According to leaks from the administration, the president's spending blueprint will adhere to the Bipartisan Budget Act agreed to in December that set spending caps for both FY 2014 and FY 2015.The White House is scheduled to release its budget next month on 4 March. This starts the process for the FY 2015 federal budget. Details are leaking out today that the president's budget will reflect his vision for the nation. Under the Budget Impoundment and Control Act, the president is supposed to submit his budget to Congress on the first Monday in February. However, the delays in meeting budget details over the past few years have resulted in the postponement of this budget proposal. The president's budget was submitted to Congress last year on...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
From WPI Consulting
Forecasting developments in production agriculture
On behalf of a private U.S. agricultural technology provider, WPI’s team generated an econometric model to forecast the movement of concentrated corn production north and west from the traditional U.S. Corn Belt. WPI’s model has subsequently provided quantitative support to a multi-million-dollar investment into short-season corn variety development. WPI’s methodology included a series of interviews with regional grain elevators and seed consultants. Emphasizing outreach and communication with stakeholders who possess intimate sectoral knowledge – on-the-ground insights – is a regular component of WPI’s methodologies, made possible by WPI’s ever-growing network of industry contacts.