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Hartmann Report – “Republicans worship cheap labor — and having a steady and reliable supply of cheap labor requires widespread poverty… We must not confuse statistical probability with some transcendental and utterly compelling force. — Unspiek, Baron Bodissey One of the enduring mysteries of America is why the citizens of Red states are generally poorer, …
US Budget Watch 2024 is a project of the nonpartisan Committee for a Responsible Federal Budget – The next President will face significant fiscal challenges upon taking office, including record debt levels, large structural deficits, surging interest payments, and the looming insolvency of critical trust fund programs. Our large and growing national debt threatens to slow economic growth, …
World Resources Institute: “Banks have made headlines in recent years for committing to reach “net-zero emissions” by 2050 and pledging to mobilize trillions of dollars in the fight against climate change. Indeed, banks will play an important role in halting global warming: Companies rely on them to help finance the zero- and low-carbon technologies and …
NBER – The Rapid Adoption of Generative AI. Alexander Bick. Adam Blandin & David J. Deming. Working Paper 32966. DOI 10.3386/w32966. Issue Date September 2024. Generative Artificial Intelligence (AI) is a potentially important new technology, but its impact on the economy depends on the speed and intensity of adoption. This paper reports results from the …
CNBC: “Next year, more than 30 million Americans in 24 states will be eligible for Direct File, the IRS’ free tax filing program, the agency and U.S. Department of the Treasury announced on Thursday. The Direct File pilot was open to limited taxpayers in 12 states for the 2024 filing season, including Arizona, California, Florida, …
“Zillow® is introducing climate risk data, provided by First Street, the standard for climate risk financial modeling, on for-sale property listings across the U.S. Home shoppers will gain insights into five key risks—flood, wildfire, wind, heat and air quality—directly from listing pages, complete with risk scores, interactive maps and insurance requirements. With more than 80% …
Liberty Street Economics. September 25, 2024. Flood Risk Outside Flood Zones — A Look at Mortgage Lending in Risky Areas Kristian Blickle, Evan Perry, and João A.C. Santos. In support of the National Flood Insurance Program (NFIP), the Federal Emergency Management Agency (FEMA) creates flood maps that indicate areas with high flood risk, where mortgage …
FT.com – Men’s education deficit is increasingly becoming an employment, earnings and outcomes gap, with significant repercussions: “Across the developed world, girls and young women have been pulling ahead of boys and young men in education for several decades, with much larger proportions going on to attend university than their male counterparts. This trend has …
“About half of U.S. adults (52%) lived in middle-income households in 2022, according to a Pew Research Center analysis of the most recent available government data. Roughly three-in-ten (28%) were in lower-income households and 19% were in upper-income households. Our calculator below, updated with 2022 data, lets you find out which group you are in, …
PRNewswire via Zillow Newroom: “The monthly cost of home ownership may be more attainable than people think. But, it depends on where they live. According to a new Zillow Home Loans analysis, a monthly mortgage payment is actually less expensive than rent in 22 of the 50 largest U.S. metros. Recent dips in mortgage rates, …
NRDC: “For communities across the country, flooding is an all-too-frequent experience—and, often, one with devastating consequences. Over 250,000 properties in the United States have had multiple claims under the National Flood Insurance Program (NFIP). These “repetitive loss properties” are found in every U.S. state as well as Puerto Rico, the U.S. Virgin Islands, Guam, and …
Intelligencer via MSN – “A new book shows just how much sway the mysterious right-wing Catholic group has — and might have over Trump’s next term… Details of the Opus Dei network in the American capital are a significant part of a new, deeply researched book by British financial journalist Gareth Gore, Opus: The Cult …
