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...easy case to make. If a manufacturer's sales increased as a result of its deal with Babies "R" Us, the company can argue that it will produce a better product because of increased profits. Thus, the consumer ultimately benefits. Babies "R" Us can argue that its higher sales can pay for in-store services - i.e., stroller demonstrations, gift registries - that would not otherwise be possible absent the minimum-pricing agreements with its Internet competitors. Again, the consumer would benefit. (See which businesses are bucking the recession...
...trillion at the end of 2008 to less than $600 billion now. Congressional meddling in Federal Reserve decision-making - there are proposals to increase Congress's audit authority over the Fed - could bring a "perceived loss of monetary policy independence" that "could raise fears about further inflation, leading to higher long-term interest rates and reduced economic and financial stability...
...Republicans are calling it a dangerous "experiment." And even the Mayo Clinic - often cited by Obama as the model of what an efficient, high-quality health-care system should look like - is cautioning on its blog that legislation under consideration in the House "misses the opportunity to help create higher quality, more affordable health care for patients. In fact, it will do the opposite...
...global economy. China sees its controlled currency as a "dam surrounding a reservoir, and the government doesn't know what would happen if it blew up the dam," says David Li, an economist at Tsinghua University in Beijing. "Would water flood out because the level inside the dam is higher than outside or would the opposite happen? That's what they are afraid of, that uncertainty." Li believes it could take 15 years for China to make the yuan a fully convertible currency. Laurence Brahm, a China expert and author of the new book The Anti-Globalization Breakfast Club, seconds...
...unable to enroll, and 30,000 may be unable to take the classes they need in order to graduate. In California, where Governor Arnold Schwarzenegger remains a champion of community colleges, having studied at one, as many as 200,000 would-be students may get squeezed out of higher education next year...