Word: feds
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Dates: during 2000-2009
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...other states, however, it's the extra volatility that comes from dependence on personal-income tax that is exacerbating the problem. Research by economists at the Chicago Fed show that by the late 1990s, the personal-income tax had emerged as the major source of state revenue - and that personal-income tax swings more wildly than other taxes, like sales tax. The typical state now gets 36% of its funding from personal-income tax, according to the Rockefeller Institute of Government. As unemployment continues to climb and investors offset their capital gains with losses, the effect is felt disproportionately...
...antidiscretion case has been made for years with regard to Federal Reserve monetary policy. Becker's Chicago teacher Milton Friedman thought that instead of tweaking interest rates, the Fed should just automatically increase the money supply 3% to 4% a year. Measuring the money supply in an era of financial innovation has turned out to be awfully hard, so in recent years believers in an automated Fed have turned to an equation concocted by Stanford economist John Taylor that takes in inflation, current economic growth and long-term-trend growth and churns out a suggested Fed interest-rate target. Taylor...
...gaze up at her and feel strangely comforted, the way you do around a certain kind of bossy, sexless power mom. The show approximated family life exactly: it was mostly good-natured and often boring and centered on the most basic transactions of daily existence - getting everybody dressed and fed, cleaning up, keeping quarrels to a simmer, not a boil. Now and then - in moments that genuinely did seem unscripted - Kate would wilt, leaning against the kitchen counter with a cup of coffee and seeming, for the twinkling of an eye, as though she were allowing herself to absorb...
...almost inevitable that establishments will reopen, run by criminal groups," says Ian Payne, director of operations at the River Palace. "There is a huge, established customer base that still wants to gamble. People will get fed up after a few weeks." Whether moral crusade or canny campaign move, the decision to ban gambling in Russia and Ukraine is a risky play...
...center, we've heard him give his testimony." Her advice for how to build a life of faith within the White House? "Everybody needs to just back off and settle down. Let him choose where he's comfortable, choose where he and his family are going to be spiritually fed, and then let it be his choice." Amen...