Daily Policy Digest

Economic Issues

Will China's Composite Index Replace the Dow?

More than half of the top 20 investment banks and brokers measured by market capitalization now come from China...

Generous Welfare and Increasing Minimum Wage Decrease the Labor Force Participation Rate

With broader eligibility for government-provided food stamps, health care and disability benefits, it has become more advantageous for some people to stay home than to work...

Start-Ups are Essential for Vitalizing the Economy

Start-ups fell from 15 percent of all businesses in 1978 to 8 percent in 2011...

Despite What Obama Says, the Federal Debt Is Not Improving

The accumulation of debt should prevent federal policymakers from feeling any sense of accomplishment...

The Fed's Policy Can Be Effective with Low Long-Term Rates

The state of the economy, not the central bank, determines the real rate of return of investments, represented by an inflation-adjusted long-term rate...

Corporate Profits May Decline More in 2015

The first look at Q4 2014 corporate profits as published by the Bureau of Economic Analysis in the Gross Domestic Product (GDP) data shows that it declined slightly for 2014 as a whole...

Oil-Price Drop Is Hurting Recycling Companies

The fall in oil prices has dragged down the price of virgin plastic...

Franchise Reform Could Soon Boost Texas Economy

SB 7 cuts the franchise tax rate by 15 percent and expands eligibility for the "EZ" reporting, doubling the amount of revenue allowed to be reported on the "EZ" form from $10 million to $20 million...

The 114th Congress Has a Chance to Boost Innovation

Public policymakers, says the CBO, must "endeavor to promote innovation to compensate for that underinvestment."...

American Millenials Are Not Working

A recent Census Bureau study found more than 100 million Americans collecting a government check or benefit each month...


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