FRIDAY, MARCH 16, 2012 ECONOMICS: Jobless claims fall, manufacturing holds up http://www.reuters.com/article/2012/03/16/us-jobless-claims-idUSBRE82E0LV20120316 Economic growth showed signs of becoming more self-sustaining as the number of Americans claiming new jobless benefits fell back to a four-year low last week and manufacturing activity in the Northeast picked up this month. But the impact of higher oil prices … Continue reading
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America / Constitution / Other / Politics / Rule of Law
Our Constitution: Absolutely Not A “Living Breathing Document”
Is our Constitution a “Living Breathing Document?” Well, what is a “Living Breathing Document?” In The American Constitution and The Debate over Originalism, Dennis Goldford defines the concept of a living breathing document. He quotes Harlold Koh, legal expert, as defining the concept as a “flexible pragmatism that views the Constitution as a living document … Continue reading
Is it too hard to amend the Constitution?
By Will Portman On Monday, I went to a talk at the Brookings Institution entitled “America’s Dysfunctional Politics: Is the Constitution to Blame?” Professor Sanford Levinson of the University of Texas School of Law discussed his new book, Framed: America’s 51 Constitutions and the Crisis of Government, which argues that the 225-year-old U.S. Constitution is … Continue reading
Economic Daily Outlook
THURSDAY, MARCH 15, 2012 ECONOMICS: Budget Feud Erupts Again http://online.wsj.com/article/SB10001424052702303863404577281852993334574.html Republicans are likely to unveil a budget plan next week that will cut 2013 federal spending below the level the two parties negotiated last August, prompting Democrats to complain that they are reneging on the agreement. GOP leaders respond that the figure, reached after … Continue reading
Ravenous Cookie Monsters and Higher Education
In a recent New York Times piece, Robert H. Frank attempts to explain the dynamics behind the continued growth in college tuition in the United States. Using elegant analogies, Frank points to rising costs for universities, such as increasing salaries for professors and technological degrees.[1] Responding to the President’s recent call to tie subsidies to … Continue reading
Economic Daily Outlook
WEDNESDAY, MARCH 14, 2012 ECONOMICS: House Republican leaders set to break budget deal http://www.reuters.com/article/2012/03/14/us-usa-politics-budget-idUSBRE82D06V20120314 Republican leaders in the House of Representatives are ready to break a hard-fought budget deal with Democrats as they try to quell a revolt by conservatives who are insisting on deeper spending cuts ahead of the November elections. House Republican … Continue reading
Martin O’Malley Manages a Multitude of Regulations to Maximize Maryland’s Markets
At a time when unemployment is skyrocketing and the economy is dwindling, I can’t help but be filled with the smallest amount of joy and hope when I see the government making changes that will actually benefit the public instead of harming them. On March 9th, Governor Martin O’Malley of Maryland submitted to the Administrative … Continue reading
Economic Daily Outlook
TUESDAY, MARCH 13, 2012 ECONOMICS: Fed seen biding time, assessing jobs gains http://www.reuters.com/article/2012/03/13/us-usa-fed-idUSBRE82C09D20120313 The Federal Reserve on Tuesday is expected to hold a steady course on monetary policy, acknowledging a mildly brighter economic outlook while refraining from any suggestion that further easing is now off the table. Indeed, the central bank, sifting through conflicting … Continue reading
Economic Daily Outlook
MONDAY, MARCH 12, 2012 ECONOMICS: Latest Stress Tests Are Expected to Show Progress at Most Banks http://www.nytimes.com/2012/03/12/business/new-stress-tests-expected-to-show-progress-at-most-banks.html In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most … Continue reading
Positive job growth needs growth agenda
Payroll employment rose by 227,000 jobs in February with the unemployment rate remaining flat at 8.3 percent, according to the report released by the Bureau of Labor Statistics this morning. This growth is good yet so much is still uncertain. The United States is still far from reaching the same level of employment it once … Continue reading
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