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Poverty Rate Remains High, Gender Poverty Gap Persists. Poverty Rate Fourth Highest In 45 Years. Highest Ever Number Of Poor People. Women’s Legal Defense Fund. “The poverty report for 2012 released today by the Census Bureau indicates that the poverty rate was 15.0% in 2012, the same as in 2011, but well above the 12.3% rate …
William C. Dudley, President and Chief Executive Officer, Federal Reserve Bank of New York – Remarks at Fordham Wall Street Council, Fordham University Graduate School of Business, New York City, As prepared for delivery: “…This morning my remarks will focus on the U.S. economic outlook. I am also going to discuss a new tool that …
Reaching the Debt Limit: Background and Potential Effects on Government Operations, September 19, 2013 “The gross federal debt, which represents the federal government’s total outstanding debt, consists of (1) debt held by the public and (2) debt held in government accounts, also known as intragovernmental debt. Federal government borrowing increases for two primary reasons: (1) …
Gender Wage Gap Projected to Close in Year 2058: Most Women Working Today Will Not See Equal Pay during their Working Lives by Institute for Women’s Policy Research (September 2013)
CRS – Rare Earth Elements in National Defense: Background, Oversight Issues, and Options for Congress. Valerie Bailey Grasso, Specialist in Defense Acquisition. September 17, 2013 “Some Members of Congress have expressed concern over U.S. acquisition of rare earth materials composed of rare earth elements used in various components of defense weapon systems. Rare earth elements consist of 17 elements on …
News release: “Regional and state unemployment rates were little changed in August. Eighteen states and the District of Columbia had unemployment rate increases, 17 states had decreases, and 15 states had no change, the U.S. Bureau of Labor Statistics reported today. Thirty-six states and the District of Columbia had unemployment rate decreases from a year …
U.S. Energy Information Administration: Short-Term Energy Outlook September 10, 2013 “Monthly average crude oil prices increased for the fourth consecutive month in August 2013, as supply disruptions in Libya increased and concerns over the conflict in Syria intensified. The U.S. Energy Information Administration’s (EIA) forecast for Brent crude oil spot price, which averaged $108 per barrel during …
Working Paper No. 472: International capital flows and development: financial openness matters – Dennis Reinhardt, Luca Antonio Ricci and Thierry Tressel, June 2013. Bank of England. “Does capital flow from rich to poor countries? We revisit the Lucas paradox and ask whether it results from a lack of capital account openness. We find that, when …
Working Paper No. 480 Central counterparties and the topology of clearing networks, Marco Galbiati and Kimmo Soramäki, August 2013. Bank of England. “Given a network of client-clearer relationships, we define central clearing as a function transforming bilateral trading exposures into centrally cleared exposures. By using numerical simulations, we study how this function is affected by the network’s …
News release and statistical tables: “UK-owned monetary financial institutions and their branches and subsidiaries worldwide reported an increase in consolidated foreign claims on an ultimate risk basis of $16.4 billion during Q2 2013, to stand at $3,918.3 billion. The rise was more than accounted for by an increase on Developed Countries, up $60.6 billion to stand …
Reducing Retirement Risk with a Rising Equity Glide-Path, Wade D. Pfau, The American College; Michael E. Kitces, The Kitces Report & Nerd’s Eye View; Pinnacle Advisory Group. September 12, 2013 “This study explores the issue of what is an appropriate default equity glide-path for client portfolios during the retirement phase of the life cycle. We find, surprisingly, that rising equity …
Governor Daniel K. Tarullo At the Yale Law School Conference on Challenges in Global Financial Services, New Haven, Connecticut September 20, 2013 – Macroprudential Regulation “Real world crises have a way of shaking up the intellectual foundations of policy disciplines. Elements of received wisdom are undermined, while certain heterodox or less mainstream views are seen as more valid …
