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Category Archives: Economy

Public Sees an America in Decline on Many Fronts

Looking to the Future, Public Sees an America in Decline on Many Fronts – Majorities predict a weaker economy, a growing income divide, a degraded environment and a broken political system

“When Americans peer 30 years into the future, they see a country in decline economically, politically and on the world stage. While a narrow majority of the public (56%) say they are at least somewhat optimistic about America’s future, hope gives way to doubt when the focus turns to specific issues. A new Pew Research Center survey focused on what Americans think the United States will be like in 2050 finds that majorities of Americans foresee a country with a burgeoning national debt, a wider gap between the rich and the poor and a workforce threatened by automation. Majorities predict that the economy will be weaker, health care will be less affordable, the condition of the environment will be worse and older Americans will have a harder time making ends meet than they do now. Also predicted: a terrorist attack as bad as or worse than 9/11 sometime over the next 30 years.

These grim predictions mirror, in part, the public’s sour mood about the current state of the country. The share of Americans who are dissatisfied with the way things are going in the country – seven-in-ten in January of 2019 – is higher now than at any time in the past year…”

OECD survey of 21 counties – many people unhappy with public services and benefits

“Many people in OECD countries believe public services and social benefits are inadequate and hard to reach. More than half say they do not receive their fair share of benefits given the taxes they pay, and two-thirds believe others get more than they deserve. Nearly three out of four people say they want their government… Continue Reading

Brookings – Robots kill jobs. But they create jobs, too.

“Much of the current discussion on automation is of the “robots-killing-jobs” variety. This alarmism is unsurprising. After all, most research to this point has focused on the introduction of robots into manufacturing, or on computer algorithms that automate routine tasks. These are changes that have replaced, and will continue to replace, jobs that many workers,… Continue Reading

Survey finds extensive evidence of sexual assault and bias against female economists

“The American Economic Association is today releasing results from a survey of current and former members about the professional climate in economics, conducted under the auspices of the AEA’s recently created standing Committee on Equity, Diversity, and Professional Conduct (CEDPC). For the Committee’s summary report of the survey results, see here. As the deadline for… Continue Reading

Paper – Rethinking the Efficiency of the Common Law

Sokol, D. Daniel, Rethinking the Efficiency of the Common Law (February 3, 2019). Notre Dame Law Review, forthcoming 2020; University of Florida Levin College of Law Research Paper No. 19-14. Available at SSRN: https://ssrn.com/abstract=3328025 or http://dx.doi.org/10.2139/ssrn.3328025 “This Article shows how Posner and other scholars who claimed that common law was efficient misunderstood the structure of… Continue Reading

FINRA National Financial Capability Study

FINRA Investor Education Foundation: – “A significant part of financial capability is the ability to make ends meet through adequate savings. Having resources for immediate medical needs is also an important component. In the U.S., 18% of individuals reported that over the past year, their household spent more than their income (not including the purchase… Continue Reading

FTC Releases 2018 Privacy and Data Security Update

“The Federal Trade Commission, the nation’s primary privacy and data security enforcer, released its annual report highlighting its privacy and data security work for 2018. The FTC’s privacy and security enforcement actions in 2018 included shutting down revenge porn website MyEx.com, approving a settlement with peer-to-peer payment service Venmo over deceptive privacy settings, approving an… Continue Reading

Animal activist pivots to focus on creating and marketing meat alternative food products

The New York Times: “Bruce Friedrich used to be the guy who broke into fashion shows to splatter fake blood on the models wearing fur coats…These days, he is hoping capitalism might work where activism and persuasion fell short. The organization Mr. Friedrich founded in 2015, the Good Food Institute, is at the center of… Continue Reading

OECD – Fast Forward to Gender Equality

Mainstreaming, Implementation and Leadership – “This report maps strategies, governance tools, institutional settings and innovative approaches used by governments across the OECD to drive and support society-wide gender equality goals. It covers all state institutions, including legislatures and judiciaries, and discusses the challenges faced by OECD countries in achieving long-lasting impact. Finally, the report provides… Continue Reading

Trump’s Proposed Budget Would Devastate National Parks

Outside: A close reading of the President’s 2020 Department of the Interior budget reveals massive funding cuts for everything public-lands related—except for oil and gas “To understand any budget, all you need to see are the numbers. And when you look at the Trump administration’s 2020 budget proposal for the Department of the Interior, those numbers… Continue Reading

White Collar Prosecutions Hit All-Time Low in January 2019

“The latest available data from the Justice Department show that during January 2019 the government reported 337 new white collar crime prosecutions – an historic low. According to the case-by-case information analyzed by the Transactional Records Access Clearinghouse (TRAC) at Syracuse University, this number is down 20.3 percent over the previous month, and continues a… Continue Reading

MarineTraffic is the world’s leading provider of ship tracking and maritime intelligence

MarineTraffic: “Monitoring vessel movements is at the core of what we do. Building on a base of data gathered from our network of coastal AIS-receiving stations, supplemented by satellite receivers, we apply algorithms and integrate complementary data sources to provide the shipping, trade and logistics industries with actionable insights into shipping activity. With our main… Continue Reading