Thursday, April 10, 2014

Economics article summery
 1.) http://money.cnn.com/2014/04/09/news/economy/executive-pay-europe/index.html?iid=SF_E_LN
   Europe's 10,000 publicly listed companies to hold binding votes, and to say how employee and executive pay compares. There is a big gap between the ceos and the workers leading many to worry that growing income inequality could hurt economic growth. They are trying to raise minimum wag.The EU has already capped bonuses for bankers earning more than 500,000 euros a year so the maximum pay is now equal to annual salary or twice salary if a majority of shareholders approve.

2.) http://money.cnn.com/2014/04/04/investing/march-jobs-report/index.html
the unemployment rate remained at 6.7% in March but the job gains came entirely from the private sector. So the job crisis is still here although 192,000 jobs were added. There are still about 10.5 million Americans who are unemployed. They say that unemployment rates are getting better and that may be true but not by much. According to the article we still have a good ways to go before we are back to a healthy pre-recession labor market.

Monday, March 24, 2014

          Marbury v. Madison 1803
What the case was about: William Marbury was an intended recipient of an appointment as justice of the peace but it was not delivered before the expiration of Adams’s term as president. He applied directly to the Supreme Court of the United States for a writ of mandamus to compel Jefferson’s Secretary of State, James Madison, to deliver the commissions.

What the Supreme Court Decided: Marbury has a right to the commission, the law grants Marbury a remedy, the Supreme Court has the authority to review acts of Congress and determine whether they are unconstitutional and therefore void, Congress cannot expand the scope of the Supreme Court’s original jurisdiction beyond what is specified in Article III of the Constitution, the Supreme Court does not have original jurisdiction to issue writs of mandamus.

My oppinon: I don't think this was fair at all William Marbury was intended to be justice of the peace but the letter wasn't delivered in time evn though it was written well beforehand. The letter had already been signed and sealed.