Many of the securities laws are spread over circulars, which are vague and ever-changing. It is not clear how ordinary companies can keep track with daily changes and excessive complexity of regulations.

Sebi must ensure that no one is hanged without a fair hearing, levy of penalty on Reliance speaks about the regulator’s firmness, a reader said.

Cement is a perfect barometer to gauge economic activity. On May 5, a day after India began a graded opening up in its fight against the scourge of the novel coronavirus, economic activity could be tracked by the movement of rakes carrying cement: 7 out of every 10 trains were chugging towards green and orange zones, bypassing the prosperous districts in the red zone.The government, by then, had colour-coded all 733 districts in the country. The 130 districts that were the worst affected by Covid-19 were in the red zone. Suddenly, the country’s biggest and most vital commercial hubs such as Mumbai, Delhi, Pune, Ahmedabad and Chennai were hotspots. The virus-free 319 districts were coded green and the rest 284 districts, which were only moderately affected, were called orange. The many guidelines issued by the Ministry of Home Affairs, state chief secretaries and even resident welfare societies boiled down to the same thing — the harshest lockdown will be in the red zone, there will be partial relaxation in orange zones while green will be opened up, albeit with conditions.Cement movement is a good measure of economic activity on the ground as it is often ferried straight to project sites. When the nationwide lockdown began on March 25, all non-essential work, including construction, came to a grinding halt. And the rakes carrying cement stopped running. 75649505The railway data, previewed by ET Magazine, shows that 254 trains carrying cement were on the move on May 5 when Lockdown 3.0 began: 84 of them were travelling towards green zones, 99 to orange and only 71 to red.India in Numbers- Source: McKinsey (% of population- 2011 census)Total Districts in India: 733GREEN ZONE- 319 Districts- 24 per cent populationORANGE ZONE- 284 Districts- 43 per cent populationRED ZONE- 130 Districts- 33 per cent population49-57% Economic activity during the lockdown 41% Red districts’ share of economic activities 50% Share of red districts in households with annual disposable income of over Rs 4.85 lakh 143 mn Minimum number of inactive non-farm workers during lockdown (Note: Green districts are Covid-free for previous 21 days; red and orange zones are identified on the basis of positive cases, doubling rate, testing, etc.)The colour-coded division and lockdown of India raises three big questions. One, are the green and orange zones robust enough to fire up the nation’s $2.7 trillion economy? Two, can the lockdown in the red zones be stretched beyond May 17 even as the number of Covid-19 cases in the country jump to about 60,000 on Saturday morning, with almost all of the new active cases coming from the red districts? Three, if the lockdown is prolonged in the metropolises, have we calculated the impact on the economy? In essence, how should India navigate a health emergency and an economic crisis — both unprecedented in its nature and magnitude? 75649443Bibek Debroy, chairman of the Prime Minister’s Economic Advisory Council, resorts to Greek mythology to explain the dilemma India is in and the possible way out for it. Homer’s hero Odysseus, Debroy says, chose to sail closer to the sea beast Scylla and lose a few sailors, rather than lose his entire ship by travelling near the monstrous whirlpool Charybdis. In Debroy’s telling, the sea monster Scylla is the Covid pandemic and Charybdis is the economic toll. (See the column, “The Ship Inches a Little Away From Whirlpool”).That Greek myth could be a clue to what the Indian government is likely to do after May 17: lift the clampdown on entire districts and impose severe restrictions only on containment zones; kick-start the economy even as Covid cases and the death toll rise alongside. Says Debroy: “Mortality and morbidity apply to enterprises too; MSMEs more pronounced than most. The baseline GDP growth was already in slowdown mode and a capital crunch was compounded by lockdown’s labour constraint. There were both supply and demand shocks. That Scylla/Charybdis metaphor is apt, because Homer’s account tells us what Odysseus did.” 75649534“All the big cities are in red zones. Even if a factory opens in orange or green zone, who will it produce for? Red zones cannot turn orange quickly. So will you not allow the sale of nonessential items in red zones?” Arvind Mediratta, MD & CEO, Metro Cash & Carry.The worry about the nation’s economic health is palpable. If the lockdown continues in the commercial hubs any longer, the losses will pile up for many companies; the smaller firms likely to go under first. It will have a debilitating effect on the economy in general and jobs in particular. The Indian economy would be on the ventilator then.As those cement-carrying rakes show, there are many factories in orange and green zones as well, miles away from city limits. Work can begin there, and some have already started production. 