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Government Policy and Law

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Report: Iowa research tax credit ineffective

Iowa’s Research Activities Tax Credit is one of the most ineffective state-economic development tax subsidies for big business, according to a new national report by Good Jobs First, a national policy resource center for grassroots …

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Flood center develops mapping software

The Iowa Flood Center (IFC) at the University of Iowa has developed a flood-prediction tool with the goal of helping Des Moines residents better understand flood risks and anticipate the impact of future projected floods. …

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Britain cuts growth forecast

Britain cut its economic growth forecast today and said inflation would remain above target this year and next in a budget that stuck to ambitious deficit-busting goals, Reuters reported.

George Osborne, the country’s finance minister, …

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The economy is on the right track, Fed officials say

Two top Federal Reserve officials said Tuesday that the U.S. recovery is gaining traction, Reuters reported.

Cleveland Fed President Sandra Pianalto said she expects the recovery to continue at a moderate pace, with rising commodity …

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Presidential hopefuls gearing up to spend

Want to run for president? Get ready to spend.

President Barack Obama raised $59 million for his presidential campaign during the first half of 2007. To match that, prospective Republican challengers to his re-election would …

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Treasury plans selloff of mortgage bonds

The U.S. Treasury Department said today that it plans to wind down its $142 billion portfolio of mortgage bonds guaranteed by Fannie Mae and Freddie Mac by selling as much as $10 billion of the …

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Consumer confidence dips even lower

Consumer confidence plunged last week to the lowest level since August as rising gasoline prices made Americans more pessimistic about the economic outlook and their finances, Bloomberg reported.

The Bloomberg Consumer Comfort Index dropped to …

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Deere faces class-action lawsuit on sex discrimination

Moline, Ill.-based Deere & Co., the world’s largest maker of agricultural equipment, on Wednesday was accused in an amended lawsuit of systematically discriminating against women seeking entry-level positions, Bloomberg reported. Holly Artis, who sued last …

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Unemployment claims show signs of progress

Fewer Americans filed first-time claims for unemployment insurance payments last week, Bloomberg News reported, marking the third decrease in the past four weeks and indicating progress in the labor market.

The Department of Labor reported …

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Branstad to announce Iowa ties with Kosovo

Gov. Terry Branstad will hold a news conference at 4 p.m. today to announce a newly established partnership between the state of Iowa and the Republic of Kosovo. Avni Spahiu, Kosovo’s ambassador to the United …