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Category Archives: Economy

Bitcoin over Tor isn’t a good idea – Paper

Paper by Alex Biryukov, Ivan Pustogarov “Bitcoin is a decentralized P2P digital currency in which coins are generated by a distributed set of miners and transaction are broadcasted via a peer-to-peer network. While Bitcoin provides some level of anonymity (or rather pseudonymity) by encouraging the users to have any number of random-looking Bitcoin addresses, recent research shows that this level ofContinue Reading

FDIC Releases Economic Scenarios for 2015 Stress Testing

“The Federal Deposit Insurance Corporation (FDIC) today released the economic scenarios that will be used by certain financial institutions with total consolidated assets of more than $10 billion for stress tests required under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. The baseline, adverse, and severely adverse scenarios include key variables that reflectContinue Reading

2014 Current and Emerging Global Themes: China report

TowersWatson – 2014 Current and Emerging Global Themes – Employee Benefits: A Headquarters Perspective – China Report As Chinese multinationals ramp up their global expansion, they are paying increasing attention to developing, managing and retaining global talent. Half of Chinese multinationals are at the initial stages of their global benefit management journey. Chinese multinationals need to consider takingContinue Reading

American Community Survey: 2011-2013

“The U.S. Census Bureau today released the second of its annual series of data sets from the American Community Survey, this one combining the three years of data collected between 2011 and 2013. The statistics paint a detailed portrait of the nation, all states, and the District of Columbia, all congressional districts and all otherContinue Reading

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 rateContinue 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

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

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