IMF Working Paper No. 14/143 – August 4, 2014: “Africa will account for 80 percent of the projected 4 billion increase in the global population by 2100. The accompanying increase in its working age population creates a window of opportunity, which if properly harnessed, can translate into higher growth and yield a demographic dividend. We quantify… Continue Reading
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Monthly Archives: August 2014
Nonmarital Births: An Overview
CRS – Nonmarital Births: An Overview. Carmen Solomon-Fears, Specialist in Social Policy. July 30, 2014 “In the United States, births to unmarried women (i.e., nonmarital births) are widespread, including families of varying income class, race, ethnicity, and geographic area. Many analysts attribute this to changed attitudes over many years about fertility and marriage. They find that many adult women… Continue Reading
“Womenomics” in Japan: In Brief
CRS – “Womenomics” in Japan: In Brief. Emma Chanlett-Avery, Specialist in Asian Affairs; Rebecca M. Nelson, Specialist in International Trade and Finance. August 1, 2014 “Confronted with decades of economic stagnation, strict immigration controls, and a rapidly aging population, Japanese Prime Minister Shinzo Abe has launched an ambitious plan—widely known as “Abenomics”—to restart Japan’s economy. The program has three main… Continue Reading
SIGAR – Afghanistan: Quarterly Report to the United States Congress
Special Inspector General for Afghanistan Reconstruction. Quarterly Report to the U.S. Congress. July 30, 2014 “This report summarizes SIGAR’s oversight work and updates developments in the three major sectors of Afghanistan’s reconstruction effort from April 1 to June 30, 2014. It also discusses whether the reconstruction is sustainable. During this reporting period, SIGAR published 30 audits, inspections, alert… Continue Reading
Formerly Manufacturing Entities – Piercing the ‘Patent Troll’ Veil
Osenga, Kristen Jakobsen, Formerly Manufacturing Entities — Piercing the ‘Patent Troll’ Veil (August 5, 2014). Connecticut Law Review, Forthcoming. Available at SSRN: http://ssrn.com/abstract=2476556 “Everyone hates patent trolls, those companies that “hijack somebody else’s idea” and use the patents to “extort some money” from companies that actually make things. But not all patent trolls are created equal.… Continue Reading
How Increasing Income Inequality Is Dampening U.S. Economic Growth, And Possible Ways To Change The Tide
S&P Capital IQ – ‘The topic of income inequality and its effects has been the subject of countless analysis stretching back generations and crossing geopolitical boundaries. Despite the tendency to speak about this issue in moral terms, the central questions are economic ones: Would the U.S. economy be better off with a narrower income gap?… Continue Reading
Becoming More Alike? Comparing Bank and Federal Reserve Stress Test Results
Beverly Hirtle, Anna Kovner, and Eric McKay – Federal Reserve Bank of New York “Stress tests have become an important method of assessing whether financial institutions have enough capital to operate in bad economic conditions. Under the provisions of the Dodd-Frank Act, both the Federal Reserve and large U.S. bank holding companies (BHCs) are required to do annual… Continue Reading
McKinsey – China’s digital transformation
“As individual companies adopt web technologies, they gain the ability to streamline everything from product development and supply-chain management to sales, marketing, and customer interactions. For China’s small enterprises, greater digitization provides an opportunity to boost their labor productivity, collaborate in new ways, and expand their reach via e-commerce. In fact, new applications of the Internet… Continue Reading
BIS Conference – Challenges from changing international financial conditions
Background – “On 22-23 May 2014 the BIS held a conference on “Challenges from changing international financial conditions”, the fifth under the auspices of the BIS Consultative Council for the Americas (CCA). It brought together researchers from the central banking community in the region and distinguished academics and was hosted by the Bank of the Republic (Colombia) in Bogotá. A… Continue Reading
IRS IG Audit Report – Affordable Care Act
Affordable Care Act: Accuracy of Responses to Exchange Requests for Income and Family Size Verification Information and Maximum Advance Premium Tax Credit Calculation. July 3, 2014, Reference Number: 2014-43-044. “As of March 31, 2014, the IRS received more than 27 million IFSV [Income and Family Size Verification] information requests and more than 11 million APTC requests. Our review of the… Continue Reading
GAO Report: TARP – Government’s Exposure to Ally Financial
TROUBLED ASSET RELIEF PROGRAM: Government’s Exposure to Ally Financial Lessens as Treasury’s Ownership Share Declines, GAO-14-698: Published: Aug 5, 2014. Publicly Released: Aug 5, 2014. “The Department of the Treasury (Treasury) reduced its ownership stake in Ally Financial Inc. (Ally Financial) from 74 percent in October 2013, to 16 percent as of June 30, 2014. As shown in… Continue Reading
Barack Obama’s Secret Terrorist-Tracking System, by the Numbers
Jeremy Scahill and Ryan Devereaux – The Intercept “Nearly half of the people on the U.S. government’s widely shared database of terrorist suspects are not connected to any known terrorist group, according to classified government documents obtained by The Intercept. Of the 680,000 people caught up in the government’s Terrorist Screening Database—a watchlist of “known or suspected terrorists” that is shared with… Continue Reading
