Commentary: Stumbling into Nuclear War

Ukraine and Russia leaders

In a story that deserves more attention, Ukraine recently attacked a Russian early warning radar facility designed to detect nuclear attacks. This insane action conferred no military advantage on Ukraine—the station monitored potential launches in the Middle East—but it carried with it the risk of igniting a nuclear war. From the perspective of the country being attacked, the only reason to attack an early warning system would be to blind one’s enemy as a prelude to a nuclear attack.

Nuclear war is the most dangerous game. It means the end of civilization. If this horror show ever comes to pass, it is likely more than half of the people on our planet will die. Many console themselves that they’ll die instantly and that most of the consequences will borne by others, but no one can be sure.

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Commentary: Unemployment Remains Unchanged at 3.8 Percent as Record 11.1 Million Seniors Still Working

Labor markets appeared buoyed by still-working Baby Boomers in September as the unemployment rate remained unchanged at 3.8 percent, with 296,000 seniors finding jobs in the Bureau of Labor Statistics’ household survey.

With more than 11.1 million seniors still working — a national record — peak employment still abounds, even as a massive 47.21 million seniors are no longer in the labor force — also a record — amid the Baby Boomer retirement wave that has seen those 65-years-old-and-older not in the labor force have increased about 19 million the past 25 years.

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Commentary: Could the Baby Boomer Retirement Wave and Labor Shortages Absorb the Recession?

The national unemployment rate dipped to 3.5 percent in July, according to the latest data from the Bureau of Labor Statistics, once again hitting more than 50-year lows.

It’s still peak employment as far as the eye can see. Even with the past two years’ high inflation dropping dramatically and disinflation usually correlating with higher unemployment and a recession, that simply has not occurred yet, despite all the warning signs typically associated with an economic slowdown or downturn.

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Commentary: Insane Deficit Spending Is Immoral

In Armageddon, Bruce Willis blows himself up on an asteroid to save his daughter and all of humanity. (Sorry for the spoiler, but the movie is 25 years old.) That theme—parents providing for, and sacrificing for, their children—is the deeply moral and moving story that Americans used to love. 

I say “used to,” because something troubling has happened. We now accept that young people should be worse off for a lifetime in order to benefit those who have already lived full, comfortable lives. We saw this during COVID-19, when an elderly leadership class locked children out of classrooms, playgrounds, friendships, and sports, and wiped out jobs, training, and mentorship for young workers.

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Commentary: Biden’s Fumble on Corporate Taxes Would Leave Retirees in the Cold

During his State of the Union address, President Joe Biden showed that when it comes to taxes, he is playing a game of yards, because companies, in his view, simply make too much money.

In his “Finish the Job” speech, Biden ran right up the middle of the field of investments set aside by workers who for decades thought they had made wise decisions on their own retirement plans.

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