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Monthly Budget Review December 2011: “The federal budget deficit was close to $240 billion for the first two months of fiscal year 2012, more than $50 billion below the deficit recorded through November of last year, CBO estimates. Much of that difference occurred because roughly $30 billion in payments that would ordinarily have been made …
Health Spending by State of Residence, 19912009. Medicare & Medicaid Research Review 2011: Volume 1, Number 4 “In 2009, the 10 states where per capita spending was highest ranged from 13 to 36 percent higher than the national average, and the 10 states where per capita spending was lowest ranged from 8 to 26 percent …
Improving American’s Financial Security: “..one of the most important components of Wall Street reform is putting in place a Director of the new CFPB. It is only with a Director that the CFPB can exercise its full authorities and make good on the consumer protection goals of Wall Street Reform. Without a Director, the CFPB …
Emerging East Asia – A Regional Economic Update, December 2011. Asian Development Bank. “Outlook and Risks: Since mid-2011, the external environment for emerging East Asia has worsened; no resolution of the eurozone sovereign debt crisis is in sight and the US recovery remains fragile. Aggregate GDP in emerging East Asia is expected to grow 7.2% …
Matt Leichter: “Two weeks ago, I used U.S. News and Official Guide data to show that in 2010, 44,245 ABA law school graduates took on $3.6 billion in student loans, a sum that increased from $3.1 billion in 2008. The increases occur because Congress allows law students to fully finance their legal educations (and living …
Closing the gap: “Organisations ranging from the United Nations to the OECD and the World Bank are paying more attention to women. Some European countries have already introduced quotas to get more of them on company boards and others may follow. Every self-respecting firm, bank, consultancy and headhunter is launching initiatives, conducting studies and running …
CBO – Spending Patterns for Prescription Drugs Under Medicare Part D, December 2011: “The centerpiece of the Medicare Prescription Drug, Improvement, and Modernization Act of 2003 (Medicare Modernization Act) was the creation of Medicare Part D, a subsidized pharmaceutical benefit that went into effect in 2006. That additional coveragewhich provides outpatient prescription drug insurance to …
News release: “Among fathers with a wife in the workforce, 32 percent were a regular source of care for their children under age 15, up from 26 percent in 2002, the U.S. Census Bureau reported today. Among these fathers with preschool-age children, one in five fathers was the primary caregiver, meaning their child spent more …
CRS – Governmental Tracking of Cell Phones and Vehicles: The Confluence of Privacy, Technology, and Law. Richard M. Thompson, Law Clerk, December 1, 2011 “Legislation has been introduced in the 112th Congress that proposes to update, clarify, or, in some instances, strengthen the privacy interests protected under the law and give law enforcement a clearer …
“The gap between rich and poor in OECD countries has reached its highest level for over over 30 years, and governments must act quickly to tackle inequality, according to a new OECD report. Divided We Stand: Why Inequality Keeps Rising finds that the average income of the richest 10% is now about nine times that …
Finance and the Economy: Occupy Wall Street in Historical Perspective, Mark Jickling, Specialist in Financial Economics – Sean M. Hoskins, Analyst in Financial Economics, November 14, 2011 “Wall Street and Main Streetthe financial system and the real economy of goods and servicesare bound together. If businesses large and small had to fund investment projects out …
Do Borrower Rights Improve Borrower Outcomes? Evidence from the Foreclosure Process – Kristopher Gerardi, Lauren Lambie-Hanson, and Paul S. Willen, Working Paper 2011-16. November 2011 “Many have argued that laws that give borrowers additional rights can help prevent unnecessary foreclosures by giving borrowers more time to cure their delinquencies or by facilitating workouts. We first …
