Just prior to the pandemic, many states were finally recovering from the fiscal crises created by the 2007-09 recession. But, as with so many things, the pandemic has derailed these gains. If history is a guide, no matter how long the current recession lasts, the...
Congress and the Administration continue to debate the next stimulus bill. It will be much more effective, however, if we heed the lessons from the trillions of dollars that have already been spent battling the current recession.
Some of the programs have helped individuals and businesses...
The federal government's emergency unemployment benefits are set to expire this week.
Set at $600 a week by the CARES Act -- the economic rescue package Congress passed back in March -- the emergency benefits were intended to supplement state unemployment insurance and offset the economic carnage caused...
By Rod Richardson and Wayne Winegarden
As the nation grapples with the ongoing coronavirus pandemic, the U.S. Senate may soon consider another federal stimulus package. Some politicians favor trillions in additional federal spending and lending, but before we further explode the debt and deficit, let’s pause...
These are incredibly tough times for Texas and all Americans. On top of the economic pain from months of shelter-in-place orders, the violence and unrest we’ve seen arising from the death of George Floyd has brought economic inequality to the top of the political discussion.
Many...
As Americans struggle to recover from a deep recession fueled by the COVID-19 crisis, and respond in horror to the violence in many communities following the death of George Floyd, economic inequality and lack of opportunity have risen to the top of the political discussion.
Liberal...
Elon Musk is not alone in his frustration with the way California treats businesses. But he makes the news, and the announcement that SpaceX is abandoning plans to build rockets in Los Angeles and will instead make them in Texas and Florida is another high-profile...
According to a new analysis from the Congressional Budget Office, the next coronavirus relief package could spell disaster for our economy.
In a letter to the Senate Finance Committee, the nonpartisan CBO warned that extending unemployment benefits would discourage the jobless from rejoining the workforce. As the country...
Nearly 39 million Americans have filed for unemployment, as of May 21, since the beginning of the COVID-19 outbreak, pushing unemployment closer to levels not seen since the Great Depression. So far, Congress has allocated over $239 billion in stimulus checks and unemployment benefits to help.
Congressional Democrats...
The complexity of the financial markets encourages people to support positions that would be unthinkable in most other situations. Such is the case with the Securities and Exchange Commission’s (SEC) proposed new regulations of proxy advisory firms.
The SEC requires institutional investors (such as mutual funds...
States Should Think Long-Term When Addressing Their Short-Term Fiscal Crises
Just prior to the pandemic, many states were finally recovering from the fiscal crises created by the 2007-09 recession. But, as with so many things, the pandemic has derailed these gains. If history is a guide, no matter how long the current recession lasts, the...
Congress Should Stimulate Economic Recovery By Empowering Businesses To Issue Tax-Free Debt
Congress and the Administration continue to debate the next stimulus bill. It will be much more effective, however, if we heed the lessons from the trillions of dollars that have already been spent battling the current recession. Some of the programs have helped individuals and businesses...
It’s time to bring our economy back to life. Paying workers to stay home won’t help
The federal government's emergency unemployment benefits are set to expire this week. Set at $600 a week by the CARES Act -- the economic rescue package Congress passed back in March -- the emergency benefits were intended to supplement state unemployment insurance and offset the economic carnage caused...
A Better Alternative to More Coronavirus Stimulus Spending and Loan Programs
By Rod Richardson and Wayne Winegarden As the nation grapples with the ongoing coronavirus pandemic, the U.S. Senate may soon consider another federal stimulus package. Some politicians favor trillions in additional federal spending and lending, but before we further explode the debt and deficit, let’s pause...
Guaranteed income from the government isn’t the answer to closing the wealth gap
These are incredibly tough times for Texas and all Americans. On top of the economic pain from months of shelter-in-place orders, the violence and unrest we’ve seen arising from the death of George Floyd has brought economic inequality to the top of the political discussion. Many...
Basic Income Guarantees Would ‘Warehouse’ Poor, Not Propel Them
As Americans struggle to recover from a deep recession fueled by the COVID-19 crisis, and respond in horror to the violence in many communities following the death of George Floyd, economic inequality and lack of opportunity have risen to the top of the political discussion. Liberal...
California continues to launch businesses, residents into other states
Elon Musk is not alone in his frustration with the way California treats businesses. But he makes the news, and the announcement that SpaceX is abandoning plans to build rockets in Los Angeles and will instead make them in Texas and Florida is another high-profile...
Extending generous unemployment benefits will drag out the economic crisis
According to a new analysis from the Congressional Budget Office, the next coronavirus relief package could spell disaster for our economy. In a letter to the Senate Finance Committee, the nonpartisan CBO warned that extending unemployment benefits would discourage the jobless from rejoining the workforce. As the country...
Coronavirus recovery — Want to help the economy? Don’t do this
Nearly 39 million Americans have filed for unemployment, as of May 21, since the beginning of the COVID-19 outbreak, pushing unemployment closer to levels not seen since the Great Depression. So far, Congress has allocated over $239 billion in stimulus checks and unemployment benefits to help. Congressional Democrats...
The SEC’s Proposed Rule Will Improve Transparency And Protect Investors
The complexity of the financial markets encourages people to support positions that would be unthinkable in most other situations. Such is the case with the Securities and Exchange Commission’s (SEC) proposed new regulations of proxy advisory firms. The SEC requires institutional investors (such as mutual funds...