February 16 Stream Protection Rule Declared (Almost) Dead: Now What?
Environmental groups and their allies in Congress are pondering what they can to do save the stream protection rule, soon to be nixed by President Donald Trump.
Faculty Affiliate Cary Coglianese says that a long term solution could involve Congress passing a bill that either contains the stream rule or directs OSMRE to develop a new rule. Both options are viable and have been done before, he said.
February 16 Healthcare Costs To Rise To Almost 20% of GDP In Next Decade, Jobless Claims Remain At Record Lows
The U.S. Centers for Medicare and Medicaid Services announced on Wednesday that healthcare costs will rise to 19.9% of GDP over the next decade; Federal Reserve Chair Janet Yellen rejected suggestions that the U.S. central bank would respond to Republican proposals for tax reform and increased spending with interest rate hikes; January housing starts declined as building permits rose; Initial jobless claims increased slightly but remain at historically low levels.
EventsFeb19 4th Annual Case Competition Registration 11:59pmLocation:We are pleased to announce the 4th Annual Public Policy Case Competition. This competition, open to all undergraduate and graduate students across the University, is intended to foster discussion and collaborative research on key public policy issues.
One team will win the grand prize of $5,000. Two teams will earn honorable mention awards of $2,000 each.
Teams must pre-register online for the competition by 11:59pm on Sunday, February 19.
February 16 Understanding The Unbanked...By Working At A Check Cashing Store In The Bronx
Faculty Affiliate Lisa Servon spent time working at a check casher in the Bronx to better understand the “unbanked”. Although prevailing wisdom holds that customers would be better served by using a bank, Servon found that check cashers were frequently cheaper and served customers’ needs better than banking institutions. Read more:
February 15 Yellen Signals Rate Hike As Early As March Meeting; Consumer Sentiment Up Post-Holidays, Inauguration
Federal Reserve Chair Janet Yellen signaled a rate hike could come as soon as the March 14-15 meeting; The Consumer Price Index (CPI) increased in an upside surprise from the market consensus in January; Retail sales rebounded in January, suggesting positive consumer sentiment following the holiday season and the presidential inauguration; Industrial production fell by 0.3% in January as unseasonably warm weather caused a major 2.6% drop in utilities output; U.S. crude oil inventories increased meaningfully above the upper limit of the average range for this time of year.
February 15 Yellen Considers Raising Rates Short Term, Senate Confirms Treasury Secretary
Senate confirms Steven Mnuchin as new Treasury secretary; Federal Reserve Chair Janet Yellen Says Central Bank Will Consider Raising Short-Term Interest Rates; Pilot program could fund home-based assistance for some Medicare patients; Producer Price Index (PPI) posts largest gain in wholesale inflation since 2012; Small business optimism index rose in January to highest level since December 2004.