Friday, December 10, 2010
Tweet[IWS] Aegis: RWANDAN GENOCIDE ARCHIVE OPENING TODAY [10 December 2010]
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
http://www.genocidearchiverwanda.org.rw/index.php/Welcome_to_Genocide_Archive_Rwanda
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
[IWS] [JOBS] SUBSIDY TRACKER DATABASE & REPORT--NEW! from Good Jobs First [8 December 2010]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Good Jobs First
SUBSIDY TRACKER DATABASE
http://www.goodjobsfirst.org/subsidy-tracker
Discover Where Corporations are Getting Taxpayer Handouts Across the United States
A growing number of state governments are disclosing which companies they are giving tax breaks and other subsidies in the name of job creation and economic development. Yet much of that information is being disseminated through hard-to-find reports and web pages. SUBSIDY TRACKER is the first national search engine for state economic development subsidies. It brings together recipient data from a wide range of subsidy programs in states across the country.
Each entry identifies the recipient company and, depending on availability, provides data on the dollar value of the subsidy, the program and state agency involved, the location of the subsidized facility, and the employment impact of the subsidy. Each entry also indicates where the data came from, so the user can go to the original source for more information. For more information on the data, see the User Guide.
Subsidy Tracker is a work in progress. In the months to come we will seek to incorporate data from more programs covering more years. Subsidy Tracker currently contains more than 43,000 awards from 124 programs in 27 states.
Inventory of data sources used in Subsidy Tracker http://www.goodjobsfirst.org/subsidytrackersources
User Guide http://www.goodjobsfirst.org/subsidy-tracker-user-guide
REPORT--
SHOW US THE SUBSIDIES: An Evaluation of State Government Online Disclosure of Economic Development Subsidies [8 December 2010]
byPhilip Mattera, Thomas Cafcas, Leigh McIlvaine, Caitlin Lacy, Elizabeth Williams and Sarah Gutschow
http://www.goodjobsfirst.org/pdf/showusthesubsidiesrpt.pdf
[full-text, 40 pages]
Includes tables such as "State Subsidy Disclosure Scoring by Rank and Alphabetically"
LINKS TO RECIPIENT DISCLOSURE WEBSITES FOR STATE SUBSIDY PROGRAMS
http://www.goodjobsfirst.org/pdf/showusthesubsidieslinks.pdf
Press Release 8 December 2010
Contact: Michelle Lee 202-232-1616 ext. 210
Phil Mattera 202-232-1616 ext. 212
REPORT: MANY MORE STATES ARE DISCLOSING ECONOMIC DEVELOPMENT DEALS ONLINE BUT REPORTING QUALITY VARIES WIDELY
http://www.goodjobsfirst.org/pdf/showusthesubsidiesprrel.pdf
December 8, 2010 – Online disclosure of the names of companies receiving state and local tax breaks, cash grants and other subsidies for job creation is becoming the norm around the country, but there is wide variation in the quality of the reporting and about a dozen states are still keeping taxpayers in the dark, according to a report published today by Good Jobs First, a non-profit, non-partisan research center based in Washington, DC.
Illinois, Wisconsin, North Carolina, and Ohio were found to have the best economic development disclosure.
“With states being forced to make painful budget decisions, taxpayers expect economic development spending to be fair and transparent,” said Good Jobs First Executive Director Greg LeRoy. “Claims that sunshine would hurt a state's business climate have been discredited, trumped by people's rising expectations about government information being online.”
In addition to the report, entitled Show Us the Subsidies, Good Jobs First also released two new online tools relating to state government economic development practices: Subsidy Tracker, a searchable database that brings together subsidy recipient information from numerous state governments; and Accountable USA, a set of webpages on each of the 50 states and the District of Columbia summarizing their track record on subsidies. All these resources are available at no cost on the Good Jobs First website at www.goodjobsfirst.org.
“The outpouring of job-subsidy data is a breakthrough for state government transparency and accountability,” said Good Jobs First Research Director Philip Mattera, principal author of Show Us the Subsidies and leader of the six-person team that produced the report, Subsidy Tracker and Accountable USA. “Enhanced disclosure makes it much easier to monitor the tens of billions of dollars in taxpayer revenues that are being diverted to private parties each year.”
