Archive for Economics

Median Household Income Up, Poverty Rate Falls, and Health Insurance Coverage Rates Basically Unchanged

This information comes courtesy of the following reports: Income and Poverty in the United States: 2017 (income increased 1.8% over 2016 – this is the third year in a row of increases; poverty rates fell .4% – this is also the third consecutive year that this rate has fallen); and Health Insurance Coverage in the United States: 2017.

More statistical breakdowns are available in each report.

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China’s Economy

Here are some recent reports on the world’s second largest economy: Economic Survey of China (OECD); China’s Economic Rise: History, Trends, Challenges, and Implications for the United States (CRS); Moody’s Downgrades China Over Worries About Its Growing Debt The New York Times); China (IMF); China (World Bank);8 things you need to know about China’s economy (World Economic Forum); China (Council on Foreign Relations); China (Center for Strategic and International Studies); and China’s domestic politics and foreign policy (UK Parliament library).

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Background on Greek Debt Crisis

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Economic Crisis – April 2015 Update

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Economic Crisis – March 2015 Update

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Economic Crisis – February 2015 Update

Fiscal impetus and the Great Recession (Bureau of Labor Statistics).

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Fiscal Year 2016 Budget of the United States Government

This tome contains “…the President’s budget message, information on the President’s priorities, and summary tables….”(2)

 

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Economic Crisis – January 2015 Update

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Economic Crisis – December 2014 Update

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Economic Crisis – November 2014 Update

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New Jersey Per Capita Personal Income, 2011-2013

Did personal income rise or fall in New Jersey’s counties during 2011-13; how did the other 3,000 counties in the U.S. fare? That kind of data is presented in Local Area Personal Income, 2013. Every county or its equivalent is listed here along with the national and state level figures.

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Economic Crisis – October 2014 Update

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World Bank Report on the Economic Impact of the Ebola Outbreak

This World Bank report – The economic impact of the 2014 Ebola epidemic : short and medium term estimates for West Africa – estimates that $33 B will be lost through the end of 2015.

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Economic Crisis – September 2014 Update

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A Guide to Reverse Mortgages

What you need to know about these seemingly attractive mortgages from the Consumer Financial Protection Bureau.

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Economic Crisis – August 2014 Update

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Economic Crisis – July 2014 Update

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The State of New Jersey Pensions Since 2001

This report from the Center for State and Local Government Excellence – The Funding of State and Local Pensions: 2013-2017 – charts where the pension funds were in 2001 and where they are headed in the near-term. Look at page 11 to see the gradual diminution of three of New Jersey’s major pension funds.

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Economic Crisis – June 2014 Update

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Country Economic Appraisals – “OECD Economic Surveys”

“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)

 

 

 

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