enthusiastic about her," Democratic pollster Mike Bocian, who conducted the survey with Republican pollster David Lee, told the Journal. "This is an astounding change."The former president maintains a 2% lead over Harris in a two-person race, within the Journal’s 3.1% margin of error, indicating Harris has cut into the six-point lead Trump...

The need for stability and experience should eliminate the young MAGA-in-a-hurry types like Sen. J.D. Vance or Members of the House. As the GOP convention nears, and voters focus on the election, the race remains closer than it should be given Mr. Biden’s infirmities. Swing voters still worry about Mr. Trump and the possibility of four more years of turmoil. The former President can help his campaign, and the country, by projecting stability and calm. We know many readers will think this is impossible, and maybe it is. Yet he showed admirable restraint after the debate last week, letting Democrats...

Even those who dislike the former President see a case of legal and political malpractice.How dare Mitt Romney. And Sens. Susan Collins and Mitch McConnell. The anti-Trump press corps is dismayed that Republicans of all stripes, even those who aren’t fond of Donald Trump, have criticized the Manhattan prosecution and guilty verdict. The media coverage after the verdict has followed the usual Trump-era pattern. Democrats pursue some anti-Trump operation—impeachment, a Russia collusion probe, a prosecution. The press then descends as one to chide Republicans, with the unsubtle implication that they must be unethical sellouts if they oppose what Democrats are...

Israeli tanks advanced further into Rafah on Tuesday, according to witnesses, as the Israeli military said it was expanding operations in the southern Gaza city amid growing international condemnation. The tanks passed near the Al-Awda mosque, a central Rafah landmark, Palestinians in the city told The Wall Street Journal. The Israeli military didn’t comment on the specifics of its push into Rafah, but Israel’s Army Radio said the military had added a brigade to the five already operating in the city and troops were engaging in close-quarters combat with Hamas. Israel is trying to thread a needle by pursuing a...

Former President Donald Trump is running about dead-even with President Joe Biden among voters, according to a poll published Saturday.The Wall Street Journal poll showed that Trump garnered 40 percent support versus Biden’s 39 percent support in a hypothetical rematch of 2020. While third-party candidates drew three percent, a large portion — 17 percent — were undecided.If other candidates were excluded, Trump and Biden were tied at 46 percent each with eight percent undecided.The poll was conducted August 24-30, with a sample of 1,500 American voters and a margin of error of plus or minus 2.5 percentage points.Republican pollster Tony...

This is what Orwellian economics looks like. After Biden announced a campaign based around freedom, the Wall Street Journal’s Richard Rubin decided to write a surreal column/op-ed/story (what is this thing even supposed to be) accusing Republicans of raising taxes by proposing to dump Biden’s corrupt green subsidies and the Inflation Increase Act’s IRS boom. Republicans Effectively Voted to Raise Taxes. They’re Fine With That – WSJ When dealing with the media, any weasel words added to a sentence means that the whole thing is a lie. Now you understand the purpose being served by “effectively” in there. Rubin claims...

Long-held values like patriotism, religion and community involvement are in retreat across America, according to a stunning poll released Monday. The Wall Street Journal/NORC survey found that just 38% of Americans say patriotism is “very important” to them, down from 70% who said the same in 1998. Slightly more Americans (39%) placed the same importance on religion, down from 62% who said faith was “very important” to them 25 years ago. ​The percentage of Americans who said raising children was “very important” fell to 30% in the new poll, down from 59% in 1998.

Economic war with Russia is likely to keep prices high and send growth into reverse but specter of rationing is fading. There is no end in sight for Europe’s surge in energy prices. That could be just what the continent needs to avoid the devastating effects of having to ration natural gas this winter. This is because prices are so high—many times their level from last year—that they are forcing Europeans to save fuel and secure alternative supplies. That has resulted in rising gas reserves and a higher likelihood that the economy will shrink but not crash outright in the...