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Category Archives: Financial System

Gallup – Reality and Perception: Why Men Are Paid More

Jane Miller and Amy Adkins, Gallup – “This article is the first in a two-part series. The gender pay gap is one of the most controversial topics related to women and work. Though less pronounced than in the past, the pay gap still exists and has barely budged in over a decade. Estimates of the gender pay gap and the methodology behind it vary, but all essentially reach the same conclusion: Women earn less than men. The U.S. Bureau of Labor Statistics (BLS) estimates that full-time working women make 83% of what full-time working men make. The U.S. Census Bureau reports that women who hold full-time jobs earn 79 cents for every dollar that men with full-time jobs earn. The gap is even more pronounced for African-American and Latina women, who earn 64 cents and 56 cents, respectively, for every dollar that white, non-Hispanic men earn…”

Impact Investment and Risk Management: Overview and Approach

Calandro, Joseph, Impact Investment and Risk Management: Overview and Approach (October 25, 2016). ACRN Oxford Journal of Finance and Risk Perspectives, Vol. 5, Issue 3, pp. 46-60, 2016 . Available for download at SSRN: “Managing financial risk has proven difficult over time as evidenced by numerous high profile failures over the recent past including… Continue Reading

Federal Procurement: Smarter Buying Initiatives Can Achieve Additional Savings

Federal Procurement: Smarter Buying Initiatives Can Achieve Additional Savings, but Improved Oversight and Accountability Needed, GAO-17-164: Published: Oct 26, 2016. Publicly Released: Oct 26, 2016. “The federal government saved nearly $500 million over the past 5 years through “smarter buying”—such as leveraging the government’s collective buying power for things like office supplies. But that’s small… Continue Reading

What Would Clinton and Trump Need to Do to Address the Debt Along with their Policy Agendas?

Committee for a Responsible Federal Budget Report – “We recently estimated that Clinton’s policies would likely add $200 billion to the debt over the next decade, while Trump’s policies would add $5.3 trillion. We also found that the ratio of debt to Gross Domestic Product (GDP) would rise from nearly 77 percent of GDP today to 86… Continue Reading

IRS IG – Review of the Enterprise E-Mail System Acquisition

Review of the Enterprise E-Mail System Acquisition, September 30, 2016. Reference Number: 2016-20-080. “The IRS purchased subscriptions for an enterprise e-mail system [Microsoft] that, as it turned out, it could not use. The purchase was made without first determining project infrastructure needs, integration requirements, business requirements, security and portal bandwidth, and whether the subscriptions were… Continue Reading

Former Wells Fargo Employees File $2.6B Lawsuit

Via FindLaw – Alexander Polonsky, et al. v. Wells Fargo, Los Angeles Superior Court, September 22, 2016. “The lawsuit was filed by two former employees, but seeks compensation for any and all Wells Fargo employees penalized for not meeting sales quotas over the past 10 years. In September, the bank fired over 5,000 employees for… Continue Reading

BBC radio – A Natural History of the Banker

“New York Times financial journalist Andrew Ross Sorkin criss-crosses the Atlantic to trace the troubled reputation of bankers over the centuries, in the UK and the USA. With the global economy still recovering from the crash of 2008, the reputation of high finance often appears to be at an all time low. Banks and the… Continue Reading

The Effects of Increasing Fannie Mae’s and Freddie Mac’s Capital

“In this report, CBO analyzes a policy that would allow Fannie Mae and Freddie Mac to increase their capital by reducing their payments to the government and discusses the effects that it would have on the budget and the mortgage market…Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) that help finance the majority of… Continue Reading

Brookings – Black-white disparity in student loan debt more than triples after graduation

Brookings – “The moment they earn their bachelor’s degrees, black college graduates owe $7,400 more on average than their white peers ($23,400 versus $16,000, including non-borrowers in the averages). But over the next few years, the black-white debt gap more than triples to a whopping $25,000. Differences in interest accrual and graduate school borrowing lead… Continue Reading

Lower Manhattan since 9/11: A Study in Resilience

NY Fed – Liberty Street Economics – Jason Bram and Joelle Scally – “The 9/11 terrorist attack on the World Trade Center left a deep scar on New York City and the nation, most particularly in terms of the human toll. In addition to the lives lost and widespread health problems suffered by many others—in… Continue Reading

Report – Empowering Inspectors General: Supporting the IG Community Could Save Billions for American Taxpayers

News release: “Sen. Ron Johnson (R-Wis.), chairman of the Senate Homeland Security and Governmental Affairs Committee, and Sen. Chuck Grassley (R-Iowa), chairman of the Senate Judiciary Committee, released a joint majority staff report this week, “Empowering Inspectors General: Supporting the IG Community Could Save Billions for American Taxpayers.” The report is a result of information… Continue Reading

The Economist – Which countries are most generous to new parents?

Which countries are most generous to new parents?  Oct 18th 2016, by The Data Team – “Consensus is widespread that new parents should receive some form of time off work or financial aid in order to stay at home with their babies. But statutory parental-leave packages vary widely across the OECD, a club of mostly… Continue Reading