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Articles Archive for July 2015

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[26 Jul 2015 | No Comment | ]

Crain’s Chicago Business on the struggles to fund Blue America. Someone has to pay for those public pensions.

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[26 Jul 2015 | No Comment | ]

The L.A. Times reports:

A federal judge has ruled that hundreds of immigrant women and children held in holding facilities should be released, finding their detention “deplorable” and in grave violation of an earlier court settlement.

U.S. District Judge Dolly Gee said federal authorities had violated key provisions of an 18-year-old court settlement that put restrictions on the detention of migrant children.

The ruling, released late Friday, is another blow to President Obama’s immigration policies and leaves questions about what the U.S. will do with the large number of children and parents who crossed the border from Latin America last year.

The Obama administration is detaining an estimated 1,700 parents and children at three detention facilities, two in Texas and one in Pennsylvania.

The costly illegals.

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[26 Jul 2015 | No Comment | ]

Barron’s reports:

The economic expansion that began in the third quarter of 2009 logged six years as of second-quarter 2015. That’s exactly the same duration as the previous expansion, which began in first-quarter 2002 and ended in fourth-quarter 2007, just before the start of the Great Recession.

On Thursday, the Bureau of Economic Analysis will release its first estimate of how economic growth fared in the second quarter, the 24th of the expansion. I’m expecting an annual growth rate of 3% or better, an above-average performance compared with the previous 23 quarters.

The BEA will also be releasing its annual benchmark revisions of past data. But even if there are upward revisions to recent years, and even assuming I’m right about improved performance in the second quarter, chances are still remote that the overall patterns will change materially.

For the recent period, those patterns look dismal. There were five expansions from 1970 to 2000, through which growth averaged in a range from 3.6% to 5.1%. Of the two expansions since 2000, the current expansion has been the slowest of all, at 2.2% so far. The second-slowest was the previous expansion, at 2.8%.

In the future, it’s possible that Common Core math will tell students in government schools that 3% growth is bad for the environment.