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Wall Street Journal Editorial Board
The Editorial Board at ''The Wall Street Journal'' is the editorial board of the New York newspaper ''The Wall Street Journal''. The Editorial Board is known for its strong conservative positions which at times brings it into conflict with the ''Journals news side. Overview ''The Wall Street Journal'' editorial board members oversee the ''Journal'''s editorial page, dictating the tone and direction of the newspaper's opinion section. Every Saturday and Sunday, three editorial page writers and host Paul Gigot, editor of the Editorial Page, appear on Fox News Channel's ''Journal Editorial Report'' to discuss current issues with a variety of guests. As editors of the editorial page, Vermont C. Royster (served 1958–1971) and Robert L. Bartley (served 1972–2000) were especially influential in providing a conservative interpretation of the news on a daily basis.Richard Vetter, "Wall Street Journal", in Bruce Frohnen, ed. '' American Conservatism'' (2006), pp. 898–99. Histor ...
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Editorial Board
The editorial board is a group of experts, usually at a publication, who dictate the tone and direction the publication's editorial policy will take. Mass media At a newspaper, the editorial board usually consists of the editorial page editor, and editorial writers. Some newspapers include other personnel as well. Editorial boards for magazines may include experts in the subject area that the magazine focuses on, and larger magazines may have several editorial boards grouped by subject. An executive editorial board may oversee these subject boards, and usually includes the executive editor and representatives from the subject focus boards. Editorial boards meet on a regular basis to discuss the latest news and opinion trends and discuss what the newspaper should say on a range of issues. They will then decide who will write what editorials and for what day. When such an editorial appears in a newspaper, it is considered the institutional opinion of that newspaper. At some newspap ...
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Donald Trump
Donald John Trump (born June 14, 1946) is an American politician, media personality, and businessman who served as the 45th president of the United States from 2017 to 2021. Trump graduated from the Wharton School of the University of Pennsylvania with a bachelor's degree in 1968. He became president of his father's real estate business in 1971 and renamed it The Trump Organization. He expanded the company's operations to building and renovating skyscrapers, hotels, casinos, and golf courses. He later started side ventures, mostly by licensing his name. From 2004 to 2015, he co-produced and hosted the reality television series ''The Apprentice (American TV series), The Apprentice''. Trump and his businesses have been involved in more than 4,000 state and federal legal actions, including six bankruptcies. Trump's political positions have been described as populist, protectionist, isolationist, and nationalist. He won the 2016 United States presidential election as the Repu ...
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Floating Exchange Rate
In macroeconomics and economic policy, a floating exchange rate (also known as a fluctuating or flexible exchange rate) is a type of exchange rate regime in which a currency's value is allowed to fluctuate in response to foreign exchange market events. A currency that uses a floating exchange rate is known as a ''floating currency'', in contrast to a ''fixed currency'', the value of which is instead specified in terms of material goods, another currency, or a set of currencies (the idea of the last being to reduce currency fluctuations). In the modern world, most of the world's currencies are floating, and include the most widely traded currencies: the United States dollar, the euro, the Swiss franc, the Indian rupee, the pound sterling, the Japanese yen, and the Australian dollar. However, even with floating currencies, central banks often participate in markets to attempt to influence the value of floating exchange rates. The Canadian dollar most closely resembles a pure f ...
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Fixed Exchange Rate
A fixed exchange rate, often called a pegged exchange rate, is a type of exchange rate regime in which a currency's value is fixed or pegged by a monetary authority against the value of another currency, a basket of other currencies, or another measure of value, such as gold. There are benefits and risks to using a fixed exchange rate system. A fixed exchange rate is typically used to stabilize the exchange rate of a currency by directly fixing its value in a predetermined ratio to a different, more stable, or more internationally prevalent currency (or currencies) to which the currency is pegged. In doing so, the exchange rate between the currency and its peg does not change based on market conditions, unlike in a floating (flexible) exchange regime. This makes trade and investments between the two currency areas easier and more predictable and is especially useful for small economies that borrow primarily in foreign currency and in which external trade forms a large part of the ...
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Exchange Rate Regime
An exchange rate regime is a way a monetary authority of a country or currency union manages the currency about other currencies and the foreign exchange market. It is closely related to monetary policy and the two are generally dependent on many of the same factors, such as economic scale and openness, inflation rate, the elasticity of the labor market, financial market development, capital mobility ,etc. There are two major regime types: * ''Floating (or flexible) exchange rate'' regime exist where exchange rates are determined solely by market forces and often manipulated by open-market operations. Countries do have the ability to influence their floating currency from activities such as buying/selling currency reserves, changing interest rates, and through foreign trade agreements. * ''Fixed (or pegged) exchange rate'' regimes, exist when a country sets the value of its home currency directly proportional to the value of another currency or commodity. For years many curren ...
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Capital Gains Tax In The United States
In the United States of America, individuals and corporations pay U.S. federal income tax on the net total of all their capital gains. The tax rate depends on both the investor's tax bracket and the amount of time the investment was held. Short-term capital gains are taxed at the investor's ordinary income tax rate and are defined as investments held for a year or less before being sold. Long-term capital gains, on dispositions of assets held for more than one year, are taxed at a lower rate. Current law The United States taxes short-term capital gains at the same rate as it taxes ordinary income. Long-term capital gains are taxed at lower rates shown in the table below. (Qualified dividends receive the same preference.) However, taxpayers pay no tax on income covered by deductions: the standard deduction (for 2022: $12,950 for an individual return, $19,400 for heads of households, and $25,900 for a joint return), or more if the taxpayer has over that amount in itemized d ...
