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Federal Funding for State Innovation

Stimulus Contributes to GDP Growth

Last week marked the 80th anniversary of the stock market crash of 1929.  While parallels can be drawn between the Great Depression and the lingering repercussions of the most recent recession -- high unemployment and foreclosure rates, steep decline in tax revenue, and the need for massive government spending -- the United States posted positive economic growth in the third quarter of 2009.  The Bureau of Economic Analysis (BEA) released an advance estimate last Thursday, reporting that in the third quarter, real gross domestic product (GDP) increased 3.5%

ARRA Funding Opportunity for Programs to Improve Rx Safety and Cut Costs

The Agency on Health Research and Quality (AHRQ) is accepting Letters of Intent until November 18, 2009, for grants of up to $1.5 million that can be used to create an academic detailing initiative.  States are establishing "academic detailing" initiatives, or “Prescriber Education Programs”,  to help physicians stay on top of the latest scientific information about drug quality and effectiveness and to reduce the industry’s influence over physicians' prescribing decisions.  The ARRA funds are available for academic detailing as part of comparative effectiveness research initiatives.

Stimulus Delivering Jobs & Preserving State Education Programs

In his major stimulus speech in January, President Barack Obama stated, "I am confident [the stimulus] will save or create at least three million jobs over the next few years."  In particular, he emphasized that state fiscal relief "will save the public sector jobs of teachers, cops, firefighters and others who provide vital services."

Job Losses and State Fiscal Crises: Time for More Federal Stimulus Spending

The numbers from this month's job report were brutal: 263,000 payroll jobs lost in a month and the unemployment rate hit 9.8 percent.  Since the pre-recession peak, the economy has lost 7.2 million jobs and overall hours worked have now declined by 8.6 percent.  A record share of the unemployed (35.6 percent) are “long-term unemployed” and have been out of work for at least six months.