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Daily Archives: January 19, 2015

Paper – Why Critics of Transparency Are Wrong

Gary D. Bass, Danielle Brian and Norman Eisen – “From political polarization to a failure of leadership to weak campaign finance laws, there are a number of perceived reasons as to why Congress fails to do its job.  But a growing chorus of political commentators, and even some prominent political scientists, now point to long-established transparency and accountability norms as impediments to getting things done on Capitol Hill. Executive Director of the Bauman Foundation Gary D. Bass, Executive Director of the Project On Government Oversight Danielle Brian, and Ambassador Norman Eisen counter the notion that transparency and open government efforts impede governing. Bass, Brian, and Eisen respond to the critics of transparent government and disabuse those who advocate a return to behind-closed-doors deal-making and smoke-filled rooms far from the public’s view. Despite the difficulties associated with added public scrutiny, transparency in government remains an essential force for keeping regulators honest, enhancing public safety, uncovering abuses of government, and revealing the fleecing of taxpayer money, these writers argue. The authors write that it’s more — not less — transparency that’s needed to solve the problems currently plaguing Washington. Open, transparent government operations remain the most powerful tool to combat government dysfunction and reinvigorate the public’s trust.”

New Working Papers – Bank for International Settlement

Working Papers: Global dollar credit: links to US monetary policy and leverage Secular stagnation, debt overhang and other rationales for sluggish growth, six years on Credit booms: implications for the public and the private sector Trilemmas and trade-offs: living with financial globalisation Understanding the role of debt in the financial system Continue Reading

Attorney General Holder Announces Updates to Justice Department Media Guidelines

“Attorney General Eric Holder announced [January 14, 2015] expanded revisions to the Justice Department’s policy regarding obtaining information from, or records of, members of the news media. The updated policy was announced via a memo by Attorney General Holder to all Justice Department employees . “These revised guidelines strike an appropriate balance between law enforcement’s… Continue Reading

Do Experts or Collective Intelligence Write with More Bias?

Do Experts or Collective Intelligence Write with More Bias? Evidence from Encyclopædia Britannica and Wikipedia. Shane Greenstein, Feng Zhu. Working Paper 15-023. October 10, 2014. “Britannica and Wikipedia are sources that aspire to provide comprehensive information. They both face similar challenges over the length, tone, and factual basis of controversial, unverifiable, and subjective content. Such… Continue Reading

Does income inequality hurt economic growth?

Focus on Inequality and Growth – OECD – December 2014. Directorate for Employment, Labour and Social Affairs. “Widespread increases in income inequality have raised concerns about their potential impact on our societies and economies. New OECD research shows that when income inequality rises, economic growth falls. One reason is that poorer members of society are… Continue Reading

NAL Unveils New Search Engine for Published USDA Research

“The National Agricultural Library (NAL) has unveiled PubAg, a user-friendly search engine that gives the public enhanced access to research published by U.S. Department of Agriculture (USDA) scientists. NAL is part of USDA’s Agricultural Research Service (ARS). PubAg, which can be found at PubAg.nal.usda.gov, is a new portal for literature searches and full-text access of… Continue Reading

The Financial Risk from Global Warming

Covington, Howard and Thamotheram, Raj, The Case for Forceful Stewardship (Part 1): The Financial Risk from Global Warming (January 19, 2015). Available for download at SSRN: http://ssrn.com/abstract=2551478 “If it reaches 4° or more, global warming may cause severe economic damage with the consequence that a significant portion of the value of a diversified equity investment… Continue Reading

Fear, Loathing, and the First Amendment

Redish, Martin H., Fear, Loathing, and the First Amendment: Optimistic Skepticism and the Theory of Free Expression (January 15, 2015). Ohio State Law Journal, Forthcoming; Northwestern Law & Econ Research Paper No. 15-02; Northwestern Public Law Research Paper No. 15-03. Available for download at SSRN: http://ssrn.com/abstract=2551482 “Communitarian free speech theories give out a siren call.… Continue Reading

Wealth: Having It All and Wanting More

Oxfam International Report: “Global wealth is increasingly concentrated in the hands of a small wealthy elite. These wealthy individuals have generated and sustained their vast riches through their interests and activities in a few important economic sectors, including finance and insurance and pharmaceuticals and healthcare. Companies from these sectors spend millions of dollars every year… Continue Reading

Second Annual Report on How Personal Technology is Changing our Lives

“Microsoft’s second annual survey of Internet users around the world, released here in advance of the World Economic Forum that is taking place this week in Davos, Switzerland, shows that fifteen years into the 21st century, Internet users still think overwhelmingly that personal technology is making the world better and more vital. Large majorities of… Continue Reading

International Security Advisory Board Report on U.S. – Russia Relations

“This is a report of the International Security Advisory Board (ISAB), a Federal Advisory Committee established to provide the Department of State with a continuing source of independent insight, advice and innovation on scientific, military, diplomatic, political, and public diplomacy aspects of arms control, disarmament, international security, and nonproliferation. The views expressed herein do not… Continue Reading