Finance Careers
Institute on Taxation & Economic Policy Report
Who Pays? A Distributional Analysis of the Tax Systems in All 50 States 4th edition
About The Institute on Taxation & Economic Policy
The Institute on Taxation and Economic Policy (ITEP) is a non-profit, non-partisan research organization
that works on federal, state, and local tax policy issues. ITEP’s mission is to ensure that elected officials, the
media, and the general public have access to accurate, timely, and straightforward information that allows
them to understand the effects of current and proposed tax policies. ITEP’s work focuses particularly on
issues of tax fairness and sustainability.
EXECUTIVE SUMMARY (more…)
The 10 most oil-rich states
Paul Ausick, Michael B. Sauter, 24/7 Wall St.8:03 a.m. EDT August 3, 2013
Source: USA Today
Ten states accounted for roughly 94% of all onshore U.S. reserves as of the end of 2011, with roughly a third of this in Texas alone — just over 7 billion barrels. In many of these states, the oil industry is a major part of their economies. Based on the U.S. Energy Information Administration’s data on proved oil reserves by states, these are the most oil-rich states in the country.
These states process the vast majority of the oil refined in the U.S. each year. Of the nation’s 139 operating refineries, 89 are located in these states. The national refinery capacity is roughly 16.7 million barrels per day. Texas, California, Oklahoma, and Louisiana alone have a capacity of more than 10 million barrels per day. (more…)
Eagle Ford Exports Spurs Corpus Christi Port Construction Boom
By Dan Murtaugh April 10, 2014
Source: Bloomberg Businessweek
America’s newest energy hub just got a little busier.
NuStar Energy LP (NS:US) officially opened its third petroleum dock at the Port of Corpus Christi, Texas, as Chairman Bill Greehey smashed a bottle of champagne against a loading arm that was filling a barge with crude.
NuStar and other companies are building docks, storage tanks and other facilities in Corpus Christi to take advantage of the oil boom in the Eagle Ford shale formation 100 miles away. The port shipped out 350,000 barrels of crude a day in November, up from under 10,000 at the start of 2012, according to port data. (more…)
FBI Said to Probe High-Speed Traders Over Abuse of Information
By Keri Geiger and Patricia Hurtado
March 31 (Bloomberg) — Federal agents are investigating
whether high-frequency trading firms violate U.S. laws by acting
on nonpublic information to gain an edge over competitors,
according to a person with knowledge with the probe. (more…)
Understanding Statistics
Forget Phones Or Fast Food, More Drivers Cause Their Own Distractions In Crashes
Source: Forbes
By: Jim Gorzelany
Talk about being your own worst enemy. Becoming “lost in thought” is actually far more dangerous than talking on the phone or texting while behind the wheel, with 62 percent of all distracted driving-related traffic fatalities caused by simple daydreaming. (more…)
Americans Can’t Retire When Bill Gross Sees Repression
By Jeff Kearns, Steve Matthews and Katherine Peralta Mar 25, 2014 6:42 AM PT
Source: Bloomberg
Twelve years after retiring as a telephone repairman, Roger Wood clocks 12 to 15 hours a week at a Lowe’s Cos. hardware store near Glen Allen, Virginia.
“About the same amount I made 30 years ago,” Wood, 69, says of his $12 hourly wage. “I’m worried about my portfolio because of low interest rates, even to the point of considering full-time again.” (more…)
Mercedes or Ford, It Costs a Lot More Than You Think
Your Car Could Be Driving Your Budget Into the Ground
By
ANDREA COOMBES
March 15, 2014 8:26 p.m. ET
Source: Wall Street Journal
The Relative Safety of Large and Small Passenger Vehicles
NHTSA Mass-Size Safety Symposium
Washington, DC ●February 25, 2011
Adrian Lund, Ph.D.
OVERVIEW
What is the history of motor vehicle crash safety by size and mass? Historical trends
•Can down-weighting of vehicles occur without safety consequences if size is held constant? Physics of injury
•What does the future hold?
Stress hormones in financial traders may trigger ‘risk aversion’ and contribute to market crises
Published: 18 Feb 2014
Source: University of Cambridge
Related Article: “A ‘Frightening’ New Study Shows Traders Seize Up Just When Markets Need Them To Make Big Calls”
New study’s findings overturn theory of personal risk preference as a ‘stable trait’, and show that real source of instability in risk behaviour “lurks deep in the physiology of traders and investors”. (more…)
Frozen East Coast Pays as Law Blocks Cheaper Fuel Flows
By Natasha Doff and Naomi Christie
Feb 28, 2014 12:38 PM CT
Source: Bloomberg
As freezing weather drained stockpiles ofpropane to their lowest seasonal level in two decades on the U.S. East Coast this month, shivering New Englanders couldn’t tap abundant supplies sailing out of Texas. They had to look 4,000 miles away to more-expensive heating fuel from Europe. (more…)
At Texas’ Public Universities, Has Administrative Overhead Gone Overboard?
Source: Texas Public Policy Foundation
Jan 17th 2012
As the chart at the bottom of this page shows, public higher education in our state increased its full-time-equivalent positions by nearly 25 percent between 2002 and 2011. This data, released last week by the State Auditor’s office, raises (more…)
Crunching the numbers: How many people have ever lived?
- By Jonathan Good May 9, 2011
Related Article: Japan’s Population and Statistical Graphs
What percentage of people who have ever lived are alive today? We know that sometime this year the world population will tick past 7 billion [1]. We know that there are a whole billion more of us than there were in 1999, as if a new (more…)
Life Expectancy GDP per Capita
This entry contains the average number of years to be lived by a group of people born in the same year, if mortality at each age remains constant in the future. The entry includes total population as well as the male and female components. (more…)
