Power is a funny thing in Washington. It can certainly be argued that real power in Washington lies beneath the dome of the Capitol, or within the iron gates of the White House, or even in the chambers underneath the basketball hoops of the top floor of the Supreme Court building. But perhaps the most … Continue reading
On March 29, 2013 the Southern District Court of New York issued a judicial decision that fundamentally altered the foundations of the world economy – and no one noticed. The case in question was an anti-trust suit brought against Bank of America as a part of the ongoing fallout from the Libor manipulation scandal, but … Continue reading
Unpaid internships have been taking a lot of heat lately. Unpaid internships are supposed to be purely for the benefit of the intern, they cannot displace current employees, and the company cannot profit from their work. However, interns at Fox Searchlight felt these rules were being violated and took it upon themselves to do something … Continue reading
As the economy slowly grows, the job market has been improving as well. Contributing to this is improvement in the manufacturing sector. Contrary to trends in the past decade, manufacturing is returning to the U.S. and new jobs are being created in the process. However, they are not the type of manufacturing jobs you are … Continue reading
Whenever I attempt to explain things about the economy to friends and family, their eyes glaze over, they give a few head nods and grunts of approval, but really they just wait for a chance to change the subject. Similarly, when I express my enthusiasm for baseball, people act surprised exclaiming, “But baseball is so … Continue reading
This week, half of the Major League Baseball (MLB) franchises celebrated their Opening Days, marking the first day of baseball season. Opening Day attendance can tell us a lot of things. For example, attendance at the Washington Nationals’ home opener was up 11% this year, due to high hopes for the team this season. But … Continue reading
Figure 1. States position on Medicaid Expansion under the ACA. Via: The Advisory Board Company To expand, or not to expand Medicaid, that is the question. Why are some states skeptical about Medicaid expansion and making the assumption that the “plan is [too] costly?” If the states expand their Medicaid program, they would receive federal … Continue reading
On Wednesday, January 25, Congress voted to raise the debt ceiling to allow more government spending until about May of this year. The sequester’s forced automatic spending cuts go into effect March 27th. Debt, spending, “fiscal cliff’, budgets, etc. keep Americans on the verge of a heart attack, and many find themselves wondering: how much … Continue reading
Members of Congress and President Obama are squaring off for a showdown. The US will hit the debt limit by the end of February, and with Obama insisting that he will not negotiate, “dooms day” scenarios are being predicted. Discussions of alternative solutions have yielded little in the way of progress. The idea to mint … Continue reading
In January 2009, then president-elect, Barack Obama, rode into Washington, DC on an Amtrak train. His, pre-inaugural, one-day trip was a symbolic nod to Lincoln’s similar journey, some years ago. Exactly one month later, now, President Obama signed in-to-law the American Recovery and Reinvestment Act (ARRA). The ARRA, among other things, provided $8 billion towards … Continue reading
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