-
The United States continues to run an international trade surplus in services, but business stories frequently appear about service-sector jobs moving offshore. Many Americans are particularly concerned about the loss of skilled, well-paid jobs in such fields as computer programming and accounting. These jobs seemed relatively secure at a time when many manufacturing jobs were being lost to import competition. Similarly, telephone call centers, once viewed as an economic development opportunity in some areas, increasingly are moving to low-wage countries, such as India and the Philippines. Reflecting this growing concern, some members of Congress and state legislators have focused attention on the offshoring of service jobs and production, even introducing legislation to limit the outso...
-
DUBLIN -- Research and Markets (http://www.researchandmarkets.com/research/aa5592/oecd_factbook_2009) has announced the addition of the "OECD Factbook...
-
The financial crisis of 2007 has brought into sharper focus a set of rising global financial actors-the sovereign investors. In the form of sovereign wealth funds ("SWFs"), sovereigns have become an important player in the global financial market and its stability. Over the last decade, SWFs became more visible and more aggressive in the scope and form of their interventions in global finance. State-owned enterprises began to operate indirectly through subordinate legal persons that operate like privately held multinational corporations. In this new form, sovereigns are becoming a more significant presence in global markets, as owners as well as investors. More importantly, sovereign owners have begun to coordinate their economic activities for economic and sovereign goals. Consequently...
..., memorialized in domestic law and policy, was grounded in the idea that the state asserted ...The growing role of SWFs raises issues regarding the smooth functioning of financial mark...
-
Have you noticed that the dollar has gotten stronger since late April?
It may come as a surprise that amid all the sky-is-falling talk about U.S. government debt, the dollar has shed some of its weakness compared with a basket of world currencies. That's because investors around the globe have been more worried about how Europe will handle debt problems in countries such as Greece, Portugal, Spain and Italy than about monetary and economic policy issues in Washington.
-
By John W. O'Hagan. Cheltenham, UK: Edward Elgar, 1998; Pp. xiii, 232. $80.00.
The field of cultural economics may be the smallest of the specializa...
-
The U.S. Environmental Protection Agency (EPA) established the Clean Air Act Advisory Committee (CAAAC) on November 19, 1990, to provide independent advice and counsel to EPA on policy issues associated with implementation of the Clean Air Act of 1990. The Committee advises on economic, environmental, technical, scientific and enforcement policy issues. Dates & Addresses: Open meeting notice; Pursuant to 5 U.S.C. App. 2 Section 10(a)(2), notice is hereby given that the Clean Air Act Advisory Committee will hold its next open meeting on April 25, 2012 from 8 a.m. to 3:45 p.m. at the Holiday Inn in Old Town Alexandria located at 625 1st Street, Alexandria, VA 22314. Seating will be available on a first come, first served basis. The Permits, New Source Review and Toxics Subcommittee an...
-
The two papers in a conference session on systemic issues in the federal funds market are discussed. The first paper, by Adam Ashcraft of the Federal Reserve Bank of New York and Darrell Duffie of Stanford University, explored whether trading frictions in the fed funds market affect the reallocation of excess reserves to banks requiring funds to complete their payments. The paper found that fed funds trading is driven partially by individual banks' precautionary targeting of balances, and that this targeting contributes to systemic stability. The second paper, by Morten Bech of the New York Fed, Walter Beyeler and Robert Glass of Sandia National Laboratories, and Kimmo Soramaki of the European Central Bank, analyzed the network structure of interbank payments and developed a model for a...
-
Byline: Richard Nangle
WORCESTER - With the election less than two weeks away, mayoral hopeful Frederick C. Rushton has released another wide-rangin...
-
As director of policy research for the nonprofit Commonwealth Foundation for Public Policy Alternatives, Nathan A. Benefield has researched and written on issues ranging from taxes and government spending to health care policy and economic development. He frequently has testified before Pennsylvania House and Senate committees on issues such as the state budget, transportation funding, privatization and education.
We spoke by telephone Tuesday as Gov. Tom Corbett prepared to unveil a budget next week that some say should not include funding for Pennsylvania's Film Tax Credit.
-
Jack Spencer specializes in domestic and global nuclear energy issues at The Heritage Foundation, a Washington, D.C., research institute. He studies and writes about nuclear waste management, technological advances, industry subsidies and international approaches to nuclear power. As part of Heritage's Roe Institute for Economic Policy Studies, he also researches industry regulation, proliferation issues, the global energy market and national security uses for nuclear power.
We spoke by phone Tuesday amid reports of a breach in the primary containment structure at one of the stricken Japanese reactors.