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Peter Morici

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Donald Trump

How Donald Trump Could Become President

Convincing victories by political outsiders in New Hampshire demonstrate without doubt most voters are disgusted with both political parties. The electorate will probably make one of them—more likely Donald Trump—the next Commander in Chief.

Republican presidential candidate Donald Trump cheers the introduction of Roman Gonzalez of Nicaragua and Brian Viloria before their WBC flyweight title bout at Madison Square Garden in New York on Saturday, Oct. 17, 2015. Gonzalez won. (AP Photo/Rich Schultz)

Trump’s Got It Right on Trade

Donald Trump has been savaged by economists and the media aligned with establishment candidates for tough positions on trade—including a 45 percent tariff on imports to force China to the negotiating table.

McDonald's

Why Good Jobs Are Too Few, Wages Too Low

Americans are justified to be angry about the economic recovery. As President Obama enters his final year, good-paying jobs remain scarce, and family incomes are down about $1650 on his watch.

christmas-lights

A Professor’s Message for the Holidays

It’s time to put aside your troubles and celebrate. At Christmas, your creditors, competitors and even the neighbor who complains about your son’s electric guitar offers a smile and wishes you well.

REUTERS/LUCAS JACKSON

The West Should Unite to Crush ISIS

Terrorist attacks in Paris plainly illustrate U.S. and European efforts to thwart terrorism have failed, and a western ground force will be necessary to defeat ISIS.

US-POLITICS-OBAMA-MINIMUM WAGE

The Terrible Cost of Demagoguery

President Obama’s justification for nixing the Keystone Pipeline was yet another example of Oval Office demagoguery—a destructive impulse also rampant among those vying to succeed him.

Wal-Mart

Troubles at Wal-Mart, IBM and the New American Century

With Wal-Mart sales and profits falling, pundits are asking if the economy is again headed down. Hardly, like IBM and other business icons in trouble, the Arkansas retailer is simply being squeezed by better competitors—and mostly Americans—who herald a new age of American innovation.

AFP

Putin’s Airstrikes in Syria Undermine NATO, Destabilize Middle East

President Putin’s decision to deploy aircraft in Syria and bomb opponents of President Assad may be “a recipe for disaster” as President Obama asserts, but it neatly exploits U.S. and western European vulnerabilities in the region. It also gives Russia leverage to undermine NATO and destabilize the oil-rich Middle East.

Migration Crisis

Refugee Crisis Lays Bare EU Dysfunctions, Cultural Silos

The millions of refugees pouring into Europe should prove a boon to its slow growing economies. However, with unemployment so high in austerity burdened Mediterranean states, German eagerness to fill jobs with Syrians and other refugees is an indictment of the EU’s dysfunctional economy and cultural rigidities.

AP Photo/Alex Brandon

Five Things to Know About the Fed Raising Interest Rates

Since 2008, the Federal Reserve has kept the federal funds rate—the banks’ overnight borrowing rate—near zero. Now more confident about prospects for growth and inflation, policymakers are preparing to raise those short-term rates—perhaps at the conclusion of their two day meeting on Thursday or later this year.