As things stand today, the only way for Congress to prevent the President from waiving statutory sanctions against Iran is to pass a law over his veto that withdraws the waiver authority it gave him in the past. All the Corker Bill does is to freeze the President’s waiver authority for 30-42 days so that Congress can determine if it wants to remove the President’s waiver authority.
Sure, the consumption-based model won't work at a 5 minute interval. But is there some essence of truth in it, that stocks which fall more in business cycles, as measured by consumption, must pay a higher rate of return?
I like the book, which is why I use it, but each time I use it, I find things that are off. In a section on determinants of elasticity of demand, Mankiw lists four. The first is "Availability of Close Substitutes." The third is "Definition of the Market."
In “The Story: A Reporter’s Journey,” which hit book store shelves Tuesday, April 7, former New York Times reporter Judith Miller revealed in the final chapter that she now believes that she was induced by then-Special Counsel Patrick J. Fitzgerald to give false testimony in the 2007 trial of I. “Lewis” Scooter Libby, former chief of staff to Vice President Dick Cheney.
Forty-eight states experienced declines over the last six years, but some drops were nearly cataclysmic. Note the dramatic reductions in some southern and western states, which were particularly hard hit by the housing bust and/or the recession itself.
featuring Ash Cartervia Center for International Security And Cooperation - Stanford
Thursday, April 16, 2015
Secretary of Defense Ashton B. Carter will deliver CISAC's annual Drell Lecture at Stanford University next Thursday, giving a major speech to unveil the Pentagon's updated policies on innovation and cybersecurity.
If the FDA regulates, it will not be to make e-cigarettes more available. It will be to make them more costly, either in terms of accessibility or in terms of price, or both. If so, the FDA regulation will slow this healthy substitution away from more-toxic substances.
In his Huffington Post essay The Rise of the Working Poor and the Non-Working Rich, Robert Reich complains that: “America’s legendary ‘self-made’ men and women are being fast replaced by wealthy heirs…” Reich’s proposed remedy: raising taxes on the rich, especially inheritance taxes.
The fear of pesticides that began a half century ago has degenerated into full-blown chemophobia today. Although “Every Day Is Earth Day” is etched into the American psyche as a benevolent mantra, it is useful to examine some of the motivations, actions and outcomes found under the banner of environmentalism.
Modern society deeply depends on doctors. Which is why recent international reactions against doctors – from mistrust to outright attack – represent a disturbing trend that can not only lead to an immediate threat to global health workers but also precipitate that all-feared outbreak of an uncontrollable epidemic.
Scott Sumner, of Bentley University talks with EconTalk host Russ Roberts about interest rates. Sumner suggests that professional economists sometimes confuse cause and effect with respect to prices and quantities.
Any time I talk with a young person who has every jot and tittle of his life planned out until the day he retires (this is especially common among the kind of sociopaths who have political ambitions), I always gently advise them that it’s generally more important to have a direction than a plan.
The Federal Reserve is once again confronting uncomfortable questions about possible leaks. So far little has come to light about who might have passed details of a 2012 Federal Open Market Committee meeting to a newsletter that caters to hedge funds.
When Dan Price announced last week that he would cut his own pay and profits to make it possible to raise the minimum wage at Gravity Payments, his credit card processing company in Seattle, to a hefty $70,000 a year, he had little idea of the whirlwind it would stir.