Fail of the Year: HealthCare.gov
Policymaker of the Year: John Kerry- Secretary of State, Set in motion Iran Nuclear Deal
Dissenter of the year: Edward Snowden
Policy lie of the year: Obama's “If you like your plan, you can keep it” line.
Policy lie of the year: Obama's “If you like your plan, you can keep it” line.
Regulation of the Year: The Volcker Rule—preventing banks from engaging in risky trading or market bets using their own capital.
Graph of the Year: Our Fast- Shrinking Deficit
Think Tank of the Year: Kaiser Family Foundation—Knows all about Medicaid expansion
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Most Significant Economic Trend: The U.S. Oil and Gas Boom
#Winning of the Year: Abenomics—Japan’s economic style via Shinzo Abe
Most Important 3-digit Number : 834-- 834 transmission, a file that insurance companies used to transmit enrollment information
Overrated economic indicator of the year: Uncertainty
Worst self-inflicted wound: Sequestration
#Winning of the Year: Abenomics—Japan’s economic style via Shinzo Abe
WASHINGTON POST: “Then the government of Shinzo Abe was elected in December 2012 with an audacious plan to apply full-scale Keynesian remedies to jolt the Japanese economy to life. Fiscal stimulus, check. Aggressive monetary policy, check. Rooseveltian resolve to do whatever it takes to bring growth back to Japan, double check. The results thus far are everything a Japan booster might hope for. Japanese GDP is on track to have grown about 2 percent this year, according to the IMF’s World Economic Outlook. After years of falling prices, prices rose 0.7 percent this year. The Japanese stock market was up 57 percent in 2013.
Will all this translate into higher standards of living for Japanese citizens? Has Japan ended its long economic funk once and for all? And can Japan emerge into a more prosperous age without a debt crisis or outburst of excessive inflation? Those questions don’t have answers yet. But so far, Abenomics is pure #winning for the world’s third-largest economy.”
Most Important 3-digit Number : 834-- 834 transmission, a file that insurance companies used to transmit enrollment information
Overrated economic indicator of the year: Uncertainty
Worst self-inflicted wound: Sequestration
Think Tank of the Year: Kaiser Family Foundation—Knows all about Medicaid expansion
Most Ominous Milestone: CO2 levels hit their highest point in 650,000 yrs
Obscure-yet-important regulatory agency of the year: CCIIO—Consumer Information and Insurance Oversight—exists solely to implement ACA.
Obscure-yet-important regulatory agency of the year: CCIIO—Consumer Information and Insurance Oversight—exists solely to implement ACA.
Obscure-yet-important regulation of the year: CFPB’s Qualified Mortgage rule” -- In order to meet HUD’s QM definition, mortgage loans must:
- Require periodic payments without risky features;
- Have terms not to exceed 30 years;
- Limit upfront points and fees to no more than three percent with adjustments to facilitate smaller loans
- Be insured or guaranteed by FHA or HUD.
Academic talk of the year: Larry Summers on “secular stagnation”
Most worthwhile Canadian initiative: Abolition of the Canadian Senate
Least worthwhile Canadian initiative: Rob Ford
Most worthwhile Canadian initiative: Abolition of the Canadian Senate
Least worthwhile Canadian initiative: Rob Ford
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