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The Economics of Student Debt, Hamilton Place Strategies, July 2013. “As Congress returns from the Fourