Sam BowmanEncouraging piece here suggesting that this government intends to break with the protectionism of the May govt over foreign investment. The test will be whether the Cobham deal ends up with commitments on things like jobs or tax, unrelated to security.
Here’s a cool new paper. It tests whether people are willing to
substantially shift their opinions about immigration policy when they’re
given more information about it. The results suggest that people may be
doing less ‘motivated reasoning’...
Sam BowmanHere's some related evidence – new information about the economic impact of immigrants, which is largely positive, actually does change people's minds.
Middle class hostility to the working class and lower middle class is common, while working class and lower middle class hostility is practically non-existent.
Sam BowmanThis is interesting and strengthens my view that opposition to immigration on culture/integration grounds is more of a middle class / elite thing, and most people's concerns are to do with access to public services, jobs, etc.
Competition and Markets Authority to investigate offer from US group on national security grounds
Sam BowmanCoincidentally, the Cobham takeover has been blocked on national security grounds (on the old framework). The paper explains how this works too, and details the recent spike in national security tests (eg GKN-Melrose).
Sam BowmanOur paper by @JohnFingleton1 on the govt's proposals to bring in sweeping new national security powers over foreign takeovers of UK firms has had a big impact – the proposals went back to the drawing board. The Boris govt should drop them altogether now.
April 30 marks the 10-year anniversary of a Fed failure to respond to the onset of the Great Recession -- a mistake it could easily make again with its focus on inflation rate targeting, says George Selgin.
Over the last three months, the news has been filled with stories of people falling ill from a mystery lung ailment supposedly caused by vaping. The majority of the coverage has been incomplete, inaccurate, and done little more than scare and...