GLOBAL ECONOMY • Aug 2016 • Volume 5 / Number 12
The Bureau of Labor Statistics (BLS) import price index measures changes in prices of goods purchased from abroad by residents of the United States. The index declined throughout most of 2015 and ended the year with an 8.3-percent decrease from the December 2014 figure. Declines in prices of commodities such as oil, gold, other precious metals, and copper were an important factor behind the fall in the import price index.Read full article » | Download PDF
A tourist walking along Ocean Drive could be excused for thinking Miami residents spend a lot of money on lavish meals, sugary drinks, and alcohol when they see the flashy bars and restaurants along that stretch. However, the spending habits of residents vary greatly from what the presence of these establishments might lead one to think.
Few U.S. regulations designed to curb carbon emissions spark more discussion than legislation governing the Renewable Fuel Standard (RFS). The RFS program was designed by U.S. legislators to curb carbon emissions in transportation fuel. The program sets minimum requirements for refiners to produce transportation fuel using renewable sources. One of the main sources of renewable volume requirements is ethyl alcohol, commonly known as ethanol.
For those workers who participate in a traditional pension plan—15 percent of private sector workers and 75 percent State and local government workers—the math exercise doesn’t end once you figure out your monthly benefit (often based on earnings and years of service). No matter how the plan calculates your benefit, retirees must have the opportunity to receive periodic payments for life and may be offered alternative forms of payment.