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Economist David Levy, chairman of the Jerome Levy Forecasting Center, says economic downturns up to and including the one in 1982 have largely revolved around temporary shocks to the economy such as high oil prices, backed-up inventories, lofty interest rates and other problems responsive to sharp correctives - after which unemployment rates eased in step with other recovery indicators. More recent recoveries from economic downturns, however, have tended to go forward without major gains in employment, a reflection of the fact that the underlying economic problems of modern recessions have been more complex and therefore more difficult to solve. Levy...
Charles Campion, deputy campaign chairman for the 1984 Walter Mondale campaign; Mary Anne Marsh, a commentator for Fox News; Charles Manning, senior advisor for Mitt Romney’s 2008 presidential campaign; and Alex Castellanos, media consultant to seven U.S. presidential campaigns and current IOP fellow, spoke about the successes and failures of the two current presidential campaigns, as well...
...odds with its presidential nominee, who helped write the failed 2006 immigration bill that would have granted a path to citizenship for illegal aliens. "McCain's at risk here because people are concerned that he has not taken a strong enough position on illegal immigration," says Corey Stewart, Republican chairman of the county board...
...heart a Honolulu-born, son of Hawai'i who will drop anything to care for his family, says another Hawaii-born politician, Democratic state Sen. Clayton Hee. "It is all at once a message to the world," says Hee, a Native Hawaiian who has served as the chairman of the state Office of Hawaiian Affairs. "It is an identity to the Islands. From the first time I heard that he referred to his grandmother as 'Toot,' I felt a profound linkage to this man. As a Native Son of Hawaii, it suggests very strong in my mind that there...
...chaired the parliamentary committee that investigated a funding scandal during Blair's final term, also suggested the Tories were in the clear. "We are not talking about corruption here. We are not talking about law-breaking," said Wright. This was about "a massive misjudgment." Or, as Lord Tebbit, former chairman of the Conservative party and one of Margaret Thatcher's most loyal Cabinet members tartly observed, "if you sleep with dogs, you will get fleas...