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☆ State Tax Masochism by the Sea
▼ + stars: | 2023-10-29 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week’s best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/Reuters Composite: Mark KellyOne great benefit of America’s federalist Constitution is policy competition among the states. Voters in Florida don’t have to live under New York’s laws, and Americans and businesses can vote with their feet by moving across state lines. That truth came into focus again last week when the Tax Foundation released its annual ranking of state business tax climates, and there’s a yawning gap between the winners and losers. The worst stack up punishing rates, making new business much more difficult and costly.

Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly Organizations: Reuters, Voters, Tax Foundation Locations: Florida

☆ I Backed Trump, but Now I’m for Haley
▼ + stars: | 2023-10-27 | by ( Andrew Stein | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Dan Henninger, Mary O’Grady and Kim Strassel. Images: Reuters/AFP/Getty Images/Bloomberg News Composite: Mark KellyI supported Donald Trump twice, but I now think the country would be best served with a different candidate in 2024—Nikki Haley. Mr. Trump did a good job as president, from improving the economy to securing the border and maintaining world peace. But a Trump re-election would be difficult, and half the country will never accept him as president. It would keep us divided while we face international situations that require this country to be unified.

Persons: Dan Henninger, Mary O’Grady, Kim Strassel, Mark Kelly, Donald Trump, — Nikki Haley, Trump Organizations: AFP, Getty, Bloomberg

☆ $8.99 Cereal Could Rock the Globe
▼ + stars: | 2023-10-25 | by ( William A. Galston | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Dan Henninger, Mary O’Grady and Kim Strassel. Images: Reuters/AFP/Getty Images/Bloomberg News Composite: Mark KellyThe course of world affairs may depend on the price of a box of cereal. The president is commander in chief of America’s military and the chief steward of its foreign policy. In international affairs, unlike in domestic policy, the president’s choices are often decisive. And when presidential candidates’ visions about foreign affairs fundamentally differ, as they almost certainly will in 2024, the outcome of the election will shape the fate of many nations.

Persons: Dan Henninger, Mary O’Grady, Kim Strassel, Mark Kelly Organizations: AFP, Getty, Bloomberg Locations: U.S

☆ Get Ready for a Short-Lived Economic Boom
▼ + stars: | 2023-10-24 | by ( Stephen Miran | ) www.wsj.com time to read: +1 min

Journal Editorial Report: The week's best and worst from Dan Henninger, Mary O’Grady and Kim Strassel. Images: Reuters/AFP/Getty Images/Bloomberg News Composite: Mark KellyThe Bureau of Economic Analysis will release its third-quarter economic-growth estimate Thursday, and expectations are stratospheric. The Atlanta Federal Reserve suggests gross domestic product might have grown at an annual rate of more than 5%. The answer lies in the unexpected loosening of fiscal and monetary policy in 2023. After taking account of the Biden administration’s unsuccessful attempt to forgive student loans, the deficit unexpectedly doubled this year to about $2 trillion, according to the Congressional Budget Office.

Persons: Dan Henninger, Mary O’Grady, Kim Strassel, Mark Kelly The, Biden Organizations: AFP, Getty, Bloomberg, Atlanta Federal Reserve, Congressional

☆ Home Sellers Take On the Realtors Cartel
▼ + stars: | 2023-10-23 | by ( Allysia Finley | ) www.wsj.com time to read: +1 min

Journal Editorial Report: The week's best and worst from Dan Henninger, Mary O’Grady and Kim Strassel. Images: Reuters/AFP/Getty Images/Bloomberg News Composite: Mark KellyThe 1.5 million-member National Association of Realtors spent $81.7 million on political lobbying in 2022, more than any other business group. Consider Burnett v. NAR, a federal class-action suit that Missouri home sellers have brought against the association. The case, which went to trial last week, presents an existential threat to the cartel. If the plaintiffs prevail, home buyers and sellers could save $120 billion in fees each year.

Persons: Dan Henninger, Mary O’Grady, Kim Strassel, Mark Kelly, Burnett Organizations: AFP, Getty, Bloomberg, National Association of Realtors, NAR Locations: Missouri

☆ The Auto Makers Cry for EV Mercy
▼ + stars: | 2023-10-23 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Dan Henninger, Mary O’Grady and Kim Strassel. Images: Reuters/AFP/Getty Images/Bloomberg News Composite: Mark KellyGeneral Motors last week said it is delaying electric pick-up truck production in Michigan, citing slowing demand for EVs and the need to make them more profitable. But the Biden Administration’s back-door EV mandate is ironically causing trouble for its plans for green-vehicle investment. On Sept. 14, the day before the United Auto Workers launched its strike, the Energy Department sent letters to Ford, General Motors and Stellantis asking for help understanding “specific challenges” to its proposed rule that would reduce the credits under the corporate average fuel economy (Cafe) standards for producing electric vehicles.

Persons: Dan Henninger, Mary O’Grady, Kim Strassel, Mark Kelly General, Biden, Ford, ” Organizations: AFP, Getty, Bloomberg, Mark Kelly General Motors, United Auto Workers, Energy Department, General Motors Locations: Michigan

☆ Another Black Monday May Be Around the Corner
▼ + stars: | 2023-10-23 | by ( John Greenwood | Steve H. Hanke | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Dan Henninger, Mary O’Grady and Kim Strassel. Images: Reuters/AFP/Getty Images/Bloomberg News Composite: Mark KellyThe Federal Reserve’s policies are threatening U.S. financial markets and the economy. They are in danger of a steep recession and the risk of a repeat of 1987’s Black Monday. Early in the pandemic, the volume of U.S. dollars in circulation soared. That is more than three times the appropriate rate for hitting the Fed’s 2% inflation target.

Persons: Dan Henninger, Mary O’Grady, Kim Strassel, Mark Kelly Organizations: AFP, Getty, Bloomberg

☆ The Future of the NFL
▼ + stars: | 2023-10-03 | by ( ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/AFP/Getty Images Composite: Mark KellyEditor’s note: In this Future View, students discuss the National Football League. Next we’ll ask: “Homeland Security data say that more than two million migrants have been apprehended crossing the U.S. border with Mexico in 2023. And that number doesn’t include those who successfully evaded the border patrols. What should America do about this massive influx?” Students should click here to submit opinions of fewer than 250 words before Oct. 10.

Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly Editor’s Organizations: Getty, National Football League Locations: U.S, Mexico, New York, Washington, America

☆ The Rise and Fall of SBF
▼ + stars: | 2023-10-02 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn and Dan Henninger. Images: AP/AFP/Getty Images Composite: Mark KellyI first got to know author Michael Lewis, then of “Liar’s Poker” fame, when in the mid-1990s I took him around Silicon Valley in an old beat-up convertible. I told stories and showed him where the first integrated circuit and microprocessor were invented, plus Xerox Parc and its beanbag chairs, Hewlett Packard and Intel. As we drove around, I shared my history with entrepreneur Jim Clark, his time at Silicon Graphics and early days with Netscape, and of the venture capitalist Glenn Mueller, who committed suicide after being denied access to invest.

Persons: Kim Strassel, Bill McGurn, Dan Henninger, Mark Kelly, Michael Lewis, “, Hewlett, Jim Clark, Glenn Mueller Organizations: Getty, Xerox Parc, Hewlett Packard, Intel, Silicon Graphics, Netscape Locations: Silicon

☆ The Best and Worst Dressed Senators
▼ + stars: | 2023-09-28 | by ( Joseph Epstein | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Mene Ukueberuwa and Kyle Peterson. Images: AP/Getty Images/Zuma Press Composite: Mark KellyWhen I began teaching at Northwestern University half a century ago, I had to decide what to wear to work. Fifteen or so years before, the question would never have arisen. I would have worn a suit or sport jacket and pleated trousers, always a tie. That was before the 1960s, revolutionary in so many ways, including how professors could dress.

