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Category Archives: Financial System

Kiplinger – 3 States to Avoid in Retirement

Kiplinger report – “We ranked all 50 states on cost of living, taxes, health care and other factors important to retirees. Here are the three states that fared the worst. Finishing dead last is New York. Living expenses in the Empire State are 29% above the national average. More worrisome: The percentage of residents 65… Continue Reading

Special Inspector General for Afghanistan Reconstruction – Corruption in Conflict

Special Inspector General for Afghanistan Reconstruction Corruption in Conflict – Lessons From the U.S. Experience in Afghanistan, September 2016 – “Corruption in Conflict—the first in a series of lessons learned reports by SIGAR—examines how the U.S. government understood the risks of corruption in Afghanistan, how the U.S. response to corruption evolved, and the effectiveness of… Continue Reading

Pew – The State of American Jobs

“Tectonic changes are reshaping U.S. workplaces as the economy moves deeper into the knowledge-focused age. These changes are affecting the very nature of jobs by rewarding social, communications and analytical skills. They are prodding many workers to think about lifetime commitments to retraining and upgrading their skills. And they may be prompting a society-wide reckoning… Continue Reading

Paper – The Returns to Knowledge Hierarchies

The Returns to Knowledge Hierarchies [subscription req’d] Journal of Law, Economics, and Organization”> J Law Econ Organ(2016) doi:10.1093/jleo/eww008 “Hierarchies allow individuals to leverage their knowledge through others’ time. This mechanism increases productivity and amplifies the impact of skill heterogeneity on earnings inequality. This article analyzes the earnings and organization of US lawyers and uses an… Continue Reading

Paper – Earnings Inequality and Coordination Costs: Evidence from U.S. Law Firms

Earnings Inequality and Coordination Costs: Evidence from U.S. Law Firms – Thomas Hubbard, professor of strategy at the Kellogg School and Professor Luis Garicano of the London School of Economics. February 2016. “Earnings inequality has increased substantially since the 1970s. Using evidence from confidential Census data on U.S. law offices on lawyers’ organization and earnings,… Continue Reading

NY Fed releases Economic Research Tracker App

“The Economic Research Tracker is designed to increase the visibility and accessibility of the Bank’s research. Aggregating posts from the Liberty Street Economics blog, this app features the insights and analysis of New York Fed economists in an easy-to-use interface that can be customized according to a user’s preferences. Users can search the full catalog… Continue Reading

Rutgers library announces new incentive to reduce textbook costs

This video report highlights the consistently increasing costs of text books in both print and e-format and the struggles of many students to to fund their purchase. Continue Reading

IMF World Economic Outlook October 2016

IMF World Economic Outlook (WEO), October 2016: Subdued Demand: Symptoms and Remedies “Global growth is projected to slow to 3.1 percent in 2016 before recovering to 3.4 percent in 2017. The forecast, revised down by 0.1 percentage point for 2016 and 2017 relative to April, reflects a more subdued outlook for advanced economies following the… Continue Reading

Monthly Budget Review for September 2016

CBO – “The federal government ran a budget deficit of $588 billion in fiscal year 2016, the Congressional Budget Office estimates—$149 billion greater than the shortfall recorded in fiscal year 2015. The 2016 deficit equaled an estimated 3.2 percent of gross domestic product (GDP), up from 2.5 percent of GDP in 2015. The increase in… Continue Reading

CBO – How Preferential Trade Agreements Affect the U.S. Economy

“Preferential trade agreements (PTAs) are treaties that remove barriers to trade and set rules for international commerce between two countries or among a small group of countries. PTAs directly affect a country’s economy by altering its flows of trade and investment. Primarily through trade, PTAs indirectly affect other aspects of a country’s economy—such as productivity,… Continue Reading

Court rules CFPB organizational structure is unconstitutional – Appeals Court Deals Setback to Consumer-Watchdog Agency. Federal three-judge panel rules CFPB’s structure is unconstitutional but rejects idea of shutting down agency. New York Times – Court Gives President More Power Over Consumer Agency Chief – An appeals court panel said the director of Consumer Financial Protection Bureau was too independent, so it gave the president the… Continue Reading

2016 Legal Education Data Deck: Key Trends on Access, Affordability, and Value

Center Staff, Access Group, 2016 Legal Education Data Deck: Key Trends on Access, Affordability, and Value (March 10, 2016). Access Group Center for Research & Policy Analysis Research Paper No. 16-01. Available at SSRN: or “On March 10, 2016, the Access Group Center for Research & Policy Analysis released the 2016 Legal Education Data Deck (the… Continue Reading