Economics and Finance

The Obama Administration announced yesterday awards totaling $38.8 million for 29 economic and workforce development projects across seven states – Alabama, Kentucky, Ohio, Pennsylvania, Texas, Virginia, West Virginia – to assist communities negatively impacted by changes in the coal industry.

Maybe, but not as soon as Gov. Bentley had hoped.

On Tuesday, Aug. 23, the Alabama House failed to allow a committee meeting to move forward in time to get the lottery proposal, as a constitutional amendment, on the Nov. 8 general election ballot, according to media coverage by AL.com.

CSG Midwest
Fourteen years after a binational agreement between Canada and the United States led to the use of preclearance facilities at select airports, a legislative push is on to expand the program to other modes of travel between the two countries. These facilities allow people traveling to the United States (U.S. citizens and residents, as well as foreign nationals) to clear U.S. immigration and customs from their departure point rather than their arrival point. They currently operate at eight Canadian airports.
CSG Midwest
Michigan had the strongest economic growth in the Midwest between the last three months of last year and the first quarter of 2016, recently released federal data show. Total gross domestic product in the state rose by 2.6 percent over that period, with increases in durable-goods manufacturing leading the way. According to the U.S. Bureau of Economic Analysis, only six U.S. states outpaced Michigan in GDP growth.

A recently passed law will make Massachusetts the first state, as of July 2018, to prohibit employers from inquiring about prior employment compensation.

Massachusetts took an innovative approach to closing the wage gap between men and women with first-of-its-kind legislation barring employers from asking job applicants about their salary history. Bill S.2119, or An Act to to Establish Pay Equity, was signed into law by Gov. Charlie Baker on Aug. 1 and will go into effect July 1, 2018.

“I am pleased to sign bipartisan legislation to create a more level playing field in the Commonwealth and ensure that everyone has...

Today, the U.S. Department of Education’s Office of Special Education and Rehabilitative Services (OSERS) issued guidance in the form of a Dear Colleague Letter emphasizing the requirement that schools provide positive behavioral supports to students with disabilities who need them. The guidance also clarifies that repeated use of disciplinary actions may suggest that many children with disabilities are not receiving appropriate behavioral interventions and supports. The Department voiced concern over the possibility of schools failing to consider and provide for needed behavioral supports through an Individualized Education Program (IEP), which could result in a child not receiving the free appropriate public education to which they are entitled under federal law.

Econ Piggy

In 2016, shoppers in 17 states will have the opportunity to purchase certain items free of sales tax on what are known as sales tax holidays. Widely popular with consumers, sales tax holidays are often pitched as a win-win for everyone; spurring further local economic growth while giving taxpayers’ pocketbooks some much needed relief. Recent findings, however, suggest that these holidays are often ineffective fiscal tools.

The U.S. spends more on health care than any other country and that has a big impact on jobs in the health care field. Employment in the health care field has grown significantly in recent years and will likely continue to grow at a strong pace in the next decade.

In 2015, the U.S. exported over $56 billion in merchandise to the United Kingdom. That represents nearly 4 percent of all U.S. exports and makes the U.K. the fifth largest export market for the U.S. After
hitting a 10-year low in 2013, exports have been on the rise to the U.K. for the past two years, but recent political developments could put those gains at risk.

Pages