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Reuters – FDIC, U.S. Treasury clash on anti-foreclosure plan: “A top U.S. banking regulator unveiled a plan on Friday to prevent about 1.5 million foreclosures, breaking ranks with the Bush administration by demanding bailout funds be diverted from banks to consumers. The Federal Deposit Insurance Corp said the plan would modify millions of delinquent mortgages …
Attorney General Must Work Without Partisanship, Op-Ed, October 28, 2008, By Sen. Patrick Leahy & Sen. Arlen Specter: “In much the same way that our financial system is suffering a crisis of confidence, our Justice Department the flagship of our system of justice also faces a difficult road to rebuild trust after a …
OPEC Revenues Fact Sheet (11/13/2008): “Based on projections from the EIA November 2008 Short Term Energy Outlook (STEO), members of the Organization of the Petroleum Exporting Countries (OPEC) could earn $979 billion of net oil export revenues in 2008, and $595 billion in 2009. Through October, OPEC has earned an estimated $884 billion in net …
News release: “Initiatives announced today include the development of credit default swap central counterparties, some of which will commence operations before the end of 2008, and the establishment of a Memorandum of Understanding regarding CDS central counterparties among the Federal Reserve Board of Governors, the Securities and Exchange Commission and the Commodity Futures Trading Commission. …
“Secretary Henry M. Paulson, Jr., issued the following statement on the Treasury Department’s issuance today of final regulations implementing section 721 of the Defense Production Act, as amended by the Foreign Investment and National Security Act of 2007: “The final regulations issued today strengthen the CFIUS process in a manner that reaffirms America’s longstanding policy …
News release: “For the first time in more than 30 years, the U.S. Department of Housing and Urban Development issued long-anticipated mortgage reforms that will help consumers to shop for the lowest cost mortgage and avoid costly and potentially harmful loan offers. HUD will require, for the first time ever, that lenders and mortgage brokers …
The Global Gender Gap 2008: “Norway (1) leads the world in closing the gender gap between men and women, according to the overall ranking in the World Economic Forums Global Gender Gap Report 2008 released today. Three other Nordic countries Finland (2), Sweden (3) and Iceland (4) also top the Reports Gender Gap …
News release: “Economic activity is expected to fall by 0.9 percent in the US next year, by 0.5 percent in the Euro area and by 0.1 percent in Japan as OECD countries enter a protracted slowdown, according to latest projections. Presenting OECDs gross domestic product (GDP), inflation and unemployment forecasts for these three major economies …
OMB Watch: “…more than 240 individuals and organizations [Participants included good government groups, professional associations, traditional reporters, bloggers, unions, representatives of the philanthropic community, technology experts, and members of academia. In an unprecedented manner, the project brought together conservatives, libertarians, and progressives. These recommendations are a demonstration that government transparency is neither a left nor …
Senate Banking Committee Hearing: Oversight of the Emergency Economic Stabilization Act: Examining Financial Institution Use of Funding Under the Capital Purchase Program, November 13, 2008 Opening Statement of Chairman Christopher J. Dodd, Oversight of the EESA: Examining Financial Institution Use of Funding Under the Capital Purchase Program – “…five trillion dollars have been committed in …
News release: “The U.S. Department of Homeland Security (DHS) announced today regulations aimed at strengthening the security of the nations freight and passenger rail systems and reducing the risk associated with the transportation of security-sensitive materials.” Fact Sheet: DHS Announces Security Standards for Freight and Passenger Rail Systems Rail Transportation Security Final Rule (PDF, 204 …
AARP: “Ten million people, including 1.3 million aged 55 and older, were unemployed in October. Workers aged 55 and older experienced one of the sharpest increases in unemployment of any age group between September and October. Duration of unemployment and long-term unemployment also increased, particularly among the older unemployed.” News release: “In the third quarter …
