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Category Archives: Economy

NY Fed – Household Debt Balances Increase as Deleveraging Period Concludes

: “The New York Fed released the Quarterly Report on Household Debt and Credit for the third quarter of 2014 today. Balances continued to rise slightly, with an overall increase of $78 billion. The aggregate household debt balance now stands at $11.71 trillion, up 0.7 percent from the previous quarter, but still well below the peak of $12.68 trillion in the third quarter of 2008.  The report shows increases in all types of credit, except for home equity line of credit (HELOC) balances. Overall, it looks as if the trend of increasing household debt balances is continuing, and in this post, we further investigate the winding down of deleveraging.”

FDIC Quarterly Banking Profile

“The third quarter 2014 FDIC Quarterly Banking Profile (QBP) is now available on line. FDIC-insured institutions reported aggregate net income of $38.7 billion in the third quarter of 2014, up $2.6 billion (7.3 percent) from earnings of $36.1 billion the industry reported a year earlier. The increase in earnings was mainly attributable to a $7.8Continue Reading

Washington Metropolitan Area Facing Economic Downturn

Washington Post: “The Washington area’s reliance on federal spending has become a major headache for state and local governments, with congressionally mandated program cuts leaving gaping holes in revenue projections from Annapolis to Richmond. George Mason University’s Center for Regional Analysis estimates that the federal government spent $13.4 billion less in the Washington area in 2013 thanContinue Reading

How many academic documents are visible and freely available on the Web?

Khabsa M, Giles CL (2014) The Number of Scholarly Documents on the Public Web. PLoS ONE 9(5): e93949. doi:10.1371/journal.pone.0093949 “The number of scholarly documents available on the web is estimated using capture/recapture methods by studying the coverage of two major academic search engines: Google Scholar and Microsoft Academic Search. Our estimates show that at leastContinue Reading

Ambulatory Health Care Services Receipts and Employment on the Rise

“Receipts for the nation’s 582,733 ambulatory health care services establishments (NAICS 621) totaled $825.7 billion in 2012, up 23.5 percent from $668.5 billion in 2007, according to the latest economic census statistics released today by the U.S. Census Bureau. Employment in this industry increased 15.1 percent, from 5.7 million in 2007 to 6.6 million in 2012,Continue Reading

New GAO Reports – DOE Cost Estimating, Veteran’s Reemployment Rights

Project and Program Management: DOE Needs to Revise Requirements and Guidance for Cost Estimating and Related Reviews, GAO-15-29: Published: Nov 25, 2014. Publicly Released: Nov 25, 2014. Veterans’ Reemployment Rights: Department of Labor Has Higher Performance Than the Office of Special Counsel on More Demonstration Project Measures, GAO-15-77: Published: Nov 25, 2014. Publicly Released: Nov 25, 2014.

Stronger policy response needed to avoid risks to growth – OECD Economic Outlook

“25/11/2014- Modest global economic forecasts, continuing high unemployment, and downshifts in potential output should spur governments with a greater sense of urgency to fully employ monetary, fiscal and structural policy levers to support growth, notably in Europe, according to the Economic Outlook. The Economic Outlook draws attention to a global economy stuck in low gear, with growthContinue Reading

Economic Snapshot: November 2014

Christian E. Weller on the State of the U.S. Economy, Center for American Progress – By Christian E. Weller and Jackie Odum “Both the economy and jobs remain front and center on the minds of Americans. Considering that the United States is officially in the sixth year of an economic recovery, this would be surprising wereContinue Reading

Market-making and proprietary trading: industry trends, drivers and policy implications

Bank for International Settlements, CGFS Publications No 52 – November 2014 – “Market-makers serve a crucial role in financial markets by providing liquidity to facilitate market efficiency and functioning. This report – prepared by a Study Group chaired by Denis Beau (Bank of France) – assesses changes in the supply of and demand for market-making services as wellContinue Reading

The world economy in 2014 still in the doldrums

United Nations Conference on Trade and Development – Geneva – October 2014. “The world economy has not yet escaped the growth doldrums in which it has been marooned for the past four years, and there is a growing danger that this state of affairs is becoming accepted as the “new normal”. Policymakers everywhere, but particularly in the systemically important economies,Continue Reading

Annual Homeless Assessment Report 2014

HUD – “This report outlines the key findings of the 2014 Point-In-Time (PIT) and Housing Inventory (HIC) counts conducted in January 2014. Specifically, this report provides 2014 national, state, and CoC-level PIT and HIC estimates of homelessness, as well as estimates of chronically homeless persons, homeless veterans, and homeless children and youth. All Homeless People:Continue Reading

Sexual Violence at Institutions of Higher Education

CRS – Sexual Violence at Institutions of Higher Education, Gail McCallion, Specialist in Social Policy; Jody Feder, Legislative Attorney. October 23, 2014. “In recent years, a number of high-profile incidents of sexual violence at institutions of higher education (IHEs) have heightened congressional and administration scrutiny of the policies and procedures that IHEs currently have in place to address campus sexualContinue Reading