
James A. Dorn
October 30, 2015 marked the 50th anniversary of President Lyndon Baines Johnson signing the Immigration and Nationality Act of 1965. It removed the atrocious racial barriers in immigration law but also restricted economic migration — especially from the Western Hemisphere. We continue to struggle with its mixed legacy, particularly now that a spotlight is shining on our dysfunctional immigration system.
The grand coalition of Chancellor Angela Merkel’s center-right CDU and the center-left SPD is showing signs of strain. This, however, is not cause for concern given the conflicting policy preferences of the governing parties — which include the CDU’s Bavarian sister party, the CSU — and the series of regional crises that Merkel has had to manage over the last two years.
On October 5, 2015, after an intense few days of negotiations, government officials from the United States and 11 other Pacific region countries announced the conclusion of the Trans-Pacific Partnership (TPP), a trade deal involving countries making up almost 40 percent of the world’s gross domestic product. Specific details of the agreement are still lacking, but by any measure this deal will be one of the largest in history. However, the work is not done yet.
For baffling reasons, Russia is perceived as a world power that rivals America. Look beneath the veneer of Putin’s bluster and you’ll find a country in deep financial distress that is on the verge of economic collapse. The culprit is oil. The price of a barrel of oil has been cut roughly in half since June 2014, reaching levels last seen during the depths of the 2009 recession.
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