John H. Thompson, the director of the U.S. Census Bureau, just resigned amid a funding fight over the 2020 Census. Since it comes at the same time that the president fired the director of the FBI, why should anyone care about the resignation of just another Washington “bean counter”?
This bean counter, whose name is likely unfamiliar to the vast majority of Americans, is actually one of the most important people in determining whether Democrats or Republicans control Congress. The census has a significant impact on political representation and how federal money is distributed. Moreover, how hard the director fights for more funding helps determine the accuracy of the census. Continue reading
Since the start of this year, stock markets around the world have fallen as panicked investors have begun believing that the world is slipping into economic malaise. This fear has also driven down prices of commodities like oil and copper and impelled some central banks, like Japan’s, to make dramatic efforts to boost growth. The concerns are being magnified by memories of the worldwide recession of 2008 and 2009, when many countries experienced widespread joblessness, business bankruptcies and homelessness.
While national and international leaders cannot prevent worldwide economic downturns, a coordinated response among them can mitigate some of the impact. But it’s hard to rally government resources to this cause without the ability to determine whether we are actually in a recession or not.
So how do we know when the world is in a recession and such a response is needed? Continue reading