This philosophy that some historians have called right related liberalism. The idea that liberalism was primarily devoted to the protection of individual rights. As a result, the Supreme Court became an important mechanism for this. One problem, which is that if you are going to govern, you have to be able to appoint Supreme Court justices. This becomes an increasingly fraught prospect for liberals. So the backdrop. Lbj. After 1964 with the Civil Rights Act, 1965 with the Voting Rights act, he has a sense that the Supreme Court will be significant. Unlike with kennedy, there are no openings on the court. Johnson essentially creates one. The first one comes in 1965. It is a custom which dates back to the wilson administration. There was one jewish member on the court. The jewish member on the court in the early 1960s was arthur goldberg. He had been appointed by jfk. Johnson however wants to appoint this man, his longtime lawyer and fairly close personal friend and advisor, abe fortas.
The idea that it was a particular job of the Supreme Court to stand up on behalf of people who may not have majority support. Whether it was atheists or Civil Rights Activist or criminal defendants throughout the 1960s. Second was the emergence of this philosophy that some historians have called right related liberalism. The idea that liberalism was protected individual rights. As a result, the Supreme Court became an important mechanism for this. One problem, which is that if you are going to govern, you have to be able to appoint Supreme Court justices. This becomes an increasingly fraught prospect for liberals. Lyndon b. Johnson, after 1964 with the Civil Rights Act, 1965 with the Voting Rights act, he has a sense that the Supreme Court will be significant. Unlike with kennedy, there are no openings on the court. Johnson essentially creates one. He first comes in 1965. It is a custom which dates back to the wilson administration. There was one jewish member on the court. The jewish
We are also watching currency, the dollar has been the big story this week. The euro as well as its counterpart. We are taking a pause from the rally after the ecb, but if we see a gain today, that would take that streak for the longest in 16 years of nine days straight. So far it is flat. Flirting withlar . 70 for the first time this year. The dollar weakening across the board with the exception of the yen. Dollaryen, and offshore hovering. We are watching the bond markets as well. The mliv question is, the yields we are seeing, will they disrupt the equity rally . The u. S. 10 year after the u. S. Jobless numbers that fell again, treasuries ing the worst brent slipping after they did extend cuts after a breakthrough with iraq. Tom the European Central bank did put its money where its mouth is, announcing a bigger than expected increase in emergency bond buying, responding to what it calls the unprecedented contraction in the euro area economy. Kathleen hays has the story. What is dri
See the jobs report, francine. I see all sorts of numbers modeled. 6 rate be looking at the u. I do not see any forecast of where that statistic is going, but it harkens back to an american job economy of 1933. Francine we will have a big look on whether we will go back to those depression years. Lets get to first word news in london with leighann gerrans. Francine, andd, tom, as you were saying, todays jobs report expects to see the u. S. Unemployment rate surge to almost 20 last month after reaching the highest level since the Great Depression in april. The may report is likely to show the jobs slump has extended into whitecollar positions. By 7. 5s publicly shrank million positions. The jobs report comes out at 8 30 new york time. In buffalo, new york, two Police Officers have been suspended after a video of them pushing an elderly protester to the ground went viral. The video shows the 75yearold lying motionless with blood pooling around his head. Been hospitalized in serious condi