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Patricia White, Associate Director, Division of Research and Statistics – Testimony: Over-the-counter derivatives Before the Subcommittee on Securities, Insurance, and Investment, Committee of Banking, Housing, and Urban Affairs, U.S. Senate, Washington, D.C. June 22, 2009 [link to all related testimony]: “…I appreciate this opportunity to provide the Federal Reserve Board’s views on the development of …
MetroMonitor Tracking Economic Recession and Recovery in Americas 100 Largest Metropolitan Areas, June 2009: “Beneath the constant drumbeat of headline numbers emanating from Washington on U.S. jobs, national unemployment, GDP, and home prices lies a complex, diverse set of 366 metropolitan economies. While no metro area has been immune from the current economic downturn, the …
The U.S. Financial and Economic Crisis: Where Does It Stand and Where Do We Go From Here? Martin Neil Baily, Senior Fellow, Economic Studies, Douglas J. Elliott, Fellow, Economic Studies, Brookings Initiative on Business and Public Policy, June 2009 “This paper will review where we stand with the economy and the financial crisis, the likeliest …
The World Bank: Global Development Finance 2009 – Charting a Global Recovery: “Developing countries are expected to grow by only 1.2% this year, after 8.1% growth in 2007 and 5.9% growth in 2008. When China and India are excluded, GDP in the remaining developing countries is projected to fall by 1.6%, causing continued job losses …
The Atlantic: What the World’s Great Recession Looks Like, by Derek Thompson references A Tale of Two Depressions by economists Barry Eichengreen and Kevin H. ORourke. Related postings on financial system
Political Violence Against Americans 2008: “Political Violence Against Americans is a report to the American people that focuses on major incidents of anti-U.S. violence and terrorism, with apparent political motivations, that occurred worldwide during 2008. The U.S. Department of State closely monitors and maintains information on threats to Americans overseas from terrorism and organized …
State Personal Income: First Quarter 2009: “U.S. personal income continued to decline in the first quarter of 2009, falling 0.5 percent and encompassing 37 states, according to estimates released today by the U.S. Bureau of Economic Analysis. In the fourth quarter of 2008, U.S. personal income fell 0.4 percent.” Related postings on financial system
News release: “EPA released a first-of-its-kind guide to help states save money and reduce greenhouse gas emissions by adopting clean energy practices in their facilities, operations and vehicle fleets. States spend about 10 percent of their operating budgets on energy bills, yet these costs can be greatly reduced by implementing well-designed energy management and greenhouse …
Paid Sick Days Don’t Cause Unemployment, June 2009, John Schmitt, Hye Jin Rho, Alison Earle, and Jody Heymann. Center for Economic and Policy Research (CEPR) Critics of legislation requiring employers to provide paid sick days frequently argue that these measures will lead to job loss and raise the national unemployment rate. However, this issue brief …
“On April 16, 2009, President Obama, together with Vice President Biden and Secretary of Transportation LaHood, announced a new vision for developing high-speed rail in America. They called for a collaborative effort among the Federal Government, States, railroads, and other key stakeholders to help transform Americas transportation system through a national network of high-speed rail …
“The ninth annual Trafficking in Persons Report [download each section or complete report] sheds light on the faces of modern-day slavery and on new facets of this global problem. The human trafficking phenomenon affects virtually every country, including the United States. In acknowledging Americas own struggle with modern-day slavery and slavery-related practices, we offer partnership. …
Weekly Address, June 20, 2009: President Obama Highlights Tough New Consumer Protections: “…one of the most important proposals is a new oversight agency called the Consumer Financial Protection Agency [proposed in the White House Financial Regulatory Reform Plan]. Its charged with just one job: looking out for the interests of ordinary Americans in the financial …
