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The U.S. Must Face Up to China's Trade Challenges

China has been a member of the World Trade Organization for almosttwo years but is still dragging its heels on fulfilling its WTOcommitments. Because it is clear that China will not change itsbehavior unless it faces credible prospects of retaliation,persuading it to comply with its WTO obligations will take acombination of economic leverage and diplomatic pressure. ....

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The Medicare Drug Entitlement's High Cost to Seniors withEmployer-Based Coverage

The House and Senate each deliberately ignored the Joint EconomicCommittee's sober warning  when passing different versions ofMedicare legislation (H.R. 1 and S. 1), providing a universal drugentitlement: That entitlement will massively disrupt, one way oranother, existing private drug coverage for millions of seniors,particularly the drug coverage provided by employer plans. ....

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