A 16th-century proverb advises: “It’s unwise to sell a bear’s skin before catching it.”
That’s one of the stories used to explain why, in modern times, Wall Street types call someone who sells a stock expecting its price to drop a “bear.” It follows that a market in which securities or commodities are persistently declining in value is known as a “bear market,” like the one U.S. stocks are experiencing now.
For nearly three-quarters of a century, one issue in education has come up before the Supreme Court more than any other: disputes over religion.
Carson v. Makin, a case about Maine’s tuition assistance program for students in districts without high schools of their own, continues the pattern – with potential consequences for schools, families, and courts across the country.
On June 21, 2022, the court ruled that parents in rural districts lacking public high schools, but who receive state aid to send their children to private schools instead, can use that money for tuition at schools with faith-based curricula. In a 6-3 order, the court held that Maine’s requirement that tuition assistance payments be used at “nonsectarian” schools violated the free exercise clause of the First Amendment because parents could not send their children to the schools of their choice.
“I’m sorry.”
These are powerful words. Authentic apologies can work like a healing ointment on old wounds, dissolve bitter grudges, and repair damaged relationships. They encourage both parties to let go of toxic emotions like anger and guilt and provide a fresh foundation of mutual respect.
But authentic apologies involve much more than words expressing sorrow; they require accountability, remorse, and repentance.
Unprecedented forest fires in the drought-stricken western United States. Tropical storms and rising seas threatening the Gulf and Atlantic coasts. Sizzling heat across large swaths of the country. As climate change unfolds before our eyes, what can the U.S. do to sharply and rapidly reduce its share of the greenhouse gas emissions that are causing it?
The Biden administration has committed to reduce those emissions 50% by 2030 below 2005 levels. That’s a critical first step of a global energy transition that must achieve net-zero emissions by midcentury to limit warming to 1.5 degrees Celsius (2.7 F) and thereby avert the worst impacts of climate change.
Graduates of Virginia Military Institute (VMI) include some of the United States’ most illustrious leaders in government, business, education, and professional sports – Nobel Prize laureates and Pulitzer Prize winners among them. Founded in 1839 as the nation’s first state military college, VMI even trained a young Mel Brooks during World War II.
But VMI graduated the infamous, too – leaders who fought during the Civil War to preserve slavery and destroy the U.S. – men like Edward Edmonds, Confederate colonel of the 38th Virginia Infantry; John McCausland, a brigadier general who served under the “unrepentant rebel” Gen. Jubal Early; and Walter Taylor, aide-de-camp to Gen. Robert E. Lee and later a state senator and staunch defender of the Confederacy.
In Disney’s “Pinocchio,” Jiminy Cricket famously sings, “When you wish upon a star, makes no difference who you are. Anything your heart desires will come to you.”
But Jiminy Cricket got it wrong.
We’re often taught that we are free to dream – to imagine our future possibilities.
The Federal Reserve on June 15, 2022, lifted interest rates by 0.75 percentage point, the third hike this year and the largest since 1994. The move is aimed at countering the fastest pace of inflation in over 40 years.
Wall Street had been expecting a half-point increase, but the latest consumer prices report released on June 10 prompted the Fed to take a more drastic measure. The big risk, however, is that higher rates will push the economy into a recession, a fear aptly expressed by the recent plunge in the S&P 500 stock index, which is down over 20% from its peak in January, making it a “bear market.”
Almost all American adults – including parents, medical patients, and people who are sexually active – regularly exercise their right to privacy, even if they don’t know it.
Privacy is not specifically mentioned in the U.S. Constitution. But for half a century, the Supreme Court has recognized it as an outgrowth of protections for individual liberty. As I have studied in my research on constitutional privacy rights, this implied right to privacy is the source of many of the nation’s most cherished, contentious, and commonly used rights – including the right to have an abortion.
As people age, their immune systems naturally begin to decline. This aging of the immune system, called immunosenescence, may be an important part of such age-related health problems as cancer and cardiovascular disease, as well as older people’s less effective response to vaccines.
But not all immune systems age at the same rate. In our recently published study, my colleagues and I found that social stress is associated with signs of accelerated immune system aging.
State government continues to take more money from Alabamians than ever before. Will it use that money to continue the historic expansion of state government or finally take less taxes from citizens?
As first reported by Alabama Daily News, 2022 is on pace to be another banner year for state government. Through the end of May, state revenues totaled nearly $1.4 billion more than they did at this point last year. The state has already collected almost $8.7 billion in gross revenue. With four months remaining in the fiscal year, that revenue surplus will likely grow.
