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Category Archives: Economy

GAO: Summary of Performance and Financial Information Fiscal Year 2016

GAO: Summary of Performance and Financial Information Fiscal Year 2016 – Budget, Performance, and Financial Snapshot 2016. “In fiscal year 2016, we documented $63.4 billion in financial benefits for the government—a return of about $112 for every dollar invested in us. Key examples of our work that contributed to these benefits included (1) reducing improper payments in the Medicare Advantage Program (about $21.4 billion), (2) increasing the use of strategic sourcing by the Department of Veterans Affairs (VA) to reduce procurement costs (about $3.6 billion), and (3) improving cost estimatesf or the Department of Defense’s (DOD) Bulk Fuel Operation and Maintenance budget (about $2.3 billion)…”

Politico – Trump signs sweeping order that could gut Obamacare

Politico, 1/20/17: “A few hours after taking the oath of office, President Donald Trump signed a sweeping executive order that encourages federal agencies to dismantle large parts of Obamacare, possibly including the hugely unpopular mandate requiring most Americans to purchase insurance. While only Congress can repeal the law, the nine-paragraph order effectively tells the federal… Continue Reading

Mobility Report Cards: The Role of Colleges in Intergenerational Mobility

Mobility Report Cards: The Role of Colleges in Intergenerational Mobility. Raj Chetty, Stanford University and NBER; John N. Friedman, Brown University and NBER; Emmanuel Saez, UC-Berkeley and NBER; Nicholas Turner, US Treasury; Danny Yagan, UC-Berkeley and NBER. January 2017. “We characterize rates of intergenerational income mobility at each college in the United States using administrative… Continue Reading

A Comparison between the College Scorecard and Mobility Report Cards

Via Treasury – By: Adam Looney 1/19/2017 – “In 2015, the Department of Education launched the College Scorecard, a vast database of student outcomes at specific colleges and universities developed from a variety of administrative data sources. The Scorecard provides the most comprehensive and accurate information available on the post-enrollment outcomes of students, like whether… Continue Reading

Paper – Regulating Information

Bird, Andrew and Karolyi, Stephen A. and Ruchti, Thomas G., Regulating Information (October 18, 2016). Available for download at SSRN: “The SEC regulates and standardizes information production in financial markets through financial reporting standards. With a novel dataset exploiting institutional features of the standard setting process. On average, standards increase aggregate market value by… Continue Reading

Pew – Public Sees Wealthy People, Corporations Gaining Influence in Trump Era

“As President-elect Donald Trump prepares to take office, the public has starkly different expectations about which groups in society will gain influence – and those that will lose influence – under his administration. Nearly two-thirds of Americans (64%) say wealthy people will gain influence in Washington when Trump takes office. Just 8% say they will… Continue Reading

Beige Book Summary of Commentary on Current Economic Conditions By Federal Reserve District January 2017

Overall Economic Activity – “Reports from the twelve Federal Reserve Districts indicated that the economy continued to expand at a modest pace across most regions from late November through the end of the year. Manufacturers in most Districts reported increased sales with several citing a turnaround versus earlier in 2016. Growth in the energy industry… Continue Reading

First-Ever Online Data Tool Allows City Leaders to Examine Health of Their Urban Populations

Pilot City Health Dashboard Launched by NYU School of Medicine’s Department of Population Health, NYU Wagner, the National Resource Network & the Robert Wood Johnson Foundation “Over 80 percent of the United States population lives in urban areas. Yet city leaders seeking to make health improvements have lacked a standardized tool to understand and benchmark… Continue Reading

Comparison of Medicare Provisions in Recent Bills and Proposals to Repeal and Replace Affordable Care Act

Kaiser Family Foundation: “Repealing and replacing the Affordable Care Act (ACA) is a top priority of the Trump Administration and the Republican leadership, and is a prominent issue on the agenda of the 115th Congress. The ACA includes many provisions affecting the Medicare program, and lawmakers have taken different approaches to the ACA’s Medicare provisions.… Continue Reading

Impending extinction crisis of the world’s primates: Why primates matter

Impending extinction crisis of the world’s primates: Why primates matter. Science Advances 18 Jan 2017: Vol. 3, no. 1, e1600946 DOI: 10.1126/sciadv.1600946. “Nonhuman primates, our closest biological relatives, play important roles in the livelihoods, cultures, and religions of many societies and offer unique insights into human evolution, biology, behavior, and the threat of emerging diseases.… Continue Reading

The Online Atlas of Urban Expansion

“The Atlas of Urban Expansion, an open-source online resource with maps, satellite images, and data on spatial changes in cities around the world, has been revised and updated. The new database is a partnership of the Lincoln Institute of Land Policy, UN-Habitat, and New York University, The Atlas of Urban Expansion now features a global… Continue Reading

GAO Report to Congress – Nation’s Fiscal Health

The Nation’s Fiscal Health: Action is Needed to Address the Federal Government’s Fiscal Future, GAO-17-237SP: Published: Jan 17, 2017. Publicly Released: Jan 17, 2017: “The federal government is on an unsustainable fiscal path. Federal spending continues to outpace revenue—by $587 billion in 2016—and, absent policy changes, the structural gap between revenues and spending puts the… Continue Reading