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Monthly Archives: September 2012

BLS – August payroll employment rises; unemployment rate edges down

News release:”Total nonfarm payroll employment rose by 96,000 in August, and the unemployment rate edged down to 8.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in food services and drinking places, in professional and technical services, and in health care. Household Survey Data – The unemployment rate edged down in August… Continue Reading

OECD – Financial Contagion in the Era of Globalised Banking

Financial Contagion in the Era of Globalised Banking, OECD Economics Department, Policy Notes, No. 14, June 2012. “One factor that made the recent financial crisis so deep and widespread is the extent and nature of international banking integration, which led to unprecedented transmission of financial instability. Financial contagion through international banking occurs e.g. when banks… Continue Reading

NFIB v. Sebelius: Constitutionality of the Individual Mandate

CRS – NFIB v. Sebelius: Constitutionality of the Individual Mandate. Erika K. Lunder, Legislative Attorney. Jennifer Staman, Legislative Attorney, September 3, 2012 In one of the most highly anticipated decisions in recent years, the Supreme Court released its ruling regarding the constitutionality of the Affordable Care Act (ACA) in June 2012. In NFIB v. Sebelius,… Continue Reading

The "Fiscal Cliff": Macroeconomic Consequences of Tax Increases and Spending Cuts

The “Fiscal Cliff”: Macroeconomic Consequences of Tax Increases and Spending Cuts, Jane G. Gravelle, Senior Specialist in Economic Policy. September 5, 2012 “A major policy concern for Congress is when and whether to address the “fiscal cliff,” a set of tax increases and spending cuts that would substantially reduce the deficit in 2013. In projections… Continue Reading

Census Statistics and Facts – Hispanic Heritage Month 2012: Sept. 15 – Oct. 15

“In September 1968, Congress authorized President Lyndon B. Johnson to proclaim National Hispanic Heritage Week, which was observed during the week that included Sept. 15 and Sept. 16. The observance was expanded in 1988 by Congress to a month long celebration (Sept. 15 — Oct. 15), effective the following year. America celebrates the culture and… Continue Reading

Migration Policy Institute – European Immigrants in the United States

European Immigrants in the United States, by Joseph Russell and Jeanne Batalova, Migration Policy Institute. July 2012 [ Stuart Basefsky] “Formerly the largest US immigrant group, European-born immigrants have seen their numbers decline in the United States over the past 50 years (notwithstanding a period of growth after the collapse of the Soviet Union). Though… Continue Reading

Mtefs and Fiscal Performance: Panel Data Evidence

Grigoli, Francesco, Mills, Zachary, Verhoeven, Marijn and Vlaicu, Razvan, Mtefs and Fiscal Performance: Panel Data Evidence (September 1, 2012). World Bank Policy Research Working Paper No. 6186. Available at SSRN “In the last two decades more than 120 countries have adopted a version of a Medium-Term Expenditure Framework (MTEF). These are budget institutions whose rationale… Continue Reading

Best Care at Lower Cost: The Path to Continuously Learning Health Care in America

Institute of Medicine: “America’s health care system has become far too complex and costly to continue business as usual. Pervasive inefficiencies, an inability to manage a rapidly deepening clinical knowledge base, and a reward system poorly focused on key patient needs, all hinder improvements in the safety and quality of care and threaten the nation’s… Continue Reading