75649555“There is total disruption. Supply chains are badly affected. Liquidity is a big issue. The govt must announce a stimulus package. I also urge the govt to stop the imports of all products that can be made in India” Gautam Singhania, CMD, RaymondBut the million-rupee question is, who are they producing for? The 130 districts in the red zone are critical centres of not just production but also consumption. Even as they account for 41% of national economic activity, 38% of industrial output and 40% of non-farm employment, they also have half of India’s consuming-class households — those with an annual disposable income of more than Rs 4.85 lakh each — according to a recent McKinsey report titled “Reopening India: Implications for Economic Activity and Workers”.Breaking the Value ChainFurthermore, dividing swathes of the country into zones and restricting movement of goods and people will have a disastrous effect on production, labour, supply and distribution chains, which are deeply intertwined. In the textiles sector, for example, if cotton is bought in the western parts of India, yarn is spun in the north and west, while weaving mostly takes place in the south, and apparel is manufactured in clusters in the north and south, as the McKinsey report further points out. Similarly, in the chemical industry, the acetic acid value chain supplies to a variety of industries such as pharmaceuticals, pesticides, paper, food processing and construction. Any blockage will have a ripple effect on sectors.Arvind Mediratta, managing director and CEO of Metro Cash and Carry, says dividing the country into colour-coded districts is unrealistic and the rules guiding it are arbitrary. “It seems those who designed it (colour-coded zones) are not aware of ground realities. All the big cities are in red zones. Even if a factory opens in orange or green zone, who will it produce for? Also, the implementation on the ground is arbitrary. In red zones today, you can buy liquor but not kitchen items,” says Mediratta.Mohit Anand, managing director of Kellogg, South Asia, says solutions have to be found locally. “Each region has its own issues, each warehouse and factory has a different problem. India is like 21 countries put together and, hence, the solutions also have to be hyperlocal in nature,” he says. In red zones, not only are malls and market places shut but ecommerce firms are barred from selling non-essential items. An Amazon spokesperson says when restrictions were lifted, the company saw a huge demand from orange and green zones for smart devices, kitchen appliances, baby clothes and products related to study-from-home. “The opening up of these areas for ecommerce has meant that thousands of small businesses received orders for the first time in the past many weeks of lockdown,” the spokesperson adds. Consumers and businesses in the red zone, meanwhile, have to wait. 75649590“MMCAS (manufacturing, mining, construction and allied services) constitutes about 50% of GVA and about 35% of employment. This segment must be freed up, even in red zones” Arvind Virmani, Former chief economic adviser.Out of WorkThe lockdown has seen a massive reverse migration of workers. Deprived of work and wages for weeks, hundreds of thousands of labourers have left cities. In sheer desperation, many hid in trucks and freight trains and trudged hundreds of kilometres to reach home. It was only after 40 days of lockdown that the government arranged special trains for them— by Saturday, 302 trains have ferried around 3.4 lakh migrant workers to their native states.Some states are worried about reverse migration at a time when factories are reopening and life in green pockets are returning to normalcy. Karnataka even made an abortive attempt to stop such special trains to stonewall the return of migrant labourers. Rajasthan Deputy Chief Minister Sachin Pilot says workers should be persuaded to stay back. He says: “There is a cost to the migrants’ travelling back to their native districts. Once a worker goes home, she won’t return in the next three-four months. I feel that only those who are desperate and determined to return home should go; the rest should stay back, taking temporary jobs. They won’t be gainfully employed in their native areas.” The loss of workforce will particularly affect states such as Maharashtra, Delhi, Andhra Pradesh, Telangana, Karnataka and Kerala that rely heavily on migrant workers in construction and services sectors. 75649620“After Covid-19 there will be new normals: new models of engagement between companies and their clients” Keshav Murugesh, Group CEO, WNS Global ServicesMontek Singh Ahluwalia, former deputy chairman of the Planning Commission, says labourers will not return to cities anytime soon, and it will be one of the factors that will prolong the economic pain. He says green and orange zones cannot help in economic revival “as 60% of the economy is in the red zone”. Even if restrictions in all the zones are lifted, he says, it will take some more time for economic activity to get back to normal. “The reverse migration that has taken place may not be quickly reversed. Recession in the world economy and reduced level of remittances will have a negative impact. Private sector investment plans which have been interrupted will take time to resume. That is why many analysts are predicting that we may see negative growth in 2021, with recovery beginning only next year,” Ahluwalia adds.In this pervasive gloom, some indicators offer flickers of hope. Bengaluru-based trucking platform BlackBuck has seen a spike in