Rik Hafer is a distinguished research professor in the Department of Economics and Finance at Southern Illinois University Edwardsville and a scholar at the Show-Me Institute.
Paying professors less, increasing online courses and raising class size might make the bill cheaper, but the value of the degree will be less, as well. It's not that there are no solutions, but the easy ones create their own problems.
What is the affect of a debt-to-GDP ratio higher than 90 percent? A new study corrects some spreadsheet coding errors and includes more countries. It finds that the affect is not, as previously stated, negative economic growth. Rather it is very small growth.
We are nearing the release date (April 26) for our first glimpse at first-quarter GDP, the measure of goods and services produced in the economy, adjusted for inflation. The mounting evidence indicates that it will not be as quick as previously thought.
Potential output growth is the average or trend rate of growth at which the economy expands when its productive resources — labor, capital and technology — are employed most efficiently. Losing experienced labor, through new retirees who place demands on social services, hurts that potential.
While the sequestration is a clumsy tool to achieve fiscal stability, it represents an opportunity to make government more cost-effective and to reduce the expansion of government.
One study showed that job applicants with "White" sounding names got more calls in response to job applications, but another followed children in southern California and found little evidence that “Black” first names had lasting, negative impacts on later life outcomes. Surnames, however, may mark social class, which can change over time.
Will the most recent lowering of its bond rating be sufficient to get Illinois dysfunction legislature to act? Even California has done what it was necessary to bring its budget into balance. Springfield lawmakers, instead, are offering more debt.
Researchers have found that the Social Security Administration bases its projections on life-expectance projections that short change Americans. This good new on longevity is bad news for those counting on a set amount to supplement their retirement.
Beginning in the 1960s government promised voters more services than they were willing to fund. Democrats enacted an expanded program of income redistribution. Republicans at first resisted, but then became the party of more spending and lower taxes.
Closing loopholes in the tax code is a reasonable way to broaden the tax base and make the tax code fairer. This deduction should not be untouchable, as it is unfair and doesn't really promote general home ownership.
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Meeting in St. Louis next week, the Leadership Conference of Women Religious will have its first opportunity as an assembled group to consider what to do after the Vatican issued a mandate for change this spring. It calls on the conference to reorganize and more strictly observe church teachings.
When a family of four goes to the St. Louis Zoo, they can be forgiven for not knowing it will cost them $60, $72 if they park. If they can't pay, the alternative is to tell the kids they can't do what kids do at the zoo.
Missouri House Speaker Steve Tilley gave reporters less than a half-hour’s notice today when he announced that conservative commentator Rush Limbaugh’s sculptured bust will be formally installed in the Capitol at 1 p.m.
Developers on the south side come in all shapes and sizes, with ambitions that vary from single buildings to entire city blocks. In the first of a two-part story, Jason Deem talks about building community.
Author M.M. Costantin, who has lived near the Loop for more than 40 years, compiled a photo book that shows Delmar when it was bustling, when it was dangerous and when it came back to life.
They arrived four years ago as fifth-graders, behind in their work and not used to rigorous classes, but they've advanced rapidly and have a strong academic grounding for high school.
The Beacon's Mary Delach Leonard and Rob Koenig extensively covered flooding in 2011 in Missouri. Now this coverage is compiled in an iBook. Read the stories.
Organizers aren't trying to replace the rib fest, but music lovers will be able to find tangy sustenance as they listen to such greats as Mavis Staples (pictured), Big George Brock, Trombone Shorty, Kim Massie and Marquise Knox take the stage.
Isley, a world-class guitarist as well as a gifted songwriter, communicates and connects swith an audience on an intimate level at "An Evening of Music and Discussion." He is hosting the event on Thursday in O'Fallon, Mo.
Like many artists, dancer Antonio Douthit hears a different drummer. But the drumbeat that changed his life at 16 wasn’t in his head. It wafted from a window on Washington Avenue. Douthit comes home for a May 25 performance in "Spring to Dance."
Donna Korando is the Beacon's arts and features editor. You can contact her at dkorando@stlbeacon.org.
Developers on the south side come in all shapes and sizes, with ambitions that vary from single buildings to entire city blocks. In the first of a two-part story, Jason Deem talks about building community.
Speaking to reporters at Monsanto, Howard Buffett warned that future generations would foot the bill for irresponsible soil use. He urged leaders to address thorny issues such as malnutrition and environmental destruction.
Twenty winners will split a million dollars and a wide array of professional services after this year's Arch Grants competition. Victors will also see one-on-one business mentoring in their prize package. The diverse group includes everything from biotech concerns to fashion enterprises.
Innovation and entrepreneurial activity are on the rise in St. Louis, especially in bioscience, technology and alternative energy. The Beacon's InnovationSTL section focuses on the people who are part of this wave, what they're doing and how this is shaping our future. To many St. Louisans, this wave is not yet visible. InnovationSTL aims to change that. We welcome you to share your knowledge, learn more about this vibrant trend and discuss its impact.
The Academy of Science-St. Louis hosts tours of EarthDance, an organic farm, and the Monsanto Agronomics and Breeding Facility May 21-22. The workshop is meant to prompt discussion and answer questions about these two competing philosophies of food production.
Speaking to reporters at Monsanto, Howard Buffett warned that future generations would foot the bill for irresponsible soil use. He urged leaders to address thorny issues such as malnutrition and environmental destruction.
Vernon Bowman's challenge to Monsanto Co.'s patent on its Roundup Ready soybean seeds was billed as a David vs. Goliath contest. Goliath won and won big. The Supreme Court ruled unanimously that an Indiana soybean farmer had violated Monsanto's patent on its genetically engineered soybean seeds.
Sally Altman is the Beacon's Health and Science editor. You can contact her at saltman@stlbeacon.org.
You have to know your audience: McDonald's regulars don't need free-range chicken or a certain breed of beef; a second-chance high school needs personally motivated students as opposed to people ordered to attend and low-income Democrats by and large don't want a cigarette tax.
Last week, Grandmaster Hikaru Nakamura sacrificed his crown as the King of America. He faced an individual decision to play against the best in the nation or the best on the planet. Find out what happened at that world-level tournament.
Our world sees rapid change in many ways -- how we view women, races, sexual minorities and other populations, for instance. While a daily delivery of new and different can be exhausting, it can force us to reflect and consider how to move forward, often incrementally, toward what is good and what bring value to our lives.
Donna Korando is the Beacon's Voices editor. You can contact her and submit opinion pieces for possible publication at dkorando@stlbeacon.org.