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Category Archives: Economy

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

Census Bureau Releases Industry Series Report on Accommodation

“The U.S. Census Bureau today released additional national-level data from the 2012 Economic Census Industry Series reports for the accommodation and food services sector of the economy. This release includes new statistics on the nation’s 63,896 accommodation businesses (NAICS 721), which reported sales of $195.4 billion and employed nearly 2.0 million people in 2012. Other highlights:Continue Reading

Regional Economic Outlook: Middle East and Central Asia

IMF – Regional Economic Outlook: Middle East and Central Asia, October 2014. “Despite setbacks, an uneven global economic recovery continues. Largely due to weaker-than-expected global activity in the first half of 2014, the growth forecast for the world economy has been revised downward to 3.3 percent this year, 0.4 percentage point lower than in theContinue Reading

UK: State of the Nation 2014: Social Mobility and Child Poverty in Great Britain

“This is our last State of the Nation report prior to the 2015 UK General Election. As such it presents a verdict on the past and provides a window into the future. Our central conclusion is that the next Government will have to adopt radical new approaches if poverty is to be beaten, mobility improvedContinue Reading

Decoding Stock Market Behavior with the Topological Quantum Computer

Racorean, Ovidiu Sorin, Decoding Stock Market Behavior with the Topological Quantum Computer (June 25, 2014). Available for download at SSRN: http://ssrn.com/abstract=2514779 “A surprising image of the stock market arises if the price time series of all Dow Jones Industrial Average stock components are represented in one chart at once. The chart evolves into a braidContinue Reading

European Central Bank’s in-depth review shows banks need to take further action

News release: “The European Central Bank (ECB) has today published the results of a thorough year-long examination of the resilience and positions of the 130 largest banks in the euro area as of 31 December 2013…Key results of comprehensive assessment of 130 largest euro area banks: Capital shortfall of €25 billion detected at 25 participantContinue Reading

Customer Choice and the Power Industry of the Future

Customer Choice and the Power Industry of the Future. Richard J. Campbell Specialist in Energy Policy September 22, 2014 “Some observers argue that new technologies are leading to a distributed generation (DG) future for customers, supported by utility base load generation and infrastructure. Various states and jurisdictions have begun initiatives to look at what aContinue Reading

Signaling Status: The Impact of Relative Income on Household Consumption and Financial Decisions

Finance and Economics Discussion Series- Divisions of Research & Statistics and Monetary Affairs. Federal Reserve Board, Washington, D.C. Signaling Status: The Impact of Relative Income on Household Consumption and Financial Decisions. Jesse Bricker, Rodney Ramcharan, and Jacob Krimmel. 2014-76. “This paper investigates the importance of status in household consumption and financial decisions using household data from the Survey of Consumer FinancesContinue Reading

The Impact of Missed Payments and Foreclosures on Credit Scores

Demyanyk, Yuliya S., The Impact of Missed Payments and Foreclosures on Credit Scores (October 24, 2014). FRB of Cleveland Working Paper No. 14-23. Available for download at SSRN: http://ssrn.com/abstract=2514370 “This paper debunks the common perception that “foreclosure will ruin your credit score.” Using individual-level data from a credit bureau matched with loan-level mortgage data, it isContinue Reading

H.R.5490 – Wall Street Accountability through Sustainable Funding Act

Summary: H.R.5490 — 113th Congress (2013-2014) All Bill Information (Except Text). There is one summary for this bill. Bill summaries are authored by CRS. Shown Here: Introduced in House (09/16/2014) Wall Street Accountability Through Sustainable Funding Act – Amends the Commodity Exchange Act to require the Commodity Futures Trading Commission (CFTC) to impose fees to recover the costContinue Reading

CJEU and the Social Market Economy Goal of the EU

Šmejkal, Václav, CJEU and the Social Market Economy Goal of the EU (October 22, 2014). Charles University in Prague Faculty of Law Research Paper No. 2014/I/1. Available for download at SSRN: http://ssrn.com/abstract=2513377 “From the entry into force of the Lisbon Treaty the EU has among its constitutional objectives the goal of achieving a highly competitiveContinue Reading