Previous SMW:
SMW for 18 January 2024



AT THE CLOSING BELL ON 18 January 2024


Dow Jones 37,468.61 +201.94 (0.54%)
S&P 500 4,780.94 +41.73 (0.88%)
Nasdaq 15,055.65 +200.03 (1.35%)

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

Quote for the Day:

The plain fact is that the executive branch was meant to operate in a goldfish bowl, to be accountable to the legislature. This is one of the presuppositions of democratic government, perceived from the outset. The alternative to a "goldfish bowl" cannot be uncontrolled executive discretion to withhold from Congress for, as the past twenty years teach, that conduces to a mushrooming cloud of concealment. Dress it as decorously as you will, in the last analysis executive discretion to determine what Congress shall see empowers the executive branch to determine how far it needs to be investigated. "If men were angels" then we could safely lodge that power in the subject of investigation.

Raoul Berger. Executive Privilege: A Constitutional Myth. Harvard University Press. © 1974.