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California Says No Thanks to $100 Million; Never Mind to $4 Billion
By: Thomas Tanton
7.28.2009
Today Governor Schwarzenegger vetoed almost $500 million in budget line-item, in order to finalize the state budget. However certain environmental activists convinced the Assembly to deny an offshore oil drilling lease. While the drilling lease narrowly passed in the Senate the proposal eventually stalled in the Assembly. The lease would have provided an injection of $100 million dollars in 2009-2010, and about $4 billion over the next decade; not a bad deal for a state that is quite literally living on borrowed money.
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Getting on Board with The Rest of The World
By: Vicki E. Murray, Ph.D
7.26.2009
Looking for a recession-proof investment? Try private education. In both America and Britain "there is little sign of a recession-induced meltdown in private schooling," according to the Economist. This resilience comes on the heels of a new study that finds a roughly 30 percent earnings gap between private school students and their government-school counterparts in both England and the U.S.
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Obama Should Look To the Sunshine State for Success in Education
By: Vicki E. Murray, Ph.D
7.23.2009
"A world-class education is a prerequisite for success," said President Obama in his speech to the NAACP on Tuesday, July 14 in Cincinnati. "The dream of a world-class education is still being deferred all across the country. African-American students are lagging behind white classmates in reading and math. Furthermore he stated that "if black and brown children cannot compete then America cannot compete."
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Red Pill, Blue Pill, Better Not, Get Ill
By: John R. Graham
7.22.2009
I think this evening's press conference achieved nothing. He has only the slightest understanding of what he's talking about. This is the second time I've heard him claim that "if the red pill works just as well as the blue pill, but costs half as much, let's use the red pill."
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Best News of the Day
By: John R. Graham
7.9.2009
Cheer up. According to the New York Times (which ought to know), the country’s most powerful unions are not able to stickhandle their agenda through Congress and the White House due to “internal disputes.” If true, this is good news for health reform. Note that whenever a corporate interest seeks to appease Obama on health care, it must do so through the intermediation of the Service Employees International Union (SEIU). The latest example is Wal-Mart, which caved into a “mandate” that employers cover their employees’ health care, largely because this would put competitors like Target at a competitive disadvantage.
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Christina Romer's Faulty Depression History
By: Carol Aregger
7.6.2009
Christina Romer, chair of the Council of Economic Advisers to President Obama, recently wrote an ode to Keynesian deficit spending as a method for curing severe recessions. Yet a simple glance at the big picture shows that the Keynesian story makes no sense.
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Digital Dialogues
By: Carol Aregger
7.3.2009
Read Sonia's latest blog posts on her website "Digital Dialogues." Topics include new technologies in communications and medicine, technological innovation, science and politics.
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