Bloomberg View • January 26, 2015 • Peter R. Orzag
On The Record Spotlight
Biz News • January 25, 2015
The Advertiser • January 24, 2015 • John Kennedy
McKinsey & Company • January 22, 2015 • Laura D'Andrea Tyson
The New York Times • January 22, 2015 • Jenny Anderson
NDTV • January 22, 2015
Vox • January 21, 2015 • Sarah Kliff
NPR-Marketplace • January 21, 2015 • Nancy Marshall-Genzer
CNBC • January 21, 2015 • Matthew J. Belvedere
NextGen Climate • January 20, 2015 • Tom Steyer
The Huffington Post • January 20, 2015 • Bob Greenstein
Shreveport Times • January 20, 2015 • John Kennedy
Vox • January 18, 2015 • Brad Plumer
If power plants had to internalize all these social costs, then sources like wind, solar, or even nuclear power would be far more competitive — as this 2012 paper by economists Michael Greenstone and Adam Looney explained. (One way to do that might be through a carbon tax on fossil fuels.)
Center for American Progress • January 15, 2015 • Lawrence Summers and Ed Balls
“…Our report is about embracing the new economic opportunities of the 21st century by finding ways to ensure they serve the vast majority of society. In previous eras, political institutions have responded to economic transformations to ensure prosperity is shared: the New Deal in the United States and the European social welfare state; the “third-way” politics of putting people first of Clinton and Blair by investing in people and reforming institutions…”
Bloomberg View • January 12, 2015 • Peter Orszag
PBS Newshour • January 10, 2015
Center for American Progress • January 8, 2015 • Michael Madowitz and Danielle Corley
The Chronicle of Higher Education • January 7, 2015 • Lance Lambert
Student-loan payments are the bane of many new graduates. A recent analysis by the Brookings Institution explains why: The typical new graduate is likely to devote 14 percent of his or her paycheck to student loans. That’s about half of what the average American spends on housing each month.
Center on Budget and Policy Priorities • January 7, 2015 • Robert Greenstein
"While political leaders often stretch the truth to make their case, they usually don’t claim the opposite of the truth. That, however, is essentially what Republican congressional leaders are doing by claiming that a measure before the House tomorrow to alter a provision of health reform will safeguard the 40-hour work week and thereby protect workers. House Ways and Means Chairman Paul Ryan claims in today’s USA Today, for example, that the bill will enable “more people [to] work full time.” In fact, it clearly will do just the opposite..."
Water Technology • January 6, 2015
"...The severe drought in Western parts of the U.S. has called national attention to U.S. water resources. The current drought in California has cost the state billions of dollars in economic losses, and businesses across the nation report substantial concerns over water supplies. The Hamilton Project, using newly released data, presents an economic analysis and accompanying interactive feature to illustrate the variation in the level and nature of water use across the nation..."
Sen. Bob Hertzberg, Edward Kleinbard and Laura Tyson: California tax reform should reflect shift to service economy
San Jose Mercury News • January 6, 2015 • Sen. Bob Hertzberg, Edward Kleinbard and Laura Tyson
The Atlantic • January 5, 2015 • David Frum
MarketPlace • January 5, 2015 • Scott Tong
Daily Kos • January 4, 2015 • Jon Perr
"...The destructive austerity policies of state and local governments created an "anti-stimulus," with layoffs of public sector workers and cuts to spending that only served to undermine the gains from ARRA (see the second chart above). By May 2013, the Hamilton Project estimated those austerity policies cost 2.2 American million jobs and resulted in the slowest recovery since World War II.
The Financial Times • January 4, 2015 • Lawrence Summers
The Huffington Post • December 29, 2014 • Lauren-Brooke Eisen
The Brookings Institution’s Hamilton Project also shed light on the country’s $80 billion a year in direct corrections expenses in a recent report. And, more than a million people viewed the VlogBrothers’ four-minute video focusing on how the war on crime is failed policy and that, “It’s cruel, it’s shortsighted, and to continue this policy of mass incarceration would be foolish. We’re living inside of a massive $75 billion per year failed experiment.
Project Sundicate • December 29, 2014 • Laura Tyson and Lenny Mendonca
Quartz • December 26, 2014 • Phil Schneider
"...A recent study by Melissa Kearney, University of Maryland economics professor and director of the Brookings Institution’s Hamilton Project, showed a powerful connection linking 16 and Pregnant and Teen Mom with a plunging birth rate for teenage women in the US..."
Wall Street Journal • December 25, 2014 • Robert E. Rubin and Nicholas Turner
Washington Post • December 24, 2014 • Melissa Kearney
The figure below, reproduced from a document prepared by The Hamilton Project, shows how the tax and transfer system changes the distribution of income for working-age families with children. The effect of the tax and transfer system is to expand the middle class by reducing the number of families located at either end of the income distribution and raising the number of families in the middle range.
