On The Record Spotlight

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The State of Public Employment in 2014

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.


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Peter Thiel’s 3 Keys for Building A Successful Startup


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20 charts that will fill you with guilt and regret


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As Robots Grow Smarter, American Workers Struggle to Keep Up


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Water world: Can a solution to Utah’s thirst be found?

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.


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Growth slowdowns: Middle-income trap vs. regression to the mean


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Quoted: Google’s Eric Schmidt On Fears About Artificial Intelligence


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Don’t Get Too Excited About the Budget Deal

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.


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Why repaying your student loan gets easier with time

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.


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Boutique Investment Banks Gain Prestige

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.


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Challenge of paying back debt varies widely by major and degree

"...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..."


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Reauthorizing No Child Left Behind: Four Recommendations to Advance Federalism in Education

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).


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$1.1 trillion student loan bubble? Not so fast

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.


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Crumbling infrastructure is a sign of lost collective faith


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The State of the U.S. Labor Market: Pre-December 2014 Jobs Release


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These College Majors Have the Hardest Time Paying Off Student Loans


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A solution to the U.S water problem: People who use more water, pay more


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Policymakers Often Overstate Marginal Tax Rates for Lower-Income Workers and Gloss Over Tough Trade-Offs in Reducing Them


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Llegamos a la infoesfera… y ahora, ¿qué hacemos?


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The Rising Costs of US Income Inequality


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Guilford weighs later start times for high school students


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Shoring up the Middle Class


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Drought: Weather or Economic Problem?


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The hidden dangers of low oil prices


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How Real Estate Markets May Affect the Birth Rate


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Awesome new student debt calculator is what every college student needs right now


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Gauging the crush college debt according to major


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The Economic Case Against Majoring in Fun Things


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Student Debt Payments: Major Matters


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Why a college degree shouldn’t be a commodity


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COLTON: Even if you’re an English major, college is worth the cost


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Student Debt: A Calculator Focused on College Majors


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Immigration Reform 2014: Obama’s Potential Expansion of Immigration Could Benefit Older Workers


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People who wanted market-driven health care now have it in the Affordable Care Act


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Online calculator reveals average student loan debt for 80 college majors


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Homeland Security News Wire


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Why Larry Summers sees danger ahead for the economy


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How to Make the Clean Power Plan Affordable


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Four Maps That Show Where America’s Biggest Water Users Live


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Water sector ripe for innovation and investment, finds Stanford-led report


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We’ve Overlooked a Major Student-Debt Problem


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The Hamilton Project evaluates differences in U.S. water use


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US Water Consumption Lowest in Decades


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The State of the U.S. Labor Market: Pre-November 2014 Jobs Release


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Could Republicans Help End Mass Incarceration?


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Will Retirees Come to Love Longevity Annuities?


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DOL urged to reform annuity safe harbors


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California’s water innovation problem


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David Cicilline says U.S. has third-lowest minimum wage among developed countries


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Water Trading: Studies Call for Market-based Water Use System3


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Owatonna High School pushes post-secondary readiness during College Application Week


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No, there won’t be a millennial ‘lost generation,’ analysts say


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The economic case for mentoring disadvantaged youth


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The West Needs a Water Market to Fight Drought


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Gov. Jerry Brown addresses drought conference at Stanford on Monday


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Democrats and Republicans unite in calls to rebuild US penal system


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Mining still thrives in bone dry, drought-stricken West


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The Story of California Water According to Jerry Brown


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Water ‘Not a Political Game’ Says California Governor


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Huntington Ingalls chief touts value of preschool


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One Troubling Chart Reveals the Harsh Truth About Inequality in America


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Confronting the West’s Water Crisis


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Miss. locks up more per capita than China and Russia


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Jerry Brown takes the long view on water


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California drought: Gov. Jerry Brown touts water bond measure at Stanford summit


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Gov. Brown: California Should Lead the Way With Water Policies


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Governor Brown: California needs long-term vision on water


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Gov. Jerry Brown touts decades of experience on water policy


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Think Tanks: Obama sides with Amazon against workers


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AM Alert: Jerry Brown dives into water policy at Stanford University


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Business, Finance Leaders Address U.S. Water Policy


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These maps of water use show why the Western US is in trouble


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The Forgotten Poor: More Children Living in Extreme Poverty


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The West is bone dry. Here’s how to help


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Private Companies Are Driving China’s Growth


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The Risks of Cheap Water


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How Uber and the Sharing Economy Can Win Over Regulations


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EPA readies major ozone rule change


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What Would Milton Friedman Do About Climate Change? Tax Carbon


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13 charts that explain why your college major matters


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What Tattoos Tell Us About the Economy


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Should some college students rethink their majors?


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Why public investment really is a free lunch


Recently On the Record

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The State of Public Employment in 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.

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Peter Thiel’s 3 Keys for Building A Successful Startup

Business Insider • December 18, 2014

“Billionaire Peter Thiel, widely known as one of the founders of PayPal, is perhaps most strongly influenced by his experience as a professional chess player. In his book "Zero to One: Notes on Startups, or How To Build the Future," he outlines his theory on "last mover advantage." ”

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Markets rule, ‘Russia is on its knees’: Altman

CNBC • December 17, 2014

“Russia considers itself a global superpower, but it is looking small compared to the power of the global capital markets, Evercore Partners' Roger Altman told CNBC on Wednesday. What Russia's currency crisis has exposed is how profoundly weak the country has become, the investment bank's founder and executive chairman said on "Squawk Box." The commodity-centered economy now faces massive financial flight, a lack of meaningful foreign investment and highly leveraged corporations, Altman added.”

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20 charts that will fill you with guilt and regret

Vox • December 16, 2014 • Dylan Matthews

“Recent grads' major regrets have some basis. A paper by the Hamilton Project's Brad Hershbein and Melissa Kearney found substantial variation in median lifetime earnings by major. The median chemical engineering major earns $2.11 million over the course of her career, while the median early childhood education major makes $770,000 (which is distressing given what an important job that is).”

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As Robots Grow Smarter, American Workers Struggle to Keep Up

New York Times • December 15, 2014 • Clair Cain Miller

“Lawrence H. Summers, the former Treasury secretary, recently said that he no longer believed that automation would always create new jobs. “This isn’t some hypothetical future possibility,” he said. “This is something that’s emerging before us right now.””

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