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Chris Christie hasn't been very popular in GOP circles since he praised Barack Obama at the Jersey Shore on the eve of the presidential election. But Christie's national luster should be fading for a much better reason: He has one of the worst economic records of any governor in the United States.
New Jersey has the seventh highest unemployment rate in the country -- 9.3 percent.
President Obama's proposal to spend $100 million next year mapping the human brain, as part of a larger multi-year project, is already drawing firing from critics of government spending.
But if there were ever a clear payoff from government spending, it's spending for science. Consider a the findings of a 2011 study of the economic benefits of the government's massive Human Genome Project, which took 13 years to complete.
The Fair Minimum Wage Act of 2013 would peg the minimum hourly pay for tipped workers to 70% of the standard, federal rate over the next three years. Supporters like Restaurant Opportunities Centers United believe few parts of the workforce stand to gain as much from the success of such legislation as servers.
The indictment last week of 35 teachers and administrators in Atlanta for manipulating test scores is just the latest chapter in that city's long festering "teacher cheating" scandal. In turn, Atlanta is just one of many cities where evidence has surfaced that educators fudged testing data.
Perhaps the best way to think of these cheating scandals is that they are the result of a natural experiment: What happens when you change incentives so that low test numbers translate into pain and high test numbers translate into rewards?
The Center on Budget and Policy Priorities released a report recently with the self-concluding title thatRecent Deep State Higher Education Cuts May Harm Students and the Economy for Years to Come.
With comments straight out of President Reagan's "welfare queens" playbook, Paul Ryan is attempting to justify his proposed budgets cuts to various programs that help the poor, claiming the safety net "provides a powerful disincentive to get ahead." Never mind that since the 1996 Personal Responsibility and Welfare Reform Act, aka, "welfare reform," most of the remaining income assistance programs are both means-tested and work-based.
I recently published an article in response to a study of high-frequency trading (“HFT”) by Professor Charles M. Jones of Columbia Business School and an opinion piece he published simultaneously in Politico.
More and more Americans are spending their golden years racking up debt—a trend that if left unchecked could derail entitlement reform and alter the traditional pattern of wealth being transferred from older to younger generations.
For the past several decades, millions of senior citizens have been able to enjoy relatively safe retirements, in part due to a lifetime of savings, private pensions, Social Security, Medicare, and home ownership.