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Christopher DeMuth: Trump vs. the Deep Regulatory State
Posted: November 17, 2017 at 06:10 PM (Friday)

The tempestuous president is overseeing a principled, far-reaching reform of agencies that had exceeded their constitutional writ. Federal regulation has been growing mightily since the early 1970s, powered by statutes that delegate Congress’s lawmaking authority to mission-driven executive agencies. Beginning in 2008, the executive state ...


Lamar Alexander: GOP Tax Plan & Wind Production Tax Credit
Posted: November 17, 2017 at 04:30 PM (Friday)

It's an expensive, wasteful subsidy to an inefficient industry. Congress is focused on making our backward tax code into something that encourages our nation's instinct for creativity and innovation. As we look at all the wasteful and unnecessary tax breaks that are holding us back, I have a nomination: At the top of the list should be ending ...


Doug Bandow: The Bolshevik Revolution - A Century Of Death And Destruction
Posted: November 17, 2017 at 04:24 PM (Friday)

Until a century ago, Karl Marx was an unpracticed intellectual, a prolix babbler whose thoughts remained an ideal rather than a reality. Then came the Bolshevik Revolution. On Nov. 7 (Oct. 25 in the old Russian calendar) of 1917 the Soviet Union was effectively born. This event may have been as momentous as the war that spawned the first ...


Bill Cassidy and Blaine Luetkemeyer: Time To Modernize Our National Flood Insurance Program
Posted: November 17, 2017 at 03:26 PM (Friday)

After an extremely destructive and challenging hurricane season, Americans who were affected are working to recover and rebuild. Assisting them now is critical, but this hurricane season has been a deadly reminder that we must do more to prepare for future flood disasters. We need a long-term solution that strengthens and stabilizes the ...


Jared Meyer: More Proof That Licensing Creates Barriers To Work
Posted: November 17, 2017 at 12:41 PM (Friday)

A new comprehensive report from the Institute for Justice, a nonprofit law firm, shows the substantial barriers that occupational licensing places on the economy. By evaluating the various state licensing requirements for 102 low- and moderate-income occupations, the report’s authors found that an average license required applicants to pass ...


Charles Blahous: Our Choice Between Progressive Tax Policiese
Posted: November 17, 2017 at 10:01 AM (Friday)

Regardless of whether tax legislation is enacted resembling one of the plans now moving through the House and Senate, or whether instead legislation fails and current tax law remains on the books, US tax policy will be highly progressive in the sense of aggressively redistributing income away from richer Americans. That this is not a ...


Shlomo Ben-Ami: The Saudi Prince’s Dangerous War Games
Posted: November 17, 2017 at 09:13 AM (Friday)

TEL AVIV – Saudi Arabia's Crown Prince Mohammed bin Salman is working hard to consolidate power and establish his country as the Middle East's only hegemon. But his efforts – which include an attempt to trigger a war between Israel and Hezbollah in Lebanon – increasingly look like the work of an immature gambler. A series of stunning ...


Christopher DeMuth: Trump vs. the Deep Regulatory State
Posted: November 17, 2017 at 06:10 AM (Friday)

The tempestuous president is overseeing a principled, far-reaching reform of agencies that had exceeded their constitutional writ. Federal regulation has been growing mightily since the early 1970s, powered by statutes that delegate Congress’s lawmaking authority to mission-driven executive agencies. Beginning in 2008, the executive state ...


Conor Sen: The Fed Is Back in Its Pre-Recession Pickle
Posted: November 17, 2017 at 05:00 AM (Friday)

Officials are confronting a different kind of late-cycle economy, but resorting to the same old toolkit. The Federal Reserve has had its share of drama over the past 12 years, during a credit bubble, bust and recovery. This prompted emergency measures like quantitative easing, followed by a ballooning balance sheet that is now starting to ...


Komal Sri-Kumar: Forward Guidance Hasn't Made Markets Less Volatile
Posted: November 17, 2017 at 02:30 AM (Friday)

The policy has not achieved its objective of keeping investors informed about central banks' intentions. At a conference in Frankfurt organized on Nov. 14, the heads of the U.S. Federal Reserve, the Bank of England, the European Central Bank and the Bank of Japan expressed views on the conduct of monetary policy, but did not provide markets ...


