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Stephen D. King, chief economist at HSBC: “We are reaching end times for Western affluence. Between 2000 and 2007, ahead of the Great Recession, the United States economy grew at a meager average of about 2.4 percent a year — a full percentage point below the 3.4 percent average of the 1980s and 1990s. From …
Education Pays 2013: The Benefits of Higher Education for Individuals and Society “documents the ways in which both individuals and society as a whole benefit from increased levels of education. The report examines differences in the earnings and employment patterns of U.S. adults with different levels of education. It compares health-related behaviors, reliance on public …
Sergie, Mohammed Aly. Hydraulic Fracturing (Fracking). Oct 2013. Council on Foreign Relations. “Geologists have known about vast reservoirs of natural gas and oil trapped in shale formations across the United States for decades, but extraction techniques weren’t available and the resources remained untapped. Shale didn’t factor into most serious analyses of U.S. energy prospects until the …
“In its report on the Global Employment Trends for Youth 2013 – A Generation at Risk [May 8, 2013] – the International Labour Office (ILO) examines the continuing job crisis affecting young people in many parts of the world. It provides updated statistics on global and regional youth unemployment rates and presents ILO policy recommendations to …
Presentation: Technology Adoption by Lower Income Populations – Oct 8, 2013 at American Public Health Services Association “Aaron Smith, Senior Researcher at the Pew Research Center’s Internet Project, discusses the Project’s latest research about internet usage, broadband adoption, and the impact of mobile connectivity among lower-income populations.”
Trading Strategies and Market Microstructure: Evidence from a Prediction Market – David M. Rothschild, Microsoft Research – NYC; Rajiv Sethi; Barnard College, Columbia University; Santa Fe Institute. September 8, 2013 “We examine transaction-level data from Intrade’s presidential winner market for the two weeks immediately preceding the November 2012 election. The data allow us to compute …
The Sovereign Wealth Fund Discount: Evidence from Public Equity Investments by Bernardo Bortolotti (Università di Torino) and Veljko Fotak (SUNY Buffalo) and William Megginson (University of Oklahoma) “Using a sample of 1,018 Sovereign Wealth Fund (SWF) equity investments in publicly traded firms and a control sample of 5,975 transactions by private-sector financial institutions over 1980-2012, …
Asset Poverty and the Importance of Emergency Savings, by Caroline Ratcliffe, Urban Institute, October 1, 2013 “What percent of families are asset poor—lack sufficient resources to live at the poverty line for three months —and why does asset poverty matter? A third of U.S. families are liquid asset poor and these families are disproportionately minority, young, …
“Sovereign debt crises occur regularly and often violently. The recent debt crisis in Greece almost led to the collapse of the Euro. Yet there is no legally and politically recognized procedure for restructuring the debt of bankrupt sovereigns. Procedures of this type have been periodically debated— most recently, about a decade ago, when IMF management …
“Emerging markets are changing where and how the world does business. For the last three decades, they have been a source of low-cost but increasingly skilled labor. Their fast-growing cities are filled with millions of new and increasingly prosperous consumers, who provide a new growth market for global corporations at a time when much of …
U.S. Department of the Treasury: The Potential Macroeconomic Effect of Debt Ceiling Brinksmanship. October 3, 2013 “The United States has never defaulted on its obligations, and the U S. dollar and Treasury securities are at the center of the international financial system. A default would be unprecedented and has the potential to be catastrophic: credit …
“The Consumer Expenditure (CE) surveys are the only source of information on the complete range of consumers’ expenditures and incomes in the United States, as well as the characteristics of those consumers. The CE consists of two separate surveys: (1) a national sample of households interviewed five times at three-month intervals; and (2) a separate …
