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Category Archives: Economy

Projected Costs of U.S. Nuclear Forces, 2015 to 2024

“Nuclear weapons have been a cornerstone of U.S. national security since they were developed during World War II. During the Cold War, nuclear forces were central to U.S. defense policy, resulting in the buildup of a large arsenal. Since that time, they have figured less prominently than conventional forces, and the United States has notContinue Reading

New GAO Reports – African Growth and Opportunity Act, Higher Education, Job Corps

African Growth and Opportunity Act: USAID Could Enhance Utilization by Working with More Countries to Develop Export Strategies, GAO-15-218: Published: Jan 22, 2015. Publicly Released: Jan 22, 2015. Higher Education: Education Should Strengthen Oversight of Schools and Accreditors [Reissued on January 22, 2015], GAO-15-59: Published: Dec 22, 2014. Publicly Released: Dec 22, 2014. Job Corps:Continue Reading

Most Commodity Prices Expected to Continue Declining in 2015

“This year may well see a rare occurrence for world commodity markets – a decline in all nine key commodity price indices, says the World Bank’s latest Commodity Markets Outlook, released today. While oil prices have seen the most dramatic decline, the third largest since World War II, other commodities have also been gradually weakeningContinue Reading

The National Taxpayer Advocate’s Annual Report to Congress

“The National Taxpayer Advocate’s (NTA) Annual Report to Congress creates a dialogue within the IRS and the highest levels of government to address taxpayers’ problems, protect taxpayers’ rights, and ease taxpayers’ burden. TAS is an independent organization within the IRS. The NTA delivers this report directly to the tax-writing committees in Congress (the House CommitteeContinue Reading

NAP’s Guide to Science Issues and the State of the Union

“The 2015 State of the Union address focused on topics such as 21st century skills, climate change, and cybersecurity. The National Academies Press provides resources directly related to these national issues. A selection has been highlighted below. We’ve posted the full transcript of the President’s speech, annotated with lists of our related materials. Read our completeContinue Reading

Worker’s expectations about losing and replacing their jobs: 35 years of change

BLS, January 2015:  “Workers were less secure about retaining their jobs in 2010 and 2012 than in 1977 and 1978; they also were less secure about the ease with which they would find a comparable job if they were separated. As might be expected, the two measures of job security track unemployment, although other factorsContinue Reading

Temporary Assistance for Needy Families: Spending and Policy Options

CBO Report – “Temporary Assistance for Needy Families (TANF) is a federal program that provides cash assistance, work support, and other services to some low-income families. The cash assistance is generally limited to families with income well below the poverty threshold and few assets; it goes to roughly 2 million families per month, most ofContinue Reading

Intellectual Property and Trust in the Age of Digital Media

Tonia Ries – Media Sources: Search Engines Now Most Trusted “The 2015 Edelman Trust Barometer reveals a new formula for building trust, one in which engagement carries a multiplier effect. Engagement and ongoing communication and dialogue with multiple stakeholders are both more critical than ever, but also more difficult to execute well. Today’s reality isContinue Reading

International banking statistics at end-September 2014

“The Bank for International Settlements (BIS) today released international banking statistics at end-September 2014. International banking activity continued to expand in the third quarter of 2014. The $493 billion quarterly expansion in global cross-border claims boosted the annual growth rate to about 5% at end-September 2014 from 1% at end-June 2014. The increase in cross-borderContinue Reading

New Working Papers – Bank for International Settlement

Working Papers: Global dollar credit: links to US monetary policy and leverage Secular stagnation, debt overhang and other rationales for sluggish growth, six years on Credit booms: implications for the public and the private sector Trilemmas and trade-offs: living with financial globalisation Understanding the role of debt in the financial system

Does income inequality hurt economic growth?

Focus on Inequality and Growth – OECD – December 2014. Directorate for Employment, Labour and Social Affairs. “Widespread increases in income inequality have raised concerns about their potential impact on our societies and economies. New OECD research shows that when income inequality rises, economic growth falls. One reason is that poorer members of society areContinue Reading

The Financial Risk from Global Warming

Covington, Howard and Thamotheram, Raj, The Case for Forceful Stewardship (Part 1): The Financial Risk from Global Warming (January 19, 2015). Available for download at SSRN: http://ssrn.com/abstract=2551478 “If it reaches 4° or more, global warming may cause severe economic damage with the consequence that a significant portion of the value of a diversified equity investmentContinue Reading