"In the classic movie “All About Eve,” the iconic Bette Davis character warned everyone to “fasten your seat belts. It’s going to be a bumpy night.” In the strange world of federal budgeting, 2015 is shaping up to be a bumpy year. After two years of relative peace, Washington’s budget battles are set to resume..."
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Live tweets from @hamiltonproj that were sent during the "Future of Work" event featured.
"...A new paper from economists at the Hamilton Project at the Brookings Institution sums up the tension nicely: “As rapidly advancing computer power and automation technology change the nature of work and the future of the economy,” Melissa Kearney, Brad Hershbein and David Boddy write, “our nation will face new and pressing challenges about how to educate more people for the jobs of the future, how to foster creation of high-paying jobs and how to support those who struggle economically during the transition.”
"...The debate on whether to send weapons to aid Ukraine in its fight against Russia has also become a contested matter. Former Treasury secretary Larry Summers says it is more important for the U.S. to help Ukraine than it is to fight Russia. I caught up with the former Treasury secretary and head of the president's Council of Economic Advisers to talk Europe, the U.S. and Harvard, which is where he remains a professor..."
"Former Treasury Secretary Lawrence Summers says extraordinary economic conditions require extraordinary measures, and now is not the right time to raise interest rates."
"...Evidence of incarceration’s diminishing returns can be found outside of big data sets and regression models, too. It can also be found via a natural experiment. A report from the Brookings Institution’s Hamilton Project compared the prisoner releases from California’s realignment with similar releases in Italy, following clemency legislation passed by the Italian Parliament..."
"Former Clinton Deputy Treasury Secretary Roger Altman told CNBC on Thursday it's too early to know whether the Russia-Ukraine cease-fire agreement favors Moscow or Kiev..."
"...Our findings do not exist in a vacuum. A body of empirical research is slowly coalescing around the ineffectiveness of increased incarceration. Last year, the Hamilton Project issued a report calling incarceration a “classic case of diminishing returns,” based on findings from California and Italy. The National Research Council issued a hefty report last year, finding that crime was not the cause of mass incarceration..."
"...The biggest winner of all? Chemical engineering majors, according to a study from the Hamilton Project at the Brookings Institute. On average, over a lifetime, college graduates earn $1.19 million; high-school graduates earn $580,000. Chemical engineering majors, however, will earn more than $2 million over the course of a career..."
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Hamilton Project Updates
A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.