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Category Archives: Economy

IRS – Identity Protection: Prevention, Detection and Victim Assistance

“Identity theft places a burden on its victims and presents a challenge to businesses, organizations and government agencies, including the IRS. Tax-related identity theft occurs when someone uses your stolen social security number to file a tax return claiming a fraudulent refund. The IRS combats tax-related identity theft with an aggressive strategy of prevention, detectionContinue Reading

How Mortgage Finance Affects the Urban Landscape

Federal Reserve Bank of New York Staff Report – How Mortgage Finance Affects the Urban Landscape. February 2015. Number 713. Sewin Chan, Andrew Haughwout, and Joseph Tracy. “This chapter considers the structure of mortgage finance in the U.S., and its role in shaping patterns of homeownership, the nature of the housing stock, and the organization of residential activity.Continue Reading

Climate Change Adaptation by Federal Agencies: An Analysis of Plans and Issues for Congress

Climate Change Adaptation by Federal Agencies: An Analysis of Plans and Issues for Congress. Jane A. Leggett, Coordinator, Specialist in Energy and Environmental Policy. February 23, 2015. “This report reviews current actions (as of January 2015) of selected federal departments and agencies to adapt their own missions, infrastructure, operations, and personnel to projected climate change.Continue Reading

Financing of the Terrorist Organisation Islamic State in Iraq and the Levant

“FATF’s report on the financing of the Financing of the Terrorist Organisation Islamic State in Iraq and the Levant (ISIL) analyses how this terrorist organisation generates and uses its funding.  This knowledge is crucial in order to determine how FATF and the international community can choke off ISIL funding..  This knowledge is crucial in order toContinue Reading

Implementation monitoring of PFMIs: Level 2 assessment report for central counterparties and trade repositories – United States

“The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) continue to closely monitor the implementation of the Principles for financial market infrastructures (PFMI). The principles within the PFMI (the Principles) set expectations for the design and operation of key financial market infrastructures to enhance their safety and efficiencyContinue Reading

Public quantitative disclosure standards for central counterparties

Public quantitative disclosure standards for central counterparties: “To help ensure that the risks of using central counterparties (CCPs) are properly understood, CCPs need to make relevant information publicly available, as stated in the CPSS-IOSCO Principles for financial market infrastructures, published in April 2012. The CPSS and IOSCO published a Disclosure framework in December 2012 toContinue Reading

Financial Audit: U.S. Government’s Fiscal Years 2014 and 2013 Consolidated Financial Statements

Financial Audit: U.S. Government’s Fiscal Years 2014 and 2013 Consolidated Financial Statements, GAO-15-341R: Published: Feb 26, 2015. Publicly Released: Feb 26, 2015. “To operate as effectively and efficiently as possible and to make difficult decisions to address the federal government’s fiscal challenges, Congress, the administration, and federal managers must have ready access to reliable andContinue Reading

New GAO Reports – Defense Logistics, Defense Major Automated Information Systems, DHS, FAA, Private Pensions, Transportation Safety

Defense Logistics: Improvements Needed to Accurately Assess the Performance of DOD’s Materiel Distribution Pipeline, GAO-15-226: Published: Feb 26, 2015. Publicly Released: Feb 26, 2015. Defense Major Automated Information Systems: Cost and Schedule Commitments Need to Be Established Earlier, GAO-15-282: Published: Feb 26, 2015. Publicly Released: Feb 26, 2015. Department of Homeland Security: Progress Made, butContinue Reading

Supporting Immigrant Integration in Europe – What Role for Origin Countries’ Subnational Authorities?

Migration Policy Institute: “The substantial role that subnational authorities in EU Member States play in the governance of migrant integration is widely recognized. Regional and local authorities in Member States have control over the implementation and delivery of a wide array of integration-related services. However, while much is known about integration at the subnational levelContinue Reading

Locate the closest Taxpayer Assistance Center

Free Tax Return Preparation for Qualifying Taxpayers: “The Volunteer Income Tax Assistance (VITA) program offers free tax help to people who generally make $53,000 or less, persons with disabilities, the elderly and limited English speaking taxpayers who need assistance in preparing their own tax returns. IRS-certified volunteers provide free basic income tax return preparation withContinue Reading

New GAO Reports – African Growth and Opportunity Act, DOE Real Property, Fiscal Year 2016 Budget Request, Foster Care, IRS Investment

African Growth and Opportunity Act: Lessons Learned from Other Countries’ Trade Arrangements with Sub-Saharan Africa, GAO-15-393R: Published: Feb 25, 2015. Publicly Released: Feb 25, 2015. DOE Real Property: Better Data and a More Proactive Approach Needed to Facilitate Property Disposal, GAO-15-305: Published: Feb 25, 2015. Publicly Released: Feb 25, 2015. Fiscal Year 2016 Budget Request:Continue Reading

FDIC-Insured Institutions Earned $36.9 Billion in the Fourth Quarter of 2014

FDIC news release: “Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported aggregate net income of $36.9 billion in the fourth quarter of 2014, down $2.9 billion (7.3 percent) from earnings of $39.8 billion that the industry reported a year earlier. The decline in earnings was mainly attributable to aContinue Reading