Media: forms, functions, and contemporary applications
The existence of a pro-business, pro-government bias led to ineffectual journalistic coverage of U.S. unemployment during the period leading up to the 2008-2009 recession. In what has come to be known as the Great Recession because of its comparability to the Great Depression, the U.S. unemployment rate reached historic highs. The magnitude of the recession was such that economists and policy-makers should have been better prepared to manage the looming crisis, but instead were caught unawares because they relied on self-serving forecasts that minimized unemployment forecasts. The news media was complicit in its minimalist coverage of the unrealistic projections that the Bush White House and administration served up. This paper explores reasons the news media rarely challenged the consistently inaccurate unemployment forecasting, projections that should have informed policy decisions and warned the country that the U.S. was entering one of the worst employment crises in its history.
Economic perspectives on the death penalty in religious contexts
In 1972, The U.S. Supreme Court ruled in the case of Furman v. Georgia that the death penalty, as applied in three capital cases in the state of Georgia was "cruel and unusual punishment and in violation of the Eighth and Fourteenth Amendments. (Hastings and Johnson, 2001, paraphrased) A mere four years later the state of Georgia was once against before the Supreme Court in the case of Gregg v. Georgia, a case in which the decision handed down by the court found that the death penalty was in fact constitutional. (Hastings and Johnson, 2001, paraphrased) The objective of this study is to examine the practice of the death penalty from an economic perspective. Towards this end, this study will examine the literature in this area of study. According to a recent report there are several states considering abolition of the death penalty including the states of Colorado, Kansas, New Mexico, and New Hampshire, all of which have "shifted the debate about capital punishment, at least in part, from morality to cost." (The Economist, 2009, p.1)