Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

Category Archives: Economy

Consumer Expenditures – 2013

“Average expenditures per consumer unit (1) in 2013 were $51,100, little changed from 2012 levels, the U.S. Bureau of Labor Statistics reported today. In 2013 spending decreased 0.7 percent during the same period that the Consumer Price Index (CPI-U) increased 1.5 percent. In 2012 spending had increased 3.5 percent, outpacing the increase in prices. In 2013 average income perContinue Reading

New GAO Reports – Land Reclamation, Clinical Trails, Contract Management, DHS, Export-Import Bank, Military Training

BUREAU OF RECLAMATION: Availability of Information on Repayment of Water Project Construction Costs Could Be Better Promoted, GAO-14-764: Published: Sep 8, 2014. Publicly Released: Sep 9, 2014. CLINICAL TRIALS: Little is Known about Participation by Supplemental Security Income Recipients, GAO-14-734R: Published: Sep 9, 2014. Publicly Released: Sep 9, 2014. CONTRACT MANAGEMENT: DOD’s Implementation of Justifications for 8(a) Sole-Source Contracts, GAO-14-721R: Published: Sep 9, 2014.Continue Reading

Assets and Liabilities of Commercial Banks in the United States

Board of Governors of the Federal Reserve, Assets and Liabilities of Commercial Banks in the United States – H.8, Release Date: September 5, 2014.

CBO’s Projection of Federal Interest Payments

“Federal debt held by the public will reach about $12.8 trillion by the end of this fiscal year, an amount that equals 74 percent of the nation’s total output (gross domestic product, or GDP) this year. If current laws generally remained unchanged—the assumption that underlies CBO’s baseline projections—CBO projects that such debt would climb toContinue Reading

Follow the Money: Compensation, Risk, and the Financial Crisis

Larcker, David F. and Ormazabal, Gaizka and Tayan, Brian and Taylor, Daniel J., Follow the Money: Compensation, Risk, and the Financial Crisis (September 8, 2014). Rock Center for Corporate Governance at Stanford University Closer Look Series: Topics, Issues and Controversies in Corporate Governance No. CGRP-43. Available for download at SSRN: “This Closer Look illustrates theContinue Reading

Student Loan Update: A First Look at the 2013 Survey of Consumer Finances

“Earlier this year, Beth Akers and Matthew Chingos released a report aimed at injecting some much-needed evidence into what has become an often-hysterical public debate about student loan debt. Their report, “Is a Student Loan Crisis on the Horizon?” used data from the Survey of Consumer Finances (SCF) administered by the Federal Reserve Board to track how theContinue Reading

NY Fed Finds Consumers Expect Lower Home Price Growth but Improved Credit Availability

“The Federal Reserve Bank of New York today released results from its August 2014 Survey of Consumer Expectations (SCE), which provides insight into Americans’ views on inflation, prices, the labor market and household finance. The median home price change expectation at the one-year ahead horizon in August was 3.5 percent, its lowest reading since the dataContinue Reading

Monthly Budget Review for August 2014

“The federal government ran a budget deficit of $589 billion for the first 11 months of fiscal year 2014, the Congressional Budget Office (CBO) estimates—$166 billion less than the shortfall recorded over the same period last year. Through the end of August, revenues were about 8 percent higher and outlays were about 1 percent higherContinue Reading

Foreign Powers Buy Influence At Think Tanks: Financing of Research Often Isn’t Disclosed

Eric Lipton, Brooke Williams and Nicholas Confessore, New York Times: “The arrangements involve Washington’s most influential think tanks, including the Brookings Institution, the Center for Strategic and International Studies, and the Atlantic Council. Each is a major recipient of overseas funds, producing policy papers, hosting forums and organizing private briefings for senior United States governmentContinue Reading

Employers increasingly substitute bonuses for pay raises

Ken Abosch and Iwan Barankay, Wharton@Knowledge: “Expecting a salary raise this year? You could end up with a bonus check instead. More and more companies are moving toward giving performance-based bonuses instead of handing out pay raises unrelated to results achieved on the job. The trend is a key finding of the “2014 Salary IncreaseContinue Reading

Does Immigration Impact Economic Freedom?

Clark, Jeff R. and Lawson, Robert A. and Nowrasteh, Alex and Powell, Benjamin W. and Murphy, Ryan H, Does Immigration Impact Economic Freedom? (August 18, 2014). Available for download at SSRN: “The economics literature generally finds a positive, but small, gain in income to native-born populations from immigrants and potentially large gains in world incomes.Continue Reading

Reforming U.S. Dollar LIBOR: The Path Forward – Speech

Governor Jerome H. Powell At the Money Marketeers of New York University, New York, New York, September 4, 2014. “Thank you for giving me this opportunity to speak this evening. I would like to discuss ongoing efforts to reform the current structure and uses of the London Interbank Offered Rate, commonly referred to as LIBOR. These reformsContinue Reading