The Daily Beast • December 23, 2014 • Peter Orszag
"Between August 13 and September 4, 2002, the Oakland Athletics baseball team didn’t lose a single time. For twenty consecutive games—an American League record—a team of misfits and overlooked talent dominated Major League Baseball like never before. And they did so, incredibly, on a budget of just $40 million—less than a third that of the league’s richest teams..."
Wall Street Journal • December 23, 2014 • Alan S. Blinder
"Maybe someone should launch a reality show called “Bankers Behaving Badly.” Because too many of them are. That’s the conclusion of William Dudley , president of the Federal Reserve Bank of New York, one of America’s most powerful financial regulators and (full disclosure) a friend..."
The Economist • December 20, 2014
Governing The States and Localities • December 18, 2014 • Heather Kerrigan
Overall, the year was a mixed bag on the job front. In January, state and local governments shed 19,000 jobs; in September, they added 22,000; and in November, they only added 2,000 jobs. Most of the hiring is happening in public safety and education; in fact, a majority of the November jobs are seasonal education employees. According to a September report by the Hamilton Project, an economic policy initiative at the Brookings Institute, the public sector (including the federal sector) needs to add 1.6 million jobs to reach pre-recession employment levels. But, excluding December, state and local governments added barely over 100,000 jobs in 2014.
Business Insider • December 18, 2014
CNBC • December 17, 2014
Vox • December 16, 2014 • Dylan Matthews
New York Times • December 15, 2014 • Clair Cain Miller
Deseret News • December 15, 2014 • Amy Joi O'Donoghue
Utah's rate of 248 gallons of water per person, like other Western states, is linked to high outdoor use of potable or drinking water, and the region's dry climate. An analysis by the Brookings Institution's Hamilton Project shows Utah second to Idaho at 167 gallons per capita in domestic water use.
Big Think • December 11, 2014
Vox, CEPR's Policy Portal • December 11, 2014 • Lant Pritchett and Lawrence H. Summers
Silicon Beat • December 10, 2014 • Levi Sumagaysay
Bloomberg View • December 10, 2014 • Peter Orszag
Thanks to the spending bill that House and Senate leaders have negotiated, the federal government will avoid a shutdown. And that's great. Unfortunately, though, that’s the highest praise that can be attached to the deal.
Indeed, the agreement highlights three fundamental problems.
CBS MoneyWatch • December 9, 2014 • Lynn O'Shaughnessy
But that may be the wrong way to think about it. A new study by the Brookings Institution suggests that focusing on starting salary can be misleading because many new grads see a rapid rise in pay -- a median hike of 65 percent -- in their first five years of employment. Much of that increase comes from graduates getting full-time employment and switching jobs as they look to advance their careers. In only a handful of college majors do earnings grow less than 25 percent over the first five years after a grad starts working.
New York Times - DealBook • December 9, 2014 • Michael J. de la Merced
Over all, the current fortunes of these independent firms is a decided contrast from 20 years ago, when banks like Evercore Partners and Greenhill & Company were setting up. Persuading big companies to trust smaller mergers advisers, even ones with brand-name talent, was “damn hard,” said Roger Altman, a co-founder and the chairman of Evercore.
The Red & Black • December 9, 2014 • Mollie Simon
"...The Hamilton Project, an economic policy initiative at the Brookings Institution, recently released a calculator that shows the percent of monthly income individuals will need to dedicate in order to repay their student loans, depending on their undergraduate major..."
The Heritage Foundation • December 8, 2014 • Lindsey Burke
Citations include: Robert Gordon, Thomas J. Kane, and Douglas O. Staiger, “Identifying Effective Teachers Using Performance on the Job,” Brookings Institution, The Hamilton Project, White Paper No. 2006-01, April 2006, http://www.oest.oas.org/iten/documentos/Investigacion/Teacher%20effectiveness%202006.pdf (accessed December 5, 2014).
Washington Examiner • December 8, 2014 • Joseph Lawler
An analysis conducted by researchers at the Hamilton Project, a left-of-center think tank, found that a person who entered college in 1980 could expect to earn about $260,000 more over the course of his life than someone who only earned a high school degree. Adjusted for inflation, that amount has risen to more than $450,000 for someone starting college in 2010.
