Are welcoming to governors with us. They both served 23 2011. Right in the meat of the last recession and prior to it. So this panel is going to be a bit of a History Lesson. I think they put this off, depressingly wonderfully. If you can say that is a phrase. Ive heard him speak a few times. Ive never heard him speak on something negative. This is going to be a bit of a History Lesson so i want to set the stage of it or what was going on in the years and months leading up to when it started. So its just a reminder, the Great Recession started in the end of 2007 and it was the largest instate revenue on record. By 2010, a loss of 191 billion in total revenue that they glossed from the downturn. In times of economic downturn, theres more pressure on services and things that confiscate more money. You have the effect of more budget pressure and money disappearing. Id like to set the stage a bit for these two states. For vermont, heading into 2009, before the stimulus began kicking in, th
It is like to lead a state through our recession. Good morning. Im a policy writer and today we are welcoming to governors with us. They both served 23 2011. Right in the meat of the last recession and prior to it. So this panel is going to be a bit of a History Lesson. I think they put this off, depressingly wonderfully. If you can say that is a phrase. Ive heard him speak a few times. Ive never heard him speak on something negative. This is going to be a bit of a History Lesson so i want to set the stage of it or what was going on in the years and months leading up to when it started. So its just a reminder, the Great Recession started in the end of 2007 and it was the largest instate revenue on record. By 2010, a loss of 191 billion in total revenue that they glossed from the downturn. In times of economic downturn, theres more pressure on services and things that confiscate more money. You have the effect of more budget pressure and money disappearing. Id like to set the stage a bi
Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Test. Captioning performed by vitac there are some well known differences in the current economic environment compared to past environments that make the yield curve a little less of an indicator. The probabilities are pretty high. If you take the unjusted measure, and the other financial variabilities, a year from now, the Second Quarter of 2020, the probability of recession is roughly twothirds. If i make an adjustment, its still high, its not far away. The shaded bars represent recessions. Every time this measure goes over 40 , weve had a recession. And theres a lot of more fundamental reasons to be a little nervous about whats going on out there and why recession risks are high. If you look globally, a number of Major Economies are already in recession or pretty close. Germany, italy, the uk, brexit is complicating things for them. Mexico, brazil, singapore, its small but most open economy on
Hello and welcome to the American University. My name is caroline and i am a tax professor and managing direct center here in the school of business. I wanted to take a quick moment to introduce you to the tax li that dont know as we are a nonpartisan Research Center housed in the school of business and we put out research on issues ranging from Small Business literacy and education to Tax Compliance challenges the independto capital challenges of Business Owners and importantly for today, Tax Administration c challenges. More broadly, we are experts on aia analytics and Digital Transformations and we build this expertise into the research and curriculum for example the Research Center earlier this year together with ibm center of the business of Government Produced research on how tax agencies can effectively adopt and deploy aai. The research reflects opportunities and challenges for those using ai and we were able to draw on comments from the commissioner, other irs folks into tax a
Hello and welcome the American University. My name is caroline and i am a tax professor and managing director at the tax policy of business. I wanted to take a quick moment to introduce you to the Tax Policy Center for thoseont knoa nonpartisan Research Center housed in the school of business and we put out research on business literacy and education to Tax Compliance challenges the independent workforce, access to jcapital challenges of Business Owners and importantly for today, Tax Administration challenges. Broadly, we are experts on aia analytics and Digital Transformations and we build this expertise into the researce Research Center earlier this year together with ibm center of the business of Government Produced research on agencies can effectively adopt and deploy aai. The research reflects challenges for those using ai and we were able to draw on comments from the mmissioner, folks into tax agency administrations from around the world to talk about how aia has the potential to