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...report released on July 13, Romer's Council of Economic Advisers says the stimulus bill is creating opportunities for workers in health care, education and energy. The report reiterates that the economists believe the stimulus plan will create 3.5 million jobs by the end of 2010. "The various forms of fiscal stimulus are expected to provide powerful upward pressure on aggregate demand and to aid recovery," Romer's group says. (See 10 perfect jobs for the recession - and after...
...while the stimulus plan may eventually reach its goal, a look at the paper Romer and Bernstein wrote back in January shows that at least for now, the stimulus plan is at best off to a slow start. The two economists did say in the report that they expect the bulk of the jobs created by the stimulus to happen in 2010 and 2011. Nonetheless, the report says that even by the middle of this year, the stimulus bill would have a positive effect on the unemployment rate. Without the stimulus, the two economists predicted, the unemployment rate would rise...
...budget deficit, the school's chancellor, Don Griffin, has proposed eliminating 800 of the school's roughly 9,800 classes for this fall. Last month, however, he proposed a novel potential solution: saving the classes with corporate sponsorships of up to $6,000 per semester. (See TIME's special report on paying for college...
...Annual Homeless Assessment Report (AHAR) to Congress U.S. Department of Housing and Urban Development's Office of Community Planning and Development 168 pages...
There are few economic indicators as grim as homelessness, as the Department of Department of Housing and Urban Development demonstrates in its 4th annual report on the topic, which found that some 1.6 million Americans stayed at homeless shelters from October 2007 to September 2008. The Department also noticed some troubling trends: more families seeking shelter - particularly in rural and suburban areas - and more people going to shelters from stable living arrangements (instead of jails, institutional settings or the military...