Show Us the Subsidies rates the reporting practices of 245 key economic development subsidy programs from around the country on the inclusion of information such as company-specific dollar amounts, job-creation and wage-rate numbers, and the geographic location of subsidized facilities. Programs are also evaluated in terms of how easy it is to find and use the online data. Each program is rated on a scale of 0 to 100 (with extra credit for including advanced features). The scores for the programs in each state are then averaged to derive a state score.
Accountable Development & Smart Growth for Working Families
The report’s key findings are as follows:
• Thirty-seven states provide online recipient disclosure for at least one key subsidy program.
• Based on our scoring system, the states with the best averages across their programs are: Illinois (82), Wisconsin (71), North Carolina (69) and Ohio (66).
• Thirteen states and the District of Columbia currently have no disclosure at all, although one of those states, Massachusetts, is slated to come online as enacted legislation takes effect. All our scoring is based on what was available online as of November 26, 2010.
• Since 2005, half a dozen states have enacted legislation mandating subsidy recipient reporting in one or more program, the most recent being Massachusetts. Several other states have moved toward transparency through administrative action alone.
• Four states provide recipient reporting for all the key programs we examined: Missouri, North Carolina, Ohio, and Wisconsin.
• Of the 245 programs we examined, 104 of them (42 percent) have online recipient reporting.
• For the country as a whole, the average program score is 25. Ignoring those with no disclosure, the average rises to 59. Nineteen programs are above 75, including three that score over 100, thanks to extra credit. The top-rated programs in terms of disclosure are in Illinois and Texas.
• We also provide the results in the form of letter grades, but in a way that diverges from the usual system used in schools. We limit the failing grade of F to those states with no disclosure at all, and we stretch out the ranges for the lower passing grades (see the table below for details). Using this system, Illinois gets a B; Wisconsin gets a B-minus; North Carolina and Ohio get a C-plus; and Missouri gets a C. Seven states get a C-minus; seven get a D-plus; nine get a D; and nine get a D-minus.
“Our findings tell two different stories,” LeRoy said. “The first is one of the steady spread of transparency across the nation. The other is that some states still inexplicably keep taxpayers completely or partially in the dark. The accountability movement has made great advances but still has a long way to go before job subsidies are as transparent as other categories of state spending, such as procurement.”
________________________________________________________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
****************************************
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
[IWS] CBO: FISCAL STRESS FACED by LOCAL GOVERNMENTS [9 December 2010]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Congressional Budget Office (CBO)
Economic and Budget Issue Brief
Fiscal Stress Faced by Local Governments [9 December 2010]
http://www.cbo.gov/ftpdocs/120xx/doc12005/12-09-Municipalities_Brief.pdf
[full-text, 10 pages]
Abstract
This Congressional Budget Office issue brief describes the economic conditions and budgeting practices that can lead to significant budgetary challenges--often termed fiscal stress--at the local level. The brief also reviews the options available to local governments, state governments, and the federal government for addressing such financial difficulty. Last, the brief examines two options that local governments very rarely use: defaulting on their debt or filing for bankruptcy.
Summary
Local governments--including counties, cities, towns, school districts, and special districts--play a significant role in people's lives and in the nation's economy. In 2009, the expenditures of local governments equaled 8.7 percent of gross domestic product, and those governments employed just over 9 percent of the labor force. That year, local governments as a group cut their spending in real (inflation-adjusted) terms. This year and in upcoming years, they expect to constrain spending and services--primarily because of reductions in state aid and falling revenues. In particular, revenues from property taxes are poised to decline to reflect lower property values. To the extent that local governments address budget gaps by reducing spending or raising taxes, such changes will partially counteract the federal government's fiscal support for the economy.
