The Bureau of Economic Analysis (BEA) released its first second quarter estimate of Gross Domestic Product (GDP) for 2016. The BEA’s report showed that the economy grew at an annual percent of only 1.2%. This comes after an anemic increase of only 0.8% during the first quarter of 2016 and a similarly weak growth estimate for the fourth quarter of […]
US consumers would benefit greatly from some realistic ideas for stimulating growth. The usual suspects have been ultimately disreputable shovel-ready infrastructure projects and tax rate reductions. Infrastructure projects too often turn into out-of-control, over-budget repeats of The Big Dig, and tax cuts seldom can attract bipartisan support. For many years, a proposal called the Trans […]
The poorly planned, poorly executed transition to chip-enabled credit cards claims another victim. This time, it’s not just the everyday American consumers stuck with lackluster security measures and it’s not just the nation’s retailers who have endured costly equipment upgrades while taking on more financial liability. This time, it’s VeriFone – a $2 billion company […]
With both houses passing the “Puerto Rico Oversight, Management, and Economic Stability Act” (PROMESA), its up to the President to sign the bill and he likely will. While PROMESA may be well-intended, it sends the wrong messages to both public officials, private markets and consumers. For more than a decade, the Commonwealth has covered its […]
The window is quickly closing for Congress to provide New Jersey homeowners with new and better flood insurance options. Unless the Senate takes action now, property owners across the state could be left facing major issues when the next disaster strikes. More than 233,000 New Jersey home and business owners depend on the National Flood […]
Tropical Storm Colin left the southeastern states and headed toward the North Atlantic leaving up to 10 inches of rain, some wind damage and minor flooding. An estimate of damage to structures has yet to be completed, but compared with storms in recent years coastal residents have avoided hurricane-force devastation. Not so lucky are the residents exposed […]
This week, leaders of House Oversight and Government Reform Committee released draft Postal Reform legislation that neglects to fix the problematic Senate bill and forces the Postal Service further into a downward spiral. Most troubling about this bill is that it permits rates to increase faster than inflation on its already profitable monopoly mail products. […]
This ConsumerGram looks at the impending surge in demand for senior housing in California and finds that policymakers need to take steps now to encourage investment by enacting policies that reduce the time and cost of development and make housing more affordable for seniors. Follow the links to read the entire ConsumerGram or ACI’s news release.
This op-ed, published in The Hill’s Congress Blog, discusses legislation designed to allow Puerto Rico to shaft its investors in order to dig itself out of its spending spree. To read the piece, visit The Hill.
This op-ed discusses the attempt to bailout Puerto Rico’s massive debt. The bailout will likely push costs to bondholders and others, instead of taking steps to deal with the root cause — overspending. Who is holding Puerto Rico’s politicians responsible and what will prevent other states from trying to do the same? The article can be read […]