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Colleges are cutting tuition for MBA programs. But it’s not out of charity or because they got another taxpayer-funded subsidy to “fix” exploding higher education prices. Rather, and perhaps counterintuitively, it’s because Uncle Sam finally capped the previously unlimited federal loans for graduate students. At first blush, this sounds like it would make the problem worse. Fewer borrowing options for students seems like it would shift more of the cost of attendance to today, when students are young with relatively low incomes. But that assumes—unrealistically—that the cost of education is fixed, and that colleges don’t respond to changes in the market.

‘The exodus from California is real, troubling, and has become too large to ignore.” That was the message of “California Migrating,” the Pacific Research Institute’s report in 2021 on the mass migration of Californians to other states. The trend has not abated since. From 2020 to 2025, California lost nearly 1.7 million more people due to net domestic migration – meaning that more Americans moved out than in. And this exodus was widespread – 44 of California’s 58 counties were on the losing end. That is real, and troubling. But there is a tiny silver lining. Census data show that 14 of California’s counties—

As an initial matter, China's regime has no red lines and no principles. It moves its "lines" as a result of changing perceptions of its own bargaining position. At the moment, Xi's favored form of diplomacy is intimidation, so he tries to make it appear that he will never change his positions.... [E]verything, including Taiwan, is ultimately negotiable for him. The inability of the Chinese military gives the U.S. the cost-free opportunity to arm Taiwan. Taiwan...is not a "bargaining chip." Taiwan to American security. Taiwan prevents China's navy and air force from surging into the Pacific and threatening America and our democratic allies, such as Australia, Japan and the Philippines, close to home.