Accurate, Focused Research on Law, Technology and Knowledge Discovery With Daily Postings Since 2002
“CBO projects that, under current law, the federal budget deficit will fall to $468 billion in 2015 – 2.6 percent of GDP – and remain roughly stable, as a percentage of GDP, through 2018. After that, the gap between spending and revenues is projected to grow, raising the already high level of federal debt. CBO …
2014 Global Metro Monitor – Combined Change in Employment and GDP Per Capita (Index of Both Rates), 2013–2014 “With only 20 percent of the population, the world’s 300 largest metropolitan economies accounted for nearly half of global output in 2014. This interactive and report compare growth patterns in the world’s 300 largest metro economies on two …
Becher, David A. and Gordon, Rachel and Juergens, Jennifer L., Are Firm-Advisor Relationships Valuable? A Long-Term Perspective (January 24, 2015). Available for download at SSRN: http://ssrn.com/abstract=2554845 “We examine long-term firm-advisor relations using an extended history of debt, equity, and merger transactions. Hard-to-value firms are more likely to maintain dedicated advisor relations (underwriters or merger advisors). …
Working Paper No. 14-10 by Michelle L. Barnes and Giovanni P. Olivei 2014 Series “The widely studied Reuters/Michigan Index of Consumer Sentiment is constructed from the answers to five questions from the more comprehensive Reuters/Michigan Surveys of Consumers. Yet little work has been done on what predictive power the information taken from this more thorough …
Bernal, Oscar and Gnabo, Jean-Yves and Guilmin, Grégory, Economic Policy Uncertainty and Risk Spillovers in the Eurozone (January 22, 2015). Available for download at SSRN: http://ssrn.com/abstract=2554046 “This paper focuses on the impact of economic policy uncertainty on risk spillovers within the Eurozone and contributes to these two growing literatures. To this end, we adapt the …
World Bank Policy Research Working Paper 7118. The Creative Wealth of Nations – How the Performing Arts Can Advance Development and Human Progress – by Patrick Kabanda, Foreword by Amartya Se. “Cultural activities are increasingly noted as drivers of meaningful development. But they have yet to gain a prominent place in the architecture of development strategy. …
“The Office of the Comptroller of the Currency (OCC) issued today the Government Securities Act” booklet of the Comptroller’s Handbook. This new booklet, part of the Securities Compliance series, consolidates certain guidance from the Comptroller’s Handbook for Compliance, “Securities Activities” booklet, issued in September 1991, and the Comptroller’s Handbook booklet “Investment Securities,” issued in March …
“This year may well see a rare occurrence for world commodity markets – a decline in all nine key commodity price indices, says the World Bank’s latest Commodity Markets Outlook, released today. While oil prices have seen the most dramatic decline, the third largest since World War II, other commodities have also been gradually weakening …
The Federal Minimum Wage: In Brief. David H. Bradley, Specialist in Labor Economics. January 13, 2015. “The Fair Labor Standards Act (FLSA), enacted in 1938, is the federal legislation that establishes the minimum hourly wage that must be paid to all covered workers. The minimum wage provisions of the FLSA have been amended numerous times …
“The National Taxpayer Advocate’s (NTA) Annual Report to Congress creates a dialogue within the IRS and the highest levels of government to address taxpayers’ problems, protect taxpayers’ rights, and ease taxpayers’ burden. TAS is an independent organization within the IRS. The NTA delivers this report directly to the tax-writing committees in Congress (the House Committee …
“The 2015 State of the Union address focused on topics such as 21st century skills, climate change, and cybersecurity. The National Academies Press provides resources directly related to these national issues. A selection has been highlighted below. We’ve posted the full transcript of the President’s speech, annotated with lists of our related materials. Read our complete …
BLS, January 2015: “Workers were less secure about retaining their jobs in 2010 and 2012 than in 1977 and 1978; they also were less secure about the ease with which they would find a comparable job if they were separated. As might be expected, the two measures of job security track unemployment, although other factors …
