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Government Executive: “Just weeks after the announcement of President Trump’s management agenda, three agency leaders have put together the first roadmap for implementation of the White House’s workforce goals. In a quarterly report released last week, the Office of Personnel Management, the Defense Department and the Office of Management and Budget described some aspects of …
IRS electronic filing systems working again after agency’s Tax Day technology meltdown – “The Internal Revenue Service’s system for accepting online tax returns is working again after being inoperational for much of the day Tuesday [April 17, 2018]. IRS officials promised that people hampered by the technology failures would not be penalized for late returns, but …
The Impact of Artificial Intelligence on Innovation, Iain M. Cockburn, Rebecca Henderson, Scott Stern, NBER Working Paper No. 24449. Issued in March 2018. “Artificial intelligence may greatly increase the efficiency of the existing economy. But it may have an even larger impact by serving as a new general-purpose “method of invention” that can reshape the …
Why New York City Stopped Building Subways – Nearly 80 years ago, a construction standstill derailed the subway’s progress, leading to its present crisis. This is the story, decade by decade. “In the first decades of the 20th century, New York City experienced an unprecedented infrastructure boom. Iconic bridges, opulent railway terminals, and much of …
Summary – “Section 710 of the Financial Services and General Government Appropriations Act, 2017 (section 710) prohibits an agency from obligating an amount in excess of $5,000 to furnish, redecorate, purchase furniture for, or make improvements for the office of a presidential appointee during the period of appointment without prior notification to the appropriations committees …
Center for Data Innovation – “The Financial Times (paywall) has created a collection of data visualizations showing that 89 percent of women in the United Kingdom work at companies with a pay gap favoring men. The newspaper analyzed data from firms with more than 250 employees, which were required to submit data comparing men and …
A new study says older people want the same things from a job as millennials: A good boss and a chance to change the world – “Older workers are more likely to look for work where they can have a positive impact, new data shows. The study also found that regardless of age, workers want a …
Surveys of Consumers – chief economist, Richard Curtin – Preliminary Results for April 2018 – “Consumer sentiment slipped in early April, largely reversing the gains recorded in the prior two months. The small decline was widely shared by all age and income subgroups and across all regions of the country. Importantly, confidence still remains relatively …
Federal Times: “Federal employees on average see a 31.86 percent difference between their paychecks and those doing the same work in the private sector, according to an April 10, 2018, report submitted to the Federal Salary Council by its Locality Pay Working Group. The working group calculates the pay gap between federal employees and their …
New York Fed – Liberty Street Economics: “The Tax Cuts and Jobs Act of 2017 (TCJA) introduces significant changes to the federal income tax code for individuals and businesses. Several provisions of the new tax law are particularly significant for the owner‑occupied housing market. In this blog post, we compare the federal tax liability and …
Assessment Methodology for Economic Analysis GAO-18-151SP: Published: Apr 10, 2018. Publicly Released: Apr 10, 2018. “GAO identifies five key methodological elements to the baseline structure of an economic analysis: Objective and scope, Methodology, Analysis of effects, Transparency and Documentation. GAO’s assessment methodology evaluates each key element and provides an overall assessment based on the assessment …
Editorial – From Misfortune to Mortality – Sudden Loss of Wealth and Increased Risk of Death. Alan M. Garber, MD, PhD. JAMA. 2018;319(13):1327-1328. doi:10.1001/jama.2018.3418. [First page preview is free] Original Investigation – Negative Wealth Shock and All-Cause Mortality. Lindsay R. Pool, PhD; Sarah A. Burgard, PhD; Belinda L. Needham, PhD; Michael R. Elliott, PhD; Kenneth …
