Full Release and Tables: “Real gross domestic product – the output of goods and services produced by labor and property located in the United States — increased at an annual rate of 1.7 percent in the second quarter of 2012 (that is, from the first quarter to the second quarter), according to the “second” estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 2.0 percent. The GDP estimate released today is based on more complete source data than were available for the “advance” estimate issued last month. In the advance estimate, the increase in real GDP was 1.5 percent. The increase in real GDP in the second quarter primarily reflected positive contributions from personal consumption expenditures (PCE), exports, nonresidential fixed investment, and residential fixed investment that were partly offset by negative contributions from private inventory investment and from state and local government spending. Imports, which are a subtraction in the calculation of GDP, increased. The deceleration in real GDP in the second quarter primarily reflected decelerations in PCE, in nonresidential fixed investment, and in residential fixed investment that were partly offset by a smaller decrease in federal government spending, an acceleration in exports, and a smaller decrease in private inventory investment.”
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Daily Archives: August 28, 2012
Recent GAO Reports – Medicaid Long-Term Care
Medicaid Long-Term Care Information Obtained by States about Applicants’ Assets Varies and May Be Insufficient, GAO-12-749, July 26, 2012 Worker and Family Assistance – Home Energy Assistance for Low-Income Occupants of Manufactured Homes, GAO-12-848R, Aug 24, 2012 Patient Protection and Affordable Care Act – Estimates of the Effect on the Prevalence of Employer-Sponsored Health Coverage,… Continue Reading
Obama Administration Finalizes Historic 54.5 mpg Fuel Efficiency Standards
News release: “The Obama Administration today finalized groundbreaking standards that will increase fuel economy to the equivalent of 54.5 mpg for cars and light-duty trucks by Model Year 2025. When combined with previous standards set by this Administration, this move will nearly double the fuel efficiency of those vehicles compared to new vehicles currently on… Continue Reading
A Guide to the Supreme Court's Decision on the ACA's Medicaid Expansion
“On June 28, 2012, the U.S. Supreme Court issued its decision in the case challenging the Affordable Care Act (ACA). The Court upheld the constitutionality of the ACA’s individual mandate, which requires most people to maintain a minimum level of health insurance coverage beginning in 2014. A majority of the Court also found the ACA’s… Continue Reading
Global Marketing Index – August 2012
Global Marketing Index – August 2012. Marketing budgets plummet in Asia Pacific and Europe: “Marketers in the Americas continue to buck the negative trend. Trading conditions show global improvement in August. Staffing levels rise in all three global regions. Warc Global Marketing Index in association with World Economics – “Global marketing budgets fell to their… Continue Reading
Higher Education: Gaps in Access and Persistence Study
Higher Education: Gaps in Access and Persistence Study. The National Center for Education Statistics (NCES), August 2012 “The NCES report Higher Education: Gaps in Access and Persistence Study presents 46 indicators of important developments and trends in the education of males and females within and across specific racial/ethnic groups. These indicators focus on student demographics,… Continue Reading
Analysis of the FY 2013 Defense Budget and Sequestration
Center for Strategic and Budgetary Assessments – by Todd Harrison, August 2012 “The FY 2013 budget request projects nearly zero real growth in the base defense budget over the coming years and a gradual shift in resources to focus more on air and sea power. Sequestration would alter virtually every aspect of DoDs planning by… Continue Reading
Federal Reserve Bank of Cleveland – Household Formation and the Great Recession
Household Formation and the Great Recession, by Timothy Dunne, VP and economist, Federal Reserve Bank of Cleveland. August 23, 2012. “During the Great Recession, the rate at which Americans formed households fell sharply. Though the rate has recently picked up, it isnt fast enough to make up for the shortfall in household formation that occurred… Continue Reading
EU High Level Group prepares recommendations to increase level of literacy in Europe
Backgrounder:”More than one million or one in five 15-year-olds in Europe, as well as over 75 million adults, lack basic reading and writing skills, which makes it harder for them to find a job and puts them at risk of social exclusion. In order to help address this serious problem the European Commission has taken… Continue Reading
Proposed Model Jury Instructions – The Use of Electronic Technology to Conduct Research on or Communicate about a Case
Proposed Model Jury Instructions – The Use of Electronic Technology to Conduct Research on or Communicate about a Case. Prepared by the Judicial Conference Committee on Court Administration and Case Management, June 2012 “I know that many of you use cell phones, Blackberries, the internet and other tools of technology. You also must not talk… Continue Reading