bookings on the back of a good harvest. The agri pickup is likely to continue into the kharif season, with the India Meteorological Department forecasting a good monsoon. Cofounder Rajesh Yabaji says: “We have seen 80,000 bookings since we opened up our commission-free platform in April-end. Now, we estimate truck traffic to be at 50% of pre-lockdown trucking movement.”On April 29 and 30, two freight trains originating from Karnataka ferried about 350 new tractors to Rajasthan and Gujarat, responding to demand in western India ahead of the kharif season.Companies are ramping up production of agri-related items to meet seasonal demand from rural India. Hemant Sikka, president, farm equipment sector, Mahindra & Mahindra, says the company has resumed production in its tractor plants in Rudrapur (Uttarakhand), Nagpur (Maharashtra) and Mohali (Punjab) after getting necessary approvals. 75649661“With dealerships opening up, bounty harvest and forecast of a normal monsoon, the tractor industry will perform well” Hemant Sikka, President, farm equipment sector, Mahindra & Mahindra.“The highest levels of safety protocols and social distancing are being ensured at the plants, especially on the shop floor. With dealerships gradually opening up, a bounty harvest and forecast of a normal monsoon, I am positive that the tractor industry will perform well and ensure rural growth and prosperity during the year,” says Sikka.Farming sector is likely to get a boost this year with labourers who are back from the cities lending a hand on the fields. The number of people engaged in work under NREGA (National Rural Employment Guarantee Act) has swelled multiple times. In Rajasthan, as against 62,000 NREGA workers on April 18, there were 16.5 lakh on May 5. All of them are engaged in their own farmland, receiving Rs 220 daily from the government.While agriculture could be a sector to watch out for in the coming months, the Covid-19 crisis will inflict a body blow to sectors such as hospitality and tourism, which are likely to remain dormant for quite some time even after the lockdown is lifted. 75649456After Covid The post-Covid world will be vastly different from the before-Covid universe we have left behind. Keshav Murugesh, group CEO of WNS Global Services and former chairman of Nasscom, says there will be “new normals”. Clients and BPO companies will come up with ingenious models of engagement. Work from home could become the norm even if it leads to productivity loss. “At WNS, we are in no hurry to go back to office in May although work from home would mean productivity would drop to 85%,” says Murugesh, adding that uninterrupted power supply at homes is essential for making the model a success in the longer term.Saugata Gupta, managing director of consumer goods company Marico, says they are strategising on new pricing to sell their products effectively in a post-Covid environment. “We have to be cognisant of the fact that with mounting pressure on consumers’ disposable income, there will be a risk of downtrading. So, one has to be very careful on pricing, and we have to ensure a good value to consumers. Any gains on input costs need to be passed on to consumers,” says Gupta, adding that the opening up of green zones is good news for them as many of their products are popular in rural markets. 75649645“Each region has its own problems. India is like 21 countries put together, and solutions also have to be hyperlocal in nature” Mohit Anand, MD, Kellogg, South AsiaGautam Singhania, chairman and MD of Raymond, says there seems to be a communication gap between the Centre and states. He says: “There is total disruption. The supply chains are badly affected. Liquidity is a big issue and banks are not willing to pump in cash now. It is high time the government took this up, and announced a stimulus package.” He proposes a ban on imports. “For one year, we should follow the motto of buying only Indian products. I urge the government to stop imports of products that can be made in India. This is a question of survival.”India Inc, by and large, has come to terms with the new reality that till a vaccine for Covid-19 is discovered, the companies will be forced to shed some productivity by allowing employees to work from home and by deploying fewer labourers to ensure social distancing.The government, however, cannot remain in stasis till a vaccine is discovered. It has to take a call on whether a blanket ban on economic activities in red districts is the way forward. Former chief economic adviser Arvind Virmani says economic activities should be allowed in red zones. “We estimate that MMCAS (manufacturing, mining, construction and allied services) constitutes about 50% of GVA (gross value added) and about 35% of employment. This segment of economy must be freed up entirely, even in red zones, with restrictions such as physical distancing,” he says.The virus is not going away anytime soon. The hastily drawn colour codes will have to be smudged away now. Otherwise, an economic contagion will be upon us.Read More1. Our first objective is to provide value to customers: Saugata Gupta, MD, Marico2.Economy likely to show negative growth in current year: Montek Singh Ahluwali3. Rajasthan’s thrust will be on textile, agriculture and domestic tourism: Sachin Pilot4. With a phased opening, India tries to avoid a grave economic toll: Bibek Debroy

