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“The Office of the Comptroller of the Currency (OCC) today published standards governing the use of independent consultants in enforcement actions involving significant violations of law, fraud, or harm to consumers. The standards describe the criteria the OCC will use in determining whether the agency would require a national bank or federal savings association to retain …
The Data Revolution and Economic Analysis – Liran Einav and Jonathan Levin, Stanford University and NBER. Draft May 1, 2013 “Many believe that “big data” will transform business, government and other aspects of the economy. In this article we discuss how new data may impact economic policy and economic research. Large-scale administrative datasets and proprietary private sector …
Wharton Public Policy commentary – “One of the most powerful arguments for raising the minimum wage is the notion of creating a “livable wage” that enables people to have the dignity of working a job that pays enough to live on and support their family. Today a person working full-time for the entire year on minimum …
Global systemically important banks: information regarding the end-2012 exercise published by the Basel Committee, 11 November 2013 ‘In conjunction with the publication by the Financial Stability Board (FSB) of the updated list of global systemically important banks (G-SIBs), the Basel Committee on Banking Supervision has today published additional information regarding the G-SIB methodology. In accordance with the timeline set out in …
“KPMG, in collaboration with Oxford Economics, developed the Change Readiness Index (CRI) – an index, which assesses the ability of 90 countries (developed and developing) to manage change and cultivate the resulting opportunity. Click on a country to view the in-depth country profile including specific strengths and opportunities, country, region and income level comparisons, and …
“The latest BIS statistics on OTC derivatives markets combine the results of the semiannual survey of derivatives dealers in 13 jurisdictions and the Triennial Central Bank Survey of dealers in an additional 34 jurisdictions. They show that notional amounts outstanding totalled $693 trillion at end-June 2013. Of this total, $668 trillion was reported by dealers that …
Amount of Savings Needed for Health Expenses for People Eligible for Medicare: More Rare Good News, and “IRA Asset Allocation, 2011 – October 2013, Vol. 34, No. 10. Employee Benefit Research Institute, 2013 “In 2010, Medicare covered 62 percent of the cost of health care services for Medicare beneficiaries age 65 and older, while out-of-pocket spending …
“This map highlights in yellow the nation’s Super Zips — those ranking highest on income and college education. The largest collection of Super Zips is around Washington, D.C…A Washington Post analysis of the latest census data shows that more than a third of Zip codes in the D.C. metro area rank in the top 5 percent …
News release: “Total nonfarm payroll employment rose by 204,000 in October, and the unemployment rate was little changed at 7.3 percent, the U.S. Bureau of Labor Statistics reported today. Employment increased in leisure and hospitality, retail trade, professional and technical services, manufacturing, and health care. Household Survey Data Both the number of unemployed persons, at …
“The Kaiser Family Foundation 2013 Survey of Americans on the U.S. Role in Global Health is the fifth in a series of surveys designed, conducted, and analyzed by the Kaiser Family Foundation in order to shed light on the American public’s perceptions, knowledge, and attitudes about the role of the United States in efforts to …
William C. Dudley, President and Chief Executive Officer – Remarks at the Global Economic Policy Forum, New York City, November 8, 2013 “..My remarks are going to focus on what is called the “too big to fail” problem. As you are aware, this problem arises when the failure of a large, complex financial institution threatens to …
“As the President has said, the shutdown that occurred last month inflicted completely unnecessary damage on our economy and took a toll on families and businesses across the country. Today, OMB is releasing a report that catalogs the breadth and depth of this damage, and details the various impacts and costs of the October 2013 …
