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Mid-Florida Chapter of the American Immigration Lawyers Association (Oct 2018)

10.31.2018

On October 26, 2018 Jeffrey Carr, President and Senior Economist at EPR, addressed the meeting of the Mid-Florida Chapter of the American Immigration Lawyers Association in Clearwater telephonically.  He spoke about the requirements of economic (job) impact studies and the importance of having a “Matter of Ho” compliant EB-5 project business plan in a petitioner’s filing documents.

Click the link below for a copy of his “practice points” summary on these two issues Click the pdf below for a copy of a recent article authored by Mr. Carr which speaks to what immigration lawyers should look for in EB-5 projects using construction expenditure activities to support their EB-5 Program-eligible job creation.  


PDF

BEA Releases Third Quarter GDP Estimate (Advanced) (Oct. 2018)

10.26.2018

 

Real gross domestic product (GDP) increased at an annual rate of 3.5 percent in the third quarter of 2018, according to the advance estimate released by the Bureau of Economic Analysis.  In the second quarter, real GDP increased 4.2 percent.  The second estimate for the third quarter, based on more complete data, will be released on November 28, 2018.

 

The increase in real GDP in the third quarter reflected positive contributions from personal consumption expenditures, private inventory investment, state and local government spending, federal government spending, and nonresidential fixed investment that were partly offset by negative contributions from exports and residential fixed investment.  Imports, which are a subtraction in the calculation of GDP, increased.

 

The deceleration in real GDP growth in the third quarter reflected a downturn in exports and a deceleration in nonresidential fixed investment.  Imports increased in the third quarter after decreasing in the second.  These movements were partly offset by an upturn in private inventory investment.

View the full release at the pdf below.

The second estimate for the third quarter, based on more complete data, will be released on November 28, 2018.


PDF

Vermont Secretary of Administration Press Release (Oct 2018)

10.16.2018

On October 16, 2018, the State of Vermont released state revenue results for the month of September and the first quarter of Vermont’s 2019 fiscal year.  Administration Secretary Susanne Young noted that revenue results were generally upbeat versus the State’s consensus cash flow targets and year-earlier collection levels for sources that were not adversely impacted by the end of the month of September falling on a weekend.  Click the pdf below to view Secretary Young’s press release.


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BLS Releases September 2018 Consumer Price Index (Oct. 2018)

10.11.2018

According to the Bureau of Labor Statistics, the Consumer Price Index for all urban consumers (CPI-U) increased 0.1 percent in September of 2018 on a seasonally-adjusted basis.  An increase in the index for shelter was the main contributor to the monthly increase. 

Excluding the volatile food and energy categories, prices increased by 0.1 percent in September.  The indexes for apparel, motor vehicles insurance, recreation and airline fares increased in September while prices for used cars and trucks and new vehicles both declined.

After a build-up in inflation through much of the year, consumer price pressures moderated in September; a positive sign for workers who have seen larger paychecks mostly eaten up by price increases. From a year earlier, prices rose 2.3 percent, a slowdown from the 2.7 percent gain in August.  Core inflation rose 2.2 percent from a year earlier, the same rate as in August. 

The full press release can be found via the link below.

 

Next release is Wednesday, November 14, 2018, for the October 2018 Consumer Price Index.


PDF

Nobel Prize in Economics for 2018 was awarded to Paul Romer and William Nordhaus (Oct. 2018)

10.09.2018

The Nobel Prize in Economics for 2018 was awarded to Paul Romer and William Nordhaus for work on economic growth, technological change and climate change.  Here are some links from nobelprize.org: 

(Press Release) 
https://www.nobelprize.org/uploads/2018/10/press-economicsciences2018.pdf 

(Popular Summary) https://www.nobelprize.org/uploads/2018/10/popular-economicsciencesprize2018.pdf

(Technical Summary) https://www.nobelprize.org/uploads/2018/10/advanced-economicsciencesprize2018.pdf





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Listen to Jeff...

Jeff Carr was recently invited to participate on a podcast hosted by prominent EB-5 immigration attorney Mona Shah of Mona Shah & Associates Global (“MSA Global”) to discuss EPR’s newly released study on the economic impact of the...


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