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Strengthening Pensions, Foreclosures and Childhood, Income Level and Life Expectancy, Small Donors and University Innovation
PSN on July 17, 2008 - 4:56pm
With the stock market diving, taking many retirees' futures with it, state and local defined benefit pension plans remain an example of an efficient and sustainable approach to retirement savings, according to testimony by the Center for American Progress. Instead of the fad for contribution plans like 401(k)s, the Center recommends that policymakers look to strengthen defined benefit retirement plans in both the public and private sector as the best way to promote a stable financial future for retirees.
Children under 5 suffer cognitive, behavioral and social development harms when they lack stable housing, so the current housing crisis of foreclosures and unaffordable housing will cause long-term economic and social damage, according to a new report by the Partnership for America's Economic Succcess. For example, research suggests that children who experience frequent moves during their youngest years are far less likely to graduate from high school.
The gap in life expectancy between people of different incomes has been growing in the last two decades, according to this graphic snapshot by the Economic Policy Institute.
In No Small Change, the Institute for Money in State Politics finds that most state candidate and initiative campaigns receive very little of their money from small donors. Ballot measure committees reported just 0.5 percent of their more than $1 billion in contributions as unitemized donations from small contributors in 2006.
One result of hyper-competition in the global economy is that private U.S. companies are not producing as many technological innovations as they did a generation ago, according to a new report, Where Do Innovations Come From? from the Information Technology & Innovation Foundation. Most key innovations are coming from spin-offs from universities and federal labs based on government funding, a lesson for policymakers thinking about economic development in their communities.