“A very successful businessman (and a major contributor to Democratic Party candidates and causes) once explained to me why he talked, acted, and thought like a Republican but never considered supporting any Republican candidate, ever. ‘We’ve already got the Republicans’, he told me. This is the transactional essence behind corporate support for Democrats in California, the one-party state. Republicans have no political power, and whenever the Democrats in the state legislature are surprisingly split on a matter of concern to business interests, the handful of Republican politicians will invariably cast pro-business votes. This has been going on for a long time. Democrats have controlled both houses of the state legislature since 1997 and the governorship since 2011. A signature moment came in 2010 when Jerry Brown defeated the hapless billionaire Republican Meg Whitman to begin his second two-term stint as governor.” (06/24/26)
“The off-again, on-again hostilities and opening of the Strait of Hormuz are prompting more creative and proactive thinking about global diplomacy and global markets. Governments are using the lulls to rev up stalled economic activities. And the key fossil fuel-producing nations of the Gulf are working quickly to establish alternative infrastructures of cooperation – as well as of concrete and steel. Already, Iraq – which has had tense relations with Syria for years – has been exporting its oil overland via tanker trucks to Syrian ports. And many Gulf states have pivoted to importing tons of timber, cement, and agricultural and consumer goods through those same ports. There are efforts to collaborate on new pipelines, storage facilities, and even a multicountry rail project. As the Monitor reported last week, these moves are ‘already reshaping regional trade and cementing new Mideast alliances’ among countries such as Turkey, Saudi Arabia, Qatar, Jordan, and Syria.” (06/23/26)
“From the self-proclaimed ‘most transparent administration in American history,’ the transparency offensive, ranging across the UAP files and the John F. Kennedy and Martin Luther King Jr. records, has been celebrated by boosters as a long-overdue reckoning with governmental secrecy. And to be sure, the argument is democratically intuitive: the government hides too much; a more transparent government is a more trustworthy one; an informed citizenry is an empowered one. It’s a tidy thesis, and one I think many people would endorse. Except it’s being weaponized—and the Trump administration’s information avalanche is the clearest proof.” (06/24/26)
“Rather than govern on the strength of his supermajority in Parliament, Starmer governed as though he had something to fear, spending his majority appeasing not the Conservatives he had beaten but a Reform he chased rightward as it climbed. Starmer had room to govern boldly. Instead, he governed in a crouch. … The bet was that the right’s goods in gentler packaging would deny the right its market. It failed twice over. The voters he hoped to hold by sounding tougher did not stay; they went to the people who meant it. The voters he might have inspired got nothing to be inspired by. He alienated the left without satisfying the right.” (06/23/26)
“As unhappy as Israel may be about it, there appears to be a ‘Memorandum of Understanding’ (MOU) between the United States and Iran. The MOU isn’t a final deal. It really only functions as a framework. Of course, it’s fragile. The durability of the MOU remains uncertain given broader regional tensions, including Israeli operations in Lebanon. Negotiations for a formal agreement are underway in Switzerland, and progress has been reported. The elephant in the room is what the MOU says, specifically regarding reconstruction, economic development, and sanctions relief.” (06/23/26)
“There is a lot of ongoing discussion about eliminating personal property taxes. There have been bills introduced to eliminate them. It’s a major topic of debate around the state, particularly in St. Charles County. Personal property taxes are the taxes levied on your car, boat, livestock, business equipment, farm equipment, and more. … if personal property taxes were eliminated, the Hancock Amendment would allow local governments to then raise real property taxes by the amount lost in personal property taxes. So, if the state eliminated all personal property taxes statewide, it would likely end up as a revenue-neutral switch where we taxed land and buildings slightly more and taxed mobile assets not at all while removing a tax that most people find particularly annoying. I think that would be a modestly beneficial switch; I just don’t want to sell it as a tax cut.” (06/23/26)
“Alan Greenspan’s obituary writers want to credit him with a single, flattering flaw: that he trusted markets too much. That charge is too generous, because Greenspan never left markets to run themselves. He used the power of the Fed to cultivate and reward financial innovation, making the financial system more fragile for it. Often misunderstood as an Ayn Rand acolyte, Greenspan was not a true libertarian. His creed was not ‘leave the market alone’ as much as it was to use the tools of the government to make the market faster and more inventive — and then stand by to catch it when it falls. Those actions fueled the soaring inequality and the economic crash of 2008. Greenspan was no bystander watching markets obey some ineffable logic. His obsession with financial innovation set the stage for the crisis.” (06/24/26)
“Last week, the Los Angeles City Council voted to place a charter amendment on the November 3 ballot to facilitate giving noncitizens a vote in city elections.” [editor’s note: Presumably “noncitizen” means “noncitizen of the US,” not “noncitizen of LA.” Sort of like how, as a US citizen, I get to vote in US elections whether I’m also a citizen of France or not – TLK] (06/23/26)
“This week marks the 21st anniversary of the Supreme Court ruling in Kelo v. City of New London. This landmark case allows local governments to take private properties by eminent domain, then transfer those properties to developers to promote economic development. Urban planners describe eminent domain, if used correctly, as a tool that can promote blight abatement, job creation, and tax base expansion. The Court did not express agreement with this in its ruling, but it said that as long as a local government’s plan for economic development was crafted through an open democratic process, then using eminent domain for economic development serves the public and is therefore legal. Taking homes and businesses by majority vote. If this strikes you as an idea ripe for unintended consequences, that’s because it is. Since Kelo, local governments across the country have advanced creative notions of public purpose.” (06/23/26)
“Matt Kroenig has wanted the U.S. to attack Iran for more than a decade. Now that he got the war he wanted and it failed, he is reduced to arguing this: ‘To be sure, the United States did not register a knockout punch against the Islamic Republic, but to continue the boxing metaphor, it did win on points.’ War isn’t a sport, and there is no winning on ‘points.’ The ghouls that cheered this war on treat war as if it were a video game where you get more ‘points’ with every person you kill or maim. How many ‘points’ did the U.S. get from massacring the innocent schoolgirls in Minab with missiles? If the U.S. won, as Kroenig insists, what did we win? What does the U.S. have now that it didn’t have before?” (06/23/26)
