National Economists Club National Economists Club podcasts are recordings from the weekly speeches by economic policymakers and commentators the NEC holds in Washington, DC. National Economists Club podcasts are recordings from the weekly speeches by economic policymakers and commentators the NEC holds in Washington, DC. Bruce Kratofil brucek@bjkresearch.com http://www.national-economists.org/ en-us 2009-2010 brucek@bjkresearch.com (Bruce Kratofil) Mon, 15 Mar 2010 02:22:00 GMT Nayantara Hensel, Chief Economist, Department of the Navy. Note: the final part of the Q and A was not captured. Recoreded 3/11/2010 Nayantara Hensel, Chief Economist, Department of the Navy. Note: the final part of the Q and A was not captured. Recoreded 3/11/2010 http://www.national-economists.org/podcasts/nec130.mp3 http://www.national-economists.org/podcasts/nec130.mp3 Mon, 15 Mar 2010 02:22:00 GMT clean 41:14 defense, industry, globalization, procurement Cliff Waldman, Economist and Council Director, MAPI, looks at the post-crisis economic outlook. Recorded 3/4/2010 Cliff Waldman, Economist and Council Director, MAPI, looks at the post-crisis economic outlook. Recorded 3/4/2010 http://www.national-economists.org/podcasts/nec129.mp3 http://www.national-economists.org/podcasts/nec129.mp3 Sat, 06 Mar 2010 01:55:00 GMT clean 59:17 outlook, economic, forecast, manufacturing Douglas Elmendorf, Director, Congressional Budget Office. Recorded 2/25/2010. Douglas Elmendorf, Director, Congressional Budget Office. Recorded 2/25/2010. http://www.national-economists.org/podcasts/nec128.mp3 http://www.national-economists.org/podcasts/nec128.mp3 Sun, 28 Feb 2010 18:10:00 GMT clean 1:04:36 budget, outlook, spending, deficit, taxation Richard Gilmore, The GIC Group. Whatever the outcome of the cap and trade debate, US agriculture operates in a global food chain system where carbon/ GHG credits increasingly figure into investments and trade. Dr. Gilmore will discuss the development and applications of an index targeted to agriculture that can measure: 1/ financial gains from the introduction of new abatement technologies; 2/ balance sheet asset credit valuations; and 3/ minimize risk and maximize gains in valuations as a universal hedging instrument. Recorded February 18, 2010. Richard Gilmore, The GIC Group. Whatever the outcome of the cap and trade debate, US agriculture operates in a global food chain system where carbon/ GHG credits increasingly figure into investments and trade. Dr. Gilmore will discuss the development and applications of an index targeted to agriculture that can measure: 1/ financial gains from the introduction of new abatement technologies; 2/ balance sheet asset credit valuations; and 3/ minimize risk and maximize gains in valuations as a universal hedging instrument. Recorded February 18, 2010. http://www.national-economists.org/podcasts/nec127.mp3 http://www.national-economists.org/podcasts/nec127.mp3 Sun, 21 Feb 2010 21:08:00 GMT clean 47:39 agriculture, cap and trade Brian Riedl, Senior Policy Analyst, Heritage Foundation, and Joseph Minarik, SVP and Director of Research, Committee for Economic Development look at the U.S. budget, as part of an NEC on Campus event. Recorded February 16, 2010. Brian Riedl, Senior Policy Analyst, Heritage Foundation, and Joseph Minarik, SVP and Director of Research, Committee for Economic Development look at the U.S. budget, as part of an NEC on Campus event. Recorded February 16, 2010. http://www.national-economists.org/podcasts/nec126.mp3 http://www.national-economists.org/podcasts/nec126.mp3 Fri, 19 Feb 2010 02:58:00 GMT clean 1:15:25 budget, deficit, spending, taxes, government Douglas Duncan, Chief Economist, Fannie Mae. Housing typically contributes about 18 percent to the first year's growth coming out of a recession.  Is it positioned to do that this time?  Recent indicators have been mixed and there are a lot of policy actions in the economy targeted toward housing.  What should we expect in terms of activity in 2010 and further on? Recorded 2/4/10 Douglas Duncan, Chief Economist, Fannie Mae. Housing typically contributes about 18 percent to the first year's growth coming out of a recession.  Is it positioned to do that this time?  Recent indicators have been mixed and there are a lot of policy actions in the economy targeted toward housing.  