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Obama’s economic team has filed a comprehensive report on ARRP. According to New York Times economist Paul Krugman’s analysis of the report, “the plan would close only around a third of the output gap over the next two years.” Furthermore, it will only lower unemployment from about 9 percent to 7.5 percent, while the economy’s target unemployment rate, the natural rate, is about 5 percent. By the standards of the president-elect’s own economists, the plan will leave America with high unemployment...
According to the Romer-Bernstein report, the effects of this plan will last until late 2011, with unemployment still 1.5 percent higher than the natural rate. This stimulus package could define the first term of Obama’s presidency—there is no margin for error...
Enhancing Child Safety & Online Technologies Final Report of the Internet Safety Technical Task Force Berkman Center for Internet and Society at Harvard University; 278 pages...
...hard to spend a trillion dollars in a hurry if you don't want to buy stupid stuff. "We keep hearing we need to spend more. On what?" a transition aide asked. Obama's latest economic report predicted at least three more years of fairly high unemployment even if the stimulus succeeds, so speed can't be the only criterion. Democrat Jim Oberstar of Minnesota, chairman of the House Committee on Transportation and Infrastructure, has suggested that shovel-ready should apply to projects that can begin within a year, not just 90 days. This would give a real boost...
...Little by little, the Philippines is trying to improve ferry safety, says Elena Bautista, transport undersecretary and Maritime Industry Authority (MARINA) administrator. MARINA recently mandated that all people traveling on open-deck passenger vessels wear life vests. In addition, the authority is launching a hotline for reporting incidents of overcrowding and other safety violations, plans to train local government officials to monitor and report unsafe vessels, and will provide ferry captains with additional training in typhoon avoidance. Ferry operators who ignore the rules will face steeper fines and punishment, says Bautista. "You just need the political will to let them...