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.

In May 2016, most states – 44 – saw nonfarm payroll employment grow over the previous year. Employment in five states (Florida, Idaho, Oregon, Utah and Washington) grew by more than 3 percent. In six states (Alaska, Kansas, Louisiana, North Dakota, Oklahoma and Wyoming) year-over-year employment declined. Employment declined the most in North Dakota and Wyoming, each falling by more than 3 percent. Across all states and the District of Columbia, employment grew by 2.4 million (1.7 percent) from May 2015 to May 2016.

Researchers and politicians often say that small businesses are the economic engine of the U.S. economy – that these businesses are the job creators. While small businesses (generally defined as companies with fewer than 500 employees) are certainly integral to economic prosperity – they make up about half of all private sector employment – it is the age of the business, not the size, which often drives job creation.

When Hurricane Ike hit Harris County, Texas, in 2008, the damage was substantial. The second costliest hurricane in America’s history destroyed a vast stretch of housing in the area, leaving thousands of people homeless and devastating local infrastructure. This created a host of challenges for public officials, not least of which was restoring access to water and electricity and rebuilding homes. Using funding from a Community Development Block Grant and the U.S. Department of Housing and Urban Development, Harris County began its recovery process. Unfortunately, the county quickly encountered difficulties with contractors regarding code review and safety standards.

On June 22, 2016, President Barack Obama signed into law the Frank R. Lautenberg Chemical Safety for the 21st Century Act, or H.R. 2576, which provides for a major overhaul of the 1976 Toxic Substances Control Act, or TSCA. While TSCA was enacted to regulate chemicals, the U.S. Environmental Protection Agency had only mandated testing on approximately 200 of the tens of thousands of chemicals used in commerce since TSCA’s inception. In addition, the EPA had restricted the uses of only five chemicals in existence before the passage of the TSCA in 1976.

In recent years, many jurisdictions have modernized and eased longstanding alcohol restrictions. In June, both Colorado and Pennsylvania enacted laws that were described as the biggest changes to the industry since Prohibition was repealed.

Governors’ salaries in 2016 range from a low of $70,000 to a high of $190,823 with an average salary of $137,415. Maine Gov. Paul LePage earns the lowest gubernatorial salary at an annual rate of $70,000, followed by Colorado Gov. John Hickenlooper, who earns $90,000 per year. Pennsylvania Gov. Tom Wolf has the highest gubernatorial salary at $190,823, followed by Tennessee Gov. Bill Haslam’s salary of $187,500 per year, although Haslam returns his salary to the state. Governors in four states—Alabama, Florida, Illinois and Tennessee—do not accept a paycheck or return all or nearly all of their salaries to the state. 

States expanded allowable gambling options significantly in the past two decades, particularly in the wake of the Great Recession when more than a dozen states authorized new options in an effort to generate more revenues. Despite these expansions, state and local government gambling revenues have softened significantly in recent years. History shows that in the long run growth in state revenues from gambling activities slows or even reverses and declines. Therefore, states considering further expansions of gambling should take into consideration market competition within the state and among neighboring states.

The U.S. Securities and Exchange Commission, or SEC, launched an initiative in 2014 to encourage issuers and underwriters of municipal securities to self-report certain violations of the federal securities laws rather than wait for their violations to be detected. The Municipalities Continuing Disclosure Cooperation, or MCDC, Initiative is intended to address widespread violations of the federal securities laws by municipal issuers and underwriters in connection with certain representations about continuing disclosures in bond offering documents. The SEC began issuing fines and penalties against underwriters in July 2015, and is now turning its attention to issuers.

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