MONDAY, APRIL 2, 2012 ECONOMICS: OPINION: Pink Slime Economics (Paul Krugman) http://www.nytimes.com/2012/04/02/opinion/krugman-pink-slime-economics.html The big bad event of last week was, of course, the Supreme Court hearing on health reform. In the course of that hearing it became clear that several of the justices, and possibly a majority, are political creatures pure and simple, willing to … Continue reading
Yearly Archives: 2012
The Supreme Court’s Difficult Decision
As marked by the uncommon three days of oral arguments, totaling six and a half hours, the decision of the Affordable Care Act’s (ACA) constitutionality will not be an easy for the nine Justices of the Supreme Court. Lawyers argued four issues in front of the bench: the Anti-Injunction Act, the Individual Mandate, the severability … Continue reading
Carbon Sequestration…The New Deficit Problem
According to current policy, the recent shift in Greenhouse Gas policy toward more sustainable futures is in the form of a very fancy term for a very simple topic. As noted by the US Geological Survey: The term “carbon sequestration” is used to describe both natural and deliberate processes by which CO2 is either removed … Continue reading
Vicious circles and the national debt
By Will Portman Due to vicious circle effects, it becomes more and more expensive to pay off the national debt the more and more debt we accumulate, beyond the obvious fact that it’s a greater burden to pay back a greater sum of money. With each new dollar of deficit spending, we’re not merely digging … Continue reading
A More Free China?
A month ago the World Bank and the Development and Research Center of the State Council of China (DRC) along with the Ministry of Finance (MOF), released a joint report projecting a decline in Chinese economic growth over the next 20 years if the government does not implement serious reforms. This report came as a … Continue reading
Economic Daily Outlook
THURSDAY, MARCH 29, 2012 ECONOMICS: OECD Sees Europe, U.S. Drifting Apart http://online.wsj.com/article/SB10001424052702303816504577311043529851790.html The economies of Europe and North America will diverge in the first half of this year, with European budget cuts dragging on demand while the U.S. economic recovery picking up steam, the Organization for Economic Cooperation and Development said in a report … Continue reading
Economic Daily Outlook
WEDNESDAY, MARCH 28, 2012 ECONOMICS: Group Backs Simpson-Bowles Plan http://online.wsj.com/article/SB10001424052702303404704577307710169626858.html A small bipartisan group of House lawmakers, bucking their Democratic and Republican leaders, is advancing a plan to reduce the federal budget deficit by more than $4 trillion over 10 years through a combination of spending cuts and tax increases. A vote on the … Continue reading
Economy / Foreign Policy / Other / Politics
For Israel, Nuclear Iran Not Biggest Concern
All we hear from Israel is everything Iran. Netanyahu, in a fiery speech, said in relation to Iran: “as Prime Minister of Israel, I will never let my people live under the shadow of annihilation.” Israelis have lots of important issues on their plate. In Israel there are numerous social cleavages and economic issues that … Continue reading
Economic Daily Outlook
TUESDAY, MARCH 27, 2012 ECONOMICS: Bernanke says U.S. needs faster growth http://www.reuters.com/article/2012/03/27/us-bernanke-idUSBRE82P0GZ20120327 The U.S. economy needs to grow more quickly to bring the unemployment rate down further, Federal Reserve Chairman Ben Bernanke said on Monday, defending the central bank’s policy of very low interest rates. While he offered no indication the Fed is keen … Continue reading
Work Hard, Play Hard (Not Really): Foreign Patent Law Harms American Drug Innovation
While most people believe that if you work hard you should be able reap the rewards, the Supreme Court of India thinks otherwise. In a recent ruling by the court, Bayer was denied the patent of their advanced kidney and liver cancer drug, Nexavar, and will be required to license their product to Indian generic … Continue reading
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