The unfunded liabilities from Texas’ many state and local defined benefit pension plans, or the amount a pension fund’s assets cannot cover its liabilities, have snowballed over time and have recently reached unprecedented ...

Wind power is a growing source for electricity generation in the United States, and wind power now providing over 6% of our electricity. In Texas wind is responsible for 15% of electricity production, and Texas produces ...

The authors study the time varying effects of monetary policy on the stock returns in order to capture changes in the effectiveness of monetary policy over time. They find that a one percentage point surprise federal funds ...

Besides risk aversion, decision makers are often assumed to be downside risk averse. In order to investigate tradeoffs that downside risk averse decision makers face, this paper proposes five stochastic orders, each ...

The latest projections from the Congressional Budget Office are worrisome and were expected to be so. In fact, federal debt held by the public is projected to be 106% of GDP by 2028 and deficits are expected to persist ...

This presentation focuses on the coronavirus pandemic and its impact on College Station-Bryan and the state of Texas. The attached presentation includes information on: · Updated national Unemployment Insurance claims and ...

Simply put, the less Americans drive, the less gas they use. More driving, more gas. The negative effects of gasoline consumption are well-documented, ranging from local effects of automobile pollution on individuals' ...

As reliable electricity is needed to form and sustain successful businesses, power is critically important for economic growth, especially for developing countries in Sub-Saharan Africa. In urban areas where most residences ...

Popularized by the OECD’s PISA rankings of a few dozen countries/regions according to the test results of their 15 year olds, Asian students’ impressive academic achievements are now well known. Each of the top five ...