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March 5, 2024 

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WORKERS' COMPENSATION: A government-run insurance program that provides benefits to workers injured on the job. Funding for these benefits come from premiums paid by employers. The federal government mandates the program, but it's administered by each of the states. This creates a great deal of diversity, with some states having good benefits and high premiums (sort of pro labor), while others have lousy benefits and low premiums (pro business). In addition to differences among states, premiums also differ based on a business's historical record of accidents. Those companies with a higher number of industrial accidents pay more in premiums than those with fewer accidents.

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ECONOMIC REPORT OF THE PRESIDENT: An annual report of the economic performance of the U.S. economy written by the Chairman of the Council of Economic Advisors (CEA). It provides an overview of the nation's economic progress. A goal of the report is to provide the President with objective economic analysis and advice on the development and implementation of a wide range of domestic and international economic policy issues. The Council of Economic Advisors, the governmental body responsible for the report, was established by the Employment Act of 1946. The Economic Report of the President has been published every year since 1950.

     See also | Brookings Institution | National Bureau of Economic Research | Conference Board, The | Bureau of Economic Analysis | Bureau of Labor Statistics | Nobel Prize in Economic Sciences | Congressional Budget Office | government | employment | production | real | income | budget | labor force | Council of Economic Advisors | asymmetric information | National Bureau of Economic Research | federal deficit | Federal Reserve System | business cycle | American Economic Association | economist | political views | laissez faire | business cycles | positive economics | full employment | economic growth | economic thinking | economic analysis | economic system | mixed economy | capitalism |


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INVESTMENT BORROWING

The acquisition of funds through the financial markets by the business sector which are used to finance investment expenditures on capital goods. In terms of the simple circular flow model, this is one of two basic demands for household saving diverted into financial markets. The other is government borrowing.

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Today, you are likely to spend a great deal of time waiting for visits from door-to-door solicitors trying to buy either a birthday gift for your grandmother or a T-shirt commemorating yesterday. Be on the lookout for the happiest person in the room.
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Rosemary, long associated with remembrance, was worn as wreaths by students in ancient Greece during exams.
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