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USA Today: It’s June — the time of year when we’re supposed to hear wedding bells. You know the drill: The invitations start pouring in and you find yourself scrambling to order gifts from registries and block off summer weekends to attend ceremonies and parties.
First Things: What has fueled China’s remarkable economic growth that has lifted more than 500 million people out of abject poverty and positioned it to become the world’s largest economy? In part, it’s been fueled by the pipeline of market mechanisms, modern technology and Western management practices that former paramount leader Deng Xioaping untapped in the 1980s.
Human Life International: The facility in which these surgeries took place was far from sterile. It was an abandoned hospital in rural India with broken windows and animal feces on the floor. The doctor and staff assisting in the operations did not change gloves or sterilize medical equipment between patients.
The Daily Signal: After 50 years of the War on Poverty with little results, it’s time for a new path forward. In a speech at the 2014 Heritage Antipoverty Forum, Sen. Tim Scott, R-S.C., described his vision to lift more Americans out of poverty.
Family Studies: That this is a problem is no longer debatable. The retreat from marriage in working-class and poor communities across the United States hinders educational and economic opportunity, helps drive the crime rate higher in these communities, and exacts a serious social and emotional toll on children. It also—as Robert Lerman and I argue in a new report, “For Richer, For Poorer”—seems to account for almost one-third of the growth in family income inequality since the late 1970s.
The Federalist: Less decent-paying work for less-educated men, cultural shifts away from marriage-centered familism, and the erosion of masculinity have drastically reduced marriage rates and eroded American society.
Public Discourse: If we want to be coherent when addressing poverty, our concerns can’t be rooted in emotivist or relativistic accounts of who human beings are. They must be founded on recognition of each person’s freedom, rationality, and dignity.
Acton Institute: For the past three decades, there has been an attempt by the political class to divide conservatism into two main branches: social and economic. The two are often pitted against each other despite the fact that most conservatives in America would identify with both sides. Mainstream conservatives realize what the elite class does not: economic and social factors are inextricably linked together.
Family Research Council: Many are making the argument that pro-homosexual policies promote economic growth. FRC takes the arguments head on, with empirical evidence.
While promoting pro-growth economic policy (as the authors propose) is important, retreating from marriage is not the answer. Restoring a marriage culture is essential for the welfare of men, women, and children.
Todd Zywicki at Volokh Conspiracy: For private schools, these data are difficult to uncover, but the University of Baltimore report corroborates a widely held view that universities in general impose a “tax” amounting to between 20 and 25 percent of their law schools’ gross revenues.
AP: U.S. births rose after the late 1990s and hit an all-time high of more than 4.3 million in 2007. But then they started dropping each year, and in 2011 the number was as low as it had been in the 1990s.
Human Events: If this story from the New York Post is confirmed, it’s one of the blockbuster stories of the decade. It looks as if suspicions that the Labor Department’s unemployment surveys include false data have been borne out . . .
Christian Science Monitor: A study of small businesses found that many are cutting full-time workers or worker hours to comply with Obamacare. Franchises are making the biggest cuts.
CNSNews: Married Americans spend more than their unmarried counterparts, suggesting that if the marriage rate increases, overall spending in the U.S. might also increase, benefiting the U.S. economy.
CNSNews: Americans who were recipients of means-tested government benefits in 2011 outnumbered year-round full-time workers, according to data released this month by the Census Bureau. They also out-numbered the total population of the Philippines.
AP: Almost 6 million young people are neither in school nor working, according to a study released Monday. That’s almost 15 percent of those aged 16 to 24 who have neither desk nor job, according to The Opportunity Nation coalition, which wrote the report.
Chriss W. Street at Breitbart: Having benefited for twenty years from their under-valued currency, importing manufacturing jobs, and exporting lower priced products, China’s comparative advantage is being destroyed by America’s oil and natural gas fracking boom. The Chinese communist authorities are terrified their loss of competitiveness will cause unemployment and the social consequences that flow from it. But with the terms of trade now substantially against China, convincing the world to dump the U.S. dollar as reserve currency and switch to the Chinese “renminbi” is their best hope to try to save tens of millions of manufacturing jobs.
