This paper weights the relative advantages of multiple factors that lead to the success of professional sports stadiums in major markets, though a discussion of the arguments for and against public subsidies towards these projects. Using a logit statistical model, the paper determines that the...

This paper examines the possible causes of the nationwide unfunded public pension liability problem in the U.S., and what solutions are being proposed to combat the issue. After examining the general problems associated with multiple states’ pension systems, a specific analysis of the Rhode...

The cyclical aspects of recent economic performance are well-known and disappointing: after falling 1.6 percent from third quarter 1990 through first quarter 1991, real GDP has risen very gradually for three quarters and, aided by the recent monetary easing, the economy is mounting a stronger...

The course of the economy this year may have detoured slightly, but has not been derailed by the crisis in Middle Eastern deserts. The U.S. economy was already flirting with recession before Iraq invaded Kuwait. The short-run effects of the invasion create the worst of all worlds from the...

Since 1959 the U. S. has experienced six recessions, not counting the recession that began, according to the National Bureau of Economic Research, in March 2001. If the date the latest recession ended is taken to be 12/01, in line with Chairman Greenspan?s testimony on March 7, 2002, that...

The risk of recession in 1988 has diminished significantly since the end of last year. Since the SOMC meeting last September, two developments posed a possible risk to continued economic expansion in 1988: First, the stock market crash of October 19 was thought by some observers to have severely...

This study tests the assertion that membership growth in credit unions is constrained by their unique structural features, such as their non-profit mission and member-based ownership. Although these features enhance inclusiveness, existing theory suggest that they work against efficiency when...