The employment report came in much as the ADP report had suggested it would. Payroll employment was little changed at 54,000. This is considerably weaker than over the last few months and is in line with other data that suggest the economy has weakened significantly. The household survey reported that employment rose by 105,000 while […]

The stock market is adjusting to weaker 2011 economic and earnings growth. Business executives,analysts and economists have yet to reduce their 2011 estimates, So the important question is how much of the lowergrowth is already discounted. The consensus had been fordouble digit earnings gains in 2011. But now it appears thatearnings growth will be less […]

by Beverly Mann New wrinkles in the ACA litigation – Part II Okay, well, now y’all know from reading Part I that under the Constitution’s Article III requirement that plaintiffs in lawsuits have some “particularized” (and ya know what that means, from reading Part I) injury or be in imminent danger of suffering one, and […]

by Beverly Mann New wrinkles in the ACA litigation – Part I On May 23, the three-judge federal Fourth Circuit appellate panel that two weeks ago heard oral argument in the two cases in Virginia challenging the constitutionality of the ACA issued an order asking the parties to brief the question of whether a federal […]