Janet Yellen took office as Chair of the Board of Governors of the Federal Reserve System on February 3, 2014. She and her Nobel Prize-winning husband, wrote a paper on the fair wage-effort hypothesis, in that workers proportionately withdraw effort as their actual wage falls short of their fair wage. Such behavior causes unemployment and is also consistent with observed cross-section wage differentials and unemployment patterns. more »
Monuments Men (and Women): National Gallery of Art's The Inside Story, Smithsonian's On the Frontline to Save Europe's Art
"These men — and women — worked to protect Europe's cultural heritage at the height of World War II, ensuring its safety in the aftermath and returning works, when possible, to their rightful owners once peace and security were restored." Edith Standen dug up an antique bronze cannon with her own bare hands. ""It had been taken from the Musée de l'Armée. It went back to the Musée de l'Armée." David Finley in his office at the National Gallery of Art. Finley was director of the Gallery from 1938-1956, and vice chairman of the Roberts Commission. National Gallery of Art,… more »
A House Foreign Affairs Hearing: "Lessons Learned from Super Bowl Preparations: Preventing International Human Trafficking at Major Sporting Events"
S. 1922 —- Senator David Vitter, having announced his entry into the 2015 Louisisana Governor's race, has introduced bill to prevent the illegal trafficking of supplemental nutrition assistance program benefits by requiring all program beneficiaries to show valid photo identification when purchasing items with program benefits. On Tuesday, the House passed H.R.7, The No Taxpayer Funding for Abortion Act. more »
California, which is home to more assisted living facilities than any other state, currently maintains one of the loosest regulatory regimes in the country, with minimal fines (as little as $150 in cases of fatal neglect or abuse) and infrequent inspections (required once every five years). state rules have been broadened to allow people with "virtually any medical condition" to reside in assisted living facilities, yet the division of the department that monitors those operations "has no staff with medical expertise." more »