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Category Archives: Economy

House GOP Agenda Signals Push for Social Security and Medicare Cuts

Common Dreams – “House Republicans on [September 21, 2022] unveiled parts of a policy agenda that indicates the party would push for cuts to Social Security and Medicare if it retakes the majority in November. A one-page summary of the agenda that House Republicans, led by Minority Leader Kevin McCarthy (R-Calif.), are expected to formally introduce Friday includes a highly misleading line that expresses the GOP’s commitment to “save and strengthen Social Security and Medicare.” “Democrats are fighting to expand Social Security, while Republicans want to cut, privatize, and destroy it behind closed doors.” Republicans frequently shroud their push for Social Security benefit cuts—and even full-scale privatization—in rhetoric aimed at convincing the public that the GOP is actually trying to rescue the beloved program from a dire financial crisis that analysts and advocates say doesn’t exist. “Republicans want to protect Social Security for current beneficiaries and future generations—and if possible save Social Security once and for all,” Rep. Kevin Brady (R-Texas) declared in July.

More fleshed-out policy proposals recently released by House Republicans offer a closer look at what GOP lawmakers mean when they say they want to “save” Social Security. In June, the Republican Study Committee—a group made up of 158 of 212 House Republicans, including Brady—released a proposal that calls for gradually raising the retirement age to 70, partially privatizing Social Security, and mean-testing benefits…”

4-Day Workweek Brings No Loss of Productivity, Companies in Experiment Say

The New York Times: “Most of the companies participating in a four-day workweek pilot program in Britain said they had seen no loss of productivity during the experiment, and in some cases had seen a significant improvement, according to a survey of participants published on Wednesday. Nearly halfway into the six-month trial, in which employees… Continue Reading

2022’s Happiest States in America

WalletNews: “Happiness comes from a combination of internal and external factors. We can influence it somewhat by approaching situations positively or choosing to spend time with people we love, doing activities we enjoy. It’s harder to be happy in some years than in others, though. The COVID-19 pandemic was one of the biggest stressors during… Continue Reading

USGS Water Blog

“Welcome to the U.S. Geological Survey Water Mission Area’s Water Data Blog. Water information is fundamental to national and local economic well-being, protection of life and property, and effective management of the Nation’s water resources. The USGS works with partners to monitor, assess, conduct targeted research, and deliver information on a wide range of water… Continue Reading

NY AG James Sues Donald Trump for Years of Financial Fraud

“New York Attorney General Letitia James today filed a lawsuit against Donald Trump, the Trump Organization, senior management, and involved entities for engaging in years of financial fraud to obtain a host of economic benefits. The lawsuit alleges that Donald Trump, with the help of his children Donald Trump, Jr., Ivanka Trump, and Eric Trump,… Continue Reading

New US company owner database ‘taking way too long’ to implement, experts warn

ICIJ – “After ICIJ’s FinCEN Files investigation, transparency advocates cheered a new law mandating a beneficial ownership register in the U.S. Two years later, experts are expressing serious concerns. A key U.S. reform designed to halt anonymous companies hiding illicit activities and funds remains stalled in the U.S. Treasury Department two years after the FinCEN… Continue Reading

Global Registry of Fossil Fuels

Global Registry of Fossil Fuel Emissions and Reserves: “The Global Registry is the first open-source database of oil, gas and coal production and reserves globally, expressed in CO2-equivalent. By increasing transparency and accountability around fossil fuel production, the Registry aims to improve understanding of extraction impacts on the remaining carbon budget and ultimately to inform… Continue Reading

Updating the External Wealth of Nations database to 2021

Brookings: “Editor’s Note: This post updates with year-end 2021 data the External Wealth of Nations database [Excel download], which assembles data on external claims and liabilities of economies around the world. The database is described in more detail in a series of papers (Lane and Milesi-Ferretti 2001, 2007, 2018), and in a companion post. The… Continue Reading

The Bioeconomy: A Primer

CRS Report – The Bioeconomy: A Primer, September 19, 2022 – “The term bioeconomy refers to the share of the economy based on products, services, and processes derived from biological resources (e.g., plants and microorganisms). The bioeconomy is crosscutting, encompassing multiple sectors, in whole or in part (e.g., agriculture, textiles, chemicals, and energy). Many predict… Continue Reading

The Financial Stability Implications of Digital Assets

Federal Reserve Board, August 2022. The Financial Stability Implications of Digital Assets Pablo D. Azar, Garth Baughman, Francesca Carapella, Jacob Gerszten, Arazi Lubis, JP Perez-Sangimino, David E. Rappoport, Chiara Scotti, Nathan Swem, Alexandros Vardoulakis, Aurite Werman – “The value of assets in the digital ecosystem has grown rapidly, amid periods of high volatility. Does the… Continue Reading

White House Framework on Regulating Cryptocurrency

FACT SHEET:  White House Releases First-Ever Comprehensive Framework for Responsible Development of Digital Assets – September 16, 2022 – Following the President’s Executive Order, New Reports Outline Recommendations to Protect Consumers, Investors, Businesses, Financial Stability, National Security, and the Environment – The digital assets market has grown significantly in recent years. Millions of people globally, including… Continue Reading

Black Wealth Datacenter

“The Black Wealth Data Center was conceived and funded by Bloomberg Philanthropies’ Greenwood Initiative, a program area aimed at increasing generational wealth and addressing systemic underinvestment in Black communities. The Greenwood Initiative conceptualized the Black Wealth Data Center to help address the problem of insufficient and inaccessible data on the topic of Black wealth. Prosperity… Continue Reading