Dispatch from the Front: The Week of November 3

By November 3, 2008Economy, General

Election Day is Tuesday, November 4th, 2008, Anno Domini.

The House is dark this week, reconvening newly constituted on January 3, 2009. The Senate convenes at 10 a.m. this morning and again Thursday for the pro forma sessions designed to prevent recess appointments by President Bush. Will this custom live on in 2009?

No committee hearings.

Judicial Branch: At 10 a.m. this morning, the U.S. Supreme Court hears oral arguments in Wyeth v. Levine, one of the major business-related cases this term. At issue is “preemption,” in this case, whether pharmaceuticals should be subject to a single national regulatory regime in the FDA. See NAM’s Legal Beagle summary of the case and related Shopfloor.org posts.

Executive Branch: On Thursday, the Deputy U.S. Trade Rep Ambassador Veroneau delivers remarks at the Council of the Americas program, “Energizing a Renewed TransPacific Partnership.” Also Thursday, Commerce Secretary Gutierrez speaks at the Woodrow Wilson Center for Scholars on economy, freedom and democracy. On Friday, Gutierrez travels to the University of Miami for remarks on the economy and the environment.

Economic Reports: The Institute for Supply Management’s manufacturing index for October is slated for release at 10 a.m. today. Two Bureau of Labor Statistics‘ reports this week: On Thursday, 3rd Quarter Productivity and Costs; on Friday, October employment figures. Election Day, November 4th, may have some effect on the economy as well.

Europe: From the EUObserver: “EU leaders will hold an extraordinary meeting on Friday. Summoned by the French president, Nicolas Sarkozy, who chairs the bloc’s rotating presidency, the heads of state and government are to formulate a common position ahead of the G20 summit scheduled a week later in Washington to address the financial crisis and its effects on the world economy.”

Speaking of the election, check back at NAM.org and the blog, Shopfloor.org for reaction and analysis to the election results.

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