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Daily Archives: September 1, 2012

The Economist – Barack Obama’s economic record End-of-term report

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Barack Obama’s economic record – End-of-term report. “The president’s record is better than the woes of America’s economy suggests. Sep 1st 2012 | WASHINGTON, DC | from the print edition

  • “Not since 1933 had an American president taken the oath of office in an economic climate as grim as it was when Barack Obama put his left hand on the Bible in January 2009. The banking system was near collapse, two big car manufacturers were sliding towards bankruptcy; and employment, the housing market and output were spiralling down. Hemmed in by political constraints, presidents typically have only the slightest influence over the American economy. Mr Obama, like Franklin Roosevelt in 1933 and Ronald Reagan in 1981, would be an exception. Not only would his decisions be crucial to the recovery, but he also had a chance to shape the economy that emerged. As one adviser said, the crisis should not be allowed to go to waste.”
  • Related postings on financial system

    • NBER Study – Were They Prepared for Retirement?

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    Were They Prepared for Retirement? Financial Status at Advanced Ages in the HRS and AHEAD Cohorts. James M. Poterba, Steven F. Venti, David A. Wise. NBER Working Paper No. 17824, Issued in February 2012 “Many analysts have considered whether households approaching retirement age have accumulated enough assets to be well prepared for retirement. In this… Continue Reading

    International Indexes of Consumer Prices

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    International Indexes of Consumer Prices, 18 countries and areas, 1998–2012 “Harmonized indexes of consumer prices (HICP) are an internationally comparable measure of consumer price inflation, which covers all households in each country and excludes owner-occupied housing costs. HICP measures conform, insofar as possible, to the conceptual basis of the European Union’s Harmonized Index of Consumer… Continue Reading

    2012 Census of Governments

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    “The Census of Governments identifies the scope and nature of the nation’s state and local government sector; provides authoritative benchmark figures of public finance and public employment; classifies local government organizations, powers, and activities; and measures federal, state, and local fiscal relationships. The data are available by: level of government (state, local, or state and… Continue Reading