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News release, July 30, 2015: “The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that 200 bankers, corporate executives, mortgage modification scammers, real estate developers, brokers, and other defendants investigated by SIGTARP and our law enforcement partners have been convicted of crimes related to TARP. Of the 200 defendants …
Gutierrez Gallardo, German and Schuermann, Til and Duane, Michael, Stress Testing Convergence (July 28, 2015). Available for download at SSRN: http://ssrn.com/abstract=2636984 “This year, 2015, marks the six-year anniversary of US regulatory stress testing. We observe three key trends: 1) Increasingly aggressive capital management: Banks initially responded to CCAR by maintaining wide capital cushions vs. regulatory …
Release Date: July 29, 2015: “Information received since the Federal Open Market Committee met in June indicates that economic activity has been expanding moderately in recent months. Growth in household spending has been moderate and the housing sector has shown additional improvement; however, business fixed investment and net exports stayed soft. The labor market continued …
Bureau of Land Management: Improvements Needed in Internal Controls over Mining Law Administration Program Funds, GAO-15-562: Published: Jul 23, 2015. Publicly Released: Jul 29, 2015. Central America: Improved Evaluation Efforts Could Enhance Agency Programs to Reduce Unaccompanied Child Migration, GAO-15-707: Published: Jul 29, 2015. Publicly Released: Jul 29, 2015. DATA Act: Progress Made in Initial …
Pew FactTank – Find out with our income calculator by Rakesh Kochhar. “On a global scale, just 13% of the world’s population could be considered middle income in 2011, according to a new Pew Research Center analysis of the most recently available data. Most people in the world were either low income (56%) or poor …
News release: “The Federal Reserve Board and the Federal Deposit Insurance Corporation (FDIC) on Tuesday provided guidance to 119 firms that in December will be filing updated resolution plans. Based on a review of their plans submitted late last year, the agencies are tailoring the requirements for the submissions. Some firms will receive individual feedback …
“Seven years after the beginning of the global financial crisis, a Pew Research Center survey of 40 nations finds that publics in fewer than half the countries have a positive view of their economy. A median of just 40% in advanced economies say economic conditions are good, as do 45% in emerging economies and 46% …
Federal Reserve Bank of St. Louis – Current Federal Reserve Policy Under the Lens of Economic History: A Review Essay by Stephen Williamson. Working Paper 2015-015. “This review essay is intended as a critical review of Humpage (2015), and it expands on the issues raised in that volume. Federal Reserve Policy during the financial crisis, …
Defense Energy: Observations on DOD’s Investments in Alternative Fuels, GAO-15-674: Published: Jul 27, 2015. Publicly Released: Jul 27, 2015. Facilities Modernization: DOD Guidance and Processes Reflect Leading Practices for Capital Planning, GAO-15-489: Published: Jul 27, 2015. Publicly Released: Jul 27, 2015. International Insurance Capital Standards: Collaboration among U.S. Stakeholders Has Improved but Could Be Enhanced, …
“The Bank for International Settlements (BIS) today released international banking statistics at end-March 2015. Global cross-border claims of BIS reporting banks continued to expand in early 2015, rising by $755 billion between end-December 2014 and end-March 2015. The latest quarterly increase lifted the annual growth rate of claims to 6%, compared with -2% a year …
Boettke, Peter J. and Palagashvili, Liya, Taming Leviathan (July 24, 2015). GMU Working Paper in Economics. Available for download at SSRN: http://ssrn.com/abstract=2635701 “The current public debt crises in Western democratic countries provide an important illustration of what Adam Smith had described as the “juggling trick” – namely deficit increases, accumulation of debt, and debasement of …
Remember Northern Light web search engine – going back to the time I launched LLRX.com – see this News release: “Northern Light® today launched Millie™ (http://millie.northernlight.com), the first market and competitive intelligence portal available free on the web. Millie is structured as a series of industry-specific dashboards, making it easy to find useful information in …
