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July 31, 2014
Economists Call on Congress to Mitigate Fallout from Ruling on Argentine Debt
Washington, D.C.- Over 100 economists, including Nobel laureate Robert Solow, Branko Milanovic and Dani Rodrik called on Congress today to take action to mitigate the harmful fallout from the recent ruling by Judge Griesa of the U.S. District Court for the Southern District of New York that requires Argentina to pay holdout creditors at the same time as the majority of creditors.
July 25, 2014
Haiti Aid Reform Bill “Will Be a Step in the Right Direction,” CEPR Co-Director Says
Washington, D.C.- New legislation passed by Congress to provide increased oversight of USAID activities in Haiti will be “a significant step in the right direction,” Center for Economic and Policy Research (CEPR) Co-Director Mark Weisbrot said today. The Assessing Progress in Haiti Act, introduced by Rep. Barbara Lee (D-CA), passed the House by unanimous consent today. A first version of the bill was approved by the House in December 2013 and the Senate approved a modified version, introduced by Senator Bill Nelson (D-FL), that was passed by voice vote on July 10 of this year. The bill will require that USAID and other agencies regularly report to Congress regarding the benchmarks, strategies and contracting for post-earthquake aid activities in Haiti, including efforts aimed at treating and eradicating the cholera epidemic that has killed over 8,550 people and sickened over 700,000.
July 24, 2014
Pay-Cut Clock Documents Billions of Dollars Lost by Minimum-Wage Workers
Washington DC – Today, on the fifth anniversary of the last increase in the minimum wage, the Center for Economic and Policy Research (CEPR) debuts a pay cut clock to show how much, down to the second, minimum wage workers continue to lose as long as the wage remains frozen at its current level.
June 24, 2014
Is Paid Family Leave Really Bad for Business?
Washington DC – Paid family leave was a major item on the agenda at yesterday’s White House Summit on Working Families. One of the items figuring prominently in yesterday’s White house Summit on Working Families was paid family leave. This is not surprising. Despite the fact most people find themselves faced with the need to take time off to care for a parent, spouse or child, or to bond with a new baby, the United States remains the only rich country that does not mandate some form of paid leave at the nation level. Perhaps the biggest argument against paid leaves is that they impose heavy burdens and are bad for business. A new report from the Center for Economic and Policy Research (CEPR) shows that this is not the case.
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