Category «Economy»

Ten years after Lehman’s collapse, these ten risks could cause the next crisis

Quartz: “On Sept. 15, 2008, a credit crunch turned into a full-blown crisis when New York-based investment bank Lehman Brothers collapsed. The global recession that followed is still too fresh in many people’s memories to be considered history. But 10 years on, the state of the financial system suggests that the crisis has been relegated …

Subjects: Economy, Financial System, Government Documents, Knowledge Management, Legal Research

Secretary Zinke and the Great Public Lands Wholesale

Interior Secretary Ryan Zinke will offer up nearly 4 million acres of public lands for lease this year, much of it for dirt cheap “The United States is now likely the world’s largest oil producer. Even so, the Trump administration continues its sprint to lease the nation’s public lands to energy companies. From September through …

Subjects: Economy, Energy, Environmental Law, Government Documents, Legal Research

Testimony – Transparency at CBO: An Update

Testimony on Transparency at CBO: An Update | Congressional Budget Office – Keith Hall, Director Before the Committee on the Budget United States Senate September 13, 2018. “…Transparency can mean many different things, so letme begin by highlighting CBO’s three goals in being transparent: First, we aim to enhance the credibility of our work by …

Subjects: Congress, Economy, Financial System, Freedom of Information, Government Documents, Knowledge Management

Income, Poverty and Health Insurance Coverage in the United States: 2017

“The U.S. Census Bureau announced today that real median household income increased by 1.8 percent between 2016 and 2017, while the official poverty rate decreased 0.4 percentage points. At the same time, the number of people without health insurance coverage and the uninsured rate were not statistically different from 2016. Median household income in the …

Subjects: Economy, Government Documents, Health Care, Poverty

GAO delivers more bad news for Washington DC Metro

Washington Metropolitan Area Transit Authority: Assessing Fiscal Risks and Improving Workforce Management Would Help Achieve Strategic Goals, GAO-18-643: Published: Sep 10, 2018. Publicly Released: Sep 10, 2018: “In recent years, Washington, D.C.’s Metro transit system has had serious safety problems and has lost revenue during lengthy maintenance. These conditions put pressure on Metro to effectively …

Subjects: Economy, Government Documents, Transportation

CBO – Federal budget deficit was $895 billion for the first 11 months of fiscal year 2018

Monthly Budget Review for August 2018: “The federal budget deficit was $895 billion for the first 11 months of fiscal year 2018, the Congressional Budget Office estimates, $222 billion more than the shortfall recorded during the same period last year. Revenues were 1 percent higher than in the same period in fiscal year 2017, but …

Subjects: Economy, Financial System, Government Documents

The State of Food Security and Nutrition in the World 2018

11 September 2018, Rome – “New evidence continues to signal that the number of hungry people in the world is growing, reaching 821 million in 2017 or one in every nine people, according to The State of Food Security and Nutrition in the World 2018 released today. Limited progress is also being made in addressing the multiple …

Subjects: Economy, Financial System, Food and Nutrition, Government Documents, Poverty

Securities Regulation and Initial Coin Offerings: A Legal Primer

CRS Report – Securities Regulation and Initial Coin Offerings: A Legal Primer. August 31, 2018 R45301 “Initial coin offerings (ICOs)—a method of raising capital in exchange for digital coins or tokens that entitle their holders to certain rights—are a hot topic among legislators, regulators, and financial market professionals. In response to a surge in the …

Subjects: Economy, Financial System, Legal Research, Securities Law

American middle class is stable in size, but losing ground financially to upper-income families

Pew: “About half (52%) of American adults lived in middle-class households in 2016. This is virtually unchanged from the 51% who were middle class in 2011. But while the size of the nation’s middle class remained relatively stable, financial gains for middle-income Americans during this period were modest compared with those of higher-income households, causing …

Subjects: Economy, Financial System

What It Actually Costs to Live in America’s Most Expensive Cities

“With unemployment at over a decade low, wages at all-time highs, and poverty on the decline, the U.S. economy is flourishing — or so it would seem. For Americans struggling financially it can be difficult to feel encouraged by such optimistic reports. It is a common complaint among ordinary Americans and economists alike: economic measures …

Subjects: Economy, Education, Food and Nutrition, Health Care, Housing