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Category Archives: Economy

Testimony – Transparency at CBO: An Update

Testimony on Transparency at CBO: An Update | Congressional Budget Office – Keith Hall, Director Before the Committee on the Budget United States Senate September 13, 2018. “…Transparency can mean many different things, so letme begin by highlighting CBO’s three goals in being transparent: First, we aim to enhance the credibility of our work by… Continue Reading

Income, Poverty and Health Insurance Coverage in the United States: 2017

“The U.S. Census Bureau announced today that real median household income increased by 1.8 percent between 2016 and 2017, while the official poverty rate decreased 0.4 percentage points. At the same time, the number of people without health insurance coverage and the uninsured rate were not statistically different from 2016. Median household income in the… Continue Reading

GAO delivers more bad news for Washington DC Metro

Washington Metropolitan Area Transit Authority: Assessing Fiscal Risks and Improving Workforce Management Would Help Achieve Strategic Goals, GAO-18-643: Published: Sep 10, 2018. Publicly Released: Sep 10, 2018: “In recent years, Washington, D.C.’s Metro transit system has had serious safety problems and has lost revenue during lengthy maintenance. These conditions put pressure on Metro to effectively… Continue Reading

CBO – Federal budget deficit was $895 billion for the first 11 months of fiscal year 2018

Monthly Budget Review for August 2018: “The federal budget deficit was $895 billion for the first 11 months of fiscal year 2018, the Congressional Budget Office estimates, $222 billion more than the shortfall recorded during the same period last year. Revenues were 1 percent higher than in the same period in fiscal year 2017, but… Continue Reading

The State of Food Security and Nutrition in the World 2018

11 September 2018, Rome – “New evidence continues to signal that the number of hungry people in the world is growing, reaching 821 million in 2017 or one in every nine people, according to The State of Food Security and Nutrition in the World 2018 released today. Limited progress is also being made in addressing the multiple… Continue Reading

Securities Regulation and Initial Coin Offerings: A Legal Primer

CRS Report – Securities Regulation and Initial Coin Offerings: A Legal Primer. August 31, 2018 R45301 “Initial coin offerings (ICOs)—a method of raising capital in exchange for digital coins or tokens that entitle their holders to certain rights—are a hot topic among legislators, regulators, and financial market professionals. In response to a surge in the… Continue Reading

American middle class is stable in size, but losing ground financially to upper-income families

Pew: “About half (52%) of American adults lived in middle-class households in 2016. This is virtually unchanged from the 51% who were middle class in 2011. But while the size of the nation’s middle class remained relatively stable, financial gains for middle-income Americans during this period were modest compared with those of higher-income households, causing… Continue Reading

What It Actually Costs to Live in America’s Most Expensive Cities

“With unemployment at over a decade low, wages at all-time highs, and poverty on the decline, the U.S. economy is flourishing — or so it would seem. For Americans struggling financially it can be difficult to feel encouraged by such optimistic reports. It is a common complaint among ordinary Americans and economists alike: economic measures… Continue Reading

How the Great Recession Changed American Workers

[email protected]: “Technically speaking, the financial crisis of 2008, the biggest economic meltdown in the U.S. since the Great Depression, lasted a little more than 18 months, and ended long ago. From December 2007 to June 2009, the GDP contracted sharply, and then the economy began growing again. At ground level for many, though, the world… Continue Reading

The Global Economy Ten Years After

Project Syndicate – Jim O’Neill: “In the decade since the collapse of Lehman Brothers and the start of the global financial crisis, the world economy has registered stronger growth than many realize, owing in large part to China. But in the years ahead, global economic imbalances and troubling trends in the business world will continue… Continue Reading

Amazon global headquarters competition yields huge cache of economic data

Axios: “When Amazon invited cities to compete for its second global headquarters a year ago today, it got reams of data from the 238 entrants — enough to learn details of the cities’ future plans that a lot of their residents don’t even know about, Axios’ Erica Pandey reports. Why it matters: The information effectively… Continue Reading

NYT Op-Ed To Restore Civil Society, Start With the Library

To Restore Civil Society, Start With the Library. This crucial institution is being neglected just when we need it the most. By Eric Klinenberg (@EricKlinenberg), a professor of sociology and the director of the Institute for Public Knowledge at New York University “…But the problem that libraries face today isn’t irrelevance. Indeed, in New York… Continue Reading