The New York Times was out with its review of the ACA to date yesterday. I think a fair reading of the article suggests that we, the readers, are supposed to answer: “On balance, yes.” I’m not so sure.
Among the numerous putative causes of last week’s equity market convulsions is the potential for European deflation. Deflation is the persistent widespread decline in prices (as opposed to a drop in the price of a particular product or service).
Equity markets swooned yesterday, with the bellwether Dow dropping at the open, quickly losing over 300 points, bottoming out 460 points down, and ultimately recovering to close “only” 173 points down. This raises the natural question: why?
During a speech at Northwestern University, President Obama offered a stale laundry list of policy proposals enacted or sought during his administration.
Speaker of the House John Boehner laid out his agenda for restoring the U.S. economy to greatness.
The Federal Open Market Committee (FOMC) — the policymaking arm of the Federal Reserve — wound up a two-day meeting yesterday.
As the end of August recess quickly approaches, all eyes turn to the loaded September agenda. Included on the to-do list is the reauthorization of America’s official export credit agency (ECA), the Export-Import Bank. This year its renewal has attracted outsized political attention in comparison to the limited, albeit important, role the agency plays in helping American companies export their goods and services.
In a speech in Austin, Texas last month, President Obama said, “You know, it is lonely, me just doing stuff. I'd love it if the Republicans did stuff too.” But on the border crisis, House Republicans are the lonely ones.
The Federal Reserve’s policymaking committee will meet on Tuesday and Wednesday this week. For the moment, there is little suspense regarding the outcome: the Fed will “taper” its purchases of Treasury securities and mortgage-backed securities (MBS) by $10 billion, reducing monthly purchases to $25 billion on its way to ending purchases in October.
New pushes in the network neutrality debate are threatening to place much of the Internet sector under a new burdensome regulatory regime that could hinder growth and insert regulatory uncertainty into countless companies, including small startups. The regime, known as Title II reclassification, would place broadband under telephone regulation in order to ban certain network practices. But the ensuing legal morass is not likely to achieve the intended goals. Meanwhile, the broader Internet sector could come under these proposed rules. Of all the proposals suggested, reclassification poses high costs with the little, if any, rewards.