Economic Survey 2020: Here's everything you need to know

Mortality and morbidity apply to enterprises, too; MSMEs more pronounced than most. Baseline GDP growth was already in slowdown mode and a capital crunch was compounded by lockdown’s labour constraint.

The yen, which investors typically snap up as a safe haven in times of financial market stress, fell nearly 10% against the dollar this month, as pandemic fears spurred a stampede into the refuge of the world's most powerful currency.

Will Marble writes: I’m a Ph.D. student in political science at Stanford. Along with colleagues from the Stanford medical school, law school, and elsewhere, we recently completed a white paper evaluating the evidence for and tradeoffs involved with shelter-in-place policies. To our knowledge, our paper contains the widest review of the relevant covid-19 research. It […]

Declining state and local government spending really can make an economic downturn worse. And this recession is bad enough already.

On Tuesday, June 9, 2009, the National Park Service began a project to reconstruct the South Kaibab Trail in Grand Canyon National Park. The project is funded, in part, with funds from the American Recovery and Reinvestment Act. https://www.nps.gov/grca/learn/news/grand-canyon-national-park-begins-trail-reconstruction-project-using-funds-received-under-presidents-economic-recovery-plan.htm

Grand Canyon National Park Tourism Creates Over $467 Million in Economic Benefit https://www.nps.gov/grca/learn/news/grand-canyon-national-park-tourism-creates-over-467-million-dollars-in-economic-benefit.htm

A new National Park Service (NPS) report shows that over 4.4 million visitors to Grand Canyon National Park in 2012 spent $454 million in communities near the park. That spending supported 6,010 jobs in the local area. https://www.nps.gov/grca/learn/news/tourism-to-grand-canyon-national-park-creates-454-million-in-economic-benefit.htm

A new National Park Service (NPS) report shows that 4,564,841 visitors to Grand Canyon National Park in 2013 spent $476,194.8 million in communities near the park. That spending supported 6,238 jobs in the local area. https://www.nps.gov/grca/learn/news/tourism-to-grand-canyon-national-park-creates-476-million-dollars-in-economic-benefit-report-shows-visitor-spending-supports-6238-jobs-in-local-economy.htm

A new National Park Service (NPS) report shows that over 4.7 million visitors to Grand Canyon National Park in 2014 spent $509 million in communities near the park. https://www.nps.gov/grca/learn/news/grand-canyon-tourism-creates-509-million.htm

A new National Park Service (NPS) report shows that 5.5 million visitors to Grand Canyon National Park in 2015 spent $584 million in communities near the park. https://www.nps.gov/grca/learn/news/tourism-economic-benefits-2015.htm

A new National Park Service (NPS) report shows that 5,969,811 visitors to Grand Canyon National Park in 2016 spent $648,170,900 in communities near the park. https://www.nps.gov/grca/learn/news/econ-benefit-2016.htm

A national park service report shows that more than 6.2 million visitors to Grand Canyon National Park in 2017 supported the local economy. https://www.nps.gov/grca/learn/news/2017-gcnp-economic-benefit.htm

A new National Park Service (NPS) report shows that the 6.3 million visitors to Grand Canyon National Park in 2018 spent $947 million in communities near the park. That spending supported 12,558 jobs in the local area and had a cumulative benefit to the local economy of $1.2 billion. https://www.nps.gov/grca/learn/news/grand-canyon-economic-benefit.htm

Millions of people head to federal lands every year for recreation—891 million visits in 2016 alone. These visits have significant economic implications, not only for restaurants, resorts, outfitters, and other businesses near recreation sites, but also for the people actually participating in outdoor recreation.

