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President Obamas Address on Iraq…the text, as prepared for delivery, of President Obamas address from the Oval Office on Tuesday night, provided by the White House: “The Americans who have served in Iraq completed every mission they were given. They defeated a regime that had terrorized its people. Together with Iraqis and coalition partners who …
Productivity and Costs by Industry: Wholesale Trade, Retail Trade, and Food Services and Drinking Places Industries, 2009: “Labor productivity – defined as output per hour – fell in wholesale trade, but rose in retail trade and in food services and drinking places, in 2009, the Bureau of Labor Statistics reported today. Productivity changes were as …
News release: “Commercial banks and savings institutions insured by the Federal Deposit Insurance Corporation (FDIC) reported an aggregate profit of $21.6 billion in the second quarter of 2010, a $26 billion improvement from the $4.4 billion net loss the industry posted in the second quarter of 2009. This is the highest quarterly earnings total since …
News release: “The Federal Reserve Board on Tuesday announced its approval of the application by China Investment Corporation, Beijing, People’s Republic of China, to acquire indirectly up to 10 percent of the voting shares of Morgan Stanley, New York, New York. Attached is the Board’s Order relating to this action.” Related postings on financial system
News release: “The Securities and Exchange Commission today issued a report cautioning credit rating agencies about deceptive ratings conduct and the importance of sufficient internal controls over the policies, procedures, and methodologies the firms use to determine credit ratings. The SEC’s Report of Investigation stems from an Enforcement Division inquiry into whether Moody’s Investors Service, …
Defense Acquisitions: Navy’s Ability to Overcome Challenges Facing the Littoral Combat Ship Will Determine Eventual Capabilities, GAO-10-523, August 31, 2010 Export Promotion: Increases in Commercial Service Workforce Should Be Better Planned, GAO-10-874, August 31, 2010 VA Drug Formulary: Drug Review Process Is Standardized at the National Level, but Actions Are Needed to Ensure Timely Adjudication …
News release: “Many of Asias glaciers are retreating as a result of climate change. This retreat impacts water supplies to millions of people, increases the likelihood of outburst floods that threaten life and property in nearby areas, and contributes to sea-level rise. The U.S. Geological Survey, in collaboration with 39 international scientists, published a report …
News release: “…the Financial Crisis Inquiry Commission announced its witness list and more details for the Commissions next public hearing titled: Too Big to Fail: Expectations and Impact of Extraordinary Government Intervention and the role of Systemic Risk in the Financial Crisis, September 1 and September 2, 2010. WSJ: Financial Crisis Panel to Examine Lehman, …
Where the Jobs Are: A First Look at Private Industry Job Growth and Wages in 2010 – National Employment Law Project, August 27, 2010 “While technically the Great Recession may have ended sometime in the second half of 2009, it is clear that the US economy is mired in a tepid recovery at best. Job …
Follow up to previous postings on government implementation of whole body scanning technology at airports, “EPIC has filed an appeal with the Transportation Security Administration, challenging the agency’s denial of expedited processing and fee waivers for an EPIC Freedom of Information Act request. EPIC’s is seeking documents from the TSA concerning full body scanner radiation …
News release: “The Basel Committee on Banking Supervision today issued the final version of its paper entitled Microfinance activities and the Core Principles for Effective Banking Supervision. The Basel Core Principles for Effective Banking Supervision (the Core Principles) are the global de facto standard for sound prudential regulation and supervision of banks…Besides illustrating the general …
The European Unions Response to the 2007-2009 Financial Crisis, Walter W. Eubanks, Specialist in Financial Economics, August 13, 2010 “The purpose of this report is to assess the response of the European Union (EU) to the 2007-2009 financial crisis in terms of the financial regulatory changes the EU has made or is planning to make. …