Persons: Kim Strassel, Mene Ukueberuwa, Kyle Peterson, Mark Kelly Organizations: Getty, Northwestern University

☆ Indexing Is Still the Best Bet for Investors
▼ + stars: | 2023-09-14 | by ( Burton G. Malkiel | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: Zuma Press/EPA/Shutterstock Composite: Mark KellyActive portfolio managers claim that agile stock picking is the best way to invest. Many have lately argued that simple indexing is a bad strategy in today’s environment because the stock market is dangerously “narrow.” Seven stocks—Alphabet, Amazon , Apple , Meta , Microsoft , Nvidia and Tesla—constitute close to 20% of the S&P 500’s value and have been responsible for almost 90% of the index’s gains this year. Now these “Magnificent Seven” are beginning to falter. The simple index investor, the active managers warn, will soon be overly concentrated in a small number of stocks that are overpriced and have been hyped by the promise of artificial intelligence.

Persons: Kim Strassel, Kyle Peterson, Dan Henninger, Kelly Organizations: Zuma Press, Apple, Meta, Microsoft, Nvidia, Tesla

☆ Makers vs. Taylor Swift Shakers
▼ + stars: | 2023-09-11 | by ( Andy Kessler | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson and Dan Henninger. Images: Zuma Press/EPA/Shutterstock Composite: Mark Kelly“I think Taylor Swift is great for the soft landing,” Columbia Business School economist Brett House declared in the New York Times . Not wanting a recession, I almost rushed out and bought $1,000 tickets and $25.99 friendship bracelets, but then I remembered that isn’t how the economy works. There are two sides of the economy: the productive side and the spend side. We have makers and, appropriate to Swifties, shakers.

Persons: Kim Strassel, Kyle Peterson, Dan Henninger, Mark Kelly “, Taylor Swift, Brett House Organizations: Zuma Press, Columbia Business School, New York Times

☆ Regulators Gone Wild
▼ + stars: | 2023-08-15 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Kate Bachelder Odell, Allysia Finley and Dan Henninger. Image: Scott Morgan/ReutersThe Supreme Court has reined in some of the Biden Administration’s regulatory excesses, but the federal bureaucracy is relentless. And now the White House is quietly changing its analytical methods to make it easier to impose new rules while disguising their cost. If you think regulation has been running amok in the last two years, buckle up.

Persons: Kim Strassel, Kate Bachelder Odell, Allysia Finley, Dan Henninger, Scott Morgan Organizations: Biden

☆ The Fire in Maui and the Lesson of Greece
▼ + stars: | 2023-08-13 | by ( Costas Synolakis | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Kate Bachelder Odell, Allysia Finley and Dan Henninger. Image: Scott Morgan/ReutersWhat went wrong in Maui? Last week a fire burned the historic city of Lahaina to the ground and killed at least 93 people, the deadliest U.S. wildfire in more than a century. Some local politicians have called the fire the worst natural disaster in Hawaii’s history, and compared it with the 1960 tsunami in Hilo, although a 1946 tsunami in Hilo, caused by an earthquake in Alaska, killed 158.

Persons: Kim Strassel, Kate Bachelder Odell, Allysia Finley, Dan Henninger, Scott Morgan Organizations: Reuters Locations: Maui, Lahaina, Hilo, Alaska

☆ China’s Deflation Danger Isn’t What You Think
▼ + stars: | 2023-08-11 | by ( Joseph C. Sternberg | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson, Kate Bachelder and Dan Henninger Images: Reuters/AP Composite: Mark KellyIf you’re American or European, your first thought on hearing this week that China is slipping into deflation probably was, “We should be so lucky.” Undeterred, investors now are fretting about price declines in China, although probably for the wrong reasons. As with anything involving China’s economy, what’s really happening is complex.