This report examines socioeconomic changes that took place between 1990 and 2003 on and around lands managed by the Klamath National Forest in California to assess the effects of the Northwest Forest Plan (the Plan) on rural economies and communities there. Three case communities were studied: Scott Valley, Butte Valley, and Mid-Klamath.

The socioeconomic monitoring report addresses two evaluation questions posed in the Northwest Forest Plan (the Plan) Record of Decision and assesses progress in meeting five Plan socioeconomic goals. Volume I of the report contains key findings. Volume II addresses the question, Are predictable levels of timber and nontimber resources available and being produced? It also evaluates progress in meeting the goal of producing a predictable level of timber sales, special forest products, livestock grazing, minerals, and recreation opportunities. The focus of volume III is the evaluation question, Are local communities and economies experiencing positive or negative changes that may be associated with federal forest management? Two Plan goals are also assessed in volume III: (1) to maintain the stability of local and regional economies on a predictable, long-term basis and, (2) to assist with long-term economic development and diversification to minimize adverse impacts associated with the loss of timber jobs. Progress in meeting another Plan goal-to promote agency-citizen collaboration in forest management-is evaluated in volume IV. Volume V reports on trends in public values regarding forest management in the Pacific Northwest over the past decade, community views of how well the forest values and environmental qualities associated with late-successional, old-growth, and aquatic ecosystems have been protected under the Plan (a fifth Plan goal), and issues and concerns relating to forest management under the Plan expressed by community members. Volume VI provides a history of the Northwest Forest Plan socioeconomic monitoring program and a discussion of potential directions for the program.

The Community Socioeconomic Information System (CSIS) is a tool that allows users to retrieve 1990 and 2000 U.S. census data to examine conditions and trends for communities in western Washington, western Oregon, and northern California. The tool includes socioeconomic data for 1,314 communities in the entire region, including incorporated and unincorporated places. The tool delivers socioeconomic data using mapping and database features. In addition to providing data for one community, the tool produces community-level data at a variety of scales, including communities in areas surrounding Forest Service and Bureau of Land Management lands, all communities in the Northwest Forest Plan (NWFP) region, and communities within planning provinces within the NWFP region. One feature allows users to customize community data by creating boundaries and socioeconomic data for group of selected communities. The CSIS tool was designated to increase the usefulness of socioeconomic information at the small scale. Typically community socioeconomic assessments use U.S. census designations called census places. However, census places only represent a portion of the rural population. The CSIS uses a smaller unit of analysis (block groups) that we have aggregated to represent contiguous communities across the landscape, thereby representing the entire population. Community data can be printed as reports with graphs and tables, queried within an Access database, mapped and queried as geographic information system (GIS) data within ArcExplorer (a free GIS software included), exported as a table for use in Excel, or exported as GIS data for use in ArcGIS. The tool has features that allow users to locate communities by county or state and become familiar with local geography. The CSIS includes GIS data, such as major land ownerships, political boundaries, and physical landscape features. Applications produce maps that can be printed for specific communities showing community boundaries, water features, roads, metropolitan areas, community population centers, public land ownership, census places, planning provinces, counties, and state boundaries. Or, using the spatial data provided on the CD and ArcExplorer, users can produce custom maps.

The Community Socioeconomic Information System (CSIS) is a tool that allows users to retrieve 1990 and 2000 U.S. census data to examine conditions and trends for communities in western Washington, western Oregon, and northern California. The tool includes socioeconomic data for 1,314 communities in the entire region, including incorporated and unincorporated places.

