What Have We Learned About Austerity Since the Great Recession? (Center for American Progress); and After the Fall: Lessons for Policy Cooperation from the Global Crisis (IMF).
Archive for Business
Accompanied by charts, statistics, and analysis, The Global Ranking of the Publishing Industry 2014, traces the changing dynamics of the top ten publishers along with a look at the book industries in Brazil and China. It shows how the STM market is a real driving force in the profitability of certain publishers. Compare with: The World’s 56 Largest Book Publishers 2014 from Publishers Weekly; and EBook Publisher Power Rankings, First Quarter 2014.
“An Economic Survey is published every two years for each OECD member country and for some countries that are not OECD members, such as China, Russia and Brazil. There is also a separate Survey of the euro area.”(Introduction) Since the U.S. is part of the OECD, it is also reviewed every two years; the 2014 edition of the OECD Economic Survey of the United States has just been published. It is written according to a standardized structure – each survey starts off with an executive summary, followed by assessments and recommendations that are in turn followed up by thematic chapters. All of these writings are supplemented with numerous charts, tables, and data, some historical in nature. For those who do not want to read the entire U.S. report, there is a briefer overview online as well. Here is a list of the countries scrutinized; following each country’s link will bring you to overviews, past reports, and the ability to read the latest reports online (For every country, you will see a link to “Online Bookstore.” Click on that link and you will then see a highlighted “look inside” button that will lead you to the latest report.) What recommendations/assessments does the OECD have for this country? Here they are: “The economy is recovering; structural reforms, including comprehensive tax reform, can boost long-term growth; financial reform should be rolled out fully; labour market reform can boost employment; Americans are generally happy, although working families face rising pressures; making the best of new energy resources.” (Overview 6)
Wal Mart again the tops the list for 2014 with sales approaching half a trillion dollars with Exxon Mobil at number 2. (A note of transparency – we worked for many years for XOM; in fact, it was still called Esso back in the day. The stories we could tell!) You can sort by numerous industries, headquarters state (see how many companies are located in New Jersey) and by various business metrics various business. Company profiles accompany the list.
The Low-Wage Recovery (National Employment Law Project); Snapshot of older consumers and mortgage debt (Consumer Financial Protection Bureau); and The exit from non-conventional monetary policy: what challenges? (BIS).
LIBOR: Origins, Economics, Crisis, Scandal, and Reform (Federal Reserve, NY); The Prudential Regulation of Financial Institutions: Why Regulatory Responses to the Crisis Might Not Prove Sufficient (OECD); and Impact of the crisis on industrial relations and working conditions in Europe (Eurofound).
This report from the American Psychological Association – 2014 Work and Well-Being Survey - shows that “…only about half of employed adults believe their employers are open and upfront with them, about one-third say their employers are not always honest and truthful and almost a quarter say they don’t trust their employers.”(3) Throughout this document, comparisons are made to previous reports dating back to 2011. A very telling indicator is found on page 27 – Employee Engagement – which is characterized “… as a positive, fulfilling, work-related state of mind that is characterized by vigor, dedication and absorption.” Only 23.2% of respondents fell into the “high” or “very high” categories; 25.2% fell into the lowest two tiers; and 51.6% fell into the average ranking. Of all the named services polled, the top named service was “educational services”(47) Use these results against the 2014 Edelman Trust Barometer and read this excellent summary in Forbes. We also recommend 11 Habits of Highly Ineffective Managers from Inc.
OECD forecasts during and after the financial crisis: a post-mortem (OECD); Beige Book (Federal Reserve); Are the Long-Term Unemployed on the Margins of the Labor Market? (Brookings);and Dodd-Frank Act Stress Test 2014 (Federal Reserve).
The Long-Term Unemployed in the Wake of the Great Recession (Carsey Institute).
We hear all the time about how United States taxes, especially for business, are onerous on companies. Before we engage in that conversation, let us look at tax tables complied by Deloitte. Corporate Tax Rates 2014, Corporate Tax Rates 2010-2014, and Withholding Tax Rates 2014 for interest, dividends and royalties can be perused. The data is presented by country with explanatory sidebars where warranted.
Dynamics of Economic Well-Being: Poverty, 2009-2011 (Census Bureau); and Impact of the Great Recession on Retirement Trends in Industrialized Countries (Brookings).
Covering almost 600 profiles and reflecting 2012-2022 employment projections, the OOH also has incorporated numerous new job descriptions such as computer network architects, genetic counselors, information security analysts, web developers, and wind turbine technicians. To find out what information is given for each specialty, please go to Occupational Information Included in the OOH. Employment projections to 2022 can also be accessed online; articles discussing this process are available as well.