Avik Roy: Fact-Checking Democratic Claims About Repealing Obamacare's Individual Mandate
Posted: November 16, 2017 at 11:56 PM (Thursday)

Senate Republicans have included a repeal of Obamacare’s individual mandate in the latest version of their tax reform bill. Some Democrats have reacted by claiming that the repeal of the mandate is actually a tax increase, and that mandate repeal “kicks” people off coverage they didn’t want to buy. Welcome to 2017. Repealing the mandate is a ...


Jason Thomas: Where Have All the Public Companies Gone?
Posted: November 16, 2017 at 07:10 PM (Thursday)

There are 3,671 domestic listings today, down from 7,322 in 1996. Investors can feel the difference. The media and the public pay a lot of attention to broad stock market indexes, but many of the most well-known measures aren’t what they seem. The Wilshire 5000, for example, contains roughly 3,500 companies. There haven’t been 5,000 ...


Sen. Ron Johnson Opposition To Tax Bill Threatens Tax Cuts For No Good Reason
Posted: November 16, 2017 at 02:56 PM (Thursday)

Tax Reform: With an important political and economic victory on tax cuts tantalizingly close at hands, what is a Republican senator to do? If you're Sen. Ron Johnson, you try to sabotage the effort for absolutely no good reason. In a statement released Wednesday, the Wisconsin senator complained that the bill wasn't fair to small businesses ...


Conor Sen: The Pain Ahead for Retail Chains
Posted: November 16, 2017 at 08:00 AM (Thursday)

Pressure on all fronts foretells a transformation like the airline industry's. It's been a bleak year for the brick-and-mortar retail industry. Stock prices and earnings have fallen. Store closures are being announced. The Amazon threat continues to grow, both via e-commerce efforts and now, with the acquisition of Whole Foods, as an ...


Jared Bernstein: Republican tax plan will lead to more offshoring of U.S. jobs and a larger trade deficit
Posted: November 16, 2017 at 07:01 AM (Thursday)

Upon his return from Asia, President Trump announced that he planned to work “as fast as possible” to reduce the U.S. trade deficits with the nations he visited. He later tweeted out his excitement about working with fellow Republicans to pass their “GREAT Tax Bill!” Left hand, meet right hand. Those two goals stand in stark opposition to ...


Peter Morici: Republican failures to deliver mean voters turn to Democrats
Posted: November 15, 2017 at 08:03 PM (Wednesday)

Voters in New Jersey and elsewhere just sent a message to President Trump and congressional Republicans: Deliver or expect to get replaced, and planned tax cuts will hardly be enough. Gov. Chris Christie, a tough former U.S. attorney for New Jersey, was elected to drain the swamp in Trenton and resurrect the state's moribund economy, but he ...


Stephen Moore: The original Trump campaign tax plan is the right one
Posted: November 15, 2017 at 07:42 PM (Wednesday)

Democrats attacking the Trump tax cut have primarily voiced two objections: first, that it is a tax cut for the rich. And second, that it will blow a hole in the deficit. If Republicans get smart, they can squash both of these arguments — and strike a blow for a much more ambitious, once-in-a-generation tax reform than the plans now on the ...


Mark Bloomfield and Oscar Pollock: Will Republicans Raise Capital Gains Taxes?
Posted: November 15, 2017 at 07:04 PM (Wednesday)

That would be an effect of abolishing the SALT deduction. What ever happened to cutting the capital gains tax? When Barack Obama took office, the top rate on most capital gains was 15%. By the time he left, two tax hikes had raised it to 23.8%. That’s where the congressional Republican tax-reform plans leave it. But under the Republican plan, ...


Ryan Ellis: Individual Mandate Repeal Is a Middle Class Tax Cut
Posted: November 15, 2017 at 06:23 PM (Wednesday)

The Senate Finance Committee announced today that it would add to the Senate tax reform bill a zeroing out of Obamacare's individual mandate surtax, in essence repealing the mandate. This is a big tax cut aimed squarely at America's middle class. The mandate is a tax which punishes those who can least afford it Obamacare's individual mandate ...


GOP Tax Plan Would Kill ObamaCare Individual Mandate, And That's Good News
Posted: November 15, 2017 at 04:16 PM (Wednesday)

Health Care: Will Republicans even be able to repeal the most egregious failure in ObamaCare? We're about to find out as the tax cut bill, which in the Senate will include repeal of ObamaCare's individual mandate tax, moves forward. According to the Congressional Budget Office, eliminating the individual mandate will save more than $300 ...


