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Sherlock Holmes famously solved a mystery by noting the significance of the dog that didn’t bark – the dog’s silence suggested that the murderer could not have been a stranger. Today, the “dog that didn’t bark” is the Supreme Court, which took no public action on the cert. petition in American Tradition Partnership, Inc. v. ...
As Europe struggles through its sovereign debt crisis, Germany is considered the strong arm of the region. But before the formation of the eurozone the country had quite the current account deficit, compared with Ireland, Italy and France. Stephanie Kelton, Associate professor of Economics at the University of Missouri, and Avraham Baranes, a Ph.D student, have ...
Yes, that is what Brooks told readers. His column today mourns the fact that Romney and Bain are being blasted for being capitalists. He then tells readers: “Romney is going to have to define a vision of modern capitalism. …. Let’s face it, he’s not a heroic entrepreneur. He’s an efficiency expert.” Brooks is certainly ...
For the second day in a row, not a single Senate Republican voted in favor of a procedural motion to merely debate the DISCLOSE Act. The back and forth between Republicans and Democrats, not surprisingly, has been like two ships passing each other in the night. The uphill fight against secret money influencing our elections, the fallout ...
Super PACs — groups that can accept unlimited contributions and spend unlimited amounts to support or oppose candidates — are the Kim Kardashians of the campaign finance world, soaking up more than their share of media attention. In contrast, their less flashy counterparts — such as movie studio executives — arguably are bigger political players, ...
Ever since the housing bubble collapsed, the Federal government has refused to take major initiatives to help underwater homeowners. As a result, we are likely to see close to one million foreclosures both this year and next, with the numbers only gradually slipping back to normal levels by the end of the decade. The inaction ...
Jettisoning the grandiose dream of a global reserve currency and promoting viable national economies is the way out of the eurozone crisis The rationale of the euro was never properly established through reasoned and open public discussion. Those who argue that monetary union was the next step in a necessary project of political integration left ...
Unless Congress takes action before the end of the year, the child tax credit (currently $1,000 a child) will be cut in half when other Bush-era tax policies formally lapse. Like the earned-income tax credit, which offers considerably more assistance to parents than other earners, the child tax credit enjoys fairly strong bipartisan support, and ...
As recriminations related to the scandal surrounding the London interbank offered rate continue, one crucial question remains open: how should we fix the way Libor is set? Here is an answer. The central problem with current methods of calculating the various measures of Libor is that they are merely surveys. Each bank submits “estimates” of ...
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