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  • Yearly Archives: 2008

    Blue Dog Democrat Questions Need for Stimulus Plan

    Rep. Baron Hill, a Blue Dog Democrat from Indiana, voiced concern today about the rush for Congress to pass an economic stimulus plan. During the question-and-answer portion of this morning’s hearing before the Joint Economic Committee, Hill noted that Democrats violated PAYGO rules when they passed a one-year freeze for … More

    Free Market Dodges Trial Lawyer Bullet

    In what has been billed the ‘Roe v. Wade‘ of securities law, the Supreme Court narrowly declined to create a new investor claim against any company that did business with a fraudulent company. The Court ruled 5-3 in Stoneridge Investment Partners v. Scientific Atlanta that investors may sue only those … More

    What Should Congress Do to Avoid a Recession?

    Members of Congress turn their attention to the economy this morning with a Joint Economic Committee hearing about what lawmakers should do to avoid a recession. They’ll hear testimony from former U.S. Treasury Secretary Lawrence Summers, Economic Policy Institute President Lawrence Mishel and Heritage’s Bill Beach, director of our Center … More

    Maryland's Costly Energy Policy

    Maryland Governor Martin O’Malley’s energy administration is proposing one of the most ambitious yet costly energy conservation packages, including goals to reduce electricity consumption by 15% and to mandate state utility companies to purchase 20% of their energy from solar, wind and other renewable fuels by 2022. If the companies … More

    Morning Bell: Fighting Earmarks Finally

    According to The Hill, President Bush will face a key test on federal spending when he returns from his Middle East trip wrapping up in Egypt today. At issue is a movement by conservative budget watchdog groups supporting an Executive Order from the president directing federal agencies not to spend … More

    Tax Rebates Cannot Save Us

    Reports following Federal Reserve Chairman Ben Bernanke’s Monday meeting with Speaker Nancy Pelosi indicate that House Democrats are considering a $100 billion economic stimulus package that “money for ailing state governments, higher Medicaid spending and an increase in food stamp payments.” Completely ignoring their election promise to pay for any … More

    An Odd Argument on the Death Penalty

    Jon Yorke, a British law lecturer who has written widely on the U.S. death penalty, argues that the law’s focus on the actual act’s pain (Baze v. Rees, presently pending in the Supreme Court, asks how courts should consider the risk of pain during execution) may be misplaced: While hypoxia … More

    Freakonomists on Nuclear Energy

    Economists Stephen Dubner and Steven Levitt, renowned for their book “Freakonomics” and New York Times blog, have a certain knack for examining the hidden incentives, opportunity costs and unintended consequences of real-world issues using sound economic logic. They have also advocated the development of commercial nuclear energy on more than … More

    Morning Bell: Debunking the Iran NIE

    Throughout President Bush’s current Middle East trip, administration officials have had to quell confusion about how the December 3, 2007 National Intelligence Estimate on Iran’s nuclear program affects U.S. policy in the region. Already the report has undercut efforts to form “an international coalition to impose sanctions against Tehran” and … More

    Lancet Study Author Helped Saddam Undermine U.N. Sanctions

    The George Soros funded Lancet study that put Iraqi deaths at numbers ten times higher than any human rights group estimated, was co-authored by Riyadh Lafta, an official for Saddam Hussein’s government who used similar data analysis techniques to undermine U.N. sanctions against the brutal Iraqi dictator. According to National … More