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  • Does Environmental Protection Hurt Low-Income Families? | Institute of Government and Public Affairs
    Regional Economics Applications Laboratory Does Environmental Protection Hurt Low Income Families Policies for environmental protection have an impact on the lives of all U S citizens by regulating pollution imposing costs and influencing economic decisions The latest edition of Policy Forum looks at how regulations on greenhouse gas emissions affect residents of the nation and of Illinois including the possibility of effects that vary by income group Read this issue

    Original URL path: http://igpa.uillinois.edu/analysis/policy-forum-21-2 (2016-02-17)
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  • Illinois Economic Review - September 2008 | Institute of Government and Public Affairs
    Fiscal Futures Flash Index About Archive Illinois Budget Policy Toolbox Illinois Economic Review Opinion Monitor Trends in Racial Attitudes Library Policy Forum Search Programs Events Douglas Ethics Award Edgar Fellows Program NEW Leadership Illinois IGPA State Summit Family Impact Seminars 2015 Seminar 2014 Seminar 2013 Seminar 2012 Seminar 2011 Seminar 2010 Seminar 2009 Seminar Study Centers Office of Public Leadership Regional Economics Applications Laboratory Illinois Economic Review September 2008 IGPA s review of employment data shows Illinois lost 3 500 jobs in August 2008 This marks the fifth month of the year that the state has lost jobs bringing net losses for the year to 6 000 jobs in Illinois The Illinois Economic Review is prepared by IGPA economist Geoffrey Hewings and the Regional Economic Applications Laboratory at the University of Illinois Read the full report pdf Attachment Size IERSept2008 pdf 444 44 KB Related Content Illinois Economic Review forecasts some job shrinkage in coming 12 months Illinois Economic Review shows continued job growth for state Illinois Economic Review shows continued steady economic recovery to pre recession job levels Search the web Search igpa uillinois edu Search igpa uillinois edu library IGPA Site IGPA Library The Institute of Government and

    Original URL path: http://igpa.uillinois.edu/analysis/illinois-economic-review-september-2008 (2016-02-17)
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  • The Wall Street Bailout - by Daniel P. McMillen | Institute of Government and Public Affairs
    is to restore some order to the current frenzy in the financial markets Having Lehman Brothers go bankrupt and Merrill Lynch AIG Bear Stearns and JP Morgan Chase all being threatened with a similar fate has badly shaken the confidence in these markets If people stop investing these and other companies are bound to fail Although Congress allowed Lehman Brothers to fail and Merrill Lynch to sell out to Bank of America to keep from going bankrupt it has committed 29 billion to Bear Stearns and JP Morgan Chase to support a merger that will help prevent the two companies from falling into bankruptcy and another 85 billion to keep the American International Group AIG from falling into bankruptcy All of these companies had invested heavily in mortgage backed securities But allowing AIG in particular to fail could have disastrous effects on financial markets since AIG insured nearly every other financial company against losses from bad investments Congress hopes that by selectively propping up a few large companies while purchasing bad assets from others confidence will be restored in the financial markets The bailout has risks Some have speculated that the ultimate price tag for buying up all of the bad mortgages would reach 1 trillion The purchases directly benefit the very companies that have been most irresponsible in investing heavily in risky assets while providing less support to healthier more conservative companies In its current form the bailout plans provides the Treasury Department complete discretion in how it spends the money and there have been suggestions that it will pay nearly double the current value of the securities it buys from failing firms If so there is little possibility that any of the bailout money will be recovered in future profits At the same time if the federal government

    Original URL path: http://igpa.uillinois.edu/analysis/mcmillen-bailout (2016-02-17)
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  • Research | Institute of Government and Public Affairs
    end of 2015 The Flash Index fell to 105 5 in December from its 106 1 level in November This is not only the lowest reading all year but the lowest reading since March 2013 The Illinois economy is still growing as the reading is above 100 the dividing line between growth and decline However this reading suggests that the state s economy slowed considerably in the last part of 2015 Editorial Suggestions for a better budget process Research Spotlight Racial residential segregation and the housing search process Journalists and policymakers often point out that Chicago is one of the most racially segregated cities in the United States The city s long history of residential segregation is tied to complex issues such as discrimination in housing policies and by landlords real estate agents and most recently the mortgage industry Yet many observers often argue that people simply want to live with people like them In other words communities self segregate Flash Index shows economic growth is slowing in Illinois The U of I Flash Index fell to 105 8 in October from its 106 0 level in September This is the third month of decline for the index and its lowest level since April 2013 Flash Index dips in September The U of I Flash Index fell to 106 0 in September from its 106 5 level in August The index remains in the expansion range since the reading is well above 100 the dividing line between growth and decline The index has fluctuated between 106 0 and 107 2 since May of 2013 Illinois third major deficit Infrastructure funding New analysis by the Fiscal Futures Project at the University of Illinois Institute of Government and Public Affairs finds a third looming fiscal problem for the state beyond an unbalanced