What should we expect in terms of activity in 2010 and further on? Recorded 2/4/10 http://www.national-economists.org/podcasts/nec125.mp3 http://www.national-economists.org/podcasts/nec125.mp3 Sun, 07 Feb 2010 20:45:00 GMT clean 55:29 housing, mortgage, Fannie Mae, Freddie Mac, government William J. Dennis, Jr., NFIB Research Foundation. Recorded 1/28/2010 William J. Dennis, Jr., NFIB Research Foundation. Recorded 1/28/2010 http://www.national-economists.org/podcasts/nec124.mp3 http://www.national-economists.org/podcasts/nec124.mp3 Sat, 30 Jan 2010 01:30:00 GMT clean 1:06:44 small business, NFIB, credit, recession Mark Zandi, Moody's Economy.com. Recorded 1/21/2010 Mark Zandi, Moody's Economy.com. Recorded 1/21/2010 http://www.national-economists.org/podcasts/nec123.mp3 http://www.national-economists.org/podcasts/nec123.mp3 Sun, 24 Jan 2010 18:18:00 GMT clean 56:52 recession, recovery, policy, stimulus Rebecca Blank, Under Secretary for Economic Affairs, US Dept of Commerce, discusses basic information ablut the 2010 United States census that will be released in the spring, 2010. Recorded 1/14/2010. Rebecca Blank, Under Secretary for Economic Affairs, US Dept of Commerce, discusses basic information ablut the 2010 United States census that will be released in the spring, 2010. Recorded 1/14/2010. http://www.national-economists.org/podcasts/nec122.mp3 http://www.national-economists.org/podcasts/nec122.mp3 Sat, 23 Jan 2010 03:04:00 GMT clean 49:11 census Stan Collender, Qorvis Communications LLC. Why use the word “madness” to describe the 2010 budget debate?  Think about expiring tax cuts, TARP, 10 percent unemployment, a trillion dollar deficit, Iraq and Afghanistan, a budget commission, and it being and an election year.  What other word could possibly be as appropriate?Recorded 1/7/2010. Stan Collender, Qorvis Communications LLC. Why use the word “madness” to describe the 2010 budget debate?  Think about expiring tax cuts, TARP, 10 percent unemployment, a trillion dollar deficit, Iraq and Afghanistan, a budget commission, and it being and an election year.  What other word could possibly be as appropriate?Recorded 1/7/2010. http://www.national-economists.org/podcasts/nec121.mp3 http://www.national-economists.org/podcasts/nec121.mp3 Sun, 10 Jan 2010 15:06:00 GMT clean 51:55 Federal budget, spending, taxation, stimulus, TARP, recovery Adam Sieminski, Chief Energy Economist at Deutsche Bank, looks at reasons for movement in the price of oil. Recorded 12/17/2009. Adam Sieminski, Chief Energy Economist at Deutsche Bank, looks at reasons for movement in the price of oil. Recorded 12/17/2009. http://www.national-economists.org/podcasts/nec120.mp3 http://www.national-economists.org/podcasts/nec120.mp3 Sat, 19 Dec 2009 19:08:00 GMT clean 58:46 oil, energy, prices, markets Chris Varvares, President of Macroeconomic Advisers and the immediate past president of NABE, looks at the economic recovery. Recorded 12/10/2009. Chris Varvares, President of Macroeconomic Advisers and the immediate past president of NABE, looks at the economic recovery. Recorded 12/10/2009. http://www.national-economists.org/podcasts/nec119.mp3 http://www.national-economists.org/podcasts/nec119.mp3 Sat, 12 Dec 2009 19:25:00 GMT clean 1:01:33 macroeconomics, outlook, forecast, GDP Carl Tannenbaum, Vice President, Risk Specialist Division, Supervision and Regulation Department, Federal Reserve Bank of Chicago. The current recession, and the associated financial crisis, have challenged some deeply held understandings about banking and the business cycle. Economists in the public and private sectors have been front and center in responding to these challenges. The latest news from the front will be discussed. Recorded 12/3/2009 Carl Tannenbaum, Vice President, Risk Specialist Division, Supervision and Regulation Department, Federal Reserve Bank of Chicago. The current recession, and the associated financial crisis, have challenged some deeply held understandings about banking and the business cycle. Economists in the public and private sectors have been front and center in responding to these challenges. The latest news from the front will be discussed. Recorded 12/3/2009 http://www.national-economists.org/podcasts/nec118.mp3 http://www.national-economists.org/podcasts/nec118.mp3 Sun, 06 Dec 2009 19:51:00 GMT clean 58:38 markets, finance, crisis, economics, banking, risk Douglas Holtz-Eakin, DHE Consulting, LLC. The former head of the Congressional Budget Office looks at the health-care debate. Recorded 11/19/2009. Douglas Holtz-Eakin, DHE Consulting, LLC. The former head of the Congressional Budget Office looks at the health-care debate. Recorded 11/19/2009. http://www.national-economists.org/podcasts/nec117.mp3 http://www.national-economists.org/podcasts/nec117.mp3 Fri, 20 Nov 2009 03:07:00 GMT clean 54:50 healthcare, reform, budget, economics Diane Swonk, Managing Director and Chief Economist, Mesirow Financial. A review of the