Day archives: March 24th, 2015

Is the Price Right? An Empirical Study of Fee-Setting in Securities Class Actions

Baker, Lynn A. and Perino, Michael A. and Silver, Charles, Is the Price Right? An Empirical Study of Fee-Setting in Securities Class Actions (February 11, 2015). Columbia Law Review, 2015, Forthcoming; U of Texas Law, Law and Econ Research Paper; St. John’s Legal Studies Research Paper No. 15-0003. Available at SSRN: http://ssrn.com/abstract=2584649 “Every year, fee …

Subjects: Legal Research, Securities Law

New BIS Working Papers – Foreign exchange intervention, Liquidity Squeeze, Global Asset Allocations Shifts, Macroprudential Policy, EMEs

Foreign exchange intervention: strategies and effectiveness – “Foreign exchange intervention has been actively used as a policy tool in many economies in Asia and elsewhere. In this paper, we examine two intervention rules (leaning against exchange rate misalignment and leaning against the wind), utilised with varying degrees of transparency, based on a simple model with …

Subjects: Economy, Financial System, Government Documents

Agencies Provide Feedback on Resolution Plans of Three Foreign Banking Organizations

Firms Required to Address Shortcomings in 2015 Submissions – “The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Monday announced that they had completed the reviews of resolution plans submitted in 2014 by three large, foreign banking organizations and had issued feedback letters to each institution. In their review of the resolution …

Subjects: Economy, Financial System, Government Documents, Legislation

It’s been 26 years since Exxon Valdez spilled 11 million gallons of oil off Alaska

Via NOAA – “On March 24, 1989, the tanker Exxon Valdez grounded on Bligh Reef in Alaska’s Prince William Sound, rupturing its hull and spilling nearly 11 million gallons of Prudhoe Bay crude oil into a remote, scenic, and biologically productive body of water. Prior to the 2010 Deepwater Horizon oil spill, it was the …

Subjects: Environmental Law, Government Documents, Legal Research

Dying in America: Improving Quality and Honoring Individual Preferences Near the End of Life

“For patients and their loved ones, no care decisions are more profound than those made near the end of life. Unfortunately, the experience of dying in the United States is often characterized by fragmented care, inadequate treatment of distressing symptoms, frequent transitions among care settings, and enormous care responsibilities for families. According to this report, …

Subjects: Civil Liberties, Government Documents, Health Care

Explaining the Decline in the Number of Banks since the Great Recession

Federal Reserve Bank of Richmond – March 2015, No. 15-03. Explaining the Decline in the Number of Banks since the Great Recession. Roisin McCord, Edward S. Prescott and Tim Sablik. “The financial crisis of 2007–08 was a major shock to the U.S. banking sector. From 2007 through 2013, the number of independent commercial banks shrank …

Subjects: Economy, Financial System, Government Documents

New GAO Reports – Drug Discount Program, Homeland Security, James Webb Space Telescope, NASA, Unmanned Aerial Systems

Drug Discount Program: Status of GAO Recommendations to Improve 340B Drug Pricing Program Oversight, GAO-15-455T: Published: Mar 24, 2015. Publicly Released: Mar 24, 2015. Homeland Security: Action Needed to Better Assess Cost-Effectiveness of Security Enhancements at Federal Facilities, GAO-15-444: Published: Mar 24, 2015. Publicly Released: Mar 24, 2015 James Webb Space Telescope: Project Facing Increased …

Subjects: Defense, Economy, Government Documents, Health Care, Medicine, Transportation