Andrew Johnson at National Review: Here are 100 examples of how Obamacare is falling short of what was promised.
Wall Street Journal: The income of the typical D.C. household rose 23.3% between 2000 and 2012 to an inflation-adjusted $66,583, according to the Census Bureau’s American Community Survey, its most comprehensive snapshot of America’s demographic, social and economic trends. During this period, median household incomes for the nation as a whole dropped 6.6% . . .
ABA Journal: Rooney used the position to start filling a gaping hole in the law–access for all to legal services–and created a program to train lawyers serving poor and moderate-income clients to become not just good advocates but smart businesspeople too. “We started a network where we had full-time staff to provide to graduates developing small and solo firms the kinds of services they’d get if they were at a large firm,” he says. “It was the beginning of a movement in the United States to support graduates.”
Wall Street Journal: Yes, there are fewer BigLaw jobs than there used to be. But the average starting salary for those junior lawyers in major markets remains $160,000 a year — enough, one would hope, for even the most debt-laden law graduate to eke out a living.
Rachel Lu at Public Discourse: Marriage has given structure and purpose to the lives of an incredibly diverse array of people, across millennia of human history. It can work for young Americans today. And the consolations of family life could help to compensate for the other disappointments and challenges that these over-optimistic youth are likely to encounter once they move beyond the classroom. Millennials want to hear this, and they need to know. If their elders want to atone for the mistakes of yesteryear, now is the time to start talking about marriage.
Reuters: President Barack Obama will appeal to business leaders on Wednesday to urge Congress to approve an increase in the U.S. debt limit and avoid a default that is possible as early as mid-October.
Jonathan Adler at the Volokh Conspiracy: UNC’s Bernard Burk has an interesting new paper on changes to the legal profession and legal job market, “What’s New About the New Normal: The Evolving Market for New Lawyers in the 21st Century.” Here’s the abstract . . .
NY Times: Worried about the potential impact on the fragile economies in their states, Republican governors this weekend warned their counterparts in Congress not to shut down the federal government as part of an effort to block financing for President Obama’s health care law.
AP: The Pew study, out Thursday, says a record 21.6 million young adults between 18 and 31-years old are at home with mom and dad. That’s 36 percent of the age group . . .
AP: Four out of 5 U.S. adults struggle with joblessness, near-poverty or reliance on welfare for at least parts of their lives, a sign of deteriorating economic security and an elusive American dream.
Noam Schieber at the New Republic: If all the occupational golden ages to come and go in the twentieth century—for doctors, journalists, ad-men, autoworkers—none lasted longer, felt cushier, and was all in all more golden than the reign of the law partner.
Public Religion Research Institute: Americans are generally pessimistic about upward economic mobility. Nearly half (47%) of Americans believe that their generation is worse off financially than their parents’ generation, compared to 16% who believe their generation is doing about the same, and 36% who believe they are better off than their parents’ generation.
CNN: The early years of adulthood are supposed to be a time of optimism and hope, but for many Americans now in their 20s it has instead been a period of uncertainty and frustration.
NCPA Policy Digest: States and cities across the nation are starting to learn what Wall Street already knows: the days of easy money are coming to an end, says the New York Times.
Patrick J. Buchanan at Human Events: “No longer committed to a particular place, people, country or culture, our largest public companies have turned globalist, while abdicating the responsibility they once assumed to America and its workers.” . . . Silicon Valley demands hundreds of thousands more H-1Bs — foreign graduate students who can be hired for half what an American engineer might need to support his family.
Tom Ehrich at Religion News Service: As I officiate at a family wedding in this charming coastal city, it seems to me the institution of marriage is alive and well — and in serious trouble. The trouble isn’t out-in-the-open homosexuality, birth control, abortion, assertive women, or any of the right-wing alarms. The trouble is poverty. The less affluent you are, the more likely you are to have a child without the benefit of a partner, at an age too young for effective parenting, and in chaotic living arrangements.