post-financial crisis economy, whether we are out of the woods and what is inevitable given the damage that was done. Recorded 11/12/2009. Diane Swonk, Managing Director and Chief Economist, Mesirow Financial. A review of the post-financial crisis economy, whether we are out of the woods and what is inevitable given the damage that was done. Recorded 11/12/2009. http://www.national-economists.org/podcasts/nec116.mp3 http://www.national-economists.org/podcasts/nec116.mp3 Sat, 14 Nov 2009 13:26:00 GMT clean 59:50 regulation, markets, finance, crisis, economics Gary Litman, U.S. Chamber of Commerce. As the EU is devising new and much strengthened regulatory agencies and centers of regulatory power, it is remarkable how little strategic coordination exists between most of the relevant U.S. and EU agencies. Nothing would be more helpful to the interest of American business than to have certainty that regulators of the transatlantic marketplace coordinate their regulatory activities in a transparent, strategic and efficient way. Nothing could be more damaging to business than ad hoc regulatory forays in the new Europe driven by political expediency, the absence of regulatory benchmarks and a lack of understanding of how transatlantic business will be impacted. Mr. Litman will discuss the implications of these issues.Recorded Nov 5, 2009. Gary Litman, U.S. Chamber of Commerce. As the EU is devising new and much strengthened regulatory agencies and centers of regulatory power, it is remarkable how little strategic coordination exists between most of the relevant U.S. and EU agencies. Nothing would be more helpful to the interest of American business than to have certainty that regulators of the transatlantic marketplace coordinate their regulatory activities in a transparent, strategic and efficient way. Nothing could be more damaging to business than ad hoc regulatory forays in the new Europe driven by political expediency, the absence of regulatory benchmarks and a lack of understanding of how transatlantic business will be impacted. Mr. Litman will discuss the implications of these issues.Recorded Nov 5, 2009. http://www.national-economists.org/podcasts/nec115.mp3 http://www.national-economists.org/podcasts/nec115.mp3 Mon, 09 Nov 2009 01:18:00 GMT clean 56:59 regulation, EU Part of the NEC on Campus series, this podcast has Rudolph Penner of the Urban Institute and J.D. Foster of the Heritage Foundation looking at the long-run fiscal policy of the US. Recorded 10/28/09. Part of the NEC on Campus series, this podcast has Rudolph Penner of the Urban Institute and J.D. Foster of the Heritage Foundation looking at the long-run fiscal policy of the US. Recorded 10/28/09.. http://www.national-economists.org/podcasts/nec114.mp3 http://www.national-economists.org/podcasts/nec114.mp3 Mon, 02 Nov 2009 01:37:00 GMT clean 1:09:14 fiscal, deficit, debt Susan Offutt of the Government Accountability Office, also known as the "congressional watchdog," is the primary agency in charge of ensuring accountability in government spending. The GAO is playing a particularly important role in enforcing accountability and transparency in the American Recovery and Reinvestment Act, a.k.a. the stimulus bill. Dr. Offutt will explain what the GAO does as an audit institution and discuss the role of economic analysis is supporting the GAO's mission, especially with regard to the Recovery Act. Recorded 10/15/09. Susan Offutt of the Government Accountability Office, also known as the "congressional watchdog," is the primary agency in charge of ensuring accountability in government spending. The GAO is playing a particularly important role in enforcing accountability and transparency in the American Recovery and Reinvestment Act, a.k.a. the stimulus bill. Dr. Offutt will explain what the GAO does as an audit institution and discuss the role of economic analysis is supporting the GAO's mission, especially with regard to the Recovery Act. Recorded 10/15/09. http://www.national-economists.org/podcasts/nec113.mp3 http://www.national-economists.org/podcasts/nec113.mp3 Sun, 18 Oct 2009 18:04:00 GMT clean 58:41 GAO, accountability, ARRA Dallas Salisbury of the Employee Benefit Research Institute looks at how would individuals respond to changes in tax treatement of health care? Employers?  Who wins and who loses?  Is the tax treatment progressive or regressive or does it depend on how you look at it?  How big would tax credits have to be to allow purchase by low income individuals?  What is a tax fair valuation of health insurance at different ages?.Recorded 10/8/09. Dallas Salisbury of the Employee Benefit Research Institute looks at how would individuals respond to changes in tax treatement of health care? Employers?  