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CED's 2011-2012 Annual Report

March 20, 2013

Committee for Economic Development's annual report for 2011-2012

To Reform Medicare, Reform Incentives and Organization

November 4, 2011

Alain C. Enthoven's paper, To Reform Medicare, Reform Incentives And Organization, explains how the principles of cost-responsible consumer choice among competing health-insurance plans, sometimes called "managed competition," can both improve quality and reduce cost in the federal government's Medicare program.

After Citizens United: Improving Accountability in Political Finance

September 26, 2011

The vitality of our democracy is being sapped by a rising tide of political spending and a pervasive emphasis on money in the political process. Our political system has taken on the character of a permanent campaign in which elected officials are engaged in a continual chase for campaign dollars and interest groups raise and spend increasingly large sums to gain policy influence. The result is a political environment in which electoral concerns are predominant in policy deliberations and the need for campaign money too often shapes policy actions. Such a system does not serve the best interests of the nation or the business community.

Partial Justice: The Peril of Judicial Elections

September 26, 2011

In the American system of justice, judges are expected to perform their role apart from the "political thicket," free of political pressure and indifferent to public opinion.

Hidden Money: The Need for Transparency in Political Finance

September 26, 2011

The 2012 election is expected to be the most expensive in history -- and it will also be the first presidential campaign in the wake of the Supreme Court's Citizens United decision, which reversed a generation of reforms enacted in the wake of Watergate and opened the door to unrestricted expenditures and secret donations to independent political groups. In advance of the 2012 election, the Committee for Economic Development is announcing a broad coalition of corporate leaders united in their determination to blunt the effects of Citizens United and relieve the enormous political pressure exerted on corporations and executives to spend on political campaigns, which diverts precious resources from jobs and other core business functions.Three CED sister reports outline the major effects of Citizens United on the private sector and urge meaningful voluntary corporate action to resist the "pay to play" business environment the decision created by refusing to spend corporate resources on campaigns -- or, at a minimum, to fully disclose political spending to shareholders and the public. The reports also call for public policy reforms at the state and federal level -- including public financing of congressional and state judicial campaigns.

Austin Texas: An Educator/Business Collaboration in Support of Teacher Compensation Reform

March 10, 2011

The example of how the Austin (TX) Chamber of Commerce has worked over several years with the Austin Independent School District (AISD) to plan and implement a new strategic compensation plan demonstrates how collaboration can help the two sectors better understand each other and work together to develop an important new policy initiative and build public support for it. It illustrates how a community of concerned stakeholders can work together to accomplish the common goal of ensuring that all AISD's students are successful.

More Districts Adopt Innovative Teacher Pay Plans

March 10, 2011

In 2009 the Committee for Economic Development called on district and state education officials to revamp the way that teachers are paid. New compensation systems are needed to attract highly qualified individuals into teaching under labor market conditions that have changed substantially since the typical framework for teacher salaries was adopted.

This Way Down to a Debt Crisis

January 1, 2011

What will happen if the United States continues to ignore the size and growth of the national debt? This Way Down to a Debt Crisis is a "magazine from the future" that "reports" what might happen if the nation does not address the many dangers posed by rising national debt.What would a genuine debt crisis look like? This Way Down looks at several possible outcomes if public debt continues to rise at current rates. Scenario articles include, "Quake from Treasury Default Spreads," Emergency Government Cutbacks Continue," "'Stagflation' Returns," "Why Slower Wage Growth?," and :"A Narrow Escape." "This Way Down shows dramatically the risks of the troubling fiscal policy followed by the United States for decades. Now is the time for a real debate on our federal budget misbehavior. Our economic future demands fixing our structural deficit," said Dr. Joseph J. Minarik, CED's Senior Vice President and Director of Research, who prepared the report. This Way Down to a Debt Crisis outlines several "alternative futures" -- the potential consequences of, and a possible political solution for, a U.S. debt crisis -- as they might occur, through hypothetical news articles. Although these articles are of course fictitious, and include fictitious characters to illustrate the human consequences, they are based on sound economics and finance. Because the future is unknowable, it is by no means certain that any one of these scenarios will occur as described. In fact, the future is highly likely to surprise us in many respects. However, CED believes that these scenarios reflect well the serious outcomes of continued policy failure in the stewardship of the federal budget.

Health Care in California and National Health Reform

June 22, 2010

CED believes that the U.S. employer-based health insurance system is failing -- and the recently enacted health reform, the Patient Protection and Affordable Care Act (PPACA), will not reverse that dynamic. Fewer American workers have insurance now than did ten years ago; and fewer American firms are offering health insurance now than did then. Many people do without care because they are not covered, or fear -- with justification -- that one illness or the loss of a job will cost them their coverage. The competitiveness of American firms is threatened by the cost of health insurance. Public budgets at every level of government are eroded by the costs of health care, including costs that previously were paid by employers. Although the new law will create pathways to private coverage for some people who are not insured by their employers, and many others will be made eligible for Medicaid, the clear intent is to maintain employer coverage for as many as possible -- and there is precious little in the law to improve this core structure of the U.S. healthcare system. We have proposed a fundamental restructuring of the health-care system to address this crisis. With the nation having focused on this issue, we have worked to learn what the health-care system of California can teach us about national reform, and how national reform might affect California.

Harnessing Openness to Improve Research, Teaching and Learning in Higher Education

November 5, 2009

Colleges and universities should embrace the concept of increased openness in the use and sharing of information to improve higher education. That is the core recommendation of this report. The report was produced by CED's Digital Connections Council (DCC), a group of information technology experts that advises CED's business leaders on cutting-edge technologies.

In Support of International Trade: Business Leaders Speak Out

October 7, 2009

CED has been a consistent voice in support of U.S. leadership for an open global trade regime. This policy update reiterates a fundamental truth: An open and vibrant trading system is vital to the economic well being of all Americans. During this period of economic distress and heightened sensitivity to the effects of economic policy, it is especially important for the United States to reaffirm its commitment to free and open trade. Historically, business leadership has played a key role in helping the public and its elected representatives to recognize the importance of open trade to our collective prosperity.

Teacher Compensation and Teacher Quality

October 1, 2009

This CED report examines teacher pay and other compensation issues. Schools must be able to compete effectively for college-educated workers who have more career choices and see themselves as more mobile professionally than did earlier generations. Traditional compensation policies for teachers (salary schedules that reward only longevity and academic credentials, and pension policies that penalize mobile teachers and those who do not spend a lifetime career in teaching) are out of sync with the objective of expanding the pool of talented individuals who are willing to teach.