Larry Summers Fails to Grasp Key Concept
In the world of news, several significant events and developments have taken place.
Chinese authorities have been making headlines for using a new tool to hack seized phones and extract data, as reported by TechCrunch. This move has raised concerns about privacy and cybersecurity.
In the United States, the housing market continues to be a topic of discussion. Two new laws have been passed in California that provide exemptions from environmental review for infill housing development. This legislation is a step in the right direction for alleviating the housing shortage in California, which has long been impeded by the California Environmental Quality Act (CEQA).
The Medicaid cuts in the recently passed One Big Beautiful Bill Act (OBBB) have been a subject of debate. On July 17, 2025, an op-ed by Larry Summers was published in the New York Times, discussing these cuts. Judge Glock wrote that Summers' criticism seems inconsistent, given that Medicaid spending under the OBBB will be nearly twice as large relative to a much bigger economy compared to when Summers was in office. According to the op-ed, Medicaid spending under the OBBB will be more than $800 billion by 2034, which is four times higher than when Larry Summers was overseeing economic policy.
Meanwhile, the debate over race-based admissions in New York's education system continues. The state education honchos have been urged to end these practices, as stated in the New York Post.
In the realm of urban affairs, a new paper by Robert VerBruggen, a Manhattan Institute Fellow, explores the complex factors behind declining fertility.
On a different note, a conference called Socialism 2025 was held in Chicago earlier this month. The conference aimed to discuss how to dismantle the constitutional republic. Attendees included Ivy League professors, union leaders, and activists who praised mass rioting and called for an end to America.
Lastly, the Manhattan Institute has published a quarterly journal on urban affairs, but the author credited with responsibility for writing the article is not identified in the provided search results.
These are just a few of the many news items that have captured the attention of the public in recent times. Stay tuned for more updates as the news continues to unfold.
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