Persons: Kim Strassel, Kyle Peterson, Kate Bachelder, Dan Henninger, Mark Kelly, “, ” Organizations: AP Locations: China

☆ A Gambit to Duck Supreme Court Review
▼ + stars: | 2023-08-07 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Kyle Peterson, Kate Bachelder and Dan Henninger Images: Reuters/AP Composite: Mark KellyAbuse of the U.S. legal system is rampant, and the Supreme Court has agreed to address an egregious example that has roiled and divided lower courts. But the plaintiff who started it all is now trying to dodge High Court review by claiming her case is moot. Let’s hope she and her lawyers don’t get away with it.

Persons: Kim Strassel, Kyle Peterson, Kate Bachelder, Dan Henninger, Kelly, don’t Organizations: AP

☆ ‘Lazy Girl Jobs’ Won’t Make Gen Z Less Anxious
▼ + stars: | 2023-07-24 | by ( Suzy Welch | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn and Jason Riley. Images: Zuma Press/Invision/AP Composite: Mark KellyJust when you thought Gen Z couldn’t get more annoying, it has a new trend: Lazy Girl Jobs. According to a 20-something self-styled life coach on TikTok, this entails leaning into, no, not exciting and meaningful careers—take that, Sheryl Sandberg—but low-stress, mostly or completely remote jobs paying $60,000 to $80,000 so that you can enjoy lives of non-work-focused safety and comfort. She recommends looking for openings like “Marketing Associate” and “Customer Success Manager” and in one video declares (if one can declare anything in a monotone): “The whole point is for us to go live our lives and be amazing humans.”

Persons: Kim Strassel, Bill McGurn, Jason Riley, Mark Kelly, Z, Sheryl Sandberg, ” Organizations: Zuma, TikTok

☆ The Doctor Won’t See You Now
▼ + stars: | 2023-07-17 | by ( Andrew Hartz | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Bill McGurn, Mary O’Grady and Dan Henninger. Images: AP/EPA/Shutterstock/Reuters/Zuma Press Composite: Mark KellyA patient came to a clinic where I worked a few years ago. He was looking for help with depression but also told his therapist that he was feeling frustrated after having lost out on a research fellowship. The patient, who was white, felt the reason was affirmative action. They argued that it would be unfair for a clinician of color to have to provide therapy to a “racist” patient.

Persons: Kim Strassel, Bill McGurn, Mary O’Grady, Dan Henninger, Mark Kelly, didn’t Organizations: Reuters, Zuma

☆ Hottest Days Ever? Don’t Believe It
▼ + stars: | 2023-07-08 | by ( Steve Milloy | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's best and worst from Kim Strassel, Allysia Finley, Bill McGurn and Dan Henninger. Images: EPA/AP/PA/Reuters Composite: Mark KellyThe global-warming industry has declared that July 3 and 4 were the two hottest days on Earth on record. The reported average global temperature on those days was 62.6 degrees Fahrenheit, supposedly the hottest in 125,000 years. The claimed temperature was derived from the University of Maine’s Climate Reanalyzer, which relies on a mix of satellite temperature data and computer-model guesstimation to calculate estimates of temperature.

Persons: Kim Strassel, Allysia Finley, Bill McGurn, Dan Henninger, Mark Kelly Organizations: Reuters, University of Maine’s

☆ In Union Votes, 11% Can Make a Majority
▼ + stars: | 2023-06-25 | by ( F. Vincent Vernuccio | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's worst and best from Kim Strassel, Kyle Peterson and Dan Henninger. Image: Richard B. Levine/Zuma PressShould three people control the future of a coffee shop with 28 employees? In an election last year, three workers voted to unionize, one voted no, and 24 didn’t participate. The election hasn’t been certified by the National Labor Relations Board, but it illustrates a problem in many unionization campaigns. Unions should be required to secure approval by a certain threshold of workers before organizing a business.

