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President Obama's proposal last night to raise the Federal Minimum Wage to $9 (from $7.25) is sure to rekindle the perennial debate about whether such an increase will stall hiring for low-skilled workers, or whether small businesses will be able to sustain their payrolls with higher wage...
02/13/2013
Blog
This week marks the fortieth anniversary of the Clean Water Act (CWA). In 1972, Congress overhauled the Federal Water Pollution Act and provided the basic structure for regulating the discharge of pollutants from point sources. The CWA gave the EPA the authority to set effluent limits on an...
10/15/2012
Blog
Well, it's official: Most Americans don't know squat about financial investing. That's one of the chief conclusions of a 212-page study of financial literacy that the SEC, collaborating with the Library of Congress, released late last month: . . . American investors lack basic financial literacy....
09/06/2012
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The recent Fed report on household wealth contains yet more evidence of how distorted and unequal the U.S. economy has become. The big headline around the study, which comes out every three years, has been that the household wealth of Americans dropped by 40 percent between 2007 and 2010, and is...
06/13/2012
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Image Credit: Gotham Gazette In New York State, progressives' worst fears about redistricting have been realized. Last night the state legislature released a proposed constitutional amendment to "fix" redistricting in the state. This amendment was supposedly created by the legislature to...
03/12/2012
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The economy added another 227,000 jobs in March, the Labor Department reported Friday. That's good news, sort of. It means that the recovery is slowly progressing. At this rate, we will be back to pre-recession employment levels sometime around 2018. However, this growth in jobs was not enough...
03/12/2012
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I happened to be flying on American Airlines the morning after the company declared bankruptcy. Exactly nothing bad happened to my flight. Nobody passed the hat to buy aviation fuel. The flight attendants offered the same dismal snacks. It was business as usual. American will get to stiff its...
12/20/2011
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