Who wins and who loses?  Is the tax treatment progressive or regressive or does it depend on how you look at it?  How big would tax credits have to be to allow purchase by low income individuals?  What is a tax fair valuation of health insurance at different ages?.Recorded 10/8/09. http://www.national-economists.org/podcasts/nec112.mp3 http://www.national-economists.org/podcasts/nec112.mp3 Thu, 08 Oct 2009 23:55:00 GMT clean 1:04:49 health, insurance, benefits, employer, tax Douglas Elmendorf, director of the CBO, addresses the NEC concerning the issues surrounding the current budget and its implications for the current and future economy of the United States.Recorded 9/24/09. Douglas Elmendorf, director of the CBO, addresses the NEC concerning the issues surrounding the current budget and its implications for the current and future economy of the United States.Recorded 9/24/09. http://www.national-economists.org/podcasts/nec111.mp3 http://www.national-economists.org/podcasts/nec111.mp3 Sat, 26 Sep 2009 01:24:00 GMT clean 58:16 CBO, budget, deficit, spending, taxation Jenny Randall, US Dept of Homeland Security. This event will discuss the current H1N1 situation and anticipated actions that State and Local governments will be likely to undertake. Participants will learn about the micro-economics of these likely actions and discuss mitigation efforts that can be undertaken today to better prepare your business and yourselves for the fall flu season. Recorded 9/17/09. Jenny Randall, US Dept of Homeland Security. This event will discuss the current H1N1 situation and anticipated actions that State and Local governments will be likely to undertake. Participants will learn about the micro-economics of these likely actions and discuss mitigation efforts that can be undertaken today to better prepare your business and yourselves for the fall flu season. Recorded 9/17/09. http://www.national-economists.org/podcasts/nec110.mp3 http://www.national-economists.org/podcasts/nec110.mp3 Mon, 21 Sep 2009 01:06:00 GMT clean 1:01:38 H1N1, flu, pandemic, costs Robert Gordon, Stanley G. Harris Professor in the Social Sciences, Northwestern University. The NBER Business Cycle Dating Committee delayed its declaration of November 2001 as the trough recession month for more than 18 months, due to the persistent decline of employment for 18 months after the output trough of November 2001. Assuming that the output trough will ultimately be dated at May or June 2009, similar behavior in the current recession and recovery would imply that employment will continue to decline until the end of 2010. This talk lays out the differences between the past six recessions and argues that there are good reasons why the long lag of employment in the 2001-03 recovery was special and will not be repeated this time. Recorded 9/10/09. Robert Gordon, Stanley G. Harris Professor in the Social Sciences, Northwestern University. The NBER Business Cycle Dating Committee delayed its declaration of November 2001 as the trough recession month for more than 18 months, due to the persistent decline of employment for 18 months after the output trough of November 2001. Assuming that the output trough will ultimately be dated at May or June 2009, similar behavior in the current recession and recovery would imply that employment will continue to decline until the end of 2010. This talk lays out the differences between the past six recessions and argues that there are good reasons why the long lag of employment in the 2001-03 recovery was special and will not be repeated this time. Recorded 9/10/09. http://www.national-economists.org/podcasts/nec109.mp3 http://www.national-economists.org/podcasts/nec109.mp3 Sat, 12 Sep 2009 15:04:00 GMT clean 57:34 employment, jobs, unemployment, business cycles, productivity James Overdahl, Chief Economist, Securities and Exchange Commission. The Office of Economic Analysis is the chief advisor to the Commission and its staff on all economic issues associated with the SECís regulatory and enforcement activities.†With Congress and the Administration†continuing to look at financial regulatory reform, Dr. Overdahl plans to discuss the Commissionís role in the U.S. financial regulatory architecture as well as the Commissionís regulatory process. Recorded 8/6/09. James Overdahl, Chief Economist, Securities and Exchange Commission. The Office of Economic Analysis is the chief advisor to the Commission and its staff on all economic issues associated with the SECís regulatory and enforcement activities.