Daily Policy Digest

Economic Issues

Housing Bust Accounts For the Slow Economic Recovery

Bank lending in advanced economies quadrupled in the second half of the 20th century, from about 30 percent of GDP in 1945 to about 120 percent of GDP just before the 2008 global financial crisis...

Chinese Leaders' Choices between Aggression and Accommodation Are Important

GDP rankings demonstrate a large economy itself does not automatically translate into global political influence...

Welfare Reform Can Help The American Dream Get Out Of Crisis

Welfare reform seems to have succeeded in advancing parent incomes, increasing work among parents and reducing out of wedlock births to increase upward mobility...

Obama Gives Congress Much Work to Do to Offer a Better Budget

Obama's budget never balances. Even with $1.6 trillion in tax increases, the deficit will still grow to almost $700 billion at the end of the decade...

As Durable-Goods Orders Fall So Does the GDP

U.S. companies remain cautious about spending amid weak global demand and a strengthening dollar...

Retail Investors May Chase Oil at a Risk

After withdrawing $50 billion from commodities in 2013 and another $28 billion in 2014, passive investors pumped a net $9.5 billion into commodities through mid-March...

Longer Work Commutes Affect the Economy

Between 2000 and 2012, the number of jobs within the typical commute distance for residents in a major metro area fell by 7 percent. The number of jobs increased in only 29 of the nation's 96 largest metro areas...

Congress Should Balance the Budget

The budget is a critical tool in Congress' legislative arsenal to correct the current fiscal course...

Unions Can't Raise Wage But High Productivity Can

Walmart's U.S. operations, with around a million hourly employees, generate about $330 billion...

The Burden of Pension Costs on California Municipalities

A number of cities are spending more than 12 percent of total revenue on pension contributions...


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