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Daniel Tarullo, a governor of the Federal Reserve System, spoke for the first time last week about potentially imposing a size cap on the largest U.S. banks. His language, naturally, was that of a central banker. “To the extent that a growing systemic footprint increases perceptions of at least some residual too-big-to-fail quality in such a firm, ...
We don’t have explicit, affirmative language, as does the South African Constitution, for example, that every citizen who is over the age of 18 years old has the right to vote. Constitutions in most of the world’s democracies have that language; ours does not. The U.S. Constitution never explicitly or affirmatively ensures the right to ...
This week’s Supreme Court oral argument in Fisher v. Texas showed the Justices’ focus on the technical interpretation of the equal protection clause of the Constitution. Over the last twenty-four hours, legal and political commentators have hotly debated the validity and meaning of the concept of “critical mass” as a standard to achieve diversity in universities. Notably, ...
Jack Welch, the former chief executive of General Electric, was unhappy that the Labor Department reported a 0.3 percentage point decline in the unemployment rate on Friday. In fact, he was sufficiently unhappy that he accused the Obama administration of using its control over the Labor Department to cook the numbers in a tweet just after the ...
Members of Congress and advocates on the Hill should take notice of a case being heard today at the Supreme Court. Fisher v. Texas has gotten much attention as “the affirmative action case;” however, the outcome of the case may also have ramifications on the country’s economic future. For this reason, Fortune 100 companies, small ...
The latest Pew Research Center poll shows Mitt Romney ahead of President Barack Obama among likely voters, 49% to 45%. But the latest Gallup poll shows the President Obama leading Romney among likely voters, 50% to 45%. What gives? The Pew poll covered the days immediately following last Wednesday’s presidential debate. It didn’t include last ...
The Campaign for America’s Future released a new voters’ guide for the middle class today. Republican Vice Presidential candidate Rep. Paul Ryan and 180 other Members of Congress and 19 Senators vote with the middle class zero percent of the time. The new Middle Class Voter Guide was created to hold lawmakers accountable for their ...
Jeffrey Sachs examine a new report in The Economist that once again says the numbers for Mitt Romney’s tax cuts and Paul Ryan’s budget plan just don’t add up with Martin Bashir on MSNBC, October 9th, 2012.
Could it really be that the tide is turning in favor of American voters? According to the New York Times this week, the ruling in Pennsylvania that voters will not have to present government issued photo ID to vote is “the latest and most significant in a series of legal victories for those opposed to laws that ...
The unemployment rate’s drop to 7.8 percent, reported on Friday, marked the first time since 2009 the rate was below 8 percent. It’s fitting that the drop occurred shortly after someone who had predicted the rate couldn’t get below 8 percent had changed his mind. One of the loudest voices in Federal Reserve against taking ...
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