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“The quality of engineering in the United States will only be as good as the quality of the engineers doing it. The recruitment and retention of talented young people into engineering therefore need to be top national priorities, given the crucial importance of engineering to our prosperity, security, health, and well-being. Only 4.4 percent of …
Fiscal Year 2015 Budget of the U.S. Government [previous fiscal year budgets are here]. The Budget of the U.S. Government and Appendix are currently available. Analytical Perspectives and Historical Tables will be available the week of March 10th. See also 2015 Budget Complete Coverage: WSJ’s Deep Dive
“Carbon Tracker responds to the US Department of State’s Final Supplemental Environmental Impact Statement (FSEIS) with our new research report KXL: The ‘significance’ trap. This report shows that the $8+ cost advantage KXL would bring over rail makes extra projects equivalent to the pipeline’s capacity break even. This market view confirms that KXL is significant for a …
“South Africa’s energy sector is critical to its economy, as the country relies heavily on its large-scale, energy-intensive coal mining industry. South Africa has limited proved reserves of oil and natural gas and uses its large coal deposits to meet most of its energy needs, particularly in the electricity sector. Most of the oil consumed …
News release: “More than three out of five noncitizens under age 35 have been in the U.S. for five years or more, with a majority coming before they were 18 years old, according to a new brief released today from the U.S. Census Bureau. Most of these immigrants — about 80 percent — were young …
“These statistics provide vacancy rates, homeownership rates and characteristics of units available for occupancy for the U.S., regions, states and the 75 largest metropolitan statistical areas. Data for all geographies are available both quarterly and annually. Homeownership rates are also tabulated by age of householder for the U.S. and regions and by race/ethnicity of householder …
“EconKids provides teachers, parents, and volunteers with ideas for using children’s literature to introduce economics to children. We review new books from leading publishers and makes selections for “Book of the Month” and “Top Five” categories. Unlike many of the existing websites on economics education, EconKids focuses on younger students in elementary school. Its user-friendly design can help to …
The War on Poverty: 50 Years Later – A House Budget Committee Majority Staff Report, March 3, 2014. “Fifty years ago, President Lyndon Johnson declared war on poverty. Since then, Washington has created dozens of programs and spent trillions of dollars. But few people have stopped to ask, “Are they working?” In “The War on Poverty: 50 …
Foreign Banks: Overview of Dodd-Frank Enhanced Prudential Standards Final Rule, Davis Polk, February 24, 2014 “This visual summary provides an overview of key aspects of the Dodd-Frank enhanced prudential standards (EPS) final rule that applies to foreign banking organizations with ≥ $50 billion in total global consolidated assets (Large FBOs).”
Gaffeo, Edoardo and Molinari, Massimo, Macroprudential Consolidation Policy in Interbank Networks (March 1, 2014). Available at SSRN: http://ssrn.com/abstract=2403080 “Can consolidation policy be made consistent with macro-prudential supervision? In this study, we seek to provide new insights on this key-question using a network approach. We study how the resilience of a banking network evolves as we …
Positive Thinking About the Future in Newspaper Reports and Presidential Addresses Predicts Economic Downturn. Sevincer AT, Wagner G, Kalvelage J, Oettingen G. Published online before print, February 4, 2014, doi:10.1177/0956797613518350. “Previous research has shown that positive thinking, in the form of fantasies about an idealized future, predicts low effort and poor performance. In the studies reported here, we used computerized …
“As part of its economic and budgetary projections, CBO estimates past and future potential output—also called potential gross domestic product (GDP), and defined as the maximum sustainable amount of real (inflation-adjusted) output that the economy can produce. For various reasons, CBO’s projections for potential GDP in a specific year can change over time. This report …