Financial Times • December 7, 2014 • Lawrence Summers
Fortune • December 4, 2014
Center for American Progress • December 4, 2014 • Michael Madowitz and Jackie Odum
TIME • December 4, 2014 • Martha C. White
Homeland Security News Wire • December 3, 2014
Policymakers Often Overstate Marginal Tax Rates for Lower-Income Workers and Gloss Over Tough Trade-Offs in Reducing Them
Center on Budget and Policy Priorities • December 3, 2014 • Sharon Parrott and Robert Greenstein
Business Insider • December 2, 2014 • Libby Kane
El Comercio Tecnologia • December 2, 2014
Project Syndicate • November 30, 2014 • Laura Tyson
New Haven Register • November 29, 2014 • Kate Ramunni
CATO Institute • November 26, 2014 • Don Peck
Water Online • November 24, 2014 • Sara Jerome
MarketPlace • November 24, 2014 • Dan Weissmann
NPR • November 24, 2014 • Shankar Vedantam
Yahoo Finance • November 21, 2014 • Mandi Woodruff
MarketPlace • November 21, 2014 • Tony Wagner and Tobin Low
Quartz • November 21, 2014 • Max Nisen
The Atlantic • November 21, 2014 • Gillian B. White
Credit Union National Association • November 20, 2014
Washington Post - Wonkblog • November 20, 2014 • Danielle Douglas-Gabriel
Daily Nebraskan • November 20, 2014 • Tegan Colton
New York Times - The Upshot • November 20, 2014 • David Leonhardt
International Business TImes • November 20, 2014 • Lora Moftah
Washington Post • November 20, 2014 • Alice Rivlin
Nola.com • November 20, 2014 • Jed Lipinski
Homeland Security News Wire • November 18, 2014
The Washington Post • November 18, 2014 • Lori Montgomery
Scientific American • November 17, 2014 • Nathanael Massey
Takepart • November 17, 2014 • Todd Woody
BBC NEws • November 11, 2014
Stanford News • November 10, 2014 • Rob Jordan
Newser • November 10, 2014 • Jenn Gidman
Water Technology • November 10, 2014
Just Means • November 10, 2014 • RP Siegel
Center for American Progress • November 6, 2014 • Michael Madowitz and Jackie Odum
Harvard Political Review • November 4, 2014 • Farris Peale
Forbes • November 4, 2014 • Howard Gleckman
Benefits Pro • November 4, 2014 • Nick Thornton
Mashable • November 3, 2014 • Katie Sola
PolitiFact Rhode Island • November 1, 2014 • Alex Kuffner
Vox • October 31, 2014 • Brad Plumer
The Energy Collective • October 30, 2014 • Roman Kilisek
Owatonna People's Press • October 28, 2014 • Kim Hyatt
Market Watch • October 28, 2014 • Steve Goldstein
Washington Post • October 28, 2014 • Tina Griego
Sheldon Whitehouse • October 28, 2014
Modern Ghana • October 26, 2014
HNGN • October 25, 2014 • Taylor Tyler
NCPA • October 24, 2014
New Republic • October 23, 2014 • Rebecca Leber
The Wall Street Journal • October 23, 2014 • Robert Glennon and Gary Libecap
Maven's Notebook • October 22, 2014
Recently On the Record
“The Department of Health and Human Services' action today to set a timetable for moving Medicare away from fee-for-service payments is commendable and timely. Secretary Sylvia Burwell's goals are nice and specific, too: Thirty percent of Medicare’s payments are to be value-based by the end of 2016, and 50 percent by the end of 2018.”
“After attending a session on the major issues arising out of WEF this year, Alec managed to grab a few minutes of U.C. Berkeley Professor Laura Tyson’s time to have a chat about economic growth. Tyson mentioned that most discussion that she has witnessed taking place surrounding growth at Davos this year has been more a focus of how it can be expanded, as opposed to who it should include. ”
“The Hamilton Project, an arm of the Brookings Institution, crunched the numbers last year on what a college degree is worth. Not surprisingly, a degree in chemical engineering is more of a moneymaker than a drama degree. Also not surprisingly, any degree is better than no degree. The Hamilton Project’s conclusion: “Median earnings of bachelor’s degree graduates are higher than median earnings of high school graduates for all 80 majors studied.” For every successful college dropout like Bill Gates, there are a thousand other dropouts clocking in at minimum wage jobs and not making a living wage.”
“Women account for half of the global labor supply and about 70 percent of global consumption demand. Greater gender equality in educational and employment opportunities fosters faster, more inclusive growth, not only because women are half of the world’s population but also because they are more likely than men to invest in the human capital of their families.”
“Mr. Summers, who spoke on a panel about quantitative easing at the annual meeting of the World Economic Forum on Thursday morning, said that many of the elements that made stimulus measures in the United States a success, including the fact that they were not widely expected and that interest rates were higher, do not exist in Europe today.”
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A periodic newsletter of events, policy briefs, and working papers from The Hamilton Project.