Greg Ip: How a New Inflation Measure Would Raise Taxes on the Middle Class
Posted: November 15, 2017 at 11:54 AM (Wednesday)

Switch to chained consumer-price index would shift burden after several years as people move into higher brackets. Tucked into Republicans’ tax overhaul bill is a technical tweak to how inflation is measured. The change is designed to hold down the deficit, but over time it becomes a significant tax increase that hits many of the same ...


Avik Roy: How The CBO Drove Obamacare's Individual Mandate Repeal Into Tax Reform
Posted: November 15, 2017 at 09:24 AM (Wednesday)

Last night, Sen. Orrin Hatch (Utah) announced that the Senate Republican tax reform bill would include a repeal of Obamacare’s individual mandate. Why is this a big deal? It all goes back to the profound impact of Congress’ official fiscal scorekeeper, the Congressional Budget Office. The individual mandate’s outsized fiscal role The single ...


Narayana Kocherlakota: Four Reasons Janet Yellen Should Stay at the Fed
Posted: November 15, 2017 at 05:00 AM (Wednesday)

For one, nobody can match her credentials. President Donald Trump has chosen not to have Janet Yellen serve a second term as chair of the U.S. Federal Reserve. That, however, doesn't mean she can't stay on as one of the Fed's governors.I see four good reasons for her to do so.The first involves her unique technical expertise. Before ...


Charles Lieberman: Keep Calm and Stop Worrying About 'Bondmaggedon'
Posted: November 15, 2017 at 05:00 AM (Wednesday)

A flattening or inversion of the yield curve is a weak predictor of recession. The flattening of the yield curve is unnerving some investors because of its history of presaging recessions. But a narrow curve is hardly an efficient or timely signal, especially when it hasn't yet inverted. Many factors account for the flattening of the curve, ...


Betsy McCaughey: Democrats are trying to block Trump’s judge picks with vile, hypocritical smears
Posted: November 14, 2017 at 08:02 PM (Tuesday)

Democrats and the liberal media are slamming President Trump for packing federal courts with supposedly "unfit" judges. Nonsense. Trump's nominees have impressive credentials. What's the left's real gripe? These judges will decide cases based on what the US Constitution says, instead of rewriting law to suit a progressive agenda. Look ...


Ron Estes: The Democrats’ Kansas Distraction
Posted: November 14, 2017 at 06:21 PM (Tuesday)

They’re trying to make my state’s 2012 tax cuts into a cautionary tale, but there’s no comparison. When House Republicans unveiled their plan for tax reform this month, Democrats offered a curious response. Rather than give their own proposal, they held a mock hearing—a show trial, really—on Kansas’ 2012 tax cuts. Democrats see my state as ...


Emily Top: Purple Line Extravagance Leaves Less for Metro
Posted: November 14, 2017 at 05:38 PM (Tuesday)

Maryland Governor Larry Hogan (R) has criticized Department of Transportation Secretary Elaine Chao for underfunding the D.C. Metro system. However, his criticism comes at a time when his state is beginning a $5.6 billion (including a $900 million grant from the federal government) light rail line project that is unlikely to be ...


Scientists Say The Planet Is Doomed ... But They Said The Same Thing 25 Years Ago And Got Everything Wrong
Posted: November 14, 2017 at 05:13 PM (Tuesday)

Environment: This week, thousands of scientists issued a bleak and terrifying "second notice" to mankind about how we will destroy the planet unless we take "urgent" action. If this warning is as reliable as the first notice these scientists issued in 1992, we have nothing to worry about. In an article published in the journal Bioscience, ...


Steve Pociask: A Failed Mission - U.S. Postal Service Details Another Massive Loss For The 2017 Fiscal Year
Posted: November 14, 2017 at 01:27 PM (Tuesday)

Today, the U.S. Postal Service (USPS) released its financial report for the 2017 fiscal year in which its leadership detailed a greatly concerning loss of $2.7 billion. These results, while unsurprising, point to a critical need for USPS leaders, regulators and lawmakers to institute improved management practices for the agency that has ...


