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...routinely drop such nuance when we talk about economic variables in public conversation. "One of the things that gets lost is the fact that there are ways of trying to assess errors in forecasts," says Robert Eisenbeis, a former researcher at the Atlanta Fed who is now chief monetary economist at the money-management firm Cumberland Advisors. "It's possible to think about these forecasts not as 'GDP is going to be 0.6% this year' but as 'GDP is going to be 0.6% plus or minus something.' What's relevant is how big that plus or minus...
...large factor in the regional silence, according to local analysts, is trade. "There are other political and economic interests and challenges," says Hala Mustafa, editor-in-chief of Egypt's government-affiliated Al-Ahram Quarterly Democracy Review. China has a significant economic presence in the Middle East, particularly where it fills the gaps left by U.S. sanctions. According to U.S. government statistics, China is both Iran and Sudan's biggest trade partner, and either the main or secondary source of imports for most of the other countries in the region. (Read "How Iran Might Beat Future Sanctions: The China Card...
...this before, but now there have been important advances on the technology side," says Theodore Craver Jr., chief executive officer of Southern California Edison...
...their qualms if he were clearer about where his red lines are for health-care reform. While the President insists, for instance, that he wants to see a public plan in the legislation, he has refused to spell out in detail what it should look like. Meanwhile, White House chief of staff Rahm Emanuel has been talking up the possibility of setting up a public plan only as a fallback if the private-insurance industry fails to create a robust and competitive market for health coverage. "The goal is to have a means and a mechanism to keep the private...
...idea that the Supreme Court can make policy shouldn't be controversial after its decisions in two of the most contentious cases of the term that ended last month, one involving voting rights and the other affirmative action. In the voting-rights case, Chief Justice John Roberts produced the most impressive example of judicial statesmanship of his tenure by persuading all but one of his fellow Justices to converge around a result that never occurred to Congress when it passed the Voting Rights Act in 1965. A prudent demonstration of judicial policymaking, the decision was widely praised by liberals...