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Laffer Curve
In economics, the Laffer curve illustrates a theoretical relationship between rates of taxation and the resulting levels of the government's tax revenue. The Laffer curve assumes that no tax revenue is raised at the extreme tax rates of 0% and 100%, meaning that there is a tax rate between 0% and 100% that maximizes government tax revenue. The shape of the curve is a function of taxable income elasticity – i.e., taxable income changes in response to changes in the rate of taxation. As popularized by supply-side economist Arthur Laffer, the curve is typically represented as a graph that starts at 0% tax with zero revenue, rises to a maximum rate of revenue at an intermediate rate of taxation, and then falls again to zero revenue at a 100% tax rate. However, the shape of the curve is uncertain and disputed among economists. One implication of the Laffer curve is that increasing tax rates beyond a certain point is counter-productive for raising further tax revenue. In th ...
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Supply-side Economics
Supply-side economics is a macroeconomic theory that postulates economic growth can be most effectively fostered by lowering taxes, decreasing regulation, and allowing free trade. According to supply-side economics, consumers will benefit from greater supplies of goods and services at lower prices, and employment will increase. Supply-side fiscal policies are designed to increase aggregate supply, as opposed to aggregate demand, thereby expanding output and employment while lowering prices. Such policies are of several general varieties: #Investments in human capital, such as education, healthcare, and encouraging the transfer of technologies and business processes, to improve productivity (output per worker). Encouraging globalized free trade via containerization is a major recent example. #Tax reduction, to provide incentives to work, invest and take risks. Lowering income tax rates and eliminating or lowering tariffs are examples of such policies. #Investments in new capit ...
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Almar Latour
Almar Latour is a media executive and current CEO of Dow Jones and Company. Early life and education Latour grew up in the small Dutch town of Welten. During his childhood education he studied German, English, Dutch, and French. Through the Fulbright Program, Latour came to the United States in 1990 to study at the Indiana University of Pennsylvania. He graduated with Bachelor of Arts degrees in journalism and political science. He also earned a master's degree from American University. Career Latour began his career working at student newspaper ''The Penn'' as a feature editor, as a reporter for a newspaper at New York State's Chautauqua resort and interning at a Dutch newspaper, ''The Washington Times'' and at ''The Wall Street Journal'' where his story appeared on the front page of the European edition. In 1995, Latour was hired as a news assistant in the Washington bureau of ''The Wall Street Journal''. Latour spent time in the London bureau and then moved to the New ...
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Rupert Murdoch
Keith Rupert Murdoch ( ; born 11 March 1931) is an Australian-born American business magnate. Through his company News Corp, he is the owner of hundreds of local, national, and international publishing outlets around the world, including in the UK ('' The Sun'' and ''The Times)'', in Australia (''The Daily Telegraph, Herald Sun'', and ''The Australian)'', in the US (''The Wall Street Journal'' and the ''New York Post''), book publisher HarperCollins, and the television broadcasting channels Sky News Australia and Fox News (through the Fox Corporation). He was also the owner of Sky (until 2018), 21st Century Fox ( until 2019), and the now-defunct '' News of the World''. With a net worth of billion , Murdoch is the 31st richest person in the United States and the 71st richest in the world. After his father's death in 1952, Murdoch took over the running of '' The News'', a small Adelaide newspaper owned by his father. In the 1950s and 1960s, Murdoch acquired a number of new ...
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Ted Cruz
Rafael Edward "Ted" Cruz (; born December 22, 1970) is an American politician and attorney serving as the junior United States Senator from Texas since 2013. A member of the Republican Party, Cruz served as Solicitor General of Texas from 2003 to 2008. After graduating from Princeton University and Harvard Law School, Cruz pursued a career in politics. He worked as a policy advisor in the George W. Bush administration before serving as Solicitor General of Texas from 2003 to 2008. In 2012, Cruz was elected to the U.S. Senate, becoming the first Hispanic-American to serve as a U.S. senator from Texas. In the Senate, Cruz has taken consistently conservative positions on economic and social policy; he played a leading role in the 2013 United States federal government shutdown, seeking to force Congress and President Barack Obama to defund the Affordable Care Act. He was reelected in a close Senate race in 2018 against Democratic candidate Beto O'Rourke. In 2016, Cruz ran ...
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Sohrab Ahmari
Sohrab Ahmari ( fa, سهراب احمری, translit=Sohrāb Aḥmarī, translit-std=ALA-LC; born February 1, 1985) is an Iranian American columnist, editor, and author of nonfiction books. He is a founding editor of the online magazine ''Compact''. He is a contributing editor of ''The Catholic Herald'', and a columnist for ''First Things''. Previously, he served as the op-ed editor of the ''New York Post'', a columnist and editor with ''The Wall Street Journal'' opinion pages in New York and London, and as a senior writer at ''Commentary''. Ahmari is the author of ''The New Philistines'' (2016), a critique of how identity politics are corrupting the arts; ''From Fire, by Water'' (2019), a spiritual memoir about his conversion to Catholicism; and ''The Unbroken Thread: Discovering the Wisdom of Tradition in an Age of Chaos'' (2021). Early life and education Ahmari was born in Tehran, Iran. In his 2012 book, ''Arab Spring Dreams'', he writes that he was interrogated by security o ...
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