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Category Archives: Economy

GAO: EPA Administrator Pruitt Broke Law in Buying $43K Private Phone Booth

Summary – “Section 710 of the Financial Services and General Government Appropriations Act, 2017 (section 710) prohibits an agency from obligating an amount in excess of $5,000 to furnish, redecorate, purchase furniture for, or make improvements for the office of a presidential appointee during the period of appointment without prior notification to the appropriations committees… Continue Reading

Visualizing the Pay Gap Between Men and Women in the UK

Center for Data Innovation – “The Financial Times (paywall) has created a collection of data visualizations showing that 89 percent of women in the United Kingdom work at companies with a pay gap favoring men. The newspaper analyzed data from firms with more than 250 employees, which were required to submit data comparing men and… Continue Reading

Study – older people want the same things from a job as millennials

A new study says older people want the same things from a job as millennials: A good boss and a chance to change the world – “Older workers are more likely to look for work where they can have a positive impact, new data shows. The study also found that regardless of age, workers want a… Continue Reading

Surveys of Consumers – Univ of Michigan

Surveys of Consumers – chief economist, Richard Curtin – Preliminary Results for April 2018 – “Consumer sentiment slipped in early April, largely reversing the gains recorded in the prior two months. The small decline was widely shared by all age and income subgroups and across all regions of the country. Importantly, confidence still remains relatively… Continue Reading

OPM – Feds face sizable pay gap with private sector

Federal Times: “Federal employees on average see a 31.86 percent difference between their paychecks and those doing the same work in the private sector, according to an April 10, 2018, report submitted to the Federal Salary Council by its Locality Pay Working Group. The working group calculates the pay gap between federal employees and their… Continue Reading

How Will the New Tax Law Affect Homeowners in High Tax States? It Depends

New York Fed – Liberty Street Economics: “The Tax Cuts and Jobs Act of 2017 (TCJA) introduces significant changes to the federal income tax code for individuals and businesses. Several provisions of the new tax law are particularly significant for the owner‑occupied housing market. In this blog post, we compare the federal tax liability and… Continue Reading

GAO – Assessment Methodology for Economic Analysis

Assessment Methodology for Economic Analysis GAO-18-151SP: Published: Apr 10, 2018. Publicly Released: Apr 10, 2018. “GAO identifies five key methodological elements to the baseline structure of an economic analysis: Objective and scope, Methodology, Analysis of effects, Transparency and Documentation. GAO’s assessment methodology evaluates each key element and provides an overall assessment based on the assessment… Continue Reading

JAMA Study – Sudden loss of wealth in middle or older age may be a risk factor for all-cause mortality.

Editorial – From Misfortune to Mortality – Sudden Loss of Wealth and Increased Risk of Death. Alan M. Garber, MD, PhD. JAMA. 2018;319(13):1327-1328. doi:10.1001/jama.2018.3418. [First page preview is free] Original Investigation – Negative Wealth Shock and All-Cause Mortality. Lindsay R. Pool, PhD; Sarah A. Burgard, PhD; Belinda L. Needham, PhD; Michael R. Elliott, PhD; Kenneth… Continue Reading

Nearly Half of Corporate Giants Escape IRS Audit in 2017

“The Internal Revenue Service (IRS) reports that nationally there are now 616 corporate giants. These are companies that reported $20 billion or more in assets. As recently as FY 2010 virtually every (96%) corporate giant received an IRS audit. By FY 2016, this had fallen to only three out of four (76%). And last year,… Continue Reading

Paper – Advancing Women’s Digital Financial Inclusion

Advancing Women’s Digital Financial Inclusion January 2018 by Kathryn Imboden, Toronto Centre. Kathryn is a Policy Advisor at CGAP, focusing on financial inclusion work with global standard setting bodies. “Women’s inclusion in the usage of financial series is broadly recognized as a key driver of women’s participation in the economy and of household well-being, leading… Continue Reading

Experts explain blockchain initiatives and opportunities for research, digital rights management, peer review

“In this interview, Joris van Rossum (Director of Special Projects, Digital Science) and author of Blockchain for Research, and Martijn Roelandse (Head of Publishing Innovation, Springer Nature), discuss blockchain in scholarly communications, including the recently launched Peer Review Blockchain initiative…We’ve explored the possibilities and initiatives in a report published by Digital Science. The blockchain could… Continue Reading

Yes, Bookmobiles Are Still A Thing

Pew Trusts: “The van comes to a stop just as it reaches the hens. A bleating lamb is the first to greet Sandra Hennessee as she opens the van door and lets in the midday sun. To get here, on an Amish farm in rural western Kentucky, Hennessee headed west from the small town of… Continue Reading