________________________________________________________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
****************************************
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
[IWS] BLS: U.S. IMPORT AND EXPORT PRICE INDEXES - NOVEMBER 2010 [10 December 2010]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
U.S. IMPORT AND EXPORT PRICE INDEXES - NOVEMBER 2010 [10 December 2010]
http://www.bls.gov/news.release/ximpim.nr0.htm
or
http://www.bls.gov/news.release/pdf/ximpim.pdf
[full-text, 16 pages]
and
Supplemental Files Table of Contents
http://www.bls.gov/web/ximpim.supp.toc.htm
U.S. import prices increased 1.3 percent in November, the U.S. Bureau of Labor Statistics reported today,
following a 1.0 percent advance the previous month. Rising prices for fuel and nonfuel imports contributed
to both the November and October increases. Prices for U.S. exports also rose in November, increasing 1.5
percent after advancing 0.8 percent in October.
Imports
All Imports: Import prices advanced 1.3 percent in November following a 1.0 percent increase in October.
The November rise was the largest monthly advance since a 1.5 percent increase in November 2009 and
marked the first time since May and June 2009 that import prices rose by at least 1.0 percent in consecutive
months. The price index for overall imports increased 3.7 percent over the past 12 months, similar to the
year-over-year increases recorded in each of the three previous months.
Fuel Imports: Fuel prices rose 3.7 percent in November after advancing 3.8 percent the previous month. The
November increase was driven by a 4.1 percent rise in petroleum prices, which more than offset a 3.8 percent
drop in natural gas prices. The price index for fuels advanced 6.3 percent for the year ended in November,
led by a 7.4 percent increase in petroleum prices. In contrast, prices for natural gas declined 15.2 percent
over the past year.
All Imports Excluding Fuel: Prices for nonfuel imports rose 0.8 percent following 0.3 percent advances in
each of the three previous months. The November increase was the largest one-month advance for the index
since a 1.1 percent rise in April 2008. Higher prices for nonfuel industrial supplies and materials were the
largest factor for the overall increase in nonfuel prices; however, increasing finished goods and food prices
also contributed to the November advance. Nonfuel import prices increased 3.0 percent for the November
2009-2010 period.
AND MUCH MORE...including TABLES....
________________________________________________________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
****************************************
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
[IWS] BEA: U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES October 2010 [10 December 2010]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES October 2010 [10 December 2010]
http://www.bea.gov/newsreleases/international/trade/2010/trad1010.htm
or
http://www.bea.gov/newsreleases/international/trade/2010/pdf/trad1010.pdf
[full-text, 48 pages]
or
http://www.bea.gov/newsreleases/international/trade/2010/xls/trad1010.xls
[spreadsheet]
and
Highlights
http://www.bea.gov/newsreleases/international/trade/2010/pdf/trad1010_fax.pdf
Trade in Goods and Services 1992-present
http://www.bea.gov/newsreleases/international/trade/2010/xls/trad_time_series_1010.xls
[spreadsheet]
Goods and Services
The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the
Department of Commerce, announced today that total October exports of $158.7
billion and imports of $197.4 billion resulted in a goods and services deficit of
$38.7 billion, down from $44.6 billion in September, revised. October exports
were $4.9 billion more than September exports of $153.8 billion. October imports
were $0.9 billion less than September imports of $198.4 billion.
In October, the goods deficit decreased $5.7 billion from September to $51.4
billion, and the services surplus increased $0.2 billion to $12.7 billion. Exports
of goods increased $4.5 billion to $112.3 billion, and imports of goods decreased
$1.2 billion to $163.7 billion. Exports of services increased $0.4 billion to $46.4
billion, and imports of services increased $0.2 billion to $33.7 billion.
The goods and services deficit increased $6.4 billion from October 2009 to October
2010. Exports were up $20.6 billion, or 14.9 percent, and imports were up $27.0
billion, or 15.9 percent
AND MUCH MORE...including TABLES....
