A University of Chicago professor whose research integrating psychology into economics has had broad influence on public policy has been awarded the Nobel Memorial Prize in economics, the Royal Swedish Academy of Sciences said Monday.
Richard H. Thaler, 72, is one of the leading scholars in the field of behavioral economics, which draws on psychological insights to understand the often irrational financial and economic choices made by individuals and institutions.
“He’s made economics more human," the Nobel committee said in announcing the prize, the last of the Nobel awards this year.
When President Trump withdrew deportation protection for people who illegally came to the United States as children, he tasked Congress with crafting an immigration plan to overhaul the system.
A blueprint deal he reached with Democrats emphasized protecting the so-called Dreamers while beefing up border security to prevent others from entering the country illegally. Over the weekend, the White House unveiled much tougher terms, including funding for a border wall and new limits on legal immigration.
Because of the deep divides over immigration, passage of reform will be difficult.
Rarely has the president taken such personal credit for the federal relief effort -- typically he has boasted of his administration, or referred specifically to the agencies at work in Puerto Rico, such as the Federal Emergency Managment Agency.
The administration has been widely criticized for a slow and then inadequate response since the U.S. territory was devastated on Sept. 20 by a Category 4 storm that left 95% of the island's residents without electricity and nearly half without running water.
The Trump administration revealed a set of sweeping immigration demands Sunday night — including the building of a wall on the southern border and major changes to the legal immigration system — as tradeoffs for legislation to protect the so-called Dreamers.
The White House proposals would curb the ability of family members to join their relatives from abroad, upending decades of immigration policy, and put strict new limits on asylum claims.
Democrats quickly denounced the proposals, saying they did not come close to what President Trump and congressional Democratic leaders had discussed last month when they struck a tentative deal for legislation to protect the Dreamers, young people who arrived in the U.S. illegally when they were children.
Vice President Mike Pence has left the 49ers-Colts game after about a dozen San Francisco players took a knee.
The former Indiana governor flew in so he could watch Peyton Manning's jersey retirement ceremony on Sunday. Manning will become the first Indianapolis-era player in Colts history to have his number retired and will also be inducted into the team's Ring of Honor.
President Trump launched a Twitter broadside on Sunday morning against a respected senior Republican senator, who fired back by saying that the White House had become an “adult day care center.”
The stunning exchange-by-tweet captured the disruption that Trump has brought to the Republican Party he now heads, and put his agenda further at risk in a Senate where Republicans have just a two-vote margin of control.
Sen. Bob Corker of Tennessee last week had praised several of Trump's senior advisers for their sober-minded style and declared that they were helping to stave off “chaos,” making clear in follow-up comments that the chaos was the work of the president.
The Trump administration is brushing off fresh criticism from the mayor of San Juan over the federal government’s recovery effort in hurricane-battered Puerto Rico.
William “Brock” Long, the head of the Federal Emergency Management Agency, on Sunday dismissed the latest pleas for urgent assistance from the mayor, Carmen Yulin Cruz, as “political noise.”
“We filtered out the mayor a long time ago,” Long said on ABC’s “This Week” when asked about a pair of early morning tweets from Cruz, in which she said she had unsuccessfully sought help from FEMA after the power failed at a major hospital.
Power collapses in San Juan hospital with 2 patients being transferred out. Have requested support from @FEMA_Brock. NOTHING! @POTUS
President Trump took a swipe at Harvey Weinstein on Saturday evening, saying he was “not at all surprised” by revelations that the Hollywood movie mogul has repeatedly paid to settle charges of sexual harassment.
The timing of Trump’s remarks to White House reporters, in an exchange as he left for a Republican fundraiser in North Carolina, was notable: They came on the anniversary of the preelection release of the infamous “Access Hollywood” tape from 2005, in which he bragged in vulgar terms about assaulting women by grabbing them by the genitals.
Trump shrugged off a question about the timing of his Weinstein remarks: “That’s locker room talk,” he said, according to a press pool report, echoing the defense he made at the time to multiple women's allegations that he had harassed them sexually.
President Trump on Saturday sent new tweets hinting at military action against North Korea, keeping alive tensions with the isolated nation and distancing himself further from his top aides who favor diplomacy.
"Only one thing will work" in dealing with nuclear-armed North Korea, the president wrote -- without further clarification.
"Presidents and their administrations have been talking to North Korea for 25 years, agreements made and massive amounts of money paid," he said. It was not clear what money he was talking about.
With Republican having failed to repeal the Affordable Care Act, at least for now, President Trump on Saturday confirmed he'd once again opened the door to a deal with Democrats. They remain wary, at best.
“I called Chuck Schumer yesterday to see if the Dems want to do a great HealthCare Bill,” Trump tweeted on Saturday morning, speaking of the Senate Democratic leader and fellow New Yorker. “ObamaCare is badly broken, big premiums. Who knows!”
The president's message, just before he headed for his Virginia golf club, reflected his continued frustration with his own party’s failures to keep its seven-year-old vow to repeal President Obama's signature domestic achievement. He has flirted with the idea of a deal with Democrats before, only to return to Republicans' position that the law has to be scrapped.