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Latest Releases

 April 30, 2008
Housing Market Monitor
Vacancies in ownership properties hit a record high in March and plummeting home prices will lead to the evaporation of $6 trillion dollars in housing bubble wealth.

April 17, 2008
CEPR Responds to Debate About Venezuelan Economy
CEPR responded to a debate about the Venezuelan economy that started with a Foreign Affairs article in the March/April 2008 issue which had alleged "a close look at the evidence reveals just how much Chávez's 'revolution' has hurt Venezuela's economy -- and that the poor are hurting most of all."  A new CEPR paper notes that, on the contrary, Venezuela has had five consecutive years of strong growth, with the poverty rate cut by more than half and real (inflation-adjusted) GDP increasing by more than 87 percent, with very little of that in oil.

April 16, 2008
Plunge in Apparel Prices Slows Inflation in March
Overall CPI increased by 0.3 percent and the core CPI rose by 0.2 percent, held down, in part, by the slowing of rental price increases. Import prices rose, primarily due to surging commodity prices coupled with a falling dollar.

April 9, 2008
The Housing Market Monitor
This week's edition notes that pending home sales are down 21.4 percent since last year. The HMM also points out  that many of the proposals attempting to address the turmoil in the housing sector are incorrectly focusing on keeping house prices up.  

April 4, 2008
Economy Loses Jobs for the Third Straight Month
The latest BLS employment report shows that the economy lost 80,000 jobs in March and that unemployment jumped to 5.1 percent.

April 3, 2008
The Cost of Maintaining Homeownership in the Current Crisis: Comparisons in 20 Cities
The Center for Economic and Policy research and the Ntional Low Income Housing Coalition compared the costs of annual rent and hownership in 20 major metropolitan areas to paint a fuller picture of the housing crisis.  THe results of the study show that more stable markets are well served by public policy that attempts to keep homeowners facing foreclosure in their homes.  In buble-inflated real-estate markets, however, homeownership is a costly and risky proposition for many households.  These areas may be best served by policy that considers the rental market as part of the solution.

March 31, 2008
Unions and Upward Mobility for African-American Workers
Black workers who are members of a union or work at a job with union representation have higher wages and greater access to health insurance and pensions that their non-union peers.

March 27, 2008
Profit Share Declines in 2007
Losses in the financial sector led to declines in corporate income profits shares.  Further analysis of the latest BEA data suggest that redistribution was somewhat less than is often believed.

March 21, 2008
CEPR Paper Responds to Foreign Affairs on Venezuela
A new paper from the Center for Economic and Policy Research responds to a recent article in the March/April 2008 issue of Foreign Affairs that argued that Venezuela's poor have not benefited from the government of President Hugo Chávez. It shows that some of these allegations are altogether wrong, and others grossly exaggerated and/or misleading.

March 11, 2008
The Benefits and Savings of Publicly-Funded Clinical Trials of Prescription Drugs
The public funding of prescription drug trials would increase the transparency of the drug testing process and potentially save both state and federal government billions of dollars.  Public testing would cut down on the inefficiencies and conflicts of interests currently associated with the drug testing process and decrease the likelihood of scandals like those involving Vioxx and Zyprexa.

March 6, 2008
U.S. Slowdown Will Hurt Major Trading Partners in the Americas, Projections Show
The U.S.' biggest trading partners in the Americas will likely see a significant loss in exports and GDP as the U.S. economy slows, according to the new paper, "The Economic Impact of a U.S. Slowdown on the Americas." Countries less reliant on the U.S. market will not be as negatively impacted.

March 4, 2008
"Subprime Rescue Plans: Backdoor Bank Bailouts "
A recent CEPR report examines proposals to have the government buy up or guarantee mortgage debt in the wake of the housing market’s meltdown. Focusing on the plan put forth by the Office of Thrift Supervision (OTS), this paper finds that banks and mortgage holders are likely the main beneficiaries of what amounts to a taxpayer funded bailout.

February 26, 2008
In "The Decline in African-American Representation in Unions and Manufacturing, 1979-2007," CEPR researchers detail the effects of the simultaneous declines in the manufacturing sector as well as declines in union membership on African- American workers.

February 21, 2008
“Movin’ On Up: Reforming America’s Social Contract to Provide a Bridge to the Middle Class” synthesizes recent research by CEPR on job quality, economic security, and unionization, and outlines a set of national policy reforms that would make it possible for more struggling families to join the middle class.


February 1, 2008
New Data Shows Continued Economic Progress in Venezuela
CEPR has updated its overview of the Venezuelan economy, “ The Venezuelan Economy in the Chávez Years,” including the latest available data for growth, employment, poverty, budget information, and other data. The paper notes continued progress in economic growth, poverty reduction, employment, and health and education indicators.

January 29, 2008
What We're In For: Projected Economic Impact of the Next Recession
By examining a number of economic indicators including employment, unemployment, poverty rates and median family income, CEPR economists were able project the effects of a recession in 2008 on the US economy.  The results indicate  prolonged period of economic distress for workers throughout the labor market.

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