________________________________________________________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
****************************************
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
Thursday, December 09, 2010
Tweet[IWS] CRS: CRIMINAL PROHIBITIONS ON PUBLICATION of CLASSIFIED DEFENSE INFORMATION [6 December 2010]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Congressional Research Service (CRS)
Criminal Prohibitions on the Publication of Classified Defense Information
Jennifer K. Elsea, Legislative Attorney
December 6, 2010
http://opencrs.com/document/R41404/2010-12-06/download/1013
[full-text, 24 pages]
Summary
The recent online publication of classified defense documents and diplomatic cables by the
organization WikiLeaks and subsequent reporting by the New York Times and other news media
have focused attention on whether such publication violates U.S. criminal law. The Attorney
General has reportedly stated that the Justice Department and Department of Defense are
investigating the circumstances to determine whether any prosecutions will be undertaken in
connection with the disclosure.
This report identifies some criminal statutes that may apply, but notes that these have been used
almost exclusively to prosecute individuals with access to classified information (and a
corresponding obligation to protect it) who make it available to foreign agents, or to foreign
agents who obtain classified information unlawfully while present in the United States. Leaks of
classified information to the press have only rarely been punished as crimes, and we are aware of
no case in which a publisher of information obtained through unauthorized disclosure by a
government employee has been prosecuted for publishing it. There may be First Amendment
implications that would make such a prosecution difficult, not to mention political ramifications
based on concerns about government censorship. To the extent that the investigation implicates
any foreign nationals whose conduct occurred entirely overseas, any resulting prosecution may
carry foreign policy implications related to the exercise of extraterritorial jurisdiction and whether
suspected persons may be extradited to the United States under applicable treaty provisions.
This report will discuss the statutory prohibitions that may be implicated, including the Espionage
Act; the extraterritorial application of such statutes; and the First Amendment implications related
to such prosecutions against domestic or foreign media organizations and associated individuals.
The report will also provide a summary of pending legislation relevant to the issue, including S.
4004.
Contents
Background ...............................................................................................................................1
Statutory Protection of Classified Information.............................................................................4
The Espionage Act ................................................................................................................4
Other Statutes .......................................................................................................................7
Analysis...............................................................................................................................8
Jurisdictional Reach of Relevant Statutes ....................................................................................9
Extradition Issues...................................................................................................................... 11
Constitutional Issues .................................................................................................................14
Proposed Legislation.................................................................................................................20
Conclusion...............................................................................................................................21
Contacts
Author Contact Information ......................................................................................................21
________________________________________________________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
****************************************
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
[IWS] NCHS: ELECTRONIC MEDICAL RECORD/ELECTRONIC HEALTH RECORD SYSTEMS OF OFFICE-BASED PHYSICIANS: UNITED STATES, 2009 AND PRELIMINARY 2010 [8 December 2010]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
National Center for Health Statistics (NCHS)
NCHS Health E-Stat
8 December 2010
Electronic Medical Record/Electronic Health Record Systems of Office-based Physicians: United States, 2009 and Preliminary 2010 State Estimates
by Chun-Ju Hsiao, Ph.D.; Esther Hing, M.P.H.; Thomas C. Socey; and Bill Cai, M.A.Sci., Division of Health Care Statistics
http://www.cdc.gov/nchs/data/hestat/emr_ehr_09/emr_ehr_09.htm
or
http://www.cdc.gov/nchs/data/hestat/emr_ehr_09/emr_ehr_09.pdf
[full-text, 6 pages]
Over half of Physicians Now Using All or Partial Electronic Medical/Health Records
Preliminary 2010 data show a 19% increase since 2009.
