The inability of the federal government to avert the “sequester” — automatic and across-the-board spending cuts of $85 billion that came into effect last Friday — will seriously affect the state of ongoing and future research at Stanford, according to University administrators.
Efforts by Stanford Law School’s Steyer-Taylor Center for Energy Policy and Finance to prompt congressional action that would lower the cost of renewable energy projects… Continue Reading »
Four years after then-Senator Barack Obama rode an unprecedented wave of enthusiasm and optimism all the way to his election as the first African-American president of the United States, the Democratic incumbent succeeded in his re-election bid Tuesday night.
We have commended the Occupy Wall Street protesters for directing attention to imprudent financial sector risk-taking and economic inequality. But more than highlighting problems, we like protests that press for solutions. For this, we suggest the protesters add a new target: Capitol Hill. For one thing, while the financial firms that caused this crisis could certainly improve their risk-management practices, it is the government’s responsibility to reform the incentive system that failed so spectacularly. Obstinate lawmakers blocking reform, not those who work on Wall Street, are culpable for future threats to economic stability. Moreover, with millions of Americans looking for work in this recession, it is Congress, not Wall Street, refusing to enact sensible, politically moderate policies that would help address the nation’s most urgent problem.
Stanford has the second-most graduates in Congress, according to a list compiled by U.S. News & World Report. Eleven Cardinal alumni currently serve in the Senate and House of Representatives, five of whom were re-elected on Tuesday. Stanford places second only to Harvard, which dropped its representation to 13 members from 15 after the election.