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Category Archives: Economy

Doing Business 2015

Doing Business 2015: Going Beyond Efficiency, a World Bank Group flagship publication, is the 12th in a series of annual reports measuring the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulations and the protection of property rights that can be compared across 189 economies—from Afghanistan to Zimbabwe—and over time. Doing Business measures regulations affecting 11 areas of the life of a business. Ten of these areas are included in this year’s ranking on the ease of doing business: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts and resolving insolvency.Doing Business also measures labor market regulation, which is not included in this year’s ranking. Data in Doing Business 2015 are current as of June 1, 2014. The indicators are used to analyze economic outcomes and identify what reforms of business regulation have worked, where and why. This year’s report introduces a notable expansion of several indicator sets and a change in the calculation of rankings.”

 

OIG’s List of Major Management Challenges for the CFPB

Major Management Challenges for the Consumer Financial Protection Bureau, September 2014 Management Challenge 1: Improving the Operational Efficiency of Supervision Management Challenge 2: Building and Sustaining a High-Performing Workforce Management Challenge 3: Implementing New Management Operations

What Drives U.S. Gasoline Prices?

EIA, October 30, 2014: “U.S. oil production has grown rapidly in recent years. U.S. Energy Information Administration (EIA) data, which reflect combined production of crude oil and lease condensate, show a rise from 5.6 million barrels per day (bbl/d) in 2011 to 7.4 million bbl/d in 2013. EIA’s Short-Term Energy Outlook (STEO) projects continuing rapidContinue Reading

Dynamics of Economic Well-Being 2009-2012

Survey of Income and Program Participation: Dynamics of Economic Well-Being 2009-2012 Detailed Tables Release Number: CB14-TPS.82: “This table package traces a sample of U.S. residents and examines how many of them were poor during at least some portion of the four-year period as well as how long their poverty spells lasted. It also looks at how manyContinue Reading

5.5 Million Americans Considering Renouncing US Citizenship

Forbes: “73% of Americans abroad are tempted to give up their U.S. passports, reveals a new survey by deVere Group, an independent financial advisory organization. There are an estimated 7.6 million Americans living overseas. At 73%, that’s approximately 5,548,000 Americans weighing handing in U.S. passports. If all those considering renouncing followed through, it would be theContinue Reading

Federal Reserve issues FOMC statement – October 2014

“Information received since the Federal Open Market Committee met in September suggests that economic activity is expanding at a moderate pace. Labor market conditions improved somewhat further, with solid job gains and a lower unemployment rate. On balance, a range of labor market indicators suggests that underutilization of labor resources is gradually diminishing. Household spendingContinue Reading

Governors’ Salaries 2014

“The Council of State Governments has been collecting data on governors’ salaries for The Book of the States since 1937. The average governor’s salary has grown more slowly in recent years than in the past, with a number of states cutting their chief executive’s pay during and after the Great Recession. Governors’ salaries in 2014 rangeContinue Reading

Fisheries of the United States 2013

“In its annual report, Fisheries of the United States 2013, released today, NOAA Fisheries announced that U.S. fishermen landed 9.9 billion pounds of fish and shellfish, an increase of 245 million pounds from 2012. Valued at $5.5 billion, these landings represent an increase of $388 million from 2012. “Commercial and recreational fishing are important contributorsContinue Reading

Business R&D Performance in the United States Tops $300 Billion in 2012

National Science Foundation – Raymond M. Wolfe: “Companies spent $302 billion on research and development performed in the United States during 2012, 2.8% more than the $294 billion spent during 2011 (table 1). Funding from the companies’ own sources was $239 billion during 2011 and $247 billion during 2012, a 3.6% increase; funding from other sources wasContinue Reading

Pew Report Finds Military Checking Account Practices Need Improvement

Checks and Balances, Stars and Stripes, Banking practices at financial institutions serving the military, October 28, 2014 “Service members, like all consumers, need access to concise, easy-to-understand documents that lay out the key terms, conditions, and fees associated with their checking accounts. Clarity and transparency are especially important for Americans and their families serving in the military,Continue Reading

Combating a Flood of Early 401(k) Withdrawals – NYT

New York Times | Your Money – By Ron Lieber: “This week, the Internal Revenue Service announced that people under age 50 in 401(k) and similar workplace retirement plans will be able to deposit up to $18,000 in 2015, an increase of $500 from this year. Those 50 and over can toss in as much asContinue Reading

New food label targets limiting massive amount of food waste

Washington Post – Landfills are overflowing with food. Here’s a gelatin label that could limit the waste: “The next time you start to toss an “expired” carton of milk, consider this: Dates on packages don’t actually have anything to do with food safety or FDA regulations. Instead, the dates are a somewhat arbitrary indication of whenContinue Reading