Persons: Kim Strassel, Kyle Peterson, Dan Henninger, Richard B, Levine Organizations: National Labor Relations Board Locations: Riverside , Calif

☆ ProPublica’s Fishing Expedition for Justice Alito
▼ + stars: | 2023-06-22 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's worst and best from Kim Strassel, Kyle Peterson and Dan Henninger. Image: Richard B. Levine/Zuma PressThe political assault on the Supreme Court continues, and the latest Justice in the grinder is Samuel Alito . ProPublica reports that the Justice went on a fishing trip to Alaska with a billionaire in 2008 and didn’t report it on his annual Court disclosure form. As usual, this is a non-scandal built on partisan spin intended to harm the Justice and the current Court majority.

Persons: Kim Strassel, Kyle Peterson, Dan Henninger, Richard B, Levine, Samuel Alito, ProPublica Organizations: Zuma Locations: Alaska

☆ Justice Samuel Alito: ProPublica Misleads Its Readers
▼ + stars: | 2023-06-20 | by ( Samuel A. Alito Jr. | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's worst and best from Kim Strassel, Kyle Peterson and Dan Henninger. Image: Richard B. Levine/Zuma PressEditor’s note: Justin Elliott and Josh Kaplan of ProPublica, which styles itself “an independent, nonprofit newsroom that produces investigative journalism with moral force,” emailed Justice Alito Friday with a series of questions and asked him to respond by noon EDT Tuesday. They informed the justice that “we do serious, fair, accurate reporting in the public interest and have won six Pulitzer Prizes.” Here is Justice Alito’s response:

Persons: Kim Strassel, Kyle Peterson, Dan Henninger, Richard B, Levine, Justin Elliott, Josh Kaplan, ProPublica, ”, Alito

☆ Virginia Tech’s Bias Response Team and the First Amendment
▼ + stars: | 2023-06-12 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's worst and best from Kim Strassel, Bill McGurn, Mary O’Grady and Dan Henninger. Images: AFP/Getty Images Composite: Mark KellyThe advertising catchphrase “see something, say something” calls to mind suspicious packages that might be bombs. At Virginia Tech, that slogan applies to the school’s official Bias Intervention and Response Team, or BIRT. Hokies are encouraged to report one another’s ill-considered opinions or crass jokes. On May 31 the Fourth Circuit Court of Appeals declined to end this, but a dissent by veteran Judge J. Harvie Wilkinson III is a persuasive signal flare for the Supreme Court to take the case and defend free speech.

Persons: Kim Strassel, Bill McGurn, Mary O’Grady, Dan Henninger, Mark Kelly, BIRT, Judge J, Harvie Wilkinson Organizations: Getty, Virginia Tech, Hokies

☆ Biden’s High-Speed Car Crash Is Waiting to Happen
▼ + stars: | 2023-06-12 | by ( Allysia Finley | ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's worst and best from Kim Strassel, Bill McGurn, Mary O’Grady and Dan Henninger. Images: AFP/Getty Images Composite: Mark KellyA Tesla Model S abruptly shifted lanes and braked on the San Francisco-Oakland Bay Bridge last Thanksgiving, causing an eight-car pileup that injured nine, including a toddler. The driver claimed to have been using the car’s full self-driving function, which appears to have malfunctioned. Complaints of “phantom braking” even when Teslas aren’t “self-driving” have been piling up too.

Persons: Kim Strassel, Bill McGurn, Mary O’Grady, Dan Henninger, Mark Kelly, Tesla Organizations: Getty, San Locations: San Francisco, Oakland

☆ ‘Funemployment’ and the Gen Z Job Market
▼ + stars: | 2023-05-30 | by ( ) www.wsj.com time to read: 1 min

Journal Editorial Report: The week's worst and best from Kim Strassel, Kyle Peterson and Dan Henninger. Images: AP/Zuma Press Composite: Mark KellyEditor’s note: In this Future View, students discuss “funemployment,” a term being used by Gen Z. Next week we’ll ask, “Were people right to boycott Bud Light and Target for their stands on political issues? Or should companies endorse political agendas?” Students should click here to submit opinions of fewer than 250 words before June 6. The best responses will be published that night.

Persons: Kim Strassel, Kyle Peterson, Dan Henninger, Mark Kelly Editor’s, “, Gen Z, Bud Light Organizations: Zuma, Target

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