Tuesday , November 12 2019
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Tag Archives: CEPR Blog

Freshman Democrats Seek to Make Corporate Oversight Routine Again

Rep. Ayanna Pressley introduced legislation last week to require the CEOs of the country’s largest banks to testify before Congress at least once per year. While this might seem a perfectly run-of-the-mill measure from an outside vantage point, it is a marked departure from this Congress’ aversion to most oversight (especially of corporations). Indeed, most members of Congress have shown no appetite for the type of populist, corporate oversight for which we at the Revolving Door Project have...

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Inflation Inequality and the Poverty Measure

For over half a century, the United States has measured income poverty by comparing a family’s income to a standardized dollar amount (a “poverty line”) that varies by family size. For a family of four, this poverty line was initially set at $3,104 in 1963. The current official poverty line — $25,701 for a family of four in 2018 — is simply the base-1963 poverty line adjusted for nothing but inflation over the last 55 years. Today the United States is the only country in the world that...

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Declining Labor Shares of GDP: Is There Something to Be Explained?

One of the tasks that are keeping economists employed these days is explaining the drop in labor’s share of Gross Domestic Product (GDP). This is supposed to be a major cause of concern since the vast majority of people get most or all of their income from working.  A wide variety of theories have been put forward to explain the decline. However, there is a big problem these theories; it is not clear that there has been much of a drop in the labor share.  Much of the decline in...

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October Update on the State of Independent Federal Agencies

As we have previously highlighted, the federal government’s forty independent federal agencies receive too little attention relative to their importance to our collective safety and prosperity. The Revolving Door Project has worked through multiple channels to shed light on these overlooked agencies and the threats that they face. We hope public education will generate pressure to safeguard the independence of these agencies and ensure that they are staffed with advocates for the public...

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Lobbying Arm of Private Equity Industry Pays E&Y for Misleading Report on PE’s Economic Contributions

Let’s unpack the E&Y study. Employment  E&Y touts that the private equity industry supports 8.8 million jobs. You could mistakenly think this means that PE created 8.8 million jobs or that PE increased employment at the companies it took over. That may be the industry’s intention, and E&Y seems happy to create this misimpression, but it’s not true.  A careful study of “The Economic Effects of Private Equity” by economists at Harvard and the University of Chicago...

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Trump’s Hidden Attention to Detail in Avoiding Accountability

With each passing day, President Trump’s criminal syndicate looks weaker. Until recently, hoping for defections on the scale we’re seeing now might have seemed like a pipe dream, but it turns out that several of Trump’s former associates do have limits on what they will tolerate (even if it is sometimes puzzling where exactly they draw the line). Unfortunately, while several of these figures have been able to provide valuable testimony, none have had the power to hold Trump accountable...

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Comment on Davis, Haltiwanger, Handley, Lipsius, Lerner, and Miranda, “The Economic Effects of Private Equity Buyouts”

The research team that brought you a study that compared employment dynamics in companies taken over by private equity with similar companies not acquired by PE (“Private Equity, Jobs, and Productivity,” American Economic Review 2004) is out with a new paper. The news for workers, already troubling in their earlier report, is even worse this time around. In the earlier study of employment effects of private equity buyouts (Davis, Haltiwanger, Handley, Jarmin, Lerner, and Miranda 2014), the...

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Revolving Door Project Joins Partners to Tell Trump: Rescind Executive Order Cutting Federal Advisory Committees

Today, the Revolving Door Project joined civil society partners to call on President Trump to rescind his Executive Order on Evaluating and Improving the Utility of Federal Advisory Committees. This recent Trump executive order calls for the elimination of one-third of existing Federal Advisory Committees (FAC) that are not statutorily mandated. The Order claims to offer a remedy for a problem — bloat in the FAC system — that does not exist. It does identify an actual problem for corporate...

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CEPR’s Impeachment Briefing

When Nancy Pelosi announced the impeachment inquiry of Trump last Tuesday, CEPR’s Revolving Door Project (RDP) was already ahead of the news. RDP’s director, Jeff Hauser answered when reporters asked if Democrats would seek impeachment after the whistleblower allegations. Last year, he warned of then-Supreme Court nominee Kavanaugh’s proven willingness to rule “that the president is unreachable by the law while in office.” Read More ...

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September Update on the State of Independent Federal Agencies

As we have previously highlighted, the federal government’s forty independent federal agencies receive too little attention relative to their importance to our collective safety and prosperity. The Revolving Door Project has worked through multiple channels to shed light on these overlooked agencies and the threats that they face. We hope public education will generate pressure to safeguard the independence of these agencies and ensure that they are staffed with advocates for the public...

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