Hosted by BPC’s Economic Policy Program, the forum featured a panel discussion among prominent economists on the outlook for the U.S. economy and housing market in 2014.
BPC hosted a panel to explore the implications of reform for Pennsylvania and the nation. The event brought together a group of politically diverse individuals with unique, extensive understanding of issues surrounding immigration reform and its potential effects on local Pennsylvania communities.
The panel discussion examined the president's likely legislative agenda and policy direction for the country in the coming year. After a record low year of legislative activity, will a "do nothing" congressional reputation finally force a bipartisan break-through on the gridlock in Washington?
Developed countries such as the United States are aging rapidly, and many face population stagnation or decline. This “demographic transition” threatens future economic growth and has major implications on the international stage. Although the connection is often overlooked, these trends make the U.S. immigration system a powerful asset - immigrants sustain healthy population growth and make the overall U.S. population younger, giving the U.S. a demographic advantage over other developed countries.
Following mass protests last summer and a damaging corruption scandal in December, Turkish Prime Minister Tayyip Erdoğan’s hold on power is much weaker than it would have appeared a year ago. In fact, a serious rift within the ruling Islamic conservative movement has developed over the past two years. While seeking to increase his personal power, Mr. Erdoğan has grown more authoritarian, alienating important elements of his coalition, including President Abdullah Gül and the influential movement led by U.S.-based preacher Fethullah Gülen. This formerly subdued rift is now very public and increasingly ferocious. The growing conflict within the Islamic conservative base raises the question whether Mr. Erdoğan will be able to hold on to power very long. And if not, how would a post-Erdoğan Turkey look? What would it mean for U.S. interests?
Last month, hundreds of thousands of demonstrators gathered in Kiev’s Independence Square to protest against Ukrainian President Viktor Yanukovych’s rejection of the E.U. and turn towards Russia. Multiple issues are at stake in Ukraine’s seemingly simple—East or West?—decision. For protestors, Yanukovych’s embrace of Russia symbolizes the unfulfilled democratic potential of the 2004 Orange Revolution. But Ukraine is also teetering on the edge of bankruptcy and dependent on Russian energy, and Moscow offered Kiev supposedly unconditioned financial inducements that the E.U. and U.S.
As implementation of Dodd-Frank continues, some questions remain. Does Dodd-Frank permit our financial regulatory system to effectively handle all types of financial institutions, or did it impose a bank-centric regulatory framework capable of causing major problems for non-banks? Do regulators appreciate the difference between banks and non-banks? Do they have the legal flexibility to make appropriate distinctions?
Senators Tim Johnson (D-SD) and Mike Crapo (R-ID), chairman and ranking member, respectively, of the Senate Committee on Banking, Housing and Urban Affairs, headlined a discussion on the role of private capital in a reformed housing finance system.
BPC held the first in a series of events leading up to the July 2014 event to commemorate 10 years since the release of the 9/11 Commission report. We evaluated the state of intelligence reforms since the 2004 Intelligence Reform and Terrorism Prevention Act, determining if in the post-Snowden era, our intelligence capabilities are where they need to be to meet the threat facing our nation.