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Business & Economics |
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Business & Economics BLOG |
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The Fed Painted Into a Keynesian Corner
By: Robert P. Murphy
1.22.2008
This morning the Fed announced a surprise rate cut of 75 basis points, the biggest cut in 24 years. Yet the stock market nosedived anyway, with the S&P 500 shedding 1.1% during the session, bringing its total losses to 10.75% for 2008. The Fed is finding that it has lost control over the market: If it stays pat, investors gripe about a credit crunch and stocks plunge, while if it cuts aggressively, then investors assume things are worse than they realized and rush to Treasuries.
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The Writers Strike and Jay Leno's Monologue
By: Robert P. Murphy
1.11.2008
In entertainment news, the excitement this week was the decision by Jay Leno and Jimmy Kimmel to appear as guests on each other’s show. During Kimmel’s appearance on “The Tonight Show,” the issue came up that Leno himself—in his capacity as a writer and member of the Writers Guild—is prohibited from writing jokes. Incredibly, not only is Leno forbidden from writing jokes for Kimmel…he can’t even write jokes for himself. I’m not exaggerating: The official Writers Guild position is that Leno has permission to do a monologue. But if he writes his own monologue, then he has crossed the picket line.
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Business & Economics PUBLICATIONS |
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Time to Sunset California’s “Relic” Stem Cell Institute
By: K. Lloyd Billingsley on 7.1.2009
SACRAMENTO – The governance of the California Institute for Regenerative Medicine (CIRM), the state stem cell institute, is inadequate to protect the interests of taxpayers and CIRM’s own goals, according to Stem Cell Research: Strengthening Governance to Further the Voters’ Mandate, a June 25 report from the Little Hoover Commission, a state watchdog agency.
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Make California an Enterprise Zone
By: K. Lloyd Billingsley on 6.3.2009
Jack Kemp, who passed away last month at 73, is associated with football, New York state, and Washington DC. He was actually a native Californian and right now the Golden State could use some of his ideas.
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Business & Economics PRESS ROOM |
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Cap and Trade: The government’s new pet market
6.29.2009
While most Americans are distracted by the situation in Iran and the vital current healthcare debates, Barack Obama and his friends in Congress are attempting to rush through one of the most draconian realignments of energy policy in the nation’s history. This legislation proposes a cap on carbon emissions with permits that are tradable between companies. Known as “cap and trade,” it’s better described as “cap and tax.”
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Business & Economics