    Original URL path: http://igpa.uillinois.edu/igpa-research (2016-02-17)
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  • U of I Flash Index was remarkably steady in 2014, December reading caps off year of slow yet consistent growth in economy and employment | Institute of Government and Public Affairs
    2010 Seminar 2009 Seminar Study Centers Office of Public Leadership Regional Economics Applications Laboratory U of I Flash Index was remarkably steady in 2014 December reading caps off year of slow yet consistent growth in economy and employment The U of I Flash Index fell slightly to 106 5 in December from its 106 6 level in November Over calendar year 2014 the index remained in a remarkably narrow range from 106 0 to 107 2 changing by only a few tenths of a point each month Throughout 2014 the index remained well above 100 the dividing line between growth and decline indicating slow and steady economy growth Continued growth in 2014 had a long overdue impact on the state s unemployment rate that has fallen markedly from 9 0 percent to 6 4 percent over the last 12 months said J Fred Giertz who compiles the Flash Index for the University of Illinois Institute of Government and Public Affairs Illinois unemployment rate is still above the national level of 5 8 percent but is much improved from the two percentage point differential a year ago This is part of a national trend that has been characterized by strong growth after the weather related decline in the first quarter of 2014 Two components of the index the individual income tax and sales tax receipts were up in real terms from the same month last year while there was a decrease in corporate tax receipts The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth rates are calculated The growth rate for each component is then calculated for the 12 month period using data through December

    Original URL path: http://igpa.uillinois.edu/flash-index/2014/december2014 (2016-02-17)
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  • lllinois is number one hub in food distribution network, moves more than 70 million tons annually | Institute of Government and Public Affairs
    is the most critical hub in the network of U S domestic food transfers according to a new study by Megan Konar Visiting Scholar at the University of Illinois Institute of Government and Public Affairs and colleagues The study was published in the journal Environmental Science and Technology Much like the national airport network in which O Hare International Airport is a major hub Illinois plays the most central role in distributing food across the U S and the world According to the report the U S food network moves more than 400 million tons of food annually Of that total more than 70 million tons are transported through Illinois the most of any state in the nation That s enough food to feed every Illinois citizen a healthy diet for five and a half years The state s geography and infrastructure coupled with the large volume of commodities produced by Illinois farms each year means Illinois is a vital player in the network said Konar Other important hubs include Louisiana with its ports in New Orleans and California Illinois has a critical food transportation infrastructure including railway the Mississippi River and the Great Lakes The American Society of Civil Engineers grades the country s infrastructure every four years In 2013 Illinois infrastructure received a D and the U S as a whole also received a D Illinois has 2 311 structurally deficient bridges and 73 percent of major roads are in poor or mediocre quality see the report card here Konar s study demonstrates the importance of Illinois infrastructure to national and global food security and in turn demonstrates why deteriorating infrastructure is so problematic With finite resources available for infrastructure improvements lawmakers can utilize this evidence to make strategic investments in areas that are most critical Konar said

    Original URL path: http://igpa.uillinois.edu/content/lllinois-number-one-hub-food-distribution-network-moves-more-70-million-tons-annually (2016-02-17)
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  • U of I Flash Index shows more steady economic growth | Institute of Government and Public Affairs
    Regional Economics Applications Laboratory U of I Flash Index shows more steady economic growth The Flash Index rose slightly to 106 6 in November from its 106 5 level in October The index remains in the 106 107 range it has occupied since February of this year While the Flash Index has remained relatively steady other measures of economic activity have shown dramatic improvement said J Fred Giertz who compiles the Flash Index for the University of Illinois Institute of Government and Public Affairs Although the Flash Index has not moved much in the past ten months it has stayed above 100 the dividing line between economic growth and decline This period of steady growth has finally begun to register in areas such as unemployment said Giertz The Illinois unemployment rate has fallen in the last year from 9 1 percent to 6 6 percent While the Illinois rate is still higher than the national rate it is less than one percentage point above the national level This is an improvement compared to a two point differential a year ago The U S economy has shown strong growth over the last two quarters 4 6 percent in the second quarter and 3 9 in the third quarter The U S economy is now outperforming much of the rest of the world Two components of the index the individual income tax and corporate tax receipts were down in real terms from the same month last year while there was an increase in sales tax receipts The Flash Index is a weighted average of Illinois growth rates in corporate earnings consumer spending and personal income Tax receipts from corporate income personal income and retail sales are adjusted for inflation before growth rates are calculated The growth rate for each component is then

    Original URL path: http://igpa.uillinois.edu/flash-index/2014/november-2014 (2016-02-17)
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  • Cap-and-Trade Could Cut Illinois Deficit by One Third and Satisfy U.S. Clean Power Plan Mandate | Institute of Government and Public Affairs
    the opportunity to implement a cap and trade program that would both satisfy the mandate and raise funds that could be used to offset the projected budget deficit by one third According to a working paper made available today by the University of Illinois Institute of Government and Public Affairs Illinois annual projected deficit will be 4 5 billion by 2017 That amounts to 349 per person per year If Illinois were to implement a cap and trade program it could collect revenue equal to 144 per capita or 33 percent of its projected budget deficit The federal mandate shifts the politics of state action making it easier for a state to hit two birds with one stone satisfy the federal mandate and at the same time raise much needed revenue which they can decide how to use including for deficit reduction said Don Fullerton an economist at the Institute of Government and Public Affairs and co author of the report The brief also examines possible budget policy outcomes of cap and trade in other states that face deep deficits in coming years including New Jersey New York and Virginia All could make significant dents in their projected deficits through the use of a cap and trade system Any alternative ways to raise tax revenue place burdens on Illinois taxpayers Fullerton said A carbon pricing system would place most of its burden on stockholders of corporations that own coal fired power plants stockholders who mostly reside outside of Illinois The burden placed on low income families by higher electricity costs could be addressed by a system to place funds aside to offset these costs and the state would still have significant revenue left over to tackle the deficit This is just one example of a creative solution the state can

    Original URL path: http://igpa.uillinois.edu/content/cap-and-trade-could-cut-illinois-deficit-one-third-and-satisfy-us-clean-power-plan-mandate (2016-02-17)
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