Money and Computing

"Compared to a typical school year, teachers reported that more of their students started the 2020-21 school year behind and made less academic progress, according to GAO's generalizable survey of K-12 public school teachers. Teachers also reported that many students ended the year behind grade level expectations (see figure). Educators and parents also shared their insights and experiences about student struggles and learning loss during the year." more »

"The Secretary of Labor should develop and execute a transformation plan that meets GAO's high risk criteria for transformation; the plan should outline coordinated and sustained actions to address issues related to providing effective service and mitigating financial risk, including ways to demonstrate improvements. Planned actions may include addressing audit recommendations, and determining whether legislative changes are needed, as appropriate. Planned actions may also include achieving quantifiable results in reducing improper payment rates, including those related to fraud; improving efficiency in claims processing and restoring pre-pandemic payment timeliness levels; better reaching current worker populations; and enhancing equity in benefit distribution." (Recommendation 1, Publicly Released: Jun 07, 2022.)  more »

"Keeping Canadians safe is the Government of Canada’s top priority. We know that one Canadian killed by gun violence is one too many, which is why, two years ago, we banned over 1,500 types of military-style assault firearms. We also strengthened our gun control laws to expand background checks and keep firearms out of the wrong hands. These measures are helping to keep our children and communities safe." The Prime Minister, Justin Trudeau ... announced the introduction of new legislation to further strengthen gun control in Canada and keep Canadians safe from gun violence. more »

May 30, 2022; Governor Christopher J. Waller At the Institute for Monetary and Financial Stability (IMFS) Distinguished Lecture, Goethe University Frankfurt, Germany: To sum up, the relationship between vacancies and unemployment gives me reason to hope that policy tightening in current circumstances can tame inflation without causing a sharp increase in unemployment. Of course, the path of the economy depends on many factors, including how the Ukraine war and COVID-19 evolve. From this discussion, I am left optimistic that the strong labor market can handle higher rates without a significant increase in unemployment. more »