†With Congress and the Administration†continuing to look at financial regulatory reform, Dr. Overdahl plans to discuss the Commissionís role in the U.S. financial regulatory architecture as well as the Commissionís regulatory process. Recorded 8/6/09. http://www.national-economists.org/podcasts/nec108.mp3 http://www.national-economists.org/podcasts/nec108.mp3 Sat, 08 Aug 2009 16:09:00 GMT clean 56:17 SEC, financial, markets, reform, regulation Stephen Fuller, George Mason University. The recession is 20 months old and showing signs of abating. What are these signs and how should they be interpreted? How is the Washington area economy doing compared to the US economy and what is the outlook for the coming year? What kind of recovery is likely and how will we know when normalcy is back? These are the questions that will be addressed in this presentation. Recorded July 30, 2009 Stephen Fuller, George Mason University. The recession is 20 months old and showing signs of abating. What are these signs and how should they be interpreted? How is the Washington area economy doing compared to the US economy and what is the outlook for the coming year? What kind of recovery is likely and how will we know when normalcy is back? These are the questions that will be addressed in this presentation. Recorded July 30, 2009 http://www.national-economists.org/podcasts/nec107.mp3 http://www.national-economists.org/podcasts/nec107.mp3 Sat, 01 Aug 2009 01:56:00 GMT clean 56:48 economic, outlook, recession, recovery Ken Simonson, Associated General Contractors. The American Recovery and Reinvestment Act puts more money into construction at one time than any bill in U.S. history, along with a variety of tax cuts and financial aid to states and individuals. What are the results so far? What can be expected? What else should be done to stimulate the economy?The American Recovery and Reinvestment Act puts more money into construction at one time than any bill in U.S. history, along with a variety of tax cuts and financial aid to states and individuals. What are the results so far? What can be expected? What else should be done to stimulate the economy? Recorded July 23, 2009 Ken Simonson, Associated General Contractors. The American Recovery and Reinvestment Act puts more money into construction at one time than any bill in U.S. history, along with a variety of tax cuts and financial aid to states and individuals. What are the results so far? What can be expected? What else should be done to stimulate the economy?The American Recovery and Reinvestment Act puts more money into construction at one time than any bill in U.S. history, along with a variety of tax cuts and financial aid to states and individuals. What are the results so far? What can be expected? What else should be done to stimulate the economy? Recorded July 23, 2009 http://www.national-economists.org/podcasts/nec106.mp3 http://www.national-economists.org/podcasts/nec106.mp3 Sun, 26 Jul 2009 00:40:00 GMT clean 1:02:41 economic, stimulus, construction, infrastructure Mark J. Lewis, American Institute of Aeronautics. The United States Air Force began as a technology service, and from its beginnings has had a close relationship with the international research community. How that relationship has evolved, and how it impacts the Air Force mission, will be considered. This talk will review the role of basic research in the Air Force and the Department of Defense as a whole. The mission and operation of military scientists and engineers will be discussed, as well as challenges and opportunities for basic and applied research applied to Air Force needs. The impact of DoD support on the overall conduct of research around the world will also be considered. Recorded July 16, 2009 Mark J. Lewis, American Institute of Aeronautics. The United States Air Force began as a technology service, and from its beginnings has had a close relationship with the international research community. How that relationship has evolved, and how it impacts the Air Force mission, will be considered. This talk will review the role of basic research in the Air Force and the Department of Defense as a whole. The mission and operation of military scientists and engineers will be discussed, as well as challenges and opportunities for basic and applied research applied to Air Force needs. The impact of DoD support on the overall conduct of research around the world will also be considered. Recorded July 16, 2009 http://www.national-economists.org/podcasts/nec105.mp3 http://www.national-economists.org/podcasts/nec105.mp3 Mon, 20 Jul 2009 21:18:00 GMT clean 57:08 defense, research, Air Force, aeronautics