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Category Archives: Financial System

Did your representatives accept campaign contributions from the NRA?

Enter your zip code via http://whoismyvoice.com/ – and your address – data will follow that includes the name of your representative and a statement indicating whether or not your Representative and Senators accepted any money from the NRA (and if so, how much) in this election cycle. You will also be provided with respective email,… Continue Reading

Management Report: Improvements Needed in CFPB’s Internal Controls and Accounting Procedures

Management Report: Improvements Needed in CFPB’s Internal Controls and Accounting Procedures, GAO-16-522R: Published: Jun 13, 2016. Publicly Released: Jun 13, 2016. “During its audit of the Consumer Financial Protection Bureau’s (CFPB) fiscal years 2015 and 2014 financial statements, GAO identified deficiencies in CFPB’s internal control over accounting for property, equipment, and software that collectively constituted… Continue Reading

A New Global Addressing System

“What is what3words? The world is poorly addressed. This is frustrating and costly in developed nations; and in developing nations this is life-threatening and growth limiting.  what3words is a unique combination of just 3 words that identifies a 3mx3m square, anywhere on the planet It’s far more accurate than a postal address and it’s much… Continue Reading

Rand – Impacts of Conflicts of Interest in the Financial Services Industry

Burke, Jeremy and Hung, Angela and Clift, Jack and Garber, Steven and Yoong, Joanne, Impacts of Conflicts of Interest in the Financial Services Industry (February 4, 2015). RAND Working Paper Series WR- 1076. Available for download at SSRN: http://ssrn.com/abstract=2794246 “Americans are increasingly being asked to take responsibility for their own retirement security. However, many people… Continue Reading

Economic Surveys of the European Union and Euro Area 2016

“The European economy is gradually recovering but further policy action will be required to address unresolved legacies of the global economic crisis that are weighing on growth and major new concerns that have emerged, according to two new OECD reports. The latest OECD Economic Surveys of the European Union and of the Euro Area, presented today… Continue Reading

The high cost and complex barriers to open access knowledge

Via ars technica uk this is a long read that documents the long, circuitous, challenging and unfulfilled promise of access to human knowledge provided without impediments specific to economic or social status, country of origin, age, ethnicity, i.e., for everyone – Open access: All human knowledge is there—so why can’t everybody access it? “…imagine, for… Continue Reading

24/7 Wall St – How Each Major Bank Value and Upside Looks Ahead of FOMC Decision on Rates

“24/7 Wall St. has pulled the valuations of the major banks and investment banks to see where the opportunities are. One caveat: not all the great money center banks are valued equally right now, and there are many reasons for this. This coming FOMC meeting only magnifies this. The six standout companies are Bank of… Continue Reading

World Bank Cuts 2016 Global Growth Forecast to 2.4 percent

“The World Bank is downgrading its 2016 global growth forecast to 2.4 percent from the 2.9 percent pace projected in January. The move is due to sluggish growth in advanced economies, stubbornly low commodity prices, weak global trade, and diminishing capital flows. According to the latest update of its Global Economic Prospects report, commodity-exporting emerging… Continue Reading

Digital Communications and Innovations at CBO

Presentation by Deborah Kilroe, Associate Director for Communications at CBO, at the Fourth Annual Global Network of Parliamentary Budget Officers Assembly. “CBO continually strives to make its work more accessible on its website and social media platforms. This presentation provides an overview of the significant innovations that CBO has implemented in recent years to enhance… Continue Reading

GAO Reports – Defense Inventory, Littoral Combat Ship, Supplemental Nutrition Assistance, Supplemental Nutrition Assistance Program, DOD Small Business Contracting

Defense Inventory: Further Analysis and Enhanced Metrics Could Improve Service Supply and Depot Operations, GAO-16-450: Published: Jun 9, 2016. Publicly Released: Jun 9, 2016. Littoral Combat Ship: Need to Address Fundamental Weaknesses in LCS and Frigate Acquisition Strategies, GAO-16-356: Published: Jun 9, 2016. Publicly Released: Jun 9, 2016. Supplemental Nutrition Assistance Program: Enhanced Detection Tools… Continue Reading

The State of Small Business in America 2016

“Helping existing small businesses scale offers enormous, and largely untapped, potential in creating new jobs and generating economic development in the United States—this according to a new report, The State of Small Business in America (pdf) issued by Babson College. “This Babson Small Business report shows that we all benefit if we are able to foster… Continue Reading

The Distribution of Household Income and Federal Taxes, 2013

“In 2013, according to the Congressional Budget Office’s estimates, average household market income—a comprehensive income measure that consists of labor income, business income, capital income (including capital gains), and retirement income—was approximately $86,000. Government transfers, which include benefits from programs such as Social Security, Medicare, and unemployment insurance, averaged approximately $14,000 per household. The sum… Continue Reading