When his budget proposals were recently released, President Obama stated, “I want to work with Congress to replace mindless austerity with smart investments that strengthen America.” That quotation neatly summarizes how the White House is framing the basic trade-off faced in federal budgeting: between “austerity” (i.e., severe cuts in spending and deficits) and “investments” (i.e., spending on things needed to support future prosperity)...
Michael D. Thomas, an economics professor at the Heider College of Business at Creighton University in Omaha, Nebraska, reported on Facebook an interesting conversation he had with a student this week. It led to a more interesting set of comments than the usual.
interview with Josef Joffevia Intelligence Squared US (NY)
Wednesday, February 18, 2015
Is America in decline? Or an unparalleled leader on the global stage? Is the nation coping well with the challenges of the 21st century — from health care and education to the threat of terrorism — or is it falling behind other world powers?
Washington (CNN)Former Florida Gov. Jeb Bush acknowledged on Wednesday that "there were mistakes made in Iraq" under his brother's watch — but he's hired a number of the same policy advisers that shaped that very policy, and were complicit some of those very mistakes.
As Louisiana Gov. Bobby Jindal eyes lucrative fundraising targets in the Bay Area, the potential Republican presidential contender may be getting a hard lesson in identity politics after sparking concern in Silicon Valley’s Indian American community that he is distancing himself from his own ethnic roots.