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Category Archives: Financial System

CBO’s Long-Term Projections of Labor Force Participation

“In preparing the economic forecast underlying its forthcoming report on the budget and economic outlook, CBO updated its projections of labor force participation. In this blog post, we explain those updates and compare them with the agency’s previous projections and with those of the Social Security Trustees. The full economic forecast will be described in… Continue Reading

OECD – Tackling Wasteful Spending on Health

“Following a brief pause after the economic crisis, health expenditure is rising again in most OECD countries. Yet, a considerable part of this health expenditure makes little or no contribution to improving people’s health. In some cases, it even results in worse health outcomes. Countries could potentially spend significantly less on health care with no… Continue Reading

Oxfam – Just 8 Men Own Same Wealth as Half the World

News release: “Eight men own the same wealth as the 3.6 billion people who make up the poorest half of humanity, according to a new report published by Oxfam today ahead of the annual meeting of political and business leaders in Davos, Switzerland:  Oxfam’s report, “An economy for the 99 percent,” shows that the gap… Continue Reading

Report – Fostering The Advancement of the Internet of Things

Department of Commerce Internet Policy Task Force & Digital Economy Leadership Team report, Fostering the Advancement of the Internet of Things, January 2017. “The Internet of Things (IoT) – in which connected devices are proliferating at an unprecedented rate–is a technological development that is transforming the way we live and do business. IoT continues the… Continue Reading

The Inclusive Growth and Development Report 2017

World Economic Forum, The Inclusive Growth and Development Report 2017, Published Monday 16 January 2017: “Around the world, no bigger policy challenge preoccupies leaders than expanding social participation in the process and benefits of economic growth. The report, which covers 109 economies, seeks to improve our understanding of how countries can use a diverse spectrum… Continue Reading

2017 Report on the State of the Legal Market: Stagnation, Innovation & What Lies Ahead

The “2017 Report on the State of the Legal Market”: Stagnation, Innovation & What Lies Ahead January 12, 2017. “Law firms must find ways to effectively adapt to evolving competitive conditions — including the effective demise of the billable hour — or risk further erosion of their market positions. At the same time, the changing… Continue Reading

GAO – National Park Service reported $11.9 billion in deferred maintenance

National Park Service: Process Exists for Prioritizing Asset Maintenance Decisions, but Evaluation Could Improve Efforts, GAO-17-136: Published: Dec 13, 2016. Publicly Released: Jan 12, 2017. At the end of fiscal year 2015, the National Park Service reported $11.9 billion in deferred maintenance—that is, the estimated costs of asset maintenance or repairs that the agency has… Continue Reading

Paper – Trump, Brexit, and Rise of Populism: Economic Have-Nots and Cultural Backlash

Trump, Brexit, and the Rise of Populism: Economic Have-Nots and Cultural Backlash. Inglehart, Ronald, and Pippa Norris. “Trump, Brexit, and the Rise of Populism: Economic Have-Nots and Cultural Backlash.” HKS Faculty Research Working Paper Series RWP16-026, August 2016. “Rising support for populist parties has disrupted the politics of many Western societies. What explains this phenomenon?… Continue Reading

CBO Monthly Budget Review for December 2016

“The federal budget deficit was $207 billion for the first three months of fiscal year 2017, the Congressional Budget Office estimates—$8 billion less than the shortfall recorded during the same period last year. But that result was affected by shifts in the timing of certain payments that otherwise would have been due on a weekend… Continue Reading

Trends in Spending by the Department of Defense for Operation and Maintenance

“The Department of Defense’s (DoD’s) budget consists of appropriations for the following purposes: compensating military personnel; developing and purchasing weapons; building bases, facilities, and housing; and supporting day-to-day operations. The largest single appropriation category in DoD’s base budget is the operation and maintenance (O&M) account, which funds day-to-day operations ranging from health care to equipment maintenance.… Continue Reading

MSPB – Preventing Nepotism in the Federal Civil Service

Preventing Nepotism in the Federal Civil Service – A Report to the President and the Congress of the United States by the Merit Systems Protection Board June 2016. “…As explained in this report, new political appointees whose backgrounds do not include prior public service may be unfamiliar with the rules for the civil service, including… Continue Reading

Paper – The Foreign Emoluments Clause: Article I, Section 9, Clause

Tillman, Seth Barrett and Teachout, Zephyr, The Foreign Emoluments Clause: Article I, Section 9, Clause 8 (August 8, 2016). Zephyr Teachout & Seth Barrett Tillman, The Foreign Emoluments Clause: Article I, Section 9, Clause 8, in The Interactive Constitution (National Constitution Center 2016); Fordham Law Legal Studies Research Paper No. 2820288. Available for download at… Continue Reading