At a time when unemployment is skyrocketing and the economy is dwindling, I can’t help but be filled with the smallest amount of joy and hope when I see the government making changes that will actually benefit the public instead of harming them. On March 9th, Governor Martin O’Malley of Maryland submitted to the Administrative … Continue reading
Category Archives: Economy
Economic Daily Outlook
TUESDAY, MARCH 13, 2012 ECONOMICS: Fed seen biding time, assessing jobs gains http://www.reuters.com/article/2012/03/13/us-usa-fed-idUSBRE82C09D20120313 The Federal Reserve on Tuesday is expected to hold a steady course on monetary policy, acknowledging a mildly brighter economic outlook while refraining from any suggestion that further easing is now off the table. Indeed, the central bank, sifting through conflicting … Continue reading
Economic Daily Outlook
MONDAY, MARCH 12, 2012 ECONOMICS: Latest Stress Tests Are Expected to Show Progress at Most Banks http://www.nytimes.com/2012/03/12/business/new-stress-tests-expected-to-show-progress-at-most-banks.html In another milestone in the banking industry’s recovery from the financial crisis, the Federal Reserve this week will release the results of its latest stress tests, which are expected to show broadly improved balance sheets at most … Continue reading
Positive job growth needs growth agenda
Payroll employment rose by 227,000 jobs in February with the unemployment rate remaining flat at 8.3 percent, according to the report released by the Bureau of Labor Statistics this morning. This growth is good yet so much is still uncertain. The United States is still far from reaching the same level of employment it once … Continue reading
America / Economy / Fiscal policy / Politics / Tax / U.S. Domestic Policy
Weekly Graphic: The Tax Burden
The fight over income inequality and a fair tax code has dominated the recent political debate. The White House, along with all the GOP presidential candidates, and every think tank in Washington has submitted their blueprint of what a reformed tax code should look like. Obama’s tax plan focuses on eliminating distortions and loopholes and … Continue reading
Economic Daily Outlook
FRIDAY, MARCH 9, 2012 ECONOMICS: OPINION: The Merits of a Corporate Tax Overhaul Laura D’Andrea Tyson http://economix.blogs.nytimes.com/2012/03/09/the-merits-of-a-corporate-tax-overhaul/ Corporate tax reform is not usually a major issue in a presidential campaign, but it may be this year. President Obama has introduced a bold framework for a business tax overhaul. His framework is already under attack from … Continue reading
Trim the fat! Just not my fat
By Will Portman According to a recent Gallup poll, 76% of Americans think that most members of Congress don’t deserve to be re-elected. The same poll, however, showed that a majority of Americans, 53%, think that their representative does deserve to be re-elected. The mentality seems to be something along the lines of, “Throw the bums out! Just not … Continue reading
Economic Daily Outlook
THURSDAY, MARCH 8, 2012 ECONOMICS: ‘Sterilized’ Bond Buying an Option in Fed Arsenal http://online.wsj.com/article/SB10001424052970204276304577265803925182234.html Federal Reserve officials are considering a new type of bond-buying program designed to subdue worries about future inflation if they decide to take new steps to boost the economy in the months ahead. Under the new approach, the Fed would … Continue reading
Kirk and trade: agenda has #biwinning potential
U.S. Trade Representative Ron Kirk appeared before lawmakers today to discuss a loaded trade agenda. Hoping to build on recently passed, very long overdue free-trade agreements with Colombia, Panama, and South Korea, Kirk discussed implementation of those agreements and continued efforts to increase exports and create jobs. Senators questioned Kirk on a range of trade … Continue reading
Economic Daily Outlook
WEDNESDAY, MARCH 7, 2012 ECONOMICS: Young Adults See Their Pay Decline http://online.wsj.com/article/SB10001424052970204276304577265510046126438.html Young people entering the job market are taking the brunt of the downward pressure on wages caused by high unemployment, according to a new analysis of pay trends. In data compiled for a coming report, the Economic Policy Institute, a center-left think … Continue reading
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