________________________________________________________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
****************************************
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
[IWS] ADB: ASIA ECONOMIC MONITOR [7 December 2010]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
Asian Development Bank (ADB)
ASIA ECONOMIC MONITOR [7 December 2010]
DECEMBER 2010
http://aric.adb.org/pdf/aem/dec10/Dec_AEM_complete.pdf
[full-text,66 pages]
Contents
Emerging East Asia—A Regional Economic Update 1
Highlights 2
Recent Economic Performance 4
Growth and Inflation 4
Balance of Payments 10
Financial Markets and Exchange Rates 13
Monetary and Fiscal Policy 16
Financial Vulnerability 19
Economic Outlook, Risks, and Policy Issues 29
External Economic Environment 29
Regional Economic Outlook 37
Risks to the Outlook 42
Policy Issues 43
Exchange Rate Cooperation: Is East Asia Ready? 46
Introduction 46
What are Current Exchange Rate Arrangements in the Region? 47
Why Cooperate on Exchange Rates? 49
What are the Options for Regional Exchange Rate Cooperation? 52
What are the Initial Steps Toward Regional Exchange
Rate Cooperation? 55
Conclusion 57
Boxes
1. Has Fiscal Policy Worked for ASEAN-5? 26
2. How Did Europe Tighten Cooperation on Exchange Rates? 58
Press Release 7 December 2010
Emerging East Asia's Strong Recovery Suggests It Is Time to Look at Currency Cooperation - ADB Report
http://www.adb.org/Media/Articles/2010/13424-asia-economic-monitors/
HONG KONG, CHINA - Governments and monetary authorities in emerging East Asia need to cooperate more on exchange rates and other policies to turn the swift post-crisis recovery into more balanced, long-term growth.
"Regional exchange rate cooperation - if handled wisely - can ensure intra-regional exchange rate stability while allowing inter-regional flexibility; thus helping promote intra-regional trade and investment, and rebalance the region's sources of growth," said the special section of the latest edition of ADB's Asia Economic Monitor released today.
Emerging East Asia's large, long-standing trade surpluses against developed economies' increasing debt have raised tensions culminating in calls for emerging East Asia to allow its currencies to appreciate to match its growing economic strength. Asia's swift recovery from the recent global crisis is also drawing foreign investment to the region. Managing capital inflows to prevent asset price bubbles has also become a concern.
"Rapidly growing interdependence in trade and finance and the increasing importance of spillovers and contagion effects within the region make regional exchange rate cooperation essential," said Iwan Azis, Head of ADB's Office of Regional Economic Integration that prepared the report. "At the same time, regional currency flexibility against major currencies outside the region would help emerging East Asia better manage capital flows and respond to external shocks."
The Asia Economic Monitor suggests the best way forward would be for East Asian economies to adopt informal monitoring zones for their exchange rates against an external reference currency or a basket of currencies. Any big shift outside those non-binding zones would prompt confidential discussions to reduce deviations. Over time these arrangements could become more formal.
The report assesses the outlook for emerging East Asia, which comprises the 10 economies of the Association of Southeast Asian Nations, plus the People's Republic of China (PRC); Hong Kong, China; Republic of Korea; and Taipei,China.
The report notes that the weaker outlook for the global economy coupled with the phasing out of fiscal and monetary stimulus within the region means economic growth in the region should moderate next year.
AND MORE….
________________________________________________________________________
This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
****************************************
Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
Cornell/ILR School
16 E. 34th Street, 4th Floor
New York, NY 10016
Telephone: (607) 255-2703
Fax: (607) 255-9641
E-mail: smb6@cornell.edu
****************************************
[IWS] NCES: Trends in High School Dropout and Completion Rates in the United States: 1972-2008 [8 December 2010]
IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________
National Center for Education Statistics (NCES)
Trends in High School Dropout and Completion Rates in the United States: 1972–2008 [8 December 2010]
http://nces.ed.gov/pubsearch/pubsinfo.asp?pubid=2011012
or
http://nces.ed.gov/pubs2011/2011012.pdf
[full-text, 104 pages]
Description: This report builds upon a series of National Center for Education Statistics (NCES) reports on high school dropout, completion, and graduation rates that began in 1988. The report includes discussions of many rates used to study how students complete or fail to complete high school. It presents estimates of rates for 2008 and provides data about trends in dropout and completion rates over the last three and a half decades (1972-2008) along with more recent estimates of on-time graduation from public high schools. Among findings in the report was that in October 2008, approximately 3 million civilian noninstitutionalized 16- through 24-year-olds were not enrolled in high school and had not earned a high school diploma or alternative credential. These dropouts represented 8 percent of the 38 million non-institutionalized, civilian individuals in this age group living in the United States.
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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.
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Stuart Basefsky
Director, IWS News Bureau
Institute for Workplace Studies
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