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Regional and State Employment and Unemployment Summary – September 2014

BLS news release: “Regional and state unemployment rates were generally little changed in September. Thirty-one states had unemployment rate decreases from August, 8 states had increases, and 11 states and the District of Columbia had no change, the U.S. Bureau of Labor Statistics reported today. Forty-two states and the District of Columbia had unemployment rate decreases from a year earlier, five states had increases, and three states had no change. The national jobless rate declined to 5.9 percent from August and was 1.3 percentage points lower than in September 2013. In September 2014, nonfarm payroll employment increased in 39 states and the District of Columbia, decreased in 10 states, and was unchanged in South Dakota. The largest over-the-month increases in employment occurred in Texas (+36,400), Illinois (+19,300), and Colorado (+14,600). The largest over-the-month decrease in employment occurred in California (-9,800), followed by Pennsylvania (-9,600) and Virginia (-7,400). The largest over-the-month percentage increase in employment occurred in the District of Columbia (+1.1 percent), followed by Alaska (+0.9 percent) and West Virginia (+0.8 percent). The largest over-the- month percentage declines in employment occurred in Indiana, Pennsylvania, Vermont, and Virginia (-0.2 percent each). Over the year, nonfarm employment increased in 49 states and the District of Columbia and decreased in Alaska (-0.2 percent). The largest over-the-year percentage increase occurred in North Dakota (+5.1 percent), followed by Texas (+3.7 percent) and Utah (+3.6 percent).”

So Little Paper to Chase in a Law Firm’s New Library – NYT

New York Times, David W. Dunlap: “The law firm Kaye Scholer left a lot behind when it moved this month from 425 Park Avenue, where it had been since 1957, into new quarters at 250 West 55th Street. It left behind offices that had served giants like Milton Handler, one of whose students, Justice Ruth Bader Ginsburg,Continue Reading

Tuition costs of colleges and universities

National Center for Education Statistics (NCES) Fast Facts: “What are the trends in the cost of college education? Response: For the 2011–12 academic year, annual current dollar prices for undergraduate tuition, room, and board were estimated to be $14,300 at public institutions, $37,800 at private nonprofit institutions, and $23,300 at private for-profit institutions. Between 2001–02 and 2011–12, pricesContinue Reading

Wastebook 2014: What Washington doesn’t want you to read

“Wastebook 2014 — the report Washington doesn’t want you to read —reveals the 100 most outlandish government expenditures this year, costing taxpayers billions of dollars.” The Fiscal Times – Coburn’s 2014 Wastebook: A $25 Billion Taxpayer Loss

U.S. Energy-Related Carbon Dioxide Emissions, 2013

U.S. ENERGY-RELATED CARBON DIOXIDE EMISSIONS INCREASED 2.5% IN 2013 “Energy-related carbon dioxide emissions (CO2) increased from 5,267 million metric tons (MMmt) in 2012 to 5,396 MMmt in 2013 (2.5%). The 2013 increase was largely the result of colder weather leading to an increase in energy intensity (energy measured in Btu per dollar of gross domesticContinue Reading

The impact of liquidity regulation on banks

Ryan Banerjee and Hitoshi Mio, Working Papers No 470. October 2014: “To the best of our knowledge, this is the first study to estimate the effect of liquidity regulation on bank balance sheets. It takes advantage of the fact that not all banks were made subject to tighter liquidity regulation by the UK Financial Services Authority (FSA)Continue Reading

New GAO Report – Individual Retirement Accounts

Preliminary Information on IRA Balances Accumulated as of 2011 [Reissued on October 22, 2014]. GAO-14-878T: Published: Sep 16, 2014. Publicly Released: Sep 16, 2014. “For tax year 2011 (the most recent year available), an estimated 43 million taxpayers had individual retirement accounts (IRA) with total reported fair market value of $5.2 trillion. About 99 percent ofContinue Reading

New Environmental Report Documents Fracking’s Toxic Loophole

News release: “Despite a federal ban on the use of diesel fuel in hydraulic fracturing without a permit, several oil and gas companies are exploiting a Safe Drinking Water Act loophole pushed through by Halliburton to frack with petroleum-based products containing even more dangerous toxic chemicals than diesel. For example, a drilling company in West TexasContinue Reading

The Unequal Mortgage Market Is No Coincidence

Michela Zonta, Center for American Progress: “Persistent racial and ethnic inequality in the mortgage market is not a coincidence. Nearly 50 years after the adoption of the Fair Housing Act, newly released federal data indicate that people of color continued to lose ground in the homeownership market in 2013. In particular, black and Hispanic households continued toContinue Reading

IG – Lessons Learned From the Federal Reserve’s Supervision of JPMorgan Chase

The Board Should Enhance Its Supervisory Processes as a Result of Lessons Learned From the Federal Reserve’s Supervision of JPMorgan Chase & Company’s Chief Investment Office “Our report contains four findings. First, as part of its continuous monitoring activities at JPMC, FRB New York effectively identified risks related to the CIO’s trading activities and plannedContinue Reading

Enhancing Financial Stability by Improving Culture in the Financial Services Industry

William C. Dudley, President and Chief Executive Officer – Remarks at the Workshop on Reforming Culture and Behavior in the Financial Services Industry, Federal Reserve Bank of New York, New York City, October 20, 2014. As prepared for delivery: “As I noted earlier at the start of today’s workshop, improving culture in the financial services industry isContinue Reading

Medicare Beneficiaries Paid Nearly Half of the Costs for Outpatient Services at Critical Access Hospitals

HHS IG Report (OEI-05-12-00085), October 7, 2014 “The Critical Access Hospital (CAH) certification was created to ensure that rural beneficiaries would have access to hospital services. Medicare reimburses CAHs at 101 percent of their “reasonable costs,” rather than at the predetermined rates set by the Outpatient Prospective Payment System (OPPS). The system that Medicare uses toContinue Reading