MONDAY, MARCH 26, 2012 ECONOMICS: Economists see higher taxes as way to cut deficit http://www.businessweek.com/ap/2012-03/D9TNUKVO0.htm Economists say a combination of higher taxes and lower spending is the best way to reduce the federal budget deficit. A survey on economic policies conducted by the National Association for Business Economists released Monday also forecast that short-term … Continue reading
Yearly Archives: 2012
The first verdict delivered from the International Criminal Court
The United Nations drafted the Rome Statute, which established the International Criminal Court (ICC) in 2002. However, it should be understood that the ICC is an independent international organization and not under the authority of the United Nations. The ICC serves as an international court system, in The Hague, Netherlands and is supported by 120 … Continue reading
Economic Daily Outlook
FRIDAY, MARCH 23, 2012 ECONOMICS: Fed Hosts Global Gathering on Easy Money http://online.wsj.com/article/SB10001424052702303812904577297821210889302.html The world’s leading central bankers have spent much of the past few months putting out financial fires and launching measures aimed at recharging the global economy. On Friday, they will gather here to gauge the impact of their easy-money policies—including whether … Continue reading
Economy / Fiscal policy / Healthcare / Politics / Tax
The Ryan budget vs. the Obama budget
By Will Portman Winston Churchill once said, “Americans can always be counted on to do the right thing… after they have exhausted all other possibilities.” House Budget Committee Chairman Paul Ryan (R-WI) cited the late British Prime Minister’s famous quote this week as he unveiled The Path to Prosperity, his budget for fiscal year 2013, arguing … Continue reading
Drug Safety for All
As adulterated medications continue to pose a threat to the American health care system, the Partnership for Safe Medicines sponsored a Congressional hearing, last week, delving into the issues associated with unsafe and counterfeit pharmaceuticals. Using last year’s counterfeit Avastin scandal as an illustrative case study, the Partnership, with the support of Senator Michael Bennet, … Continue reading
Commodity Futures Trading Commission Meets AGAIN About the Dodd-Frank Act
From This Day Forth… “Today we will consider a rule that helps broaden market access and promotes competition in the swaps market,” proclaimed Chairman Gensler. Emphasizing one of the important goals of the Dodd-Frank Act is to prevent risks in the financial sector from affecting the overall American economy in a negative manner. The intent … Continue reading
Economic Daily Outlook
THURSDAY, MARCH 22, 2012 ECONOMICS: Ryan budget passes committee by one vote http://thehill.com/blogs/on-the-money/budget/217503-ryan-budget-passes-committee-by-single-vote The House Budget Committee approved Chairman Paul Ryan’s 2013 budget resolution on Wednesday night by a close vote of 19 to 18. Two conservative Republicans voted against the Ryan plan, which cuts spending by $5.3 trillion over ten years, because it … Continue reading
Economic Daily Outlook
WEDNESDAY, MARCH 21, 2012 ECONOMICS: EDITORIAL: The Careless House Budget http://www.nytimes.com/2012/03/21/opinion/the-careless-house-budget.html As he rolled out his 2013 budget on Tuesday, Paul Ryan, the House Budget Committee chairman, correctly said that he and his fellow Republicans were offering the country a choice of two very clear futures. The one he outlined in his plan could … Continue reading
Hearing on student loan discharges ignores broader issues
Students increasingly take on massive amounts of debt to pay their high college tuitions. And they face diminished job opportunities upon competition of their degree. Just ask Danielle Jokela. Jokela, a resident of Chicago, spoke before a Senate judiciary subcommittee on her personal level of indebtedness (about $98,000 in outstanding student loan debt) and her … Continue reading
Economic Daily Outlook
TUESDAY, MARCH 20, 2012 ECONOMICS: House GOP set to move on debt package http://www.politico.com/news/stories/0312/74209.html Trying to get their mojo back, House Republicans hope to move quickly this spring with a $261 billion deficit-reduction package to forestall automatic spending cuts next January that would fall heavily on defense. The full details won’t be released until … Continue reading
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