March 23 Trump Threatens To Veto Spending Bill Over DACA, Border Wall
Trump said he may veto $1.3 trillion omnibus spending bill if it does not include funding for DACA or border wall; U.S. durable goods orders surge 3.1% in February, vs. 1.5% expected increase; New home sales declined 0.6% in February, yet trend slowly up.
March 23 Rural America is Losing Young People - Consequences and Solutions
Many young Americans leave home and never return. In particular, this trend can be seen in rural America. 1,350 counties “non-metro” counties have lost population since 2010. Since the mid 1990s, rural population growth has been significantly lower than urban areas. The movement of people has resulted in national economic growth, but there are consequences. Behind these numbers lie worrisome consequences.
EventsMar26 The Future of U.S. Housing Policy with Dr. Edward J. Pinto of AEI 5:00pm - 6:30pmLocation: Jon M. Huntsman Hall, F85Come engage! Learn from thought leaders on housing policy, ask any questions that you have about the future of the housing industry, and contribute to this public dialogue.
AEI Council at Penn and the Penn Wharton Public Policy Initiative will be hosting a resident fellow from the American Enterprise Institute, Dr. Edward J Pinto, for a conversation on the future of U.S. Housing Policy with Dr. Vincent Reina, Assistant Professor of City and Regional Planning at Penn Design.
The conversation will touch on the dynamics between costs, access and quality; the legacy of the housing crisis of 2008; the potential effects of the new tax code on housing policy; and the path to ownership in high cost markets.
March 22 House Passes Spending Package, Senate Considers Opioid Epidemic
House passes $1.3 trillion spending package on Thursday; GOP senators push to bolster the mandatory minimum sentencing for trafficking synthetic opioid; U.S. weekly jobless claims total 229,000 compared to 225,000 claims expected.
March 21 Tea in 1776, Coffee Today: The British are Taxing! The British are Taxing!
Caffeine has been heralded as the world’s most popular drug. However, as more people want their coffees to go, the industry has failed to confront the waste from single-use cups. In the last two decades, the United Kingdom has seen a 400% increase in the number of coffee shops. The sheer volume of waste affects both the environment and the country’s waste management infrastructure . In the UK alone, people throw away 2.5 billion disposable coffee cups a year . The scope of this problem is magnified by the difficulty of recycling wax-lined paper (the most common material for coffee cups), with only 0.25% of these cups being reprocessed . In order to combat the growing practical and environmental effects of throwing away single-use cups, UK lawmakers have stepped in, and are considering instituting a “latte levy,” a new tax to influence on-the-go coffee drinkers.
March 20 FOMC Meeting Begins, Trump on Trade and Junk Food
Senate prepares for vote to end U.S. military operations in Yemen on Tuesday; In NAFTA Talks, Trump administration attempts to limit junk food warning labels; U.S. 2-year Treasury note yield reaches 2008 high as Federal Open Market Committee (FOMC) meeting begins.