This Week In Olympia The legislative session is almost over but lots of issues remain unresolved. Education funding is still up in the air, so is an agreement on a balanced budget. Jerry Cornfield, reporter and political columnist for the Everett Herald is waiting for answers along with the rest of us.
David Stockman Takes The American Economy To The Woodshed In 1985, federal budget Director David Stockman was sharply rebuked by his boss, Ronald Reagan, for saying the president’s tax programs were trickle-down programs to help the rich. These days, author David Stockman is taking Ben Bernanke, Wall Street Banks and the Obama administration to the woodshed for printing money, running deficits and leaving the gold standard.
The Media’s Boston Bomber Frenzy CNN went on the air with misinformation about the imminent arrest of suspects in the Boston Marathon bombings. The front page of the New York Post identified the wrong men as suspects. Should audiences have any expectations for factual reporting during these fast moving stories?
While policymakers debate the government’s budget, the Brookings Institute, a private nonprofit research organization, decided to host their own brainstorming session. They asked experts from all different fields to submit ideas for responsible deficit reduction.
One expert, Harvard professor Joseph Aldy, drafted a proposal eliminating oil and gas tax subsidies. A move Aldy estimates would save the US government $41 billion over 10 years.
In 2010, emerging economies accounted for almost 40 percent of the world's gross domestic product — twice as much as they did in 1990. Today, one in four Fortune 500 firms comes from emerging markets. How far can growth carry nations out of poverty and toward a strong economic foundation? We hear what the economic successes of developing countries can teach the developed world from Peter Blair Henry of NYU’s Stern School of Business.
As the date of the sequestration nears, fingers continue to get pointed, but what if political infighting is really the fault of the constituents? Ross Reynolds talks with New York Times Washington Bureau Chief David Leonhardt about why he thinks it is the constituents that are to blame for the looming across-the-board budget cuts.