“The presidents of the twelve Federal Reserve Banks have submitted a joint letter responding to the Financial Stability Oversight Council’s proposal on money market mutual fund (MMF) reform. The twelve Reserve Bank presidents support the Council’s efforts to address the structural vulnerabilities of MMFs. They also agree with the Council’s determination that MMFs’ activities and …

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“These detailed tables and charts from the Survey of Income and Program Participation examine the relationship between years of work experience, job tenure (years at a particular job), work status (full or part-time), presence of gaps in employment of six months or more, age, sex, educational attainment and earnings. The findings show, for example, that …

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“These statistics, based on the 2007 North American Industry Classification System, estimate business spending in 2011 for new and used structures and equipment at the sector level, as well as three-digit and selected four-digit industries. The estimates provide the private sector, especially the business community, with a relevant, timely and accurate measure of current business …

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Defense Business Transformation – Improvements Made but Additional Steps Needed to Strengthen Strategic Planning and Assess Progress, GAO-13-267, Feb 12, 2013 “DOD spends billions of dollars each year to maintain key business operations intended to support the warfighter. In 2005, GAO identified DOD’s approach to business transformation as high-risk because DOD had not established management …

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“The Bridgeport-Stamford-Norwalk, Conn., metropolitan area, near New York City, had the highest percentage of households with high income in the nation at 17.9 percent, according to a report released today by the U.S. Census Bureau. At the other end of the spectrum are two metro areas named Danville — in Virginia and Illinois — each …

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Pricing and Mitigation of Counterparty Credit Exposures, Agostino Capponi. Purdue University – School of Industrial Engineering. January 31, 2013. Handbook of Systemic Risk, edited by J.-P. Fouque and J.Langsam. Cambridge University Press, 2012 “We analyze the market price of counterparty risk and develop an arbitrage-free pricing valuation framework, inclusive of collateral mitigation. We show that …

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News release: “States’ tax collections have been growing for nearly three years now, but the recovery in state tax revenues is much slower after the Great Recession than after previous recessions, according to the latest State Revenue Report from the Rockefeller Institute of Government. State tax revenues were up 2.7 percent for the third quarter …

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CBO – “The federal government devotes roughly one-sixth of its spending to 10 major means-tested programs and tax credits, which provide cash payments or assistance in obtaining health care, food, housing, or education to people with relatively low income or few assets…As shown in this report and an accompanying infographic, in 2012, federal spending on …

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