Category «Economy»

President Obama – National Security Strategy in 2015

Fact Sheet:  The 2015 National Security Strategy – “Today, the United States is stronger and better positioned to seize the opportunities of a still new century and safeguard our interests against the risks of an insecure world.  The President’s new National Security Strategy provides a vision and strategy for advancing the nation’s interests, universal values, …

Subjects: Defense, Economy, Government Documents

A Macro View of Shadow Banking: Levered Betas and Wholesale Funding in the Context of Secular Stagnation

A Macro View of Shadow Banking: Levered Betas and Wholesale Funding in the Context of Secular Stagnation, Zoltan Pozsar [Draft as of 1/31/2015] “The literature to date on shadow banking has focused on the wholesale funding and private money creation aspects of shadow banking. This paper draws attention to those aspects of shadow banking that …

Subjects: Economy, Financial System

Poverty in the United States: 2013

CRS Report – Poverty in the United States: 2013. Thomas Gabe, Specialist in Social Policy, January 29, 2015. “In 2013, 45.3 million people were counted as poor in the United States under the official poverty measure—a number statistically unchanged from the 46.5 million people estimated as poor in 2012. The poverty rate, or percent of …

Subjects: Congress, Economy, Financial System, Government Documents, Poverty

Who Regulates Whom and How? An Overview of U.S. Financial Regulatory Policy for Banking and Securities Markets

Who Regulates Whom and How? An Overview of U.S. Financial Regulatory Policy for Banking and Securities Markets. Edward V. Murphy, Specialist in Financial Economics. January 30, 2015. “Financial regulatory policies are of interest to Congress because firms, consumers, and governments fund many of their activities through banks and securities markets. Furthermore, financial instability can damage …

Subjects: Economy, Financial System, Government Documents, Legal Research, Securities Law

Bitcoin: Questions, Answers, and Analysis of Legal Issues

CRS – Bitcoin: Questions, Answers, and Analysis of Legal Issues. Craig K. Elwell, Specialist in Macroeconomic Policy; Maureen Murphy, Legislative Attorney; Michael V. Seitzinger, Legislative Attorney, January 28, 2015 “Bitcoin first appeared in January 2009, the creation of a computer programmer using the pseudonym Satoshi Nakamoto. His invention is an open-source (its controlling computer code …

Subjects: Congress, Cybercrime, Economy, Financial System, Government Documents, Privacy, Securities Law

The US Treasury’s Credit Rating Agency Exercise

The US Treasury’s Credit Rating Agency Exercise – First Steps Out of the Private-Label Securities Desert. Laurie Goodman, Jim Parrott. Feburary 5, 2015. “As part of an effort to revive the moribund private-label securities (PLS) market, the US Treasury Department recently conducted an exercise with the major credit rating agencies. This exercise was intended to boost …

Subjects: Economy, Financial System, Government Documents, Housing

Child Poverty Pervasive in Large American Cities, New Census Data Show

Commentary and statistics from National Center for Children in Poverty: “Years after the end of the Great Recession, child poverty remains widespread in America’s largest cities. Nearly three children in five living in Detroit are poor, according to the most recent Census figures, a rate that has grown by 10 percentage points since the onset …

Subjects: Economy, Food and Nutrition, Government Documents, Poverty

U.S. Solar Photovoltaic Manufacturing: Industry Trends, Global Competition

U.S. Solar Photovoltaic Manufacturing: Industry Trends, Global Competition, Federal Support. Michaela D. Platzer, Specialist in Industrial, Organization and Business. January 27, 2015. “Every President since Richard Nixon has sought to increase U.S. energy supply diversity. Job creation and the development of a domestic renewable energy manufacturing base have joined national security and environmental concerns as …

Subjects: Congress, Economy, Energy, Government Documents

FCC Finds U.S. Broadband Deployment Not Keeping Pace

Fact Sheet: Chairman Wheeler Proposes New Rules for Protecting the Open Internet Appendix E Wheeler Statement Clyburn Statement Rosenworcel Statement Pai Statement O’Rielly Statement From Wheeler Statement: “Today, by issuing the first Broadband Progress Report of my chairmanship, the Commission offers its assessment of where we stand. We found that we have made notable progress, …

Subjects: E-Commerce, Economy, Education, Government Documents, Internet

BRIC Companies Seeking Legitimacy Through Corporate Social Responsibility

Fiaschi, Davide and Giuliani, Elisa and Nieri, Federica, BRIC Companies Seeking Legitimacy Through Corporate Social Responsibility (February 2, 2015). Available for download at SSRN: http://ssrn.com/abstract=2559110 “BRIC countries have generally gone through a process of liberalization and rapid economic growth that has allowed their major companies to acquire increasing weight in the global marketplace. However, they …

Subjects: Economy, Financial System

DOJ and State Partners Secure $1.375 Billion Settlement with S&P for Defrauding Investors in Lead Up to the Financial Crisis

News release: “Attorney General Eric Holder announced today that the Department of Justice and 19 states and the District of Columbia have entered into a $1.375 billion settlement agreement with the rating agency Standard & Poor’s Financial Services LLC, along with its parent corporation McGraw Hill Financial Inc., to resolve allegations that S&P had engaged …

Subjects: Economy, Financial System, Government Documents, Legal Research