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Monthly Budget Review, Based on the Monthly Treasury Statement for June and the Daily Treasury Statements for July 2011: The federal budget deficit was about $1.1 trillion in the first 10 months of fiscal year 2011, CBO estimates $66 billion less than the roughly $1.2 trillion deficit incurred through July 2010. Revenues were about …
Women in STEM: A Gender Gap to Innovation: “Our science, technology, engineering and math (STEM) workforce is crucial to Americas innovative capacity and global competitiveness. Yet women are vastly underrepresented in STEM jobs and among STEM degree holders despite making up nearly half of the U.S. workforce and half of the college-educated workforce. That leaves …
The Elephant That Became a Tiger 20 Years of Economic Reform in India, by Swaminathan S. Anklesaria Aiyar “A foreign exchange crisis in 1991 induced India to abandon decades of inward-looking socialism and adopt economic reforms that have converted the once-lumbering elephant into the latest Asian tiger. Indias gross domestic product (GDP) growth rate has …
“This week, President Obama directed a comprehensive review to strengthen the United States ability to prevent mass atrocities. The Presidents directive states plainly that: Preventing mass atrocities and genocide is a core national security interest and a core moral responsibility of the United States of America. The directive creates an important new tool in this …
World Trade Report 2011 – The WTO and preferential trade agreements: From co-existence to coherence, July 2011 “This year’s World Trade Report takes an in-depth fresh look at preferential trade. The choice of this topic reflects two significant trends in international trade relations, both of which carry far-reaching implications for the multilateral trading system. The …
News release [snipped]: “Standard & Poor’s Ratings Services said today that it lowered its long-term sovereign credit rating on the United States of America to ‘AA+’ from ‘AAA’. Standard & Poor’s also said that the outlook on the long-term rating is negative. At the same time, Standard & Poor’s affirmed its ‘A-1+’ short-term rating on …
“In the first half of 2011, the U.S. economy grew at a meager 0.8 percent annualized rate; investors appear increasingly nervous that a so-called double-dip recession is becoming more likely. Those worries were exacerbated this week by the debt-ceiling accord reached in Congress, which will seek $1.5 trillion in deficit cuts by years enda particularly …
Sunlight Foundation: “The House Ethics Committee is responsible for investigating and making recommendations on the enforcement of House ethics rules. In an nod towards transparency, its reports and statements are published online — but they are virtually unusable. The Committee publishes documents in an unsearchable PDF format, spreads them out over of 24 pages, and …
Where Housing Is Headed – While inventory of unsold homes has declined, in some cases substantially, from their year-earlier levels, housing markets are still weighed down by high levels of foreclosures and a stubbornly high unemployment rate. Home buyers in some parts of the U.S. say theyre frustrated by the lack of attractive inventory that …
Real-Time Forecasts of the Real Price of Oil Working Paper 2011-16, Christiane Baumeister, Lutz Kilian, August 2011 “We construct a monthly real-time data set consisting of vintages for 1991.1-2010.12 that is suitable for generating forecasts of the real price of oil from a variety of models. We document that revisions of the data typically represent …
04 Aug. 2011 – “According to the Credit Rating Agencies Regulation ((EC) No 1060/2009), ESMA publishes today the list of those credit rating agencies that as of today were either registered or certified in the European Union. The credit rating agencies listed here have been registered or certified in accordance with Regulation (EC) No 1060/2009 …
Employment Situation Summary, July 2011: “Total nonfarm payroll employment rose by 117,000 in July, and the unemployment rate was little changed at 9.1 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in health care, retail trade, manufacturing, and mining. Government employment continued to trend down. Household Survey Data: The number of …
