Obama to use Japan visit to reassure Asian allies

TOKYO (Reuters) - U.S. President Barack Obama will use a state visit to Japan on Thursday to try to reassure Asian allies of his commitment to ramping up U.S. engagement in the region, despite Chinese complaints that his real aim is to contain Beijing's rise.

Source: feeds.reuters.com
MSNBC Host Pens Radical Climate Manifesto

Byron York, DC Examiner
Before the cannons fired at Fort Sumter, the Confederates announced their rebellion with lofty rhetoric about #194;#147;violations of the Constitution of the United States#194;#148; and #194;#147;encroachments upon the reserved rights of the States.#194;#148; But the brute, bloody fact beneath those words was money. So much goddamn money.

Source: www.realclearpolitics.com

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Piketty's Capital Shortcomings

Thomas Piketty’s book Capital in the Twenty-First Century argues that CEO pay is too high and income taxes should be raised to compensate for capital returns that are greater than overall economic growth. Without greater wealth redistribution, Piketty argues, the wealthy will receive income at increasingly suboptimal levels. Piketty’s writing not only gets some basic facts wrong about the minimum wage, it also promulgates a baffling notion that CEO pay is but an "ideological construct" without adequate consideration of risk factors that shape compensation. My former Manhattan Institute colleague and fellow Forbes contributor Scott Winship points out the data constraints Piketty operates under, which lead him to undercount income among the bottom 90 percent. Without properly acknowledging the stratospheric rise in global quality of life wrought by capitalism, the book also lacks sufficient analysis of equality of consumption. This trend is much more meaningful in terms of quality of life across the income spectrum than Piketty’s data suggests, per Kevin Hassett with the American Enterprise Institute (where I research for a visiting scholar):

Source: www.forbes.com

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