The employment report for June will be released at 8:30 this morning. (The Thursday release is due to the national holiday tomorrow. The Employment Situation report is typically released on the third Friday after the conclusion of the week the survey is done; that is the week that includes the 12th of the month.)
Regulations, that is. On Monday, the Supreme Court invalidated the Environmental Protection Agency’s (EPA) limitations on mercury emissions from electric power plants.
When I was in college, the Greek system was synonymous with unruly people spilling into the streets and ignoring the wishes of others. Yesterday suggested it is still true. Markets were roiled around the world — in New York, the Dow fell 350 points or just under 2 percent — by the sight of lines of Greeks at ATMs, banks closed until July 6, and capital controls self-imposed by a member of the Eurozone currency union.
The Highway Trust Fund (HTF) will run out of money at the end of July, with the exhaustion of the latest of short-term patches to its funding. What happens next? Lawmakers and policy analysts on both sides of the aisle express a desire for a long-term (5 or 6-year) fix.
The highest court in the land has spoken and Obamacare is being implemented legally. Now the debate, properly, returns to the key question: was it a good idea? Repeatedly in recent weeks, one has heard columnists, pundits and the president assert that "In many ways this law is working better than it's supposed to.”
The House is considering H.R. 6, “The 21st Century Cures Act.” The bill is chock-full of good stuff...
The upcoming Federal Communications Commission (FCC) incentive auction is the most important reallocation of radio spectrum of this decade. The objective is to reallocate additional spectrum toward mobile broadband uses. The FCC’s upcoming incentive auction is a two‐sided auction where both the sellers and buyers will be bidders.
The sluggish pace of the U.S. recovery from the financial crisis and Great Recession has been well-documented. However, it is less well-recognized that 15 states have not recovered to their pre-recession levels of employment.
The aftermath of the financial crisis and Great Recession produced a tremendous policy focus on financial stability, in general, and the notion of “too-big-to-fail” institutions. In the parlance of regulators, the latter are known as Systemically Important Financial Institutions or SIFIs.
Rand Paul’s announcement yesterday of his proposed 14.5 percent flat tax has renewed attention on the staple of tax reform discussions. The Flat Tax was a proposal by economists Robert Hall and Alvin Rabushka in 1981.