Paul Krugman: Tax Cuts And The Trade Deficit
Posted: November 14, 2017 at 11:33 AM (Tuesday)

It's a sad commentary on the state of affairs in America that we need to spend time debunking the Tax Foundation "model" of the effects of GOP tax cuts. But that model, with its extremely optimistic take on the growth and revenue effects of corporate tax cuts, is reportedly playing an important role in Senate discussions. So let's talk some ...


Conor Sen: A Tax Tweak for Silicon Valley Workers Awaiting IPOs
Posted: November 14, 2017 at 11:00 AM (Tuesday)

There's a good reason venture capitalists and startups prefer to pay in stock options. The Senate tax proposal could change that. The Senate's tax proposal would disrupt the disrupters: By taxing stock options at the time of vesting, rather than when they're exercised, the change would push startups toward cash compensation. Venture ...


Zhang Jun: China’s Vision for the Next 30 Years
Posted: November 14, 2017 at 10:19 AM (Tuesday)

Achieving the lofty development goals China's leaders have set will not be easy. But with a clear development blueprint and a powerful leader whose political clout all but guarantees continued reform, the country seems to be in a strong position to sustain its unprecedented economic success in the ...


Chris Conover: Earlier Adoption of Autonomous Vehicles Could Provide Benefits Exceeding $14 Trillion
Posted: November 14, 2017 at 08:49 AM (Tuesday)

RAND scientists have just released a fascinating report that provides a clear demonstration of how the perfect can be the enemy of the good. The report focused on the potential number of lives that could be saved under various scenarios related to autonomous vehicles. While they modeled 500 different scenarios to better understand the ...


Caroline Baum: Bonds are from Venus; stocks are from Mars
Posted: November 14, 2017 at 08:40 AM (Tuesday)

Wild optimism fuels big gains in equities, but fixed-income isn’t impressed. Another day, another new high in the U.S. stock market: That’s pretty much been the story for the past year. The Standard & Poor’s 500 Index has registered 61 record highs since Donald J. Trump was elected president on Nov. 8, 2016, according to the Associated Press. ...


Jared Bernstein: An important new analysis shows progressive policies don’t hurt, and probably help, growth and jobs
Posted: November 14, 2017 at 08:30 AM (Tuesday)

Of the many things that are terribly wrong with our current tax debate, one primary offender is the notion that tax cuts will unleash massive growth effects. If facts could kill this mythology, it would be long dead. Instead, we get Treasury Secretary Steven Mnuchin saying on CNN’s “State of the Union” that the cut will generate enough growth ...


Merrill Matthews: Taking back renewable energy’s taxpayer-funded honeypot
Posted: November 14, 2017 at 07:40 AM (Tuesday)

The renewable energy industry — which includes wind power, solar, biofuels made from corn or other organic substances — exists because of government mandates and taxpayer subsidies. Don't believe me? Listen to mega-investor Warren Buffet. He explained in 2014 why his company, Berkshire Hathaway, invests in wind energy: "For example, on ...


Jeffrey Sachs: The GOP tax cut is daylight robbery
Posted: November 14, 2017 at 04:23 AM (Tuesday)

If the tax cut passes, it will constitute the largest heist in human history. This is daylight robbery by the super-rich against the rest of society: homeowners, students, the middle class, the young, the poor, indeed everybody who doesn't own a significant stock portfolio. The result will put America into a tailspin: falling home prices, ...


Ferdinando Giugliano: The ECB Needs an Inflation Plan, Just in Case
Posted: November 14, 2017 at 02:00 AM (Tuesday)

Yes, the risks are remote right now. But investors seem unprepared, meaning calm could easily turn into chaos. Nearly three weeks after the European Central Bank halved the pace of its monetary stimulus to the euro zone economy, something strange is happening in the sovereign debt market.Even as the ECB takes a little step back from ...


Matt Levine: Bitcoin Bankruptcy Wasn't Really a Bust
Posted: November 14, 2017 at 02:00 AM (Tuesday)

At least one person predicted this. That's not investment advice. In 2014, Mt. Gox -- "Magic: The Gathering Online eXchange," which grew from that improbable name into at one point the world's largest bitcoin exchange -- suffered the fate of all bitcoin exchanges, and had its bitcoins stolen. Since then everyone has just gotten used to the ...


