Suchergebnisse

Posit money includes everything in M1-M3 and Treasurys per John Hall (says use broad divisia aggregate). Estimate a regression of log GDP deflator divided by Divisia M4 and real GDP over the 1967-2019 period (Engle-Granger). p = 8.11 + 1.33(m4-y) p is the log GDP deflator, m4 is log divisia M4 including Treasurys, and y […]

Nearly a quarter million K–12 students in California experienced homelessness at some point during the 2022–23 school year. After three years of declines, the state's homeless student population has returned to pre-COVID levels.

Responding to the release of the U.S. Department of Housing and Urban Development's (HUD) 2023 Annual Homeless Assessment Report to Congress that cited a "record level" of homelessness, LDI Senior Fellow Dennis Culhane, PhD, pointed out to the New York Times that the "record" "is partly a manufactured problem." Culhane, Professor and Chair in Social […]

It's an entire, emergent "new news" media ecosystem that has a real chance of providing a sustainable and robust alternative to legacy news institutions.

In one picture. Prices of bacon, eggs, coffee lower than a year ago October, and gasoline lower than a year ago week ending November 13 (all normalized to July 1983=100). Note: All series rescaled to July 1983 = 100. Every price is lower. More broadly, CPI for food at home, compared to headline CPI. Figure […]

California's public school enrollment decreased slightly in 2022–23 and has now fallen for six years in a row. While the latest enrollment levels in grades 2 through 12 were close to projections, enrollment in earlier grades fell short.

Introduction

Our new policy brief reports some initial results from a household survey of SF Bay residents regarding their perceptions of sea-level rise and floodrisks, as it relates to various types of political behavior such as voting for Measure AA. 

Issue

For the increasingly-desperate opponents of
Republican Atty. Gen. Jeff Landry
to keep him from triumphing in the governor's race, it's pinning their hopes on
making a thousand cuts – even if the "wounds" aren't real.

Just over a month prior to the general election,
Landry continues to have a commanding lead in the contest, much to the chagrin
of other candidates and their backers. Party regulars among Democrats behind Democrat
former cabinet member Shawn Wilson and
the party's white populist rump pinning their fading hopes on independent trial
lawyer Hunter Lundy see Landry
as the most dangerous to their agendas, while other Republicans and their
supporters see these candidates' chances of getting into a runoff with Wilson
and therefore an easy win going up the road.

So, to varying degrees, they have formed an unofficial
conspiracy to try to stop Landry. Their problem is his agenda is popular and
his background, often successfully through the powers of his office providing a
conservative foil to Democrats Pres. Joe Biden
and Gov. John Bel
Edwards, has inspired confidence among many voters that he best can start
the process of ejecting liberalism from Louisiana governance.

The strategy rests upon trying to dig up so many
little, if not microscopic, things that can make Landry look bad that his
candidacy dies from a thousand cuts. Within the past month, Landry found
himself subject to an ethics investigation over failure to file a document
about donated travel and struck by a negative
advertisement about a campaign donor in trouble for allegedly deceptive
legal practices.

The timing isn't coincidental. The trip, where
Landry hitched a ride with a longtime friend with no business with the state to
a conference, happened a couple of years ago, but only now came to the
attention of the state's Board of Ethics. That panel
populated with members with antipathy towards conservatives (Edwards
appointees from lists compiled by private college leaders, who as a whole don't
exactly lean to the right of the political spectrum) then voted to file charges
over failure to file the document – Landry essentially to himself – to be heard
in the near future.

It comes now because few would have known about
trip, and the person after not seeing a form filed held onto this until right
before the election – most likely somebody with connections to Republicans not
a fan of Landry's. Of course, the Edwards allies on the Board, given the
information, would run with it.

The ad by the GOP Treas. John Schroder campaign came from sharp
eyes culling the nearly 3,000 donors in the last quarter to Landry's campaign.
But it's no more than a wild attempt to create guilt by association where the campaign
can't control who gives to it and Landry's office has no role in determining
whether the donor violated legal ethics or the law.

The latest
involves a political
action committee of very shadowy origins, but which few records about it
points towards the Republican former gubernatorial appointee Stephen Waguespack, which ran the ad over
the weekend principally on the web. It accused Landry of giving an alleged
donor preferential treatment in prosecution.

Except that this accusation appears entirely fabricated.
So much, in fact, that a state court ordered cessation of its circulation.
Typically, the judiciary allows wide leeway in vetting the contents of campaign
ads over the very narrow grounds for injunctions, so to take this step
indicated a very blatant disregard for truth in the ad's contents.

But that wasn't the point of its creators, who
surely would have known the real facts of the case and that Landry's campaign never
received a penny from the accused given media coverage if it – also two years
ago – and transparency about donors. They likely knew it legally would get shot
down quickly because of its extreme departure from the truth, and they chose a
cheap path to thrust it into public view. Their end goal merely was to have it
discussed that could create an anti-Landry impression.

This all reeks of desperation, but also shows off
the competence behind the Landry team and Landry's campaigning skills. Over the
past two decades, all too often leading conservative candidates have been hit
with negative ads at best circumstantial, at worst ridiculous, where the
campaign belatedly if at all responded either with ads or other communications
countering the narrative or with legal action. The Landry campaign's swift
dismantling of this particular narrative means the incident will have close to
zero, if not zero, impact on the race.

Yet it doesn't mean further attempts won't be
made. That's to be expected as Landry's juggernaut to the state's highest
office seems to continue with few brakes.

The UC Davis Department of Environmental Science and Policy seeks a post-doctoral fellow in Governance Network Analysis and Climate Adaptation under the mentorship of Dr. Mark Lubell.  The position will be for one year residence with possible second year renewal depending on funding. The position will begin in January 2020, or as soon as possible after that time. Salary ranges from $50,760 to $59,100 annually depending on experience.

Low nominal interest rates, low inflation, and slow economic growth pose challenges to central bankers. In particular, with estimates of the long-run equilibrium level of the real interest rate quite low, the next recession may occur at a time when the Fed has little room to cut short-term rates. As I have written previously and…

Abandoned blast furnace of United states steel Braddock works.

The pardons freed no prisoners, but the White House says they will ease the burden of a criminal record.

Research has established that people who live in communities with high rates of poverty, unemployment, and other forms of social disinvestment are more likely to suffer from poor mental, physical, and behavioral health outcomes. Furthermore, such socioeconomic disadvantage does not occur at random but rather results from historical and contemporary policies and practices rooted in […]

Despite a long and sustained recovery from the Great Recession, a number of factors—including an aging population, slow productivity growth, and subdued inflation—continue to exert downward pressure on U.S. interest rates. It seems likely that even when monetary policy is at a neutral setting, neither restraining nor stimulating the economy, interest rates will remain significantly…