University of California, Irvine
Professor of Economics and Public Policy at the University of California, Irvine; author of The Coming China Wars: Where They Will Be Fought and How They Can Be Won and Crouching Tiger: What China's Militarism Means for the World; writer-director of the film Death by China; senior policy advisor to the Trump campaign
It's Clinton's turn to attack Trumponomics On Monday, Donald Trump delivered his economic plan to the Detroit Economic Club, promising a room full of suits that he'll cut taxes across the board. Today, Hillary Clinton delivered her plan to blue-collar workers at a factory in a Detroit suburb, calling Trump's plan "the Friends and Family Discount." She wants to cut taxes, too, but with increases for the upper-income Americans she claims have been getting richer while others are being left behind. We hear about those and other differences on what's called the essential issue of every presidential campaign.
Another President Seeks Common Ground with a Former Enemy In Vietnam, Bill Clinton healed the wounds of war; George W. Bush stopped off to talk economics. Barack Obama has different reasons for visiting. Today in Hanoi, he announced the end of an arms embargo that dates back to 1975 — sending a message clearly intended for China. It's all about the South China Sea, where Chinese oil drilling and military expansion intrude on some of the world's most vital waterways. Mr. Obama did not let concerns about human rights get in the way. Human rights groups the end of the embargo to be conditioned on the release of political prisoners, an end to the beating of protesters and other human rights abuses.
International Trade and Rust Belt Voters International trade deals have become a real issue on the presidential campaign trail. Trade is especially important in rust belt states like Ohio, which will vote today. Groups like the WTO, and deals like NAFTA, CAFTA, and most recently the Trans Pacific Partnership, or TPP, have come under attack by some of the candidates, particularly in the Midwest. The criticism has been that these deals have boosted other countries’ economies at the expense of our own. But is the story different in California?
Taiwan's President Meets China's President for the First Time Ever Leaders of Taiwan and Mainland China had a surprise today for the rest of the world. They're about to meet — for the first time in history. In 1949, Mao Zedong's Communist forces defeated Nationalist leader Chiang Kai-sheck, who established the island of Taiwan as his capital. There have been "Two Chinas" ever since. Saturday, the Presidents of those countries have agreed to a meeting in Singapore. Peter Navarro is a professor at the University of California at Irvine and author of the recent book, Crouching Tiger: What China's Militarism Means for the World . Photo: (L-R) President Ma Ying-jeou of Taiwan ( Jiang ) and President Xi Jinping of Mainland China ( Erin Kirk-Cuomo )
UC Irvine Professor's Film Paints Grim Picture of US-China Relationship Late one thanksgiving night and early on Black Friday morning, shoppers leaving appliance stores are asked to guess where the products they purchased came from. Most of them guess it was China… and they’re mostly right. That’s the beginning of the documentary film, Death by China , written, produced and directed by UC Irvine economics professor Peter Navarro.
Are California Cities on the Ropes? The San Bernardino City Council met last night to talk about financial problems and bankruptcy was on the agenda, but nobody expected what actually happened. By a vote of 4-to-2 the council voted to seek protection from the city's creditors. Mayor Patrick Morris said the only alternative to bankruptcy would be "draconian cuts to all city services," even police and fire. They couldn't make the payroll. San Bernardino joins Mammoth Lakes and Stockton as California's third bankrupt city in just the past few weeks.
Stockton Will File for Bankruptcy Last night, the California City of Stockton adopted a new budget to allow it to operate under bankruptcy. It's the nation's largest city so far to seek protection from creditors. But it may not be the last. Peter Navarro is professor at the Paul Merage School of Business at the University of California at Irvine.
Stock Market Sell-Off, Easing Up or Just Beginning? After yesterday's partial recovery, international financial markets dropped again today, but not as drastically as they did on Tuesday. Today, the Down Jones Industrial Average dropped 200 points in the first minutes of trading. Since then, it and other indexes have been creeping back up. In the US--the world's largest economy--various measures sent mixed messages as analysts tried to figure out what's going on. Is there a slowing economy or just a bump in the road?
Is the threat from Russia missing from the Russia meddling probe? There's much being made about the Trump administration's possible ties with Russia. But the bottom line is Russia's effort to influence American democracy. Do the President and his aides care enough to take action before voters go back to the polls?
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.