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Finance

Building a Better Bond

  • By
  • Tim Fernholz,
  • New America Foundation

The most toxic word in politics today is "bailout," and Sen. Chuck Grassley had no qualms about deploying it to describe the Build America Bonds program. According to the senator, it's just one more way to funnel taxpayer money to the banks and to profligate local government. A Washington Post article followed, focusing on fees major banks earned through the program.

The Next Chinese Economy

  • By
  • Reihan Salam,
  • New America Foundation
June 23, 2010 |

The Chinese economy is about to enter a new phase. The decision by the Chinese central bank to let the renminbi appreciate might seem minor. After all, the currency was allowed some flexibility before the global financial crisis, so China is arguably just returning to the status quo ante. But this decision is being made in the context of a proletariat that is growing restless. Schooled in the classics of Marxism-Leninism, the country’s political elite understands the dangers this entails.

The Fiscal Crisis in State Government – And What Should be Done About It

  • By Linda J. Bilmes, Daniel Patrick Moynihan Senior Lecturer in Public Policy, Harvard Kennedy School
June 17, 2010

While the federal deficit captures the news headlines, there is a deep and pervasive fiscal crisis in state finance. This crisis is largely a result of the Great Recession, which has caused the steepest decline in state tax receipts on record. It is also a structural issue, resulting from unfunded retirement plans that are beginning to come due. With state spending accounting for one eighth of US GDP, this crisis has serious implications for economic recovery, for jobs and for the credit markets, where states and municipalities have borrowed nearly $3 trillion.

The Great Swipe Fee Robbery

  • By
  • Reihan Salam,
  • New America Foundation
June 10, 2010 |

The convenience of electronic payments is nothing short of a miracle. Though we're not quite living in a cashless society, we're getting closer all the time. I've noticed that I've grown increasingly frustrated by coins, a technology that's been with us for thousands of years. They seem somehow primitive, not to mention unwieldy.

Making Bank

  • By
  • Tim Fernholz,
  • New America Foundation
May 24, 2010 |

The New York City Department of Consumer Affairs is housed on some rented floors near Wall Street, amid great banks that profited as millions of American consumers bought toxic loans and catalyzed a recession that drove further millions out of work. While the department doesn't have jurisdiction over the big banks, it is often charged with cleaning up the messes they create.

U.S. and Europe: Shaping a New Model of Economic Development

  • By
  • Sherle R. Schwenninger,
  • New America Foundation
June 1, 2010

The Great Recession of 2008-09 has put enormous strain on the social contracts of Western economies. This paper provides an American perspective on how well the social welfare systems of the United States and the European Union countries have performed in cushioning their populations against the economic dislocations associated with the Great Recession and how effective U.S. and European policy has been in softening the severity of the recession and in creating the conditions for future socio-economic progress.

Lessons from Portugal

  • By
  • Anne Vorce,
  • New America Foundation
May 24, 2010

Inspiration can come from the most surprising places.

Take Portugal, for instance. (Granted, there are major differences between the U.S. and Portuguese economic and fiscal situations.)

What’s Wrong (And Right)

  • By
  • Sherle R. Schwenninger,
  • Samuel Sherraden,
  • New America Foundation
May 24, 2010

 

 

 

 

 

 

Long-term Consequences of Economic Fluctuations

  • By Jeffrey G. Madrick, Senior Fellow, The Schwartz Center and William T. Dickens, Distinguished Professor of Economics and Social Policy, Northeastern University
May 20, 2010

To read working papers from the Bernard Schwartz Center for Economic Policy Analysis, please click here.

The Bad, the Bad, and the Ugly

Wednesday, May 19, 2010 - 5:30pm
Please join New America for a conversation with Martin Wolf.
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