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Fed Hikes Interest Rate as Expected

In a widely expected move, the Federal Open Market Committee (FOMC) raised the target federal-funds rate by a quarter of a percentage point this afternoon. The governors of the Federal Reserve also kept their forecast for future rate hikes essentially unchanged, with the main change being a slightly higher prediction ...

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How Trump Won and Moore Lost

What happened in Alabama last night bore some resemblance to what most political operatives in both parties, and most political journalists, expected to happen in the 2016 election: The Republican candidate would offend and repulse voters in both parties, leading to high Democratic turnout and leading Republicans to vote for ...

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If Passed, GOP Tax Reform to Take Effect in February

In remarks at the White House a few minutes ago, President Trump announced that the GOP tax plan will go into effect in February, if it is passed. Details about the finalized bill should be released later today. original article on Fox news

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Chai Feldblum’s EEOC Renomination | National Review

President Trump has announced that he is renominating liberal activist Chai Feldblum to the U.S. Equal Employment Opportunity Commission. “Why in the world is he doing that?” asks Powerline, and that’s a very good question (my only quibble with Powerline’s analysis is that this is not exactly being done in ...

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The Media, Trump, and Nixon

From my most recent NRO article, about the media’s treatment of Trump: “Specialists in aberrant mass psychology will one day derive great interest and perhaps generate much enlightenment on what it is that has possessed a wide swath of highly intelligent and generally civic-minded Americans to lose their minds on the ...

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Cat Person: Is Margot’s Sex-Partner Count Unusual?

In his letter to the fictional protagonist of “Cat Person,” my colleague Kyle Smith writes: Robert is your seventh sexual partner. You’re 20 years old. Margot, I don’t know what the right number is for you, but seven is too many.  . . .  I’m from Gen X, two generations older than ...

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Pay Hasn’t Stagnated for Fifty Years

“Real average hourly wages have not increased for fifty years.” That arresting claim appears in an essay by Matthew Schmitz in the latest issue of First Things. And you can find some support for that reading of the data. The Pew Research Center reports that the average wage in 1964, ...

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Doug Jones Roy Moore Victory Mischaracterized on Twitter

Every election seems to bring with it a torrent of wild extrapolation, and last night’s was no different. On Twitter, and beyond, elated Democrats were quick to draw all sorts of conclusions that do not seem to be supported by the evidence. Among them, that Alabamians are now comfortable with ...

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A Nervous Breakdown in the Press

Becket Adams has a good run-down of “Ten Terrible Days in the Life of Political Journalism.” In Bloomberg View, I write about how poorly the press is handling the Trump presidency. Botching stories is part of the problem, but there’s more to it than that. An excerpt: Some media organizations ...

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Roy Moore’s Defeat: How Much Credit Should Alabama Republicans Get?

I’m as relieved as anyone that Roy Moore will not be joining the Senate, and the conservatives who stayed home, wrote in a candidate, or voted for Doug Jones were a necessary ingredient in that outcome. But it’s also worth noting that the margin was just 1.5 percentage points. Most ...

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