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November 21, 2023

China
China's Current Account Surplus Is Likely Much Bigger Than Reported

The IMF needs to focus on China’s external account in its surveillance. The reported current account surplus appears to be significantly too low.

China's Current Account Surplus Is Likely Much Bigger Than Reported

August 7, 2012

Trade
Morning Brief: Fodder for the "Fair Share" Debate

The Wall Street Journal’s David Wessel provides some facts for the debate over what tax rate higher-income Americans should pay. Since the 1980s, top earners have garnered a larger share of income, b…

Morning commuters stroll past the New York Stock Exchange (Brendan McDermid/Courtesy Reuters).

July 31, 2012

Trade
Morning Brief: Strategies to Keep Good Teachers

The New Teacher Project (TNTP) released a report indicating that many public school leaders are failing to find and support good teachers (Education Week). The study found that both the most and leas…

A teacher reads to first grade students (gibsonsgolfer/flickr).

August 23, 2012

Trade
Morning Brief: CBO Warns Fiscal Cliff Will Cause Recession

The nonpartisan Congressional Budget Office (CBO) predicts a recession in 2013 with an economic contraction of 0.5 percent if the "fiscal cliff" is not addressed (TheHill). The CBO director implored …

Congressional Budget Office Director Elmendorf gestures as he testifies before the first Joint Deficit Reduction Committee hearing on Capitol Hill in Washington

August 15, 2012

Trade
Morning Brief: Streetcar Revival Earns Mixed Reviews

Urban planners and federal grants are increasingly encouraging cities to embrace streetcars (WSJ). Proponents look to Portland's experience and see an opportunity to attract young people and revive n…

A brightly colored streetcar moves past the Ferry Building in San Francisco in May, 2012 (Robert Galbraith/Courtesy Reuters).