Lucas wins Nobel for economics shift at Chicago
Nobel winner Robert E. Lucas Jr of the University of Chicago reframed how governments run economies by challenging Keynesian fine tuning. He argues rational expectations show people anticipate policy moves, undermining Phillips curve hopes and stagflation relief. The prize underscores Chicago’s dominance in economic theory and policy impact.
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Robert E. Lucas Jr
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Washington prepares for Million Man March turnout
Washington officials brace for a potential half million men descending on the Mall for the Million Man March. They expect 11,000 to 12,000 buses and plan traffic, metro, and hotel accommodations accordingly while organizers urge a day of absence and minimal spending.
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Martin Luther King Jr
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Has the Court lost its appeal
A Washington Post survey finds public recognition of Supreme Court justices is low. Only 1 percent could name John Paul Stevens or Stephen Breyer, while Sandra Day O’Connor tops at 31 percent. The piece notes Stevens’s seniority, Rehnquist’s leadership, and Scalia’s fame despite press avoidance.
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Georgia
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O'Connor
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