Daily Policy Digest
Economic Issues
| No, This Is Not a Housing Recovery Concerns over future interest rates, a large cohort of phantom housing and troubling historical patterns suggest that housing prices are likely to continue to decline before a real recovery is realized... |
| How to Think about Inequality About half of those in the bottom income quintile in 1999 had moved to a higher income group by 2005... |
| Are Two Heads Better than One? Evidence from the Thrift Crisis A new study's findings corroborate recent evidence that manager-dominated firms resist shareholder pressure to adopt riskier investment strategies to exploit underpriced deposit insurance... |
| Government Spending and Private Activity On balance, government spending does not appear to stimulate private activity... |
| Canada Eliminates Penny that Costs Penny-and-a-Half to Make It costs the Canadian government 1.6 cents to produce one penny... |
| Increasing Mobility in Southeast Florida Between 2015 and 2035, Southeast Florida transportation agencies plan to spend $58 billion on improving the region's roadways and transit, yet regional planners project that rush hour speeds will be 20 percent slower than they are today... |
| Low Interest Rates Put Cash in Americans' Pockets Americans spent 5.8 percent of their after-tax income paying interest on mortgages, credit cards, car loans and other debt -- the smallest share since 1977 -- according to the latest data from the Bureau of Economic Analysis... |
| Road Congestion Wastes 1.9 Billion Gallons of Gas As Americans pay about $4 per gallon for gasoline, they're wasting 1.9 billion gallons of it annually in traffic on congested roads... |
| The Investor's Case against the Mortgage Settlement Mortgage-backed securities investors are upset after details on the $25 billion national mortgage settlement emerged recently... |
| Importing China's Economic Model Seventy percent of all net profits made by China's centrally-owned enterprises in 2009 came from only 10 companies that had been bestowed heavy market advantages by the state... |
