A May report by the [Hamilton Project at] Brookings Institution found: “There is nearly a 70 percent chance that an African American man without a high school diploma will be imprisoned by his mid-thirties.”
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The Federal Reserve Board of Governors recently warned of the possibility of excesses in asset markets but concluded that, at least for now, if there is a need to act it will not be done by raising interest rates but by relying on "macroprudential" policy tools to reduce systemic risk.
"Disillusionment with Washington has rarely run higher. Congress is unable to act even in areas where there is widespread agreement that new measures are necessary, such as immigration, infrastructure and business tax reform. Barack Obama’s administration is condemned as ineffectual with respect to both domestic and foreign policy..."
In June, the Hamilton Project released a free e-book, Policies to Address Poverty in America, edited by Melissa S. Kearney and Benjamin H. Harris. In July, Ryan's House Budget Committee put out a “discussion draft,” Expanding Opportunity in America. Each represents a serious, broad attempt to improve anti-poverty policy.
Advisory Council member Peter Orszag explores the argument that more expensive hospitals provide better care, looking at new research that suggests otherwise.
The good news about health-care spending continues. In the first nine months of this fiscal year, Medicare spending increased only 1.2 percent in nominal terms, and for 2014, it's now projected to be $1,000 lower per beneficiary than the Congressional Budget Office said it would be as recently as 2010. Even the Medicare trustees are starting to recognize that something big may be happening.
The Daily Caller discusses The Hamilton Project's "jobs gap" analysis and other trends in the labor market.
The U.S. economy would need to add 5.7 million jobs in order to return to pre-recession employment levels, according to the latest report from the Hamilton Project.
Miami public schools consider later start times for high school students. The Miami-Herald looks at Hamilton Project paper on school reforms.
Still, though delaying start times could have tradeoffs, supporters say having a well-rested student body is more important. A 2011 [Hamilton Project at] Brookings Institute report on the matter, estimating the ratio of benefits to costs at 9 to 1, recommended the change.
Dionne Searcey of The New York Times looks at the latest jobs report, and discusses the "jobs gap" as calcuated by The Hamilton Project.
The Hamilton Project, a Washington group affiliated with the Brookings Institution, calculated that the economy had a “jobs gap” at the end of July of 5.7 million jobs, the number needed to return to prerecession employment levels while absorbing the people who enter the labor force each month.
Hamilton Project Advisory Council member Roger Altman discusses Federal Reserve monetary policy and the U.S. economy on “In The Loop.”
In a blog post for The Huffington Post, Rep. John Conyers discusses decline in jobs and infrastructure, and quotes The Hamilton Project's jobs gap.
America's most serious deficit -- our jobs deficit -- stands at more than 6.8 million. This summer, the nonpartisan Hamilton Project at the Brookings Institution calculated that it would take 6.8 million jobs just to bring us back to pre-recession employment levels accounting for the new adult entrants to the labor market. Even according to optimistic projections, it would take us until 2018 to close this gap. This deficit is more than just an economic challenge: It translates into lost homes and health care as well as crushing anxiety and dimmer lifelong career prospects. Our jobs deficit hurts not only the unemployed but also low-wage and middle-wage workers who, in times of high unemployment, lack the bargaining power needed to secure a good income.
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Hamilton Project Updates
A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.