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Economy Archive

Washington: Over-Leveraged on All Fronts | Commentary

One of the most frequently discussed concepts in the past six years is leverage. The financial crisis of 2008-09 is regarded by many economists as a crisis caused by excessive leveraging of borrowed funds. This was an “investment leverage” crisis. But we can also see excessive leveraging in the political realm of society, especially in Washington.

Congress Should Agree on Allowing a Third National Wireless Carrier | Commentary

Already this year, we’ve seen announcements of two major transactions in the media and telecommunications space: Comcast announced plans to acquire Time Warner Cable, and AT&T announced plans to acquire DirecTV. Congress has begun weighing in on these transactions and, if recent press reports are to be believed, they will soon have an opportunity to review the long-rumored merger of Sprint and T-Mobile. It is this third proposed transaction that is most interesting because it carries the potential of a policy dilemma for both Republicans and Democrats in Congress.

It's Time to Ratify the Treaty America Envisioned | Commentary

As we approach the 24th anniversary of the passage of the Americans with Disabilities Act, our nation has seen great advancement in opportunities for millions of Americans with disabilities to lead fruitful, productive lives as a result of this law. The ADA has also served as a standard for disability rights movements worldwide and as a framework for the Convention on the Rights of Persons with Disabilities, a treaty which seeks to ensure the rights of people with disabilities worldwide.

What Washington Can Do to Prevent Train Tragedies | Commentary

A lot has been written in this newspaper about how little Congress is accomplishing this summer. But there is something important Washington could do before the August recess without any congressional action — demand safer standards for hauling crude oil.

Should Congress Come to Puerto Rico's Rescue? | Commentary

Puerto Rico’s government is at serious risk of defaulting on its debt. If that happens, the ball will be in the court of the U.S. Congress to decide whether and how to bail it out. This matters not just to the people of Puerto Rico; it has serious implications for the U.S. economy and our commitment to ensure our local governments live up to the rule of law.

Prescott Grant May Leave Marine Mammals Stranded | Commentary

At Tuesday’s congressional briefing on marine mammal strandings, Congressmen William Keating, D-Mass., and Jared Huffman, D-Calif., spoke to approximately 80 congressional staffers and others about how crucial The John H. Prescott Marine Mammal Rescue Assistance Grant Program is for conducting important marine mammal rescue work and government-mandated research not only for their states, but nationwide.

All Americans Benefit From Senate Rules Reform | Commentary

What do Richard Boulware, a federal judge in Nevada; Nina Pillard, a judge on the U.S. Court of Appeals for the D.C. Circuit; and Melvin Watt, director of the Federal Housing Finance Agency, have in common?

The Magic Formula to Setting Up Events With Congress | Commentary

For most Americans, August means more time at the beach, afternoons on the golf course and maybe a family reunion. For Congress, it means dozens of meetings with constituents back home.

Retired Military Leaders Urge Congress to Reject Efforts to Undo Antiquities Act | Commentary

U.S. Presidents have enjoyed and successfully implemented the privilege of designating national monuments for more than 100 years. To date, 15 presidents on both sides of the aisle have used their authority under the Antiquities Act, granted to the president by Congress, to protect scenic wonders and historic sites like the Grand Canyon and the Statue of Liberty — places that have become symbols of America’s beauty and freedom around the world.

Choking Off Fraud | Commentary

Networks come in many forms. There are highways for commuting, broadband Internet for web surfing, wireless communications for text messages and phone calls — all constituting infrastructure that underlies vital daily activities. As valuable as they are, these networks can also be used for crime — drunk driving on our roads, predatory online activities, violent threats communicated over a call or text. Because of the unquestionable utility of our nation’s networks, law enforcement pursues such crime directly — and not the innocent and uninvolved infrastructure over which the crime occurs.

A Special Prosecutor is Needed Now | Commentary

For months, the president and his administration have called the bipartisan uproar over the Internal Revenue Service’s targeting of conservative non-profits a “phony” scandal. The Attorney General has done absolutely nothing to pursue those responsible for this infringement of taxpayer rights. And now they are writing off the disappearance of emails by the lead perpetrator of this scandal as a computer glitch.

America's Children Are Not for Sale | Commentary

The FBI’s recent successful operation targeting child sex trafficking revealed some impressive but shocking numbers. There were 281 pimps arrested and put behind bars for selling children, and nearly 170 children were rescued from being bought and sold for sex.

Putting Our Nation's Economy Before Politics | Commentary

The American people believe jobs, a dysfunctional government and the economy in general are the most pressing issues facing the country, according to Gallup’s most recent monthly poll.

Adding U.S. Jobs Through Increased Tourism Is an Easy Goal | Commentary

With all eyes focused on Brazil as the host of the World Cup, we are witness to the hospitality and welcoming spirit of Brazilians as they entertain the world. Wouldn’t it be great if the U.S. could reciprocate and entertain more Brazilians here in our country? Unfortunately, Brazil visa treaty negotiations are stalled before the game has even started.

No More Gimmicks To Fix Student Loan Debt | Commentary

As President Barack Obama indicated when signing his memorandum on student loans, the student debt crisis shows no sign of abating. Though the obvious causes are the ever-growing cost of college and the weak job market for recent graduates, the real culprit is congressional inaction.

We Need Affordable Child Care for Working Families | Commentary

Our children deserve the best care and education possible, but working parents in Chicago and across the country face a frustrating lack of access to affordable, quality child care. At a time when many families need two incomes just to make ends meet, quality child care is an absolute necessity and one of the biggest financial burdens working families face.

A Dispatch From Dave Brat's College: Teaching Politics at the Center of a Political Storm | Commentary

Thanks to Eric Cantor, at least one part of my job should be much easier this year: getting my students to pay attention to local political races.

Rethinking Economic Sanctions | Commentary

Against a backdrop of escalating violence in eastern Ukraine, the principal U.S. policy response has heretofore been to target Russian individuals and firms – from the chairman of the State Duma to a Russian company that makes mineral water and soft drinks.

Congress Should Consider Reality Over Rhetoric in Copyright Reform | Commentary

Nearly every sector of the recording industry has been outspoken about their desire to increase the royalty rates. Of late, the music publishers have been particularly active pressing their case in public and in Washington, D.C. Last week, representatives from the industry testified before Congress as part of an ongoing review of copyright laws being undertaken by the House Judiciary Committee.

Lessons from Mississippi on Obamacare: It's Not Just the Words, It's the Music | Commentary

There are some important lessons for upcoming Republican primaries to be drawn from last week’s runoff in Mississippi — and not just that Democrats put Sen. Thad Cochran, R-Miss., back in office for another six years.

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