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“In February 2014, reflecting a number of concerns raised about the integrity of foreign exchange (FX) benchmarks, the Financial Stability Board decided to incorporate an assessment of FX benchmarks into its ongoing programme of financial benchmark analysis. The Foreign Exchange Benchmarks Group was established to undertake a review of FX benchmarks and analyse market practices in …
“The Securities and Exchange Commission is clamping down on public companies that fail to submit their financial disclosure statements as structured data, agency officials said. The SEC’s Division of Corporation Finance sent letters on July 7 to an unspecified number of companies that are not submitting their financial disclosure statements as machine-readable, structured data. The move comes …
“The New York Fed’s Survey of Consumer Expectations (SCE) provides timely and comprehensive information about consumer expectations through three broad categories: inflation, labor market and household finance. The SCE contains monthly insight about how consumers expect overall inflation and prices for food, gas, housing, education and medical care to change over time. It also provides Americans’ views …
“In this research paper, Paul C. Light writes that the “first step in preventing future failures is to find a reasonable set of past failures that might yield lessons for repair.” To meet this goal, Light asks four key questions about past federal government failures: (1) where did government fail, (2) why did government fail, …
By Sarah Ayers and Ben Schwartz | July 14, 2014: “Employers are increasingly worried about finding and holding on to quality, skilled workers and economists warn of a widening skills gap. What are employers to do? Apprenticeship—that age-old worker-training model that pairs on-the-job training with classroom instruction—just may be the solution to employers’ woes. According to the Georgetown …
News release: “CoreLogic®, a leading global property information, analytics and data-enabled services provider, today released its 2014 storm surge analysis featuring estimates on both the number and reconstruction value of single-family homes exposed to hurricane-driven storm surge risk within the United States. According to the findings, more than 6.5 million homes along the U.S. Atlantic and Gulf …
“The U.S. Department of State launched a new interactive map that shows how investments abroad are paying dividends back home in America. For about a 1% investment of the Federal budget, the State Department yields a large return for the American people by protecting U.S. national security, promoting our economic interests, providing services, and reaffirming our country’s …
“This paper is a compilation of 10 innovation predictions for the world in 2025, based on research done by Thomson Reuters analysts using the company’s patent and scientific literature solutions. In some cases, the analysts found a growing body of work that gave additional credence to the prediction. In others, the topic was still emerging. …
“The recent fall in prices of major crops is expected to continue over the next two years before stabilising at levels above the pre-2008 period, but markedly below recent peaks, according to the latest Agricultural Outlook produced by the OECD and FAO. Demand for agricultural products is expected to remain firm while expanding at lower rates …
“SIPRI’s extended dataset of military expenditure of North Atlantic Treaty Organization (NATO) member states is now freely available online, alongside our main military expenditure dataset for all countries. The data, which makes use of NATO data on members’ military spending and other sources, extends back at least to each country’s year of joining…The 15 countries with …
DavisPolk – A version of this article was first published in Risk Magazine on June 24, 2014. [snipped] “As swaps clearing rules take effect around the world, recognition of foreign clearinghouses by domestic regulators is becoming increasingly important—and so are the international standards for clearinghouses, the Principles for financial market infrastructures (the “PFMIs”) developed by CPSS-IOSCO. …
Guner, Nezih and Kaygusuz, Remzi and Ventura, Gustavo, Childcare Subsidies and Household Labor Supply. IZA Discussion Paper No. 8303. Available for download at SSRN: http://ssrn.com/abstract=2465338 “What would be the aggregate effects of adopting a more generous and universal childcare subsidy program in the U.S.? We answer this question in a life-cycle equilibrium model with joint labor-supply …