Trevor Butterworth at Forbes: A good marriage is unrealistic given the economic stresses haunting blue collar America and especially low-income black communities: the loss of earning power and status among low and unskilled men, and large numbers in prison or engaged in drug dealing. The simple fact behind the decline of marriage in the US is economic pragmatism. “Marriage is becoming a class privilege,” said Kefalas. All the talk of recession and culture and cohabitation and education is a way of avoiding talking about the economic collapse of an entire class of American male.
LifeSiteNews: A mother at home is of more use to the economy than her husband at work. Don’t believe me? Watch this clip of Pat Fagan of the Family Research Council speaking at the recent World Congress of Families, and I’m sure you’ll agree!
National Law Journal: The country’s largest law firms are wading deeper into the new associate hiring pool — a welcome development after years of recruiting declines.
National Law Journal: A large graduating class and fewer law school-funded jobs meant that the overall employment rate for the J.D. class of 2012 fell by 1 percent compared to a year ago, according to figures released Thursday by NALP.
CNBC: Forty-one percent of the businesses surveyed have frozen hiring because of the health-care law known as Obamacare. And almost one-fifth—19 percent— answered “yes” when asked if they had “reduced the number of employees you have in your business as a specific result of the Affordable Care Act.”
Forbes: Yet, there is a world wide perception that any data that is stored or even routed through the United States is sucked into cavernous NSA data centers for analysis and cataloging.
Above the Law: By All Means, Allow Law Students and Grads to Work for Free
The ABA agrees that exploitation of law students and other interns is unacceptable; however, the FLSA uncertainty inhibits law firms from offering students the opportunity to work on pro bono matters in a real-life practice setting. …
The American Prospect: To critics, the degree is little more than a scam making extra cash from attorneys desperate to burnish their credentials in a brutal legal job market.
Richard A. Epstein at WSJ: Law schools are under siege. Applications have dropped to around 54,000 annually, from around 100,000 in 2004. First-year enrollment has slipped to under 40,000 students, from 50,000 in 2010. Jobs are scarce—especially for students coming from lower-tier law schools. The average annual tuition has risen to just over $40,000 per year, from about $23,000 in 2001. Average debt on graduation has followed suit, jumping to about $125,000 in 2011, from $70,000 in 2001. No wonder many experts expect perhaps a dozen schools to close their doors within a year while other schools slash their class size, faculty and staff to stay open.
Americans for Tax Reform: sked about Senator Max Baucus’s (D-Mont.) recent “train wreck” comments, President Obama today said, “A huge chunk of it [Obamacare] has already been implemented.” Unmentioned was the wave of destructive Obamacare tax increases that will begin to hit Americans during the next tax filing season and beyond . . .
Robert J. Samuelson at Washington Post: It’s hard to overstate the breakdown of marriage and the rise of single-parent families. Consider out-of-wedlock births. In 1980, about 18 percent of births were to unmarried women; by 2009, the proportion was 41 percent. Among whites, the increase was from 11 percent to 36 percent; among African Americans, from 56 percent to 72 percent; among Hispanics, from 37 percent (1990) to 53 percent. Or look at the share of children living with two parents. Since 1970, that’s dropped from 82 percent to 63 percent. Among whites, the decline is from 87 percent to 73 percent; among African Americans, from 57 percent to 31 percent; among Hispanics, from 78 percent to 57 percent. Just what caused these changes remains controversial.
Philip Cohen at The Atlantic: For a few decades, women’s rising share of the workforce probably led to fewer women getting married. But that’s not the case anymore.
Kevin Swanson at Vision Forum Ministries: What do you do with a society where the young 30-year-old men are playing computer games, and the 65-year-old men are playing golf? What happens to a society where there are far more retirees than Generation Y’s in the work force, especially if the social security system is nearing bankruptcy? This is where we are today, and the economic situation is dire. Unless we change the way we educate, the way we do our economics, and the way we integrate our families, I tremble to think of what will happen in the upcoming decades. Now is the time to redefine a biblical economy based upon the re-integration of the family.
Daily Mail: The number of Americans living in poverty has spiked to levels not seen since the mid 1960s, classing 20 per cent of the country’s children as poor
Wall Street Journal (via Google): orthwestern University School of Law, one of the country’s top law schools, said it will reduce the size of its incoming class by about 10%, citing declining applications and a “shakeout” in the market for legal jobs.
