New America Policy Papers

At a time when low-income students are underrepresented in higher education and the cost of attendance is becoming increasingly unaffordable, 529 college savings plans have the potential to address issues of college readiness, access and completion.  Savings can help reduce higher education debt, making college more affordable, and has the potential to change aspirations and behaviors of both students and their parents. Research from the asset building field shows that even a relatively small amount of savings may have positive impacts on behavior and educational achievement.

AutoSave is a unique savings plan that automatically diverts through payroll deduction a small amount of post-tax wages into an individual savings account. This new infrastructure nearly seamlessly enables individuals to contribute small amounts of their wages into an accessible, non tax-advantaged savings account. It will be especially valuable for individuals who have limited liquid assets, and who may otherwise be forced to meet emergency needs with high-cost emergency loans.

If children are the future, then looking at a state's educational system is like peering into a crystal ball. California is a state teeming with young children -- 4.7 million under age 8, to be exact. One in every eight young American children lives in California. And many of these children come from minority ethnic and racial backgrounds and speak languages other than English. If Americans want to get a glimpse at our future as a "majority minority" country they don't have to look beyond California.

The current national discussion to expand access and use of broadband occurring in Washington has created an ideal time for foundations to become engaged in the issue. The current economic recession, combined with an unprecedented effort by government to directly invest in the deployment and adoption of broadband, provides an enormous opportunity for community foundations to help support beneficial projects and initiatives in communities across the country. 

There is no doubt that consumer demand for mobile data applications is exploding worldwide. As Smartphones with PC capabilities and broadband aircards gain access to faster 4G networks beginning next year, total wireless data consumption will increase geometrically. Cisco’s annual projection of global Internet traffic predicts a 129% compound annual growth rate (CAGR) for mobile data over the next five years in North America (through 2013).

Meeting consumer demand for mobile data will require some combination of four strategies:

The economy has lost 8 million jobs since the beginning of the recession.   But because the population is growing, we need to create over 9.6 million jobs.  Due to severe job loss and steady population growth, the unemployment rate has soared to 9.8%, nearly as high as during the early 1980s.

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Earlier this year, the Obama Administration released a bold new plan for improving the state of higher education in the United States. Its fiscal year 2010 budget proposal included several items aimed at increasing postsecondary education enrollment and completion rates, and decreasing the financial burden that college represents to many lower and middle class families. [1] These proposals include reforming the federal student loan program, expanding Pell Grants for low-income students, and creating a new College Access and

As a result of the unprecedented 41 drone strikes into Pakistan authorized by the Obama administration, aimed at Taliban and al Qaeda networks based there, about a half-dozen leaders of militant organizations have been killed--including two heads of Uzbek terrorist groups allied with al Qaeda, and Baitullah Mehsud, the leader of the Pakistani Taliban--in addition to hundreds of lower-level militants and civilians, according to our analysis.[1]

What the Government Can Do to Better Promote Job Creation

Timothy J. Bartik, Senior Economist, W.E. Upjohn Institute for Employment Research

The federal government could significantly increase U.S. employment rates over the next two years using targeted job creation policies. Such policies could more quickly turn a jobless recovery into a recovery for workers.

Scholars, policymakers, and practitioners of microfinance are increasingly turning their focus toward devising and offering effective and accessible savings services for the poor. Not only have experts argued that demand for savings services greatly exceeds that of microcredit, but many also contend that savings-led programs and products, with a focus on building assets, may be more effective than credit in providing a pathway out of poverty.

Back in 2007 we used to refer to the current crisis as the "U.S. subprime crisis". But while it was the area where troubles first emerged, the subprime mortgage sector turned out to be only the tip of the iceberg. Today, the Lehman crisis of mid September 2008 is still widely seen as the critical blunder that pushed the U.S. and world economies off the cliff. And yet, the Lehman bust may have been no more than just the trigger of an implosion of underlying financial… more

The Open Technology Initiative of the New America Foundation is calling for Truth-in-Labeling by our nation's broadband operators. Drawn from similar useful disclosure requirements by lenders, these Broadband Truth-in-Labeling disclosure standards will give the marketplace a much-needed tool that clarifies and adds meaning to the terms and conditions of the service being offered. 

In undertaking the task of rebuilding a viable financial system in the aftermath of the 2008-09 Wall Street meltdown, the principle that should guide all discussions should be straightforward:  how to design measures that are capable of promoting both financial stability and broadly-shared social welfare. 

Executive Summary

When the Federal Communications Commission delivers a National Broadband Plan to Congress in February 2010 the United States will not be among the first countries to implement a national broadband strategy. Taiwan, Japan, and Korea all introduced national broadband strategies in the beginning of this decade and fifteen European Union Member states proposed National Broadband Strategies in 2003. This report reviews successful strategies and goals from six of these countries: Japan, Korea, Finland, Sweden, Denmark, and Taiwan.

Fiscal conservatives are opportunistically looking to use the recession induced spike in the budget deficit to revive their crusade for fiscal austerity. The case for fiscal austerity is based on flawed economic analysis and it is not supported by thoughtful budget analysis. It was the wrong agenda before the crisis and it is even more wrong now.

It might be called the "World's Scariest Chart."  It is a snapshot of the fragile foundations of the American economy and the epic boulder it now finds itself trapped beneath. The graph shows total debt outstanding in the United States, both secured and unsecured, as a percentage of GDP. In 1981 it was a manageable 168 percent, in 1996 253 percent, and by the first quarter of 2009 with the collapse of the housing and credit bubbles it had reached a staggering 373 percent of GDP.

 

There are 40 million persons living in the U.S. who lack a bank account. Many of these "unbanked" individuals lack sufficient identification necessary to meet banks' customer identification verification procedures, which are required by the Bank Secrecy (BSA) and USA PATRIOT Acts. Research shows that insufficient identification is one of the top three reasons for account denial and that customers who are denied a bank account once often do not return to a bank again.

The Passageway Account Proposal

Determining an appropriate definition of broadband is a critical part of the Commission's development of a National Broadband Plan. An appropriate definition is essential not only for establishing "what is broadband" and "where is it available," but also for shaping the future trajectory of telecommunications innovation in the United States.  The Open Technology Initiative of the New America Foundation makes the following recommendations for the Commission to consider in defining broadband:  

"The Koizumi reforms" was one of the portmanteau concepts most commonly bandied about in Japanese political debates in the summer of 2009 as the parties geared up for the August election. Japan had in fact embarked on its neo-liberal agenda of deregulation and privatization well before the charismatic Mr. Koizumi laconically offered his "no gain without pain" recipes, but it was pushed with most enthusiasm during his premiership from 2001 to 2006.