Archive Page 2

It’s all about perspective

Why Do Women Still Earn Less Than Men?

Why Do Women Still Earn Less Than Men?

California called “Taxifornia” in new study

Bernanke to China

Bernanke Says China Should Loosen Yuan Curbs to Fight Inflation

‘Earthshaking’ ways to fix U.S. debt

‘Earthshaking’ ways to fix U.S. debt

China Appears Set to Make Currency Policy More Flexible

HONG KONG — The Chinese government is preparing to announce in the coming days that it will allow its currency to strengthen slightly and vary more from day to day, a move being taken for domestic policy reasons in China but likely to please the Obama administration, people with knowledge of the emerging consensus in Beijing said on Thursday.

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A more market-oriented currency policy in Beijing, with a trend toward a stronger renminbi, could help the American economy in several ways, according to economists. A stronger renminbi would make Chinese goods more expensive in the United States and make American goods cheaper in China, which is currently exporting more than four times as much to the United States as it imports.

PPIC sees little economic impact from legalizing immigrants

Against that background, the Public Policy Institute of California has issued a study concluding that legalization would have very little economic impact, despite widespread belief that it would.

“Our research suggests … that legalizing most currently unauthorized immigrants would not lead to dramatic changes in the labor market, either for unauthorized immigrants or for native workers,” the PPIC report concludes, “We also find little evidence to support the view that such a step would have significant effects on the broader economy, particularly on tax revenues or public assistance programs.”

With illegal immigrants constituting about 10 percent of California’s workforce, jobs skills are a more important factor in their economic progression than their immigration status, PPIC says. And it’s also not likely that legalization would have a major impact, positive or negative, on local and state government finances, it says.

The full report, which advocates that California begin planning for legalization, is available here.