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News release: “A new housing brief from the U.S. Census Bureau shows that median home values in many small counties across the nation held steady after the most recent recession, while values in large counties declined. These findings come from the Census Bureau’s brief, Home Value and Homeownership Rates: Recession and Post-Recession Comparisons From 2007-2009 to 2010-2012, …
AVIATION SECURITY- TSA Should Limit Future Funding for Behavior Detection Activities, GAO-14-158T, Nov 14, 2013 DHS FINANCIAL MANAGEMENT – Additional Efforts Needed to Resolve Deficiencies in Internal Controls and Financial Management Systems, GAO-13-561, Sep 30, 2013 FEDERAL EMPLOYEES – Opportunities Exist to Strengthen Performance Management Pilot, GAO-13-755, Sep 12, 2013 GOVERNMENT SUPPORT FOR BANK HOLDING COMPANIES – Statutory Changes to Limit …
“An educated workforce is one of the bedrocks of not only the American middle class but also the U.S. economy as a whole. Our economy is the most productive in the world because of the investments workers make in their own skills and civil society makes in education. However, anew report from the Organisation for Economic …
“A new report from the McKinsey Global Institute examines the distributional effects of these ultra-low rates. It finds that there have been significant effects on different sectors in the economy in terms of income interest and expense. From 2007 to 2012, governments in the eurozone, the United Kingdom, and the United States collectively benefited by …
Patrick J. Lamb: “Just days apart, Wells Fargo and Citibank released their commentary on the financial performance of the Am Law 200 law firms. The news was not pretty. Characterizations like “underproductivity” and “anemic” and “margins squeezed” littered the two reports. What do we learn from these two reports? We learn that demand from clients is dropping, there is compression …
News release: “The European Commission today presented a major package of budgetary surveillance announcements, covering 13 euro area Member States and 3 non-euro Member States, with a special focus also on the euro area as an economic entity in its own right. For the first time, the Commission has issued opinions on euro area Member …
“Internet Monitor is delighted to announce the publication of Measuring Internet Activity: A (Selective) Review of Methods and Metrics, the second in a series of special reports that focus on key events and new developments in Internet freedom, incorporating technical, legal, social, and political analyses. Measuring Internet Activity, authored by Robert Faris and Rebekah Heacock, explores current efforts to …
Federal Reserve Bank of New York: “On September 13, 2012, the Federal Open Market Committee (FOMC) directed the Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York to begin purchasing additional agency MBS at a pace of $40 billion per month. The FOMC also directed the Desk to maintain its …
Statutory Changes to Limit Future Support Are Not Yet Fully Implemented, GAO-14-18, Nov 14, 2013 “During the 2007-09 financial crisis, the federal government’s actions to stabilize the financial system provided funding support and other benefits to bank holding companies and their subsidiaries. Agencies introduced new programs with broad-based eligibility that provided funding support to eligible institutions, …
Household Debt and Credit Developments in 2013 Q3: “Aggregate consumer debt increased in the third quarter by $127 billion, the largest increase seen since the first quarter of 2008. As of September 30, 2013, total consumer indebtedness was $11.28 trillion, up by 1.1% from its level in the second quarter of 2013. Overall consumer debt …
News release: “Moody’s Investors Service has concluded its review of eight large US banking groups. The credit ratings of these banking groups each benefit from the agency’s assumption of government support. Today’s rating actions reflect strengthened US bank resolution tools, prompted by the Dodd-Frank Act, which affect Moody’s assumptions about US government support. Further, today’s …
“The U.S. monetary authorities did not intervene in the foreign exchange markets during the July—September quarter, the Federal Reserve Bank of New York said today in its quarterly report to the U.S. Congress. During the three months that ended September 30, 2013, the dollar depreciated 3.8 percent and 0.9 percent against the euro and Japanese yen, …