Stephen Moore and Andrew Wofford: Republicans Should Not Abandon the Spending Caps
Posted: November 14, 2017 at 12:00 AM (Tuesday)

Why would a Republican House, a Republican Senate and a Republican president repeal the best weapon against runaway federal spending in 30 years? That may happen later this year if Congress doesn't extend the Budget Control Act of 2011, which includes spending caps and sequester spending cuts if those caps are violated. The BCA has been one of ...


Walter Russell Mead: Donald Trump’s High-Wire Foreign Policy
Posted: November 13, 2017 at 06:21 PM (Monday)

It’s more conventional than expected, at a time when the world is more perilous. President Trump inherited a world in crisis, with the Pax Americana challenged in Asia, the Middle East, Europe and the Caribbean. Today the White House has clear priorities—but questions about temperament and ...


GOP Tax Cuts Aren't Driving Deficits, Despite What Democrats Say
Posted: November 13, 2017 at 04:49 PM (Monday)

Budgets: After eight years of silence during President Obama eight years in office, which saw deficits average $910 billion a year and the national debt explode by $9.3 trillion, Democrats are suddenly fretting about deficits. If only their concern were genuine and not a cynical attempt to derail much-needed tax reform. <The Republican plan is ...


Frank Miniter: Congress' IT Scandal Is Being Kept Behind Closed Doors
Posted: November 13, 2017 at 03:46 PM (Monday)

Congress is quietly moving to tighten its security as many shun media coverage of the Democrat’s IT scandal. Politico reported that the U.S. House of Representatives is holding member-only “listening sessions” this week. These private meetings will cover solutions to possible cyber-security leaks of congressmen’s emails and other data, ...


Brian Riedl: How Tax Reformers Can Add $500 Billion in Family Tax Cuts without Gutting Business Tax Reform
Posted: November 13, 2017 at 12:17 PM (Monday)

Within the tax reform bills produced by the House Ways and Means Committee and the Senate Finance Committee, a potential $1.5 trillion compromise: Doubles the child tax credit to $2,000, provides a permanent $300 family tax credit, and expands the EITC; Nearly doubles the standard deduction; Cuts the corporate tax rate to 20 percent, ...


Charles Hughes: FDA Eases Burdens of Genetic Testing
Posted: November 13, 2017 at 11:37 AM (Monday)

With only a simple saliva sample, genetic health risk (GHR) testing can inform people about their genetic risk for conditions including Alzheimer’s disease or celiac disease. However, the potential benefits from this testing have been curtailed due to regulatory barriers erected by the Food and Drug Administration. Now FDA Commissioner ...


Lucy Marcus: The Opiate of the Bosses
Posted: November 13, 2017 at 09:50 AM (Monday)

LONDON – In 2007, several executives of the parent company of Purdue Pharma, which markets the popular opioid OxyContin, pleaded guilty to misleading doctors, regulators, and patients about the risk of addiction associated with the drug. In the decade since, opioid distribution has expanded substantially, driving a rapid increase in addiction ...


Sally Pipes: A Public Option Would Lead to Single-Payer
Posted: November 13, 2017 at 08:00 AM (Monday)

Senate Democrats recently introduced two bills that would create a &a;quot;public option&a;quot; -- a government-run health plan that would compete against private insurers for the business of shoppers on Obamacare's exchanges. Proponents claim that this would offer consumers an additional choice -- and lead to lower prices. But a public ...


Ben Emons: The One Yield Curve That Should Concern Powell
Posted: November 13, 2017 at 06:30 AM (Monday)

Overnight index swaps suggest the economy will be weak enough a year from now to warrant rate cuts. Since U.S. President Donald Trump nominated Jerome Powell to be the next Chair of the Federal Reserve, the debate among economists has mainly centered on whether he will continue the central bank's plan to raise interest rates at a gradual ...


Peter Morici: How much punch will the economy get from tax reform?
Posted: November 13, 2017 at 06:00 AM (Monday)

The House tax plan seeks to balance competing interests and would make the tax system fairer and boost growth, but both liberal critics and the administration are making terribly exaggerated claims. The Tax Policy Center, headed by a former Obama administration official, charges the bill will benefit mostly businesses and the wealthy, ...


Jared Bernstein: Don't pass GOP tax plan if you want growth. It'll make things worse.
Posted: November 13, 2017 at 06:00 AM (Monday)

Republican blueprint will create deficits, debt and tax breaks for people who don't need them. And it will make it hard to adopt policies that work. The debate over the Republican tax cut plan comes down to this: Opponents view it as a wasteful giveaway of much-needed government revenue to the wealthiest households and businesses that need it ...