Options for Reducing the Deficit: 2014 to 2023 (Congressional Budget Office); Financial Institutions, the Market, and the Continuing Problem of Executive Compensation (University of Denver); and Impact of the Great Recession on Retirement Trends in Industrialized Countries (Brookings).
Text of Open Letter to President Obama From Eight Tech Companies Asking for Limitations on NSA Activities
Eight of the largest tech companies, normally adversaries in the business world, have banded together to present President Obama a set of reforms aimed at limiting the NSA incursions into private personal data. The letter states: “While the undersigned companies understand that governments need to take action to protect their citizens’ safety and security, we strongly believe that current laws and practices need to be reformed.” It goes on to list five reform principles that should guide data gathering, including respecting the free flow of information(#4). These reforms mirror legislation introduced in Congress – USA Freedom Act (its actual title is the mind-numbing “Uniting and Strengthening America by Fulfilling Rights and Ending Eavesdropping, Dragnet-collection, and Online Monitoring Act”). More information is available at three sites providing extensive coverage of the entire NSA scandal: The Guardian; The Washington Post; and The New York Times. Also, the Electronic Frontier Foundation has an informative site along with a detailed and current timeline; the Electronic Privacy Information Center has a great deal of information as well.
Beige Book — October 16, 2013 (Federal Reserve); Never Saw It Coming: Why The Financial Crisis Took Economists By Surprise (Foreign Affairs); Sovereign Debt in Advanced Economies: Overview and Issues for Congress (CRS); Well-being and the global financial crisis (OECD); Impacts and Costs of the October 2013 Federal Government Shutdown (OMB); Rescuing the Recovery: Prospects and Policies for the United States (Levy Economics Institute, Bard College); and Home Value and Homeownership Rates: Recession and Post-Recession Comparisons From 2007-2009 to 2010-2012 (Census Bureau).
How Economic Insecurity in Children Changed Over the Course of the Great Recession: Fact Sheet (Urban Institute); Impact of 2008 global economic crisis on suicide: time trend study in 54 countries (British Medical Journal); Global Financial Stability Report: Transition Challenges to Stability (IMF); and Five years on: The European economic crisis leaves a legacy of poverty (International Red Cross and Red Crescent Societies).
Minimum wage debates at both state and federal levels are nothing new here. But what about minimum wages in the European Union countries? Does the EU have a standard rate crossing all countries and sectors? The answer is no; each country sets its own minimum levels. Buried on pages 23-24 of this draft report – A coordinated EU minimum wage policy? – are the minimum monthly wage levels and median monthly wage levels for all the EU countries for 2009 and 2010. (The countries are listed by their EU abbreviations; a list is available .) The figures must be used with caution as the data come from various sources and legislation, but they do allow for some comparative analysis. (A lengthier explanation is contained in the previous pages of this report; see especially p.22 for a succinct overview.)
One of the ways employers try to engage their employees is by offering some kind of flexibility in their work schedules. WorldatWork has just released its Survey on Workplace Flexibility 2013 that shows how prevalent this practice is. More than 80% of companies offer telework, or flex time, or part-time schedules (5) with larger companies offering a greater variety of arrangements. Compressed workweeks (the same amount of work in less than five days) are offered in 43% of companies (8). The executive summary on pages 5-10 offers a succinct distillation of the 46 informative tables that follow.
Five Years After the Crash: What Americans Think about Wall Street, Banks, Business, and Free Enterprise (American Enterprise Institute); The Financial Crisis Five Years Later: Response, Reform, and Progress In Charts (U.S. Treasury Dept); Striking it Richer: The Evolution of Top Incomes in the United States (UC Berkeley); Living Below the Line: Economic Insecurity and America’s Families (Wider Opportunities for Women); Rebuilding Household Wealth: Implications for Economic Recovery (CRS); Financial Planning Profiles of American Households: The 2013 Household Financial Planning Survey and Index (Consumer Federation of America); Financial Crisis: Five Years Later (White House); and Bibliography of the Global Financial / Economic Crisis (European University Institute Library).
The Databook on International Labour Statistics from the Japan Institute for Labour Policy and Training contains over 140 tables on a wide variety of socioeconomic topics. The figures focus mainly on industrialized economies; i.e., Sweden, Japan, United States, Brazil, India, etc. This can be supplemented by using Charting International Labor Statistics from the Bureau of Labor Statistics; and Labordoc from the International Labour Organization.