Federal regulatory spending continues to increase, says new study

Despite efforts to freeze non-security discretionary spending, the budgets of federal regulatory agencies are increasing in both 2011 and 2012. The estimated cost of running regulatory agencies in fiscal year 2011 is $54.9 billion, a 5.7 percent increase over 2010 spending, according to a new study from the Weidenbaum Center on the Economy, Government and Public Policy at Washington University in St. Louis.

Jeryl Hayes: Outstanding Graduate in the School of Law

Jeryl Hayes, Outstanding Graduate in the School of Law, learned at an early age to speak up for her gender, and now she intends to devote her legal career to women’s issues. “Jeryl is passionate, quick, kind, organized, diligent and wholly committed to engagement with issues of power and privilege,” says Laura Rosenbury, JD, professor of law and associate dean for research and faculty development.

The birther issue: A Constitutional look

President Barack Obama released his birth certificate on April 27, but “birther” arguments continue. Election and constitutional law expert Gregory Magarian, JD, professor of law at Washington University in St. Louis, says that Obama clearly meets the constitutional qualifications to hold his office. Magarian discusses various situations where “natural born citizen” (as required by Art. II, sec., 1 cl. 4 of the Constitution) may come into question during a presidential election.

Learning the legislative process

Steven Perlberg, a sophomore in Arts & Sciences, and other students from the “Just Do It! Turning Your Passion into Policy” class at Washington University answer questions from John Hancock, former head of the Missouri Republican Party in the St. Louis County Council Chambers in Clayton, Mo., May 2. The students offered mock testimony on a range of issues from puppy mills to local control of the city police force to a group of civic leaders posing as a committee of the Missouri Senate.

A new tool to design executive compensation packages

A trio of Olin Business School researchers — Radhakrishnan Gopalan, PhD, assistant professor of finance; Todd Milbourn, PhD, the Hubert C. and Dorothy R. Moog Professor of Finance; and Anjan Thakor, PhD, the John E. Simon Professor of Finance — says companies have not previously had the proper tools for determining how to pay executives and have developed a formula that businesses can use to align the duration, or payout, of an executive’s compensation with the strategic needs of the company.

‘Chained COLA’ is the stealth Social Security benefit cut

Social Security’s yearly cost-of living adjustments (COLA) are targeted for reduction through a proposed “chained COLA” formula, and that could be a huge problem for those dependent on Social Security income. “COLA is an invaluable feature of Social Security,” says Merton C. Bernstein, LLB, a nationally recognized expert on Social Security. According to Bernstein, Republican “reformers” propose to reduce COLA claiming that the current method of calculating it overstates inflation. “This unrealistically assumes that people have the opportunity to buy lower priced substitutes when millions of people lack access to markets that offer such choices,” he says.

Anyone for tennis?

Tennis legend and women’s rights activist Billie Jean King (center) chats with WUSTL women’s tennis team members April 21 in the Knight Center. King was on campus, along with Ilana Kloss, former professional tennis player and CEO of World Team Tennis, to address students in the Olin Business School course on sports management.

Bernanke fails to address key issues, WUSTL economist says

Despite all the “irrational exuberance” April 26 surrounding the first-ever news conference conducted by a Federal Reserve bank chair, the issues that Chairman Ben Bernanke chose to dance around were equally unsurprising as those he managed to address, says Michele Boldrin, PhD, the chair of the Department of Economics in Arts & Sciences at Washington University in St. Louis.

Goldberg to address exchange rates for CRES lecture

Pinelopi Goldberg, PhD, the William K. Lanman, Jr. Professor of Economics at Yale University, will address “Exchange Rates & Prices: A Micro Approach” for the Distinguished Women in Economics & Strategy lecture series at 4 p.m. Wednesday, May 4, in Simon Hall, Room 103. The lecture, which is free and open to the public, is sponsored by WUSTL’s Center for Research in Economics & Strategy.

Running away with a win

Ken Harrington (second from right), managing director of the Skandalaris Center for Entrepreneurial Studies, jokes with members of team Edele, which was awarded $10,000 from the center and the $5,000 student prize during the annual YouthBridge Social Entrepreneurship and Innovation Competition April 14 in Simon Hall’s May Auditorium. Edele means “opportunity” in Amharic and is a social enterprise selling running apparel with the proceeds funding organizations addressing malnutrition in developing nations.
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