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News release: “UBS AG, Switzerlands largest bank, has entered into a deferred prosecution agreement on charges of conspiring to defraud the United States by impeding the Internal Revenue Service (IRS), the Justice Department announced today. As part of the deferred prosecution agreement and in an unprecedented move, UBS, based on an order by the Swiss …
R40224, Troubled Asset Relief Program and Foreclosures, February 17, 2009 “Increasing foreclosure rates and problems in financial markets are some of the issues addressed in the Emergency Economic Stabilization Act of 2008 (P.L. 110-343), which created the Troubled Asset Relief Plan (TARP). The law authorized $700 billion in spending. The initial $350 billion was appropriated. …
News release: “The combined global land and ocean surface average temperature for January 2009 was the seventh warmest since records began in 1880, according to a preliminary analysis by NOAAs National Climatic Data Center in Asheville, N.C. The analyses in NCDCs global reports are based on preliminary data, which are subject to revision. Additional quality …
Climate Risk Information, New York City Panel on Climate Change, Release Version, February 17, 2009 “Climate change poses a range of hazards to New York City and its infrastructure. These changes suggest a need for the City to rethink the way it operates and adapts to its evolving environment. To respond to these changes and …
News release: “The Homeowner Affordability and Stability Plan is part of the President’s broad, comprehensive strategy to get the economy back on track. The plan will help up to 7 to 9 million families restructure or refinance their mortgages to avoid foreclosure. In doing so, the plan not only helps responsible homeowners on the verge …
A Rising Share: Hispanics and Federal Crime: “Sharp growth in illegal immigration and increased enforcement of immigration laws have dramatically altered the ethnic composition of offenders sentenced in federal courts. In 2007, Latinos accounted for 40% of all sentenced federal offenders – more than triple their share (13%) of the total U.S. adult population. The …
Chairman Ben S. Bernanke At the National Press Club Luncheon, National Press Club, Washington, D.C., February 18, 2009: “Traditionally the most conservative of institutions, central banks around the world have responded to this unprecedented crisis with force and innovation. In the United States, the Federal Reserve has done, and will continue to do, everything possible …
Deloitte 2009 Industry Outlook: Automotive Challenging Times, Emerging Opportunities, January 2009. “There is no question that the automotive industry is in turmoil. While the Detroit 3 have been struggling with profitability and the restructuring of their operations for the past few years, the global financial crisis has begun to negatively impact automotive Original Equipment Manufacturers …
