Politics

He would dissent even as the Fed cuts because the president wants more cuts than the Fed is pondering

President Trump announced he was nominating Stephen Miran to fill vacant seat on Fed's Board of Governors

Miran would serve through January of next year

Fed will cut two times by end of year in October and December

Restrained strategy would increase competition

60 Minutes piece should spark debate about how US purchases weapons systems

Strategy calls for US to be prepared to go everywhere and do everything

Restrained strategy could be carried out for far less money

Arms industry and allies are intent on making changes permanent

This does nothing to enhance defense and everything to enrich military corporations

Biden administration’s National Defense Strategy is exercise in military overreach

National Defense Strategy increases pressure for military-industrial complex to pump out weapons rapidly

Restrained strategy would buy time to restructure arms industry

Pentagon has limited leverage when negotiating prices or holding contractors accountable

Efforts to ameliorate problems face uphill battle in Congress

Lack of oversight will be exacerbated by push to expand production

These companies make most bombs missiles combat aircraft helicopters tanks other major weapons systems purchased by US government

The government leveraged it to freeze assets at the Apple Daily arrest other employees and eventually shutter it entirely

Authorities obtained a conviction on the third count publishing seditious material using colonial-era legislation to argue that Lai's publication incited people to rebel against the government

Lai had an advantage however