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Milken Institute Report – Ensuring State and Municipal Solvency”>Ensuring State and Municipal Solvency, October 2010 As the recession drags on, states and municipalities find themselves in a deep hole. For the first time since the Great Depression, income, sales and property taxes have declined in unison.1 The cyclical challenges are clear: falling tax receipts, high …
News release: “A new report launched today at the Business for Environment (B4E) Conference in Mexico City by the Low Carbon Leaders Project, an initiative supported by the UN Global Compact and WWF, stresses that transformations in the way that needs are met would produce much greater emissions reductions than incremental improvements in existing technology. …
Gap in Labor Market Now 11.5 Million Jobs, Heidi Shierholz – October 8, 2010- Economic Policy Institute “The underemployment rate, or the U-6 measure of labor underutilization, is a more comprehensive measure of labor market slack than the unemployment rate because it includes not just the officially unemployed, but also jobless workers who have given …
Summary: “NABE [National Association for Business Economics] panelists trimmed their projections on economic growth; those projections now remain sub-par through year-end. Real GDP will accelerate gradually during 2011, but remain moderate for the whole of next year. This summers slowdown has exposed the economys sensitivity to wealth losses, the unwinding of debt, and the reductions …
2010 Summary of Deposits data is now available: “The Summary of Deposits (SOD) contains deposit data for branches and offices of all FDIC-insured institutions. The Federal Deposit Insurance Corporation (FDIC) collects deposit balances for commercial and savings banks as of June 30 of each year, and the Office of Thrift Supervision (OTS) collects the same …
Unclassified White House Report to Congress on Afghanistan and Pakistan, addressed to Senator Carl Levin, Chairman, Armed Services Committee, September 30, 2010. The report notes “both positive and negative trends in the implementation of our Afghanistan and Pakistan strategy.” Via FAS: “The report described the progress or lack thereof made this year towards …
Bloomberg: “China, the worlds worst polluter, needs to spend at least 2 percent of gross domestic product a year — 680 billion yuan at 2009 figures — to clean up 30 years of industrial waste, said He Ping, chairman of the Washington-based International Fund for Chinas Environment. Mun Sing Ho, a senior economist at Dale …
Committee on Independent Scientific Review of Everglades Restoration Progress; National Research Council: “Although the progress of environmental restoration projects in the Florida Everglades remains slow overall, there have been improvements in the pace of restoration and in the relationship between the federal and state partners over the last two years. However, the importance of several …
S&T Strategies of Six Countries: Implications for the United States “An increase in global access to goods and knowledge is transforming world-class science and technology (S&T) by bringing it within the capability of an unprecedented number of global parties who must compete for resources, markets, and talent. In particular, globalization has facilitated the success of …
State/Local Employment Up Slightly Since Start of Recession, But Cuts Are Now Underway, Donald J. Boyd. The Nelson A. Rockefeller Institute of Government, August 20, 2010. Government employment accounts for more than 22 million jobs 17 percent of total U.S. employment with state and local governments accounting for the vast majority of this. …
Basel and the Wider Financial Stability Agenda, October 10, 2010, William C. Dudley, President and Chief Executive Officer. Remarks at the 2010 Institute of International Finance Annual Membership Meeting, Washington, D.C. “Over the past year, important new regulatory initiatives have been advanced both at the national and international level. These include the recent agreement in …
Monthly Budget Review – October 2010, Based on the Monthly Treasury Statement for August and the Daily Treasury Statements for September CBO estimates that the federal budget deficit was slightly less than $1.3 trillion in fiscal year 2010 and $125 billion less than the shortfall recorded in 2009. The 2010 deficit was equal to 8.9 …