Law.com: Can’t pass the bar exam? Here’s a $10,000 refund. Two law schools are experimenting with refund programs for graduates who don’t pass the bar examination after two tries, provided they complete a rigorous set of bar preparation courses beforehand.
Rasmussen: Fifty-nine percent (59%), though, say that is no longer possible, up from 55% in late January and the highest level of pessimism in over four years of surveying.
Bloomberg: Consumer spending in the U.S. rose in January even as incomes dropped by the most in 20 years, showing households were weathering the payroll-tax increase by socking away less money in the bank.
National Review: We’re in a serious enough demographic bind that we’re all going to have to work together to figure out a way to make this thing work. The thing is, when your fertility rate is sub-replacement, you enter a zero-sum game where either older folks aren’t going to get the benefits they were promised or young workers are going to face much steeper tax rates. How the politics of this issue resolves over the next 20 years will be one of the most interesting stories around. Will older Americans relinquish some of their claims? Will younger workers volunteer to pay more? Will there be some grand bargain? The truth is, no one knows how it will end. We just know that something has to give.
NCPA Policy Digest: Villarreal demonstrates that there is a mismatch between job demand through the next decade and the graduates we are producing. It is important that the federal government stop interfering in employment and education markets by curtailing federal student loan programs and equalizing tax credits for all students at all colleges, be they four year or otherwise.
NY Times: The college degree is becoming the new high school diploma: the new minimum requirement, albeit an expensive one, for getting even the lowest-level job.
Wall Street Journal: Law-school applications are at their lowest in a decade, but that hasn’t stopped a handful of colleges and universities across the nation from opening new law schools.
CBS Chicago: Hold on to your wallets: we are in the middle of a gas price spike, and experts say it will only get worse. CBS 2′s Courtney Gousman learned several factors might push the price in our area to more than $4 a gallon.
CNSNews: In a final regulation issued Wednesday, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year.
NY Times: Law school applications are headed for a 30-year low, reflecting increased concern over soaring tuition, crushing student debt and diminishing prospects of lucrative employment upon graduation.
AP: Record unemployment and fraying social welfare systems in southern Europe risk creating a new divide in the continent, the EU warned Tuesday, when figures showed joblessness across the 17 EU countries that use the euro hit a new high.
Gary King at the NY Times: CONGRESS and President Obama have pushed through a relatively modest stopgap measure to avoid the “fiscal cliff,” but over the coming years, the United States will confront another huge cliff: Social Security.
Wall Street Journal: During the negotiations, the White House won a concession from Republicans to allow phaseouts for personal exemptions and limitations on itemized deductions, starting at an income of $250,000 for individuals and $300,000 for joint filers.
Bloomberg: Three and a half years after the worst recession since the Great Depression, the earnings and employment gap between those in the under-35 population and their parents and grandparents threatens to unravel the American dream of each generation doing better than the last. The nation’s younger workers have benefited least from an economic recovery that has been the most uneven in recent history.
Telegraph: The Republican leadership was forced to abandon a vote on its alternative plan to avoid the “fiscal cliff” on Thursday night after its members rebelled at the prospect of raising taxes for millionaires.
AP: As a whole, the U.S. population grew by 2.3 million, reaching 313.9 million people. That growth of 0.75 percent was higher than the 0.73 percent rate in 2011, ending five years of slowing growth rates. Nevertheless, growth levels remains stuck at historically low levels not seen since 1937, restrained by reduced childbirths.
Business Insider: Not only do they want their tuition back, but graduates suing their law schools want the institutions to own up to their alleged lies.
AP: Senate Republican Leader Mitch Connell insisted on Tuesday that President Barack Obama and Democrats spell out where they would cut government spending as part of any massive budget deal to avoid the “fiscal cliff” double hit of automatic tax hikes and spending cuts.
CNSNews: Seventy-three percent of the new civilian jobs created in the United States over the last five months are in government, according to official data published by the Bureau of Labor Statistics.