27
Jun 06

Whaaa? Line-Item Veto? I thought the Supreme Court said it was Unconstitutional?

Why is Bush pushing for the Line-Item Veto?  There are identical bills in both the Senate (Govtrack) and the House (Govtrack).  Although it seems like a worthwhile idea, I thought it was a done deal – the Supreme Court ruled 6-3 agreeing with a lower court that it was unconstitutional in 1998.  Via an OLD CNN page (as always, all emphasis is mine):

The 6-3 ruling said that the Constitution gives a president only two choices: either sign legislation or send it back to Congress. The 1996 line-item veto law allowed the president to pencil out specific spending items approved by the Congress.

In his majority opinion Justice John Paul Stevens upheld a lower court's decision, concluding "the procedures authorized by the line-item veto act are not authorized by the Constitution."

If Congress wants to give the president that power, they will have to pass a constitutional amendment, Stevens said. "If there is to be a new procedure in which the president will play a different role in determining the text of what may become a law, such change must come not by legislation but through the amendment procedures set forth in Article V of the Constitution," Stevens said.

I suppose that stare decisis compels the Court, even with the new conservative makeup, to consider the 1998 ruling.  Maybe the hubub over signing-statements has something to do with it?  Or is this more "rally the base" noise, like immigration, gay marriage, etc.?  Or with a Congress and a White House who has NEVER shown any fiscal discipline, is this a way to show the populace that there serious this time?


19
Sep 05

How Prepared Are We for an Outbreak of Avian Influenza?

A relavent CRS report regarding our preparedness. Here is a map from the State Department showing the prevalence throughout Asia as of Spring 2005. Here’s another map showing known human infections globally for 2005 and the Asian continent for 2004.


15
Sep 05

*POP* goes the bubble!

They JUST had a segment on NPR about that (8:02am) detailing the 10 of the 12 Federal Bank’s Biege Books forecasted a cooling off of the housing market. Long story short (in my opinion)- specualtion is driving the market up (see the NYTimes article a couple of weeks ago about Philly becomming the sixth burrough of New York), interest rates make it possible (you can buy more house for the payment at a lower interest rate), and the speculators are beginning to look elsewhere. The question is, will it deflate or pop?

Here’s some related bubble info online:

Attention, Speculators: Here’s a Lesson from Hong Kong’s Housing Bubble Docuticker

U.S. Housing Prices: Is there a Bubble? (Congressional Research Service) OpenCRS

Is Housing Starting to Pop? (Partisan) BOPNEWS

Krugman (NYTimes) on Housing, Jobs, and Troubling Employment Stats (Partisan) BOPNEWS

Businessweek: How Bubbly is Your Housing Market (table) Businessweek

Housing Affordability Docuticker

House Prices in America: Valuation Methodology and Findings Docuticker


10
Sep 05

ResourceShelf’s DocuTicker: CRS Reports Related to Hurricane Katrina

ResourceShelf’s DocuTicker: CRS Reports Related to Hurricane Katrina


15
Aug 05

How will rising gasoline prices manifest in Consumer Behavior?

Plenty of pundits foresee an eventual tightening of consumer’s wallets as the likely outcome of the upward spiral of crude (and eventually gasoline) prices. So what areas are most sensitive? Where will this tightening show up?

Will it be retail sales? Automobile sales? Tourism? Personal savings? This General Accounting Office (GAO) report has some details and explanations for the factors behind the increases. You can also view this related CRS report entitled “Gasoline Prices:Policies and Proposals” (PDF).