I am in Washington, DC so nothing is going on. It is August, so less than nothing is going on. (Proof? I watched reruns of a hearing on extraterrestrial life on CSPAN2 yesterday.) The one, single thing that has happened is that the president held meetings on administrative options for immigration reform with advocates and the business community.
President Obama devoted much of his press conference yesterday to declaring an interim victory in Iraq, due to Kurds taking control of a key dam near the town of Mosul. The momentary relief from the threat posed by ISIS may or may not prove to be a significant foreign policy moment.
The annual Fed conference at Jackson Hole, Wyoming commences on August 21. Officially sponsored by the Federal Reserve Bank of Kansas City, the conference has been since 1978 the most important meeting of global central bankers. This year’s focus is "Re-Evaluating Labor Market Dynamics,” a key issue across the globe.
Another day, another effort to shame American companies who have decided to pursue tax inversion. This week, six Members of Congress sent a letter to the president asking him to "use [his] executive authority, to the maximum extent possible, to deny contracts to corporate deserters."
The more things change, the more they stay the same. For years, health care costs grew faster than incomes — to the point that health care grew to one-sixth of the economy. Then came the revolution; namely the financial crisis, recession, and Obamacare. Health care costs supposedly were tamed by a combination of new laws and weakened consumers.
The president has spawned an important debate regarding poverty and work. These are, indeed, closely related, as in America the dividing line between poverty and non-poverty is work. Those who have a job have single digit poverty rates, while those who do not have poverty rates exceeding 20 percent.
Medicaid expansions have been central to the already-tortured history of the Affordable Care Act (ACA); aka Obamacare. As originally signed by President Obama, the ACA required all states to expand Medicaid.
Is college worth the cost? In a survey from the Federal Reserve, under 25 percent thought so. One might expect this kind of negative sentiment from art history majors floundering in the Obama job market, but the same viewpoint prevails from majors in computing and information sciences.
As students from around the nation return to school, it’s important to recognize that from their first day of kindergarten to their last in college, their lives might be changed due to new federal regulations. Although students are hardly the first target when “federal regulations” are mentioned, several recent rules are finding their way into halls of education.
Almost exactly a year ago, I wrote about the Affordable Care Act’s (ACA) first open enrollment period. I suggested that opponents of the law should avoid getting too caught up in any enrollment problems or web glitches.