This report examines socioeconomic changes that occurred between 1990 and 2000 associated with implementation of the Northwest Forest Plan (the Plan) in the Olympic National Forest in western Washington. We used a combination of quantitative data from the U.S. census and the USDA Forest Service, historical documents, and interviews from Forest Service employees and members of three case study communities-Quilcene, the Lake Quinault area, and the Quinault Indian Nation. We explore how the Plan affected the flow of socioeconomic benefits associated with the Olympic National Forest, such as the production of forest commodities and forest-based recreation, agency jobs, procurement contract work for ecosystem management activities, grants for community economic assistance, payments to county governments, and opportunities for collaborative forest management. The greatest change in socioeconomic benefits derived from the forest was the curtailment of timber harvest activities. This not only affected timber industry jobs in local communities, but also resulted in declining agency budgets and staff reductions. Mitigation efforts varied. Ecosystem management contracts declined and shifted from labor-intensive to equipment-intensive activities, with about half of all contractors from the Olympic Peninsula. Economic assistance grants benefited communities that had the staff and resources to develop projects and apply for monies, but provided little benefit to communities without those resources. Payments to counties served as an important source of revenue for rural schools and roads. We also examine socioeconomic changes that occurred in the case study communities, and the influence of forest management policy on these changes. Between 1990 and 2000 all three communities showed a decrease in population, an increase in median age, a decline in timber industry-related employment, and an increase in service-industry and government jobs. Quilcene's proximity to the larger urban centers has attracted professional and service industry workers that commute to larger economic hubs. Lake Quinault area residents are increasingly turning to tourism, and its growing Latino population works in the cedar shake and floral greens industries. For the Quinault Indian Nation, employment in tribal government and its casino has helped offset job losses in the fishing and timber industries. Many changes observed in the communities were a result of the prior restructuring of the forest products industry, national economic trends, and demographic shifts. However, for Quilcene and Lake Quinault, which were highly dependent on the national forest for timber and served as Forest Service district headquarters, the loss of timber industry and Forest Service jobs associated with the Plan led to substantial job losses and crises in the economic and social capital of these communities.

This case study examines the socioeconomic changes that took place between 1990 and 2000 in and around lands managed by the Bureau of Land Management (BLM) Coos Bay District in southwestern Oregon for purposes of assessing the effects of the Northwest Forest Plan (the Plan) on rural economies and communities in the Coos Bay region.

National forest lands encompass numerous rural and urban communities. Some national-forest-based communities lie embedded within national forests, and others reside just outside the official boundaries of national forests. The urban and rural communities within or near national forest lands include a wide variety of historical traditions and cultural values that affect their process of economic development. National-forest-based urban and rural communities participate in numerous economic sectors including nontraded industries, resource-dependent traded industries, and non-resource-dependent traded industries. These communities represent microeconomic environments. Cluster theory provides an explicit framework to examine the microeconomic relationships between national forests and their embedded and neighboring communities. Implementation of economic cluster initiatives in national-forest-based communities could improve their overall social well-being through increased competitive advantage based on innovation and higher productivity. This paper proposes establishing an Economic Clusters research team within the Forest Service. This team would dedicate its efforts to the analysis and improvement of the determinants of competitive advantage affecting national-forest-based communities.

This report synthesizes the literature on the role of informal economic activity in the United States postindustrial economy. Informal economic activity is expanding in the United States and is likely to continue in the foreseeable future. The formal and informal economic sectors are inextricably intertwined, with individuals and households combining elements of both sectors to construct their livelihoods. Although the informal economy is often thought of as the domain of economically marginal individuals and households, virtually everyone participates in the informal economy to some extent. However, the literature highlights how factors such as social status and household position in the formal economy affect whether participation in informal economic activity is exploitative or empowering. The nontimber forest products sector serves as a case study of why it is important to consider informal economic activity when developing natural resource and economic development policy. We recommend steps policymakers can take to identify and encourage positive aspects of the informal economic activity. We also highlight several areas of research to improve understandings of the role of informal economic activity in postindustrial societies.

This report examines socioeconomic changes that occurred between 1990 and 2003 associated with implementation of the Northwest Forest Plan (the Plan) in and around lands managed by the Okanogan-Wenatchee National Forest in Washington state. Our findings are based on quantitative data from the U.S. census, the USDA Forest Service and other federal databases, historical documents, and interviews with Forest Service employees and members of five case study communities: Naches Valley, Cashmere, Entiat, Twisp, and the Upper Okanogan Valley. We explore how the Plan affected the flow of socioeconomic benefits associated with the Okanogan-Wenatchee National Forest, such as the production of forest commodities and forest-based recreation, agency jobs, procurement contract work for ecosystem management activities, grants for community economic assistance, payments to county governments, and opportunities for collaborative forest management. The greatest socioeconomic change stemming from the national forest during the study period was the sharp decline in timber harvest activities, a change that had been underway prior to the Plan. This decline not only affected timber industry jobs in local communities, but also resulted in declining agency budgets and staff reductions. Communities' responses differed. Communities with greater economic diversity were able to absorb the changes in forest management, whereas communities more heavily dependent on timber experienced an additional destabilizing effect.