Max Eden: School Discipline - Federal Rules Not Helping
Posted: November 13, 2017 at 04:00 AM (Monday)

Are America's teachers a bunch of racists? Democrats seem to think so. After a rocky start, Secretary of Education Betsy DeVos has done an admirable job of reining in Barack Obama's executive overreach. From giving states more freedom on K–12 schooling to paring back heavy-handed higher-education regulations, she's taken step after step ...


Matthew Winkler: African Economic Growth Rides on Wireless Rails
Posted: November 13, 2017 at 12:01 AM (Monday)

A telecommunications boom is lifting an industry and a continent. In Kenya, hundreds of thousands of people are rising out of poverty as mobile-money services turn subsistence farmers into businesspeople. A similar dynamic drives Ethiopia, the fastest-growing economy in Africa, where the gross domestic product is forecast to climb 8 percent ...


Robert Samuelson: Are tax breaks immortal?
Posted: November 12, 2017 at 07:15 PM (Sunday)

If you want to understand why the tax code is so hard to overhaul, consider the case of the mortgage interest deduction. The issue is so sensitive that the House and Senate are dealing with it in completely opposite ways. To its many defenders and beneficiaries, the mortgage interest deduction symbolizes and subsidizes the American Dream. ...


Chris Pope: The Individual Mandate Is The Worst Tax Ever
Posted: November 12, 2017 at 04:15 PM (Sunday)

It doesn’t even further the ACA’s core goal of helping people with pre-existing conditions get coverage. If you were deliberately trying to design the most arbitrary, painful and pointless tax possible, how would you go about it? First, you would structure it to inflate the cost of an essential product. Then, you’d create exemptions so vast ...


Curt Levey and Ryan Hagemann: Algorithms With Minds of Their Own
Posted: November 12, 2017 at 04:11 PM (Sunday)

How do we ensure that artificial intelligence is accountable? Everyone wants to know: Will artificial intelligence doom mankind—or save the world? But this is the wrong question. In the near future, the biggest challenge to human control and acceptance of artificial intelligence is the technology’s complexity and opacity, not its potential to ...


Rick Santorum and George Miller: Congress must increase value of, access to child tax credit
Posted: November 12, 2017 at 03:01 PM (Sunday)

Though we don't agree on the overall tax package being debated in Washington, we do agree that Congress should act to increase the value of and access to the child tax credit and the child and dependent care tax credit for families with children ages 0-5 as key steps in helping low- and middle-income working families and investing in our ...


Peter Morici: House Republican tax bill comes up short
Posted: November 12, 2017 at 02:59 PM (Sunday)

The House Republican tax bill faces a tough climb to passage because it simply won't deliver the kind of growth the administration claims and it distributes benefits unfairly. It cuts the corporate rate from 35 to 20 percent but fewer than half of business profits are taxed through corporate returns. The balance is reported on personal ...


John Tamny: Actually New York Times, It's Impossible for the Rich to 'Hide' Their Wealth
Posted: November 12, 2017 at 09:00 AM (Sunday)

Why are Cubans so poor? They’ve done very well in the U.S., where emigres from the perpetually recessed country have risen to the top in sports, business and politics. Yet in their own country Cubans are desperately impoverished. The above question is obviously rhetorical. We know why Cubans in Cuba are poor. They are because the government ...


Larry Kudlow: The House and Senate Will Pass Pro-Growth Tax Reform This Year
Posted: November 10, 2017 at 06:30 PM (Friday)

And this year, too. As the House and Senate work their way through the tax-cut-and-reform effort, let me make one thing clear: Both plans are pro-growth where the economic power comes from the business side. And where it comes from the personal side, there will be very little growth. That was always the bet. During the spring and summer of ...


Holman Jenkins: A Media Merger Is Mugged by Bureaucrats, Not Donald Trump
Posted: November 10, 2017 at 05:57 PM (Friday)

A shocking possibility: Partisan politics will save the AT&T and Time Warner deal. Is dirty politics going on at the Justice Department’s antitrust division? The proposed merger of AT&T and Time Warner has suddenly run into trouble despite being under review for more than a year. Liberals who usually can’t stand a media combination are ...