By Robert Kahn – Today’s (May 15) Eurozone GDP numbers remind us that Europe remains in a grinding recession; a second-half recovery now looks to be a long shot at best. The only bright spot comes elsewhere, with news of a German labor deal that will raise engineering wages by nearly 6 percent over the next 20 months (rebalancing European demand and stimulating German consumption needs more of this).
Notably, the need for jobs dominates other issues on the economic agenda. The mood is particularly bleak in the periphery, reflecting those countries’ economic troubles. more> http://tinyurl.com/bsglppy
By Karen Tumulty and Philip Rucker – Recent events suggest that the 44th president may not be immune to the phenomenon that historians call the “second-term curse.”
Not four months after his ambitious inaugural address, President Obama finds himself struggling to move his legislative agenda through an unbudging Congress.
Over the past week, two flaring controversies — one over his administration’s handling of the killing of the U.S. ambassador and three other Americans in Libya, the other over Internal Revenue Service employees targeting tea party groups for special scrutiny — have dominated the discussion in Washington. more> http://tinyurl.com/cobll6x
- Justice Department secretly seized AP reporters’ phone records, Brendan Sasso and Jordy Yager, Hill
- White House: ‘No knowledge’ of AP phone record seizure, Justin Sink, Hill
- Political storm bursts over IRS, Bernie Becker, Hill
- Obama dismisses GOP Benghazi probe as political ‘sideshow’, Julian Pecquet, Hill
- GOP defies Boehner on special Benghazi panel, Molly K. Hooper, Hill
- The IRS: Big Government gone bad, Chris Chaney, Hill
- Ways and Means sets hearing on IRS, Peter Schroeder, Hill
- Analysis: Controversies give Obama new governing headaches, Fred Barbash, Reuters
- White House strategy for winning immigration fight comes with some risks, Amie Parnes, Hill
- Fighting the gun world, Alan Brinkley, Reuters
- GOP: ObamaCare compliance burden nears 190 million hours, Sam Baker, Hill
- McConnell borrows Obama tactics for 2014, Alexandra Jaffe, Hill
Posted in Business, CONGRESS WATCH, Economy, Leadership, Media
Tagged Barack Obama, Business, Congress Watch, Government, Industrial economy, Leadership, Organization, United States
By Michael Macleod-Ball and Gabe Rottman – The extraordinary revelation this week that the Internal Revenue Service targeted tea party groups for more aggressive enforcement highlights exactly why caution is needed in any response to the much-vilified Supreme Court decision in Citizens United v. FEC (pdf).
It also shows how all Americans, from the most liberal to the most conservative, should closely guard their First Amendment rights, and why giving the government too much power to limit political speech will inevitably result in selective enforcement against unpopular groups. more> http://tinyurl.com/bsgo2we
Posted in Business, Economy, Leadership, Media, Regulations
Tagged Business, First Amendment, Government, Industrial economy, Leadership, Regulations, United States
By Alexander Bolton – The Senate’s Gang of Eight fended off a slew of poison-pill amendments aimed at the immigration reform bill, building momentum for the legislation that has sparked strong opposition from conservatives.
The Senate Judiciary Committee voted down GOP-sponsored amendments to delay putting 11 million illegal immigrants on a path to citizenship and to dramatically increase the number of Border Patrol agents and surveillance vehicles. more> http://tinyurl.com/cbtopyp
- If immigration reform fails, the GOP may be doomed, Joe Gandelman, Week
- Senate panel vote signals Republican support for immigration reform, Alexander Bolton, Hill
- Let Immigration Judges be judges, Dana Leigh Marks, Hill
- To Grow, The U.S. Economy Needs More Low-Skilled Immigrant Workers, David Bier, Forbes