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Report on Nationally Recognized Statistical Ratings Organizations, January 2011 The U.S. Securities and Exchange Commission (Commission) is providing this report under Section 6 of the Credit Rating Agency Reform Act of 2006 (Rating Agency Act). Section 6 of the Rating Agency Act requires the Commission to submit an annual report to the Committee on Banking, …
News release: “According to Cassidy Turley, a leading commercial real estate services provider in the U.S., the national office sector continues a positive growth trend after bottoming in the first quarter of 2010. Cassidy Turley reports that net demand for office space in the U.S. registered at +9.0 million square feet (msf) the third …
News release: “The report of the Comité des Sages (high-level reflection group) on Digitisation of Europe’s cultural heritage was delivered today to Neelie Kroes, European Commission Vice-President for the Digital Agenda, and Androulla Vassiliou, Commissioner responsible for Education and Culture. The report urges EU Member States to step up their efforts to put online the …
Flaws in Banking Governance, by Jean-Michel Sahut Geneva School of Business Administration – University of Applied Sciences; Sandrine Boulerne, CERMAT; IAE Tours; ESCEM. International Journal of Business, Vol. 15, No. 3, 2010 “The subprime crisis showed that governance mechanisms are still far from perfect in most organisations, and also highlighted the many flaws in bank …
News release: “The euro area1 (EA16) seasonally-adjusted2 unemployment rate3 was 10.1% in November 2010, unchanged compared with October4. It was 9.9% in November 2009. The EU271 unemployment rate was 9.6% in November 2010, unchanged compared with October4. It was 9.4% in November 2009. Eurostat estimates that 23.248 million men and women in the EU27, of …
News release: “The Federal Housing Administration (FHA) today released guidance to homeowners and lenders that use the reverse mortgage or Home Equity Conversion Mortgage (HECM) program and are dealing with outstanding property taxes and unpaid hazard insurance premiums. FHAs guidance is intended to assist elderly borrowers who have neglected to pay these expenses and may …
News release: “The US Library of Congress chose the Legal Information Institute at Cornell University (LII) to help develop new methods to preserve, analyze, organize, and present Congressional legislative information and materials digitally. The project is headed by LII Director Thomas R. Bruce. Dave Shetland, Sara Frug, and Wayne Weibel will make up the rest …
Justice Undone: The Release of the Lockerbie Bomber, December 2010 “This report was recently released by the United States Senate, and investigates the release of Abselbaset Ali Mohmed al-Megrahi, the Libyan national that was convicted of planting a bomb on Pan Am Flight 103. On December 21, 1988, this flight exploded over Lockerbie, Scotland killing …
The Shape of the Recovery, Joseph S. Tracy, Executive Vice President, Remarks at the Connecticut Business and Industry Association/MetroHartford Alliance Economic Summit and Outlook, 2011, Hartford, Connecticut “The combination of declining house prices and increasing delays in the foreclosure process will put upward pressure on default rates as well as losses on defaulted mortgages. CoreLogic …
