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Category Archives: Economy

Minutes of the Federal Open Market Committee, October 28-29, 2014

“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on October 28-29, 2014. The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s AnnualContinue Reading

How Many Americans Could Lose Subsidies If the Supreme Court Rules for the Plaintiffs in King vs. Burwell?

Kaiser Family Foundation: “This map based on Foundation analysis of Congressional Budget Office estimates of Marketplace enrollment provides a state-level breakdown of the number of Americans who in 2016 could be denied financial assistance to help pay insurance premiums for plans purchased in the Affordable Care Act’s federally operated insurance exchanges. In a related column in The WallContinue Reading

Multiemployer Plans – A Proposal to Spread the Pain

Multiemployer Plans – A Proposal to Spread the Pain by Alicia H. Munnell, Jean-Pierre Aubry, Wenliang Houand, Anthony Webb, Center for Retirement Research of Boston College. “The brief’s key findings are: A small, but significant, number of multiemployer pension plans face insolvency in the next 20 years – despite actions to reduce benefits and raise contributions. To avoid insolvency, aContinue Reading

New GAO Reports – Consumer Product Safety, Defense Contractors, FOIA, IRAs, Intellectual Property, VA Benefits

CONSUMER PRODUCT SAFETY OVERSIGHT: Opportunities Exist to Strengthen Coordination and Increase Efficiencies and Effectiveness, GAO-15-52: Published: Nov 19, 2014. Publicly Released: Nov 19, 2014. DEFENSE CONTRACTORS: Additional Actions Needed to Facilitate the Use of DOD’s Inventory of Contracted Services, GAO-15-88: Published: Nov 19, 2014. Publicly Released: Nov 19, 2014. FREEDOM OF INFORMATION ACT: DHS Should Take Steps to Improve Cost Reporting andContinue Reading

ACSI: Rising Fees Hurt Bank Customer Satisfaction; Consumers Dissatisfied with Health Insurance Plans

“Customer satisfaction with banks is down as fees reach new heights, according to a report released today by the American Customer Satisfaction Index (ACSI). The decline nearly reverses two years of ACSI improvement for retail banks. Credit unions, however, continue to rank best among financial services with an ACSI score of 85 on a 100-pointContinue Reading

Demystifying Dodd-Frank: 12 Ways it Reforms the Financial System

Lauren Oppenheimer and Jim Kessler – Third Way: “Four years after its passage, Dodd-Frank remains one of the most important yet least understood laws passed in recent decades. It was designed to reduce the frequency and severity of future financial crises. It sought to overhaul the regulatory structure of Wall Street and the banking industry—from the issuingContinue Reading

2014 Federal Insurance Office Annual Report on the Insurance Industry

“The Report begins with an overview of the insurance industry that presents and analyzes the financial performance and condition of the key U.S. insurance industry sectors, i.e., the life and health (L/H) sector and the property and casualty (P/C) sector. The industry financial overview also includes analysis of insurance industry capital markets activity, the increasingContinue Reading

In the Shadow of the Great Recession: Experiences and Perspectives of Young Workers

“The Federal Reserve Board on Tuesday published a new report, based on its 2013 Survey of Young Workers, that provides insight into numerous labor market topics, including the educational attainment, work experience, and expectations of adults aged 18 to 30. In the Shadow of the Great Recession: Experiences and Perspectives of Young Workers, takes an in-depth lookContinue Reading

Pension Benefit Guaranty Corporation Annual Report FY2014

“When a single-employer plan ends without sufficient money to pay benefits, PBGC trustees the plan and assumes responsibility for benefit payments. PBGC became responsible for an additional 53,000 workers and retirees in 97 trusteed single-employer plans in FY 2014. The three largest plans trusteed were sponsored by Furniture Brands (19,011 participants), Greenwood Mills Inc. (5,175Continue Reading

Transition Report 2014

European Bank for Reconstruction and Development – Innovation in Transition: “How can firms in transition countries become more  productive? And how can a dynamic and innovative  business sector help countries grow? This year’s Transition Report seeks answers to these important  questions by analysing firm-level innovation across the  transition region. The Transition Report 2014 exploits a uniqueContinue Reading

How Attached to the Labor Market Are the Long-Term Unemployed?

Rob Dent, Samuel Kapon, Fatih Karahan, Benjamin W. Pugsley, and Ayşegül Sahin  – Second in a three-part series – New York Fed “In this second post in our series on measuring labor market slack, we analyze the labor market outcomes of long-term unemployed workers to assess their employability and labor force attachment. If long-term unemployed workers areContinue Reading

The Orderly Liquidation Authority: Fanatical or Familiar? Idealistic or Unrealistic?

Massman, Stephanie, The Orderly Liquidation Authority: Fanatical or Familiar? Idealistic or Unrealistic? (May 2014). Available for download at SSRN: http://ssrn.com/abstract=2525825 “The systemic financial crisis of 2008 spurred the failure of numerous financial and non-financial entities. Regulators addressed each of these failures on an ad hoc ex-post basis, granting multiple bailouts in various forms. The refusalContinue Reading