Alan W. Dowd is a Senior Fellow with the American Security Council Foundation, where he writes on the full range of topics relating to national defense, foreign policy and international security. Dowd’s commentaries and essays have appeared in Policy Review, Parameters, Military Officer, The American Legion Magazine, The Journal of Diplomacy and International Relations, The Claremont Review of Books, World Politics Review, The Wall Street Journal Europe, The Jerusalem Post, The Financial Times Deutschland, The Washington Times, The Baltimore Sun, The Washington Examiner, The Detroit News, The Sacramento Bee, The Vancouver Sun, The National Post, The Landing Zone, Current, The World & I, The American Enterprise, Fraser Forum, American Outlook, The American and the online editions of Weekly Standard, National Review and American Interest. Beyond his work in opinion journalism, Dowd has served as an adjunct professor and university lecturer; congressional aide; and administrator, researcher and writer at leading think tanks, including the Hudson Institute, Sagamore Institute and Fraser Institute. An award-winning writer, Dowd has been interviewed by Fox News Channel, Cox News Service, The Washington Times, The National Post, the Australian Broadcasting Corporation and numerous radio programs across North America. In addition, his work has been quoted by and/or reprinted in The Guardian, CBS News, BBC News and the Council on Foreign Relations. Dowd holds degrees from Butler University and Indiana University. Follow him at twitter.com/alanwdowd.

ASCF News

Scott Tilley is a Senior Fellow at the American Security Council Foundation, where he writes the “Technical Power” column, focusing on the societal and national security implications of advanced technology in cybersecurity, space, and foreign relations.

He is an emeritus professor at the Florida Institute of Technology. Previously, he was with the University of California, Riverside, Carnegie Mellon University’s Software Engineering Institute, and IBM. His research and teaching were in the areas of computer science, software & systems engineering, educational technology, the design of communication, and business information systems.

He is president and founder of the Center for Technology & Society, president and co-founder of Big Data Florida, past president of INCOSE Space Coast, and a Space Coast Writers’ Guild Fellow.

He has authored over 150 academic papers and has published 28 books (technical and non-technical), most recently Systems Analysis & Design (Cengage, 2020), SPACE (Anthology Alliance, 2019), and Technical Justice (CTS Press, 2019). He wrote the “Technology Today” column for FLORIDA TODAY from 2010 to 2018.

He is a popular public speaker, having delivered numerous keynote presentations and “Tech Talks” for a general audience. Recent examples include the role of big data in the space program, a four-part series on machine learning, and a four-part series on fake news.

He holds a Ph.D. in computer science from the University of Victoria (1995).

Contact him at stilley@cts.today.

Bidenflation: Spending Expectations Jump to New Record High

Monday, May 9, 2022

Categories: ASCF News Economic Security

Comments: 0

Source: https://www.breitbart.com/economy/2022/05/09/bidenflation-spending-expectations-jump-to-new-record-high/

The jump was driven by a change in expectations among older Americans. The median expectation for spending among Americans over 59 years old jumped to a rise of 9 percent from 7.9 percent a month ago and 4.7 percent a year ago. Consumers under 40 expect to spend 6.6 percent more, the same as they did in March and up from 4.5 percent a year earlier. Consumers between 40 and 59 expect to increase their spending by 7.8 percent, down from 8.4 percent in March but up from 4.5 percent a year ago. Households earning less than $50,000 expect to increase spending by 9.1 percent, even with March and up from 4.5 percent a year ago. Households with over $100,000 of income see their spending rising 8.1 percent over the coming year. Those households with more than $50,000 and less than $100,000 in income see spending rising 8.1 percent. Despite the rising spending plans, the New York Fed regional said that consumers see 6.3 percent inflation in April, down from 6.6 percent in March. That change appears to be driven by a decline in expectations in gas price hikes. The median expected increase in rent hit a record high. Longer-term expectations for inflation moved higher. Over the next three years, inflation expectations rose to 3.9 percent from 3.7 percent in March. Uncertainty about inflation rose to a new record high in April.

Public expectations of household spending rose to a record high in April, data from the Federal Reserve Bank of New York showed Monday.

The New York Fed said that households expect their spending to rise by 8 percent over the next year, up from 7.7 percent in March and 4.6 percent a year ago.

The jump was driven by a change in expectations among older Americans. The median expectation for spending among Americans over 59 years old jumped to a rise of 9 percent from 7.9 percent a month ago and 4.7 percent a year ago. Consumers under 40 expect to spend 6.6 percent more, the same as they did in March and up from 4.5 percent a year earlier. Consumers between 40 and 59 expect to increase their spending by 7.8 percent, down from 8.4 percent in March but up from 4.5 percent a year ago.

Households earning less than $50,000 expect to increase spending by 9.1 percent, even with March and up from 4.5 percent a year ago. Households with over $100,000 of income see their spending rising 8.1 percent over the coming year. Those households with more than $50,000 and less than $100,000 in income see spending rising 8.1 percent.

Despite the rising spending plans, the New York Fed regional said that consumers see 6.3 percent inflation in April, down from 6.6 percent in March.

That change appears to be driven by a decline in expectations in gas price hikes. The median expected increase in rent hit a record high.

Longer-term expectations for inflation moved higher. Over the next three years, inflation expectations rose to 3.9 percent from 3.7 percent in March. Uncertainty about inflation rose to a new record high in April.

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