Old growth revisited: integrating social, economic, and ecological perspectives.

The American Recovery and Reinvestment Act of 2009 aimed to create jobs and jumpstart the economy while addressing the Nation's social and environmental needs. The U.S. Department of Agriculture, Forest Service, received $1.15 billion in recovery funding to support projects in wildland fire management, capital improvement and maintenance, and biomass utilization. This volume contains eight individual case-study reports that describe how Forest Service economic recovery projects from around the United States are contributing to socioeconomic well-being in rural communities and investigates how forest restoration, conservation, and rural community development goals can be linked to promote healthy forests and healthy communities.

The American Recovery and Reinvestment Act of 2009 (the Recovery Act) aimed to create jobs and promote economic growth while addressing the Nation's social and environmental needs. The USDA Forest Service received $1.15 billion in economic recovery funding. This report contains key findings and lessons learned from a socioeconomic assessment of Forest Service Recovery Act projects. The assessment examines how Forest Service economic recovery projects at eight case-study locations around the United States are contributing to socioeconomic well-being in rural counties affected by the economic recession of 2007-2009. It also investigates how Forest Service mission-related work can be accomplished in a manner that creates local community development opportunities. This report is a companion to general technical report PNW-GTR-831, which contains the full case-study reports.

This report is a compilation of six briefing papers based on literature reviews and syntheses, prepared for U.S. Department of Agriculture, Forest Service policy analysts and decisionmakers about specific questions pertaining to climate change.

The Integrated Landscape Assessment Project (ILAP) was a multiyear effort to produce information, maps, and models to help land managers, policymakers, and others conduct mid- to broad-scale (e.g., watersheds to states and larger areas) prioritization of land management actions, perform landscape assessments, and estimate cumulative effects of management actions for planning and other purposes.

Over the past decade, the use of wood for thermal energy in Alaska has grown significantly. Since 2000, nearly 30 new thermal wood-energy installations in Alaska have been established.

Outdoor recreation is a central way that people interact with the natural environment. Federal land agencies are key providers of settings, facilities, and landscapes for recreation.

Natural resource professionals are often tasked with weighing the benefits and costs of changes in ecosystem services associated with land management alternatives and decisions. In many cases, federal regulations even require land managers and planners to account for these values explicitly. Outdoor recreation is a key ecosystem service provided by national forests and grasslands, and one of significant interest to the public. This report presents the most recent update of the Recreation Use Values Database, based on an exhaustive review of economic studies spanning 1958 to 2015 conducted in the United States and Canada, and provides the most up-to-date recreation economic values available. When combined with data pertaining to recreation activities and the quantity of recreation use, the recreation economic values can be used for estimating the economic benefits of outdoor recreation. The recreation economic value estimates provided in this report, whether from past research literature or from values constructed using our meta-analysis benefit function, are average consumer surplus per person per activity day.

This research models a wood pellet heating system at the Tlingit-Haida Regional Housing Authority in Juneau, Alaska, used to provide thermal energy to a 929-m2 warehouse, as an alternative to a heating system that burns more costly fossil fuels. Research objectives were to evaluate project economics of the pellet system and to conduct cost:benefit analysis on key variables (initial capital cost, fuel oil cost, and wood pellet cost). Economic results of interest included net present value, payback, internal rate of return, and cost:benefit ratio. Monte Carlo simulations were conducted using RETScreen software with the parameters of heating oil cost, wood pellet cost, fuel price escalation, and heating load. Cost:benefit analysis was conducted for capital cost versus wood fuel cost and also versus alternative fuel cost. This research found that economic performance was favorable over a wide range of normal operating conditions, even when paying a relatively high price for wood fuel. A pellet production facility in southeast Alaska could lead to lower wood fuel costs and even more favorable regional economics.

AMERICAN PUBLIC MEDIA's MARKETPLACE and EDISON RESEARCH have released new polling data showing Americans' increasing economic anxiety due to the pandemic. In the annual survey, 69% of … more