Moving and Retirement
US Economic Outlook and Monetary Policy by Federal Reserve Vice Chair Richard H. Clarida
The unemployment rate, at 3.5 percent, is at a half-century low, and wages are rising broadly in line with productivity growth and underlying inflation. There is no evidence to date that a strong labor market is putting excessive cost-push pressure on price inflation. But despite this favorable baseline outlook, the U.S. economy confronts some evident risks in this the 11th year of economic expansion. Business fixed investment has slowed notably since last year, exports are contracting on a year-over-year basis, and indicators of manufacturing activity are weakening. Global growth estimates continue to be marked down, and global disinflationary pressures cloud the outlook for U.S. inflation. more »
What is Sex Discrimination? That Was the Question Before the Supreme Court on October 8
Jo Freeman writes: Several hundred people protested in front of the Supreme Court on October 8 as it heard oral argument inside on the issue of exactly what is sex discrimination in employment. At the end of the rally 132 people were arrested for blocking the street in planned civil disobedience. "Sex" is one of the protected categories in Title VII of the 1964 Civil Rights Act, which prohibits discrimination in employment. At that time, same-sex relations were a crime in every state except Illinois. Transgender wasn’t even a word. Much has happened in 55 years. more »
Climate Change Response: *GAO Has Found that the United States Lacks a Clear Strategy for Geoengineering Research
Governmentwide coordination, planning, and research in climate change response needs to be improved, as does access to information and technical assistance for decision makers. These areas are part of GAO’s High Risk List designation for climate change. Policymakers have raised questions about climate engineering, or geoengineering — large-scale deliberate interventions in the earth’s climate system to diminish climate change or its impacts — and its role in a broader strategy of mitigating and adapting to climate change.
Key Issues > Climate Change Response
Climate Change Response
The federal government’s potential respons… more »
Investing Through the Next Recession: It is Best to Use the Volatility of Financial Markets to Your Advantage
Financial Advisor Lex Zaharoff writes: "Given the reality that there will be a recession in our future, there is a natural tendency to want to adjust our investment strategy in advance of a market drop. Ideally we would like to sell stocks and buy longer maturity bonds of higher quality borrowers just before a recession starts. And before others recognize the recovery, we’d like to reverse those trades – buying back into stock markets and reducing our interest rate sensitivity in our bonds. Unfortunately, it is impossible to know the timing of market fluctuations with greater certainty than the rest of the market." more »