Category «Economy»

Personal Ethics & the U.S. Financial Collapse of 2007-08

Trautman, Lawrence J., Personal Ethics & the U.S. Financial Collapse of 2007-08 (September 26, 2014). Available for download at SSRN: http://ssrn.com/abstract=2502124 “The seeds for the 2007-09 financial collapse were sewn over many years and nurtured by ill-advised governmental housing policy, the presence of pervasive fraud both large and small and the widespread failure of personal integrity. …

Subjects: Economy, Financial System, Government Documents

SIGTARP – Treasury Significantly Loosened Exe Pay Limits – Excessive Pay for Top 25 Employees at GM and Ally

Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Report Number 14-001, September 24, 2014.  Treasury Significantly Loosened Executive Pay Limits Resulting in Excessive Pay for Top 25 Employees at GM and Ally (GMAC)  When the Companies Were Not Repaying TARP in Full and Taxpayers Were Suffering Billions of Dollars in Losses. “Overall, SIGTARP found …

Subjects: Economy, Financial System, Government Documents

Talent, Company Size, and Financial Centres: London and the European Investment Management Industry

Clark, Gordon L., Talent, Company Size, and Financial Centres: London and the European Investment Management Industry (September 24, 2014). Available at SSRN: http://ssrn.com/abstract=2500767 “London dominates the European financial services industry, being the centre-point for advanced financial services, skilled labour, and the complex array of services needed to invest beyond Europe’s borders. As in other global financial …

Subjects: Economy, Financial System

The Production of Investment Returns in Spatially Extensive Financial Markets

Clark, Gordon L. and Monk, Ashby H. B., The Production of Investment Returns in Spatially Extensive Financial Markets (September 16, 2014). Available at SSRN: http://ssrn.com/abstract=2501912 “Investment returns are produced by combining financial assets with human capital, the decision-making protocols of investment institutions, and the electronic infrastructure which supports the flow of information about investment opportunities. At …

Subjects: Economy, Financial System

Towers Watson annual report on Fortune 500 directors compensation

“Total pay for outside directors at the nation’s largest corporations increased by 6% in 2013, fueled by higher stock-based compensation, according to a new analysis by global professional services company Towers Watson. The study also found that cash compensation remained flat for the first time since 2007, when proxy disclosure rules were enacted requiring companies …

Subjects: Economy, Financial System

The FRBNY DSGE Model Forecast

Matthew Cocci, Marco Del Negro, Stefano Eusepi, Marc Giannoni, and Sara Shahanaghi – Fifth in a five-part series “This series examines the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (FRBNY DSGE) model—a structural model used by Bank researchers to understand the workings of the U.S. economy and provide economic forecasts.The U.S. economy has been in …

Subjects: Economy, Financial System, Government Documents

Minimum efficiency standards for electric motors will soon increase

“Nearly half of the electricity consumed in the manufacturing sector is used for powering motors, such as for fans, pumps, conveyors, and compressors. About two thirds of this machine-drive consumption occurs in the bulk chemicals, food, petroleum and coal products, primary metals, and paper industries. For more than three decades the efficiency of new motors has been regulated by …

Subjects: Congress, Economy, Energy, Government Documents, Legislation

New GAO Reports – Freight Transportation, Managing for Results, U.S. Currency

FREIGHT TRANSPORTATION: Developing National Strategy Would Benefit from Added Focus on Community Congestion Impacts, GAO-14-740: Published: Sep 19, 2014. Publicly Released: Sep 26, 2014. MANAGING FOR RESULTS: Agencies’ Trends in the Use of Performance Information to Make Decisions – GAO-14-747: Published: Sep 26, 2014. Publicly Released: Sep 26, 2014 U.S. CURRENCY: Reader Program Should Be Evaluated While Other Accessibility Features for Visually Impaired …

Subjects: Economy, Government Documents, Knowledge Management, Transportation

Systemically Important or “Too Big to Fail” Financial Institutions

CRS – Systemically Important or “Too Big to Fail” Financial Institutions. Marc Labonte, Specialist in Macroeconomic Policy. September 19, 2014. “Although “too big to fail” (TBTF) has been a perennial policy issue, it was highlighted by the near-collapse of several large financial firms in 2008. Financial firms are said to be TBTF when policy makers judge that their failure would …

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

Assessment of the FRBNY DSGE Model’s Real-Time Forecasts, 2010-13

Matthew Cocci, Marco Del Negro, Stefano Eusepi, Marc Giannoni, and Sara Shahanaghi  – Fourth in a five-part series “This series examines the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (FRBNY DSGE) model—a structural model used by Bank researchers to understand the workings of the U.S. economy and provide economic forecasts.The previous post in this …

Subjects: Economy, Financial System, Government Documents

2012 Business Dynamics Statistics

“The Business Dynamics Statistics provide annual statistics on establishments, firms, and job creation and job destruction from 1976 to 2012 by firm age and size. These statistics are crucial to understanding current and historical U.S. entrepreneurial activity. The statistics come from a collaboration between the Census Bureau’s Center for Economic Studies, the Small Business Administration, …

Subjects: Economy, Government Documents

New GAO Reports – Aviation, Cloud Computing, Data Center Consolidation, Littoral Combat Ship, Overseas Real Property

AVIATION: Impact of Fuel Price Increases on the Aviation Industry, GAO-14-331: Published: Sep 25, 2014. Publicly Released: Sep 25, 2014. CLOUD COMPUTING: Additional Opportunities and Savings Need to Be Pursued, GAO-14-753: Published: Sep 25, 2014. Publicly Released: Sep 25, 2014. DATA CENTER CONSOLIDATION: Reporting Can Be Improved to Reflect Substantial Planned Savings, GAO-14-713: Published: Sep 25, 2014. Publicly Released: Sep 25, 2014. LITTORAL …

Subjects: Defense, Economy, Internet, Knowledge Management, Transportation