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Daily Archives: March 6, 2012

The Earned Income Tax Credit and Expected Social Security Retirement Benefits Among Low-Income Women

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CBO – The Earned Income Tax Credit and Expected Social Security Retirement Benefits Among Low-Income Women: Working Paper 2012-6

  • “Expansions in the Earned Income Tax Credit (EITC) are associated with increases in formal employment and increases in long-term year-over-year growth in earnings for single mothers. In this study, we examine whether expansions in the EITC are likely to lead to increases in Social Security retirement benefits for less-educated women (those likely to be affected by the EITC) by increasing their employment and earnings when young. The increases in benefits could occur through two channels: First, as the EITC pulls additional less-educated women into market work, those women may accrue more quarters of employment and thus be more likely to qualify for Social Security retirement benefits. Second, to the extent that the EITC leads to increased earnings growth, less-educated women may qualify for higher benefits. We rely on administrative earnings data from the Social Security Administration and existing estimates of the effect of the EITC on employment and earnings growth to simulate the impact of an EITC expansion on the future Social Security retirement benefits of less-educated women. The results of this simulation suggest that the EITC leads to an increase in the share of less-educated women that will be eligible for Social Security retirement benefits and leads to an increase in their monthly benefit amount. Thus, the existence of the EITC contributes to the financial security of affected women as they age and retire.”

    • Federal Financial Support for the Development and Production of Fuels and Energy Technologies

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    CBO – Federal Financial Support for the Development and Production of Fuels and Energy Technologies, March 2012 “The federal government supports the production and use of fossil fuels, nuclear power, and renewable energy and encourages increased energy efficiency through provisions of law that reduce the amount of taxes paid by producers and consumers of energy… Continue Reading

    A Sustainability Challenge: Food Security for All: Report of Two Workshops

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    A Sustainability Challenge: Food Security for All: Report of Two Workshops “The National Research Council’s Science and Technology for Sustainability Program hosted two workshops in 2011 addressing the sustainability challenges associated with food security for all. The first workshop, Measuring Food Insecurity and Assessing the Sustainability of Global Food Systems, explored the availability and quality… Continue Reading

    NOAA – Asian emissions can increase ground-level ozone pollution in U.S. West

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    News release: “Springtime air pollution from Asia, swept across the Pacific Ocean on winds, can contribute to episodes of high surface ozone pollution in the western United States, according to a new study by NOAA scientists and academic colleagues. Several recent studies have shown that powerful spring winds can carry Asian pollution into the atmosphere… Continue Reading

    HM Treasury – Statement on Money Laundering controls in Overseas Jurisdictions

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    Statement on Money Laundering controls in Overseas Jurisdictions: “This notice constitutes advice issued by HM Treasury about risks posed by unsatisfactory money laundering controls in a number of jurisdictions. The Money Laundering Regulations 2007 require firms to put in place policies, procedures or systems in order to prevent money laundering or terrorist financing. Regulated businesses… Continue Reading

    United Nations E-Government Survey 2012

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    United Nations E-Government Survey 2012 “According to the 2012 United Nations E-government Survey rankings, the Republic of Korea is the world leader (0.9283) followed by the Netherlands (0.9125), the United Kingdom (0.8960) and Denmark (0.8889), with the United States, Canada, France, Norway, Singapore and Sweden close behind. The steady improvement in all the indicators of… Continue Reading

    2012 Deep-Sea Coral Report to Congress released

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    Deep Sea Coral Research and Technology Program 2012 Report to Congress “Deep-sea corals form large, complex structures in all U.S. regions, providing habitats for myriad marine species. The Deep Sea Coral Research and Technology Program is the nation’s only federal research program dedicated to increasing scientific understanding of deep-sea coral ecosystems and is designed to… Continue Reading

    Collateral requirements for mandatory central clearing of over-the-counter derivatives

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    Collateral requirements for mandatory central clearing of over-the counter derivatives, by Daniel Heller and Nicholas Vause, Working Papers No 373, March 2012 “By the end of 2012, all standardised over-the-counter (OTC) derivatives must be cleared with central counterparties (CCPs). In this paper, we estimate the amount of collateral that CCPs should demand to clear safely… Continue Reading

    Challenges in Characterizing Small Particles: Exploring Particles from the Nano- to Microscales

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    “Small particles are ubiquitous in the natural and built worlds and have tremendous impact throughout. However, a lack of understanding about the properties and chemical composition of small particles limits our ability to predict, and control their applications and impacts. Challenges in Characterizing Small Particles: Exploring Particles from the Nano- to Microscales summarizes presentations and… Continue Reading