As another college year begins, tens of thousands of academics will once again be scrambling to submit proposals to the National Science Foundation, hoping to secure government funding for their research. Each year, the National Science Foundation (NSF) bestows more than $7 billion worth of federal funding on about 12,000 research proposals, chosen out of about 45,000 submissions.
Thanks to the power of open data, we can now see how representation on NSF federal advisory committees connects to which universities get the most funding. (Federal advisory committee membership data is a feature of Influence Explorer.)
You can see the News Corp. profile on Influence Explorer.
Energy subsidies: The price that you pay for energy isn’t actually the price the market would set for that energy.
Curious about how the industry is using its dollars to lobby Congress?
Last week came news that GE has avoided having to pay any — ANY — corporate income tax in the United States. As reported in the New York Times, that feat, despite earning $14.2 billion in worldwide profits ($5.1 billion in the U.S.), is due to “innovative accounting” and “fierce lobbying,” as well as a large stable of former government officials from the IRS and tax-writing Congressional committees. The article goes on to state that the U.S. has one of the highest corporate income tax rates in the world. But that statement is somewhat misleading, as you’ll see below: like General Electric, the effective tax rate of U.S. companies—what they actually pay—is a lot lower than the statutory tax rate—the percentage of corporate income Congress says they should pay.
I’m sure you realize how much oil and gas influence our politics.
So many numbers!