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News release: “For the first time, the U.S. Geological Survey has estimated the potential of undiscovered, technically recoverable oil and gas resources in source rocksin this case shaleof the Alaska North Slope. The estimates range from 0 up to 2 billion barrels of oil and from 0 up to 80 trillion cubic feet of gas. …
Settlement Liquidity and Monetary Policy ImplementationLessons from the Financial Crisis – Morten L. Bech, Antoine Martin, and James McAndrews, February 2012 “The U.S. dollar clearing and settlement system received little attention during the recent financial crisis, mainly because it performed reliably, processing record volumes and values of trades made in stressed financial markets. This article …
News release: “Aggregate consumer debt fell $126 billion to $11.53 trillion in the fourth quarter of 2011 according to the Federal Reserve Bank of New Yorks latest Quarterly Report on Household Debt and Credit, a 1.1 percent decrease from the $11.66 trillion reported in the prior quarters findings. The report, which includes data on a …
News release: “The Federal Reserve Board on Monday released action plans for supervised financial institutions to correct deficiencies in residential mortgage loan servicing and foreclosure processing. It also released engagement letters between supervised financial institutions and independent consultants retained by the firms to review foreclosures that were in process in 2009 and 2010. The action …
Background And Present Law Relating To Cost Recovery And Domestic Production Activities, JCX-19-12, February 27, 2012 “The first part of this document provides an overview of economic depreciation and of tax and financial accounting rules for cost recovery, along with an explanation of cost recovery methods. The second part of this document describes the present …
Revisiting the Debt Sustainability Framework for Low-Income Countries. Prepared by Staffs of the World Bank and the International Monetary Fund. Approved by Otaviano Canuto and Siddharth Tiwarim, January 11, 2012 “Introduced in 2005, the joint World Bank-IMF Debt Sustainability Framework (DSF) is a standardized framework for conducting public and external debt sustainability analysis (DSA) in …
Via LLRX.com: Help with SharePoint is on the way in The Adventures of SharePoint Reading Bee© Animated Series “Microsoft SharePoint expert Lorette S.J. Weldon asks us to imagine walking into the library without worrying about file compatibilities and adjustments of applications to do what you want when you want. All you would see is a …
The Depreciating Dollar: Economic Effects and Policy Response. Craig K. Elwell, Specialist in Macroeconomic Policy, February 23, 2012 “A trend depreciation of the dollar since 2002 raises concern among some in Congress and the public that the dollars decline is a symptom of broader economic problems, such as a weak economic recovery, rising public debt, …
U.S. Strategic Nuclear Forces: Background, Developments, and Issues. Amy F. Woolf, Specialist in Nuclear Weapons Policy, February 22, 2012 “During discussions about the 2010 Nuclear Posture Review, Congress reviewed and discussed the plans for maintaining and modernizing U.S. strategic nuclear forces. Although the United States plans to reduce the number of warheads deployed on its …
The President’s Framework for Business Tax Reform , A Joint Report by The White House and the Department of the Treasury, February 2012 “Americas system of business taxation is in need of reform. The United States has a relatively narrow corporate tax base compared to other countriesa tax base reduced by loopholes, tax expenditures, and …
Covering People with Pre-existing Conditions – Report on the Implementation and Operation of the Pre-existing Condition Insurance Plan Program, February 23, 2012 “Before the Affordable Care Act, Americans with pre-existing conditions who did not receive health coverage through their employers had few affordable options to get the care they needed. In most States, insurance companies …
