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Category Archives: Economy

Citizens Against Government Waste Releases 2018 Pig Book Detailing Government Waste

“The Congressional Pig Book is CAGW’s annual compilation of the pork-barrel projects in the federal budget. A “pork” project is a line-item in an appropriations bill that designates tax dollars for a specific purpose in circumvention of established budgetary procedures. To qualify as pork, a project must meet one of seven criteria that were developed in 1991 by CAGW and the Congressional Porkbusters Coalition….It should come as no surprise that the dam burst on earmarks in fiscal year (FY) 2018. Congress had set the stage for a significant increase in every category of spending when the Bipartisan Budget Act (BBA) of 2018 was approved on February 8, 2018. This legislation obliterated the spending caps set in the 2011 Budget Control Act (BCA) and increased spending by $143 billion, or 13.4 percent, in FY 2018 compared to FY 2017…”

Features: Summary | 2018 Database
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Pork Hall of Shame

CRS – Private Activity Bonds: An Introduction

EveryCRSReport.com – Private Activity Bonds: An Introduction June 9, 2006 – July 13, 2018 “The federal tax code classifies state and local bonds as either governmental bonds or private activity bonds. Governmental bonds are intended for governmental projects, and private activity bonds are for projects that primarily benefit private entities. Typically, the interest earned by… Continue Reading

American Democracy in Crisis: The Challenges of Voter Knowledge, Participation, and Polarization

American Democracy in Crisis: The Challenges of Voter Knowledge, Participation, and Polarization – PPRI – Alex Vandermaas-Peeler, Daniel Cox, PhD, Molly Fisch-Friedman, Rob Griffin, PhD, Robert P. Jones, PhD, 07.17.2018 State of the Country – The Direction of the Country – “Despite a strong economy, Americans remain relatively pessimistic in their outlook on the direction… Continue Reading

IMF – The Global Expansion: Still Strong but Less Even, More Fragile, Under Threat

IMF: “Amid rising tensions over international trade, the broad global expansion that began roughly two years ago has plateaued and become less balanced. In our latest World Economic Outlook Update, we continue to project global growth rates of just about 3.9 percent for both this year and next, but judge that the risk of worse… Continue Reading

‘AI To Create More Legal Jobs Than Losses’ – Landmark PwC Report

Artificial Lawyer: “AI will create more jobs than it displaces by boosting economic growth, and in particular more legal jobs will be created than lost in the long run, says a major report by Big Four firm, PwC. The study was focused on the UK, which is a useful standard model to compare to other large,… Continue Reading

Bloomberg – Jeff Bezos is now the Richest Man in Modern History

Bloomberg News – “Jeff Bezos is the richest person in modern history. The Amazon.com Inc. founder’s net worth cracked $150 billion in New York on Monday, according to the Bloomberg Billionaires Index. That’s about $55 billion more than Microsoft Corp. co-founder Bill Gates, the world’s second-richest person. Bezos, 54, also has topped Gates in inflation-adjusted… Continue Reading

The Violent Consequences of Trade-Induced Worker Displacement in Mexico

The Violent Consequences of Trade-Induced Worker Displacement in Mexico. Melissa Dell, Benjamin Feigenberg, Kensuke Teshima. Harvard University and NBER, University of Illinois at Chicago, ITAM. May 2018. “Mexican manufacturing job loss induced by competition with China increases cocaine trafficking and violence, particularly in municipalities with transnational criminal organizations. When it becomes more lucrative to traffic… Continue Reading

USTR Releases Product Exclusion Process for Chinese Products Subject to Section 301 Tariffs

USTR news release: “The Office of the U.S. Trade Representative (USTR) today announced a process to obtain product exclusions from the additional tariffs in effect on certain products imported from China under the U.S. response to China’s unfair trade practices related to the forced transfer of U.S. technology and intellectual property. Today, additional tariffs of… Continue Reading

China Internet Report 2018

“China has twice as many internet users as the total population of the United States — and it’s growing fast. This unique collaboration between Abacus, 500 Startups, the South China Morning Post, will break down everything you need to know about China’s thriving tech industry, the big players in each field, and lay out the… Continue Reading

The Book of Hope

Rockefeller Institute of Government – Nancy Zimpher: “Working together, good people are changing the world. In his new book Reclaiming the American Dream: Proven Solutions for Creating Economic Opportunity for All,[1] Ben Hecht spotlights efforts that are successfully addressing some of the country’s most pressing issues: meaningful employment, economic empowerment, impactful civic involvement, education that… Continue Reading

HHS Report – Economic Opportunity and the Opioid Crisis: Geographic and Economic Trends

“This study examines relationships between indicators of economic opportunity and the prevalence of prescription opioids and substance use in the United States. We have three primary findings: The prevalence of drug overdose deaths and opioid prescriptions has risen unevenly across the county, with rural areas more heavily impacted. Specific geographic areas, such as Appalachia, parts… Continue Reading

June 2018 ranks third warmest on record for U.S.

NOAA – Nation hit with 6 billion-dollar disasters so far this year “We’re halfway through 2018 and the U.S. has already experienced six billion-dollar weather disasters. These include four severe storms and two winter storms that were responsible for 36 deaths combined and caused significant and costly damage. The average June temperature across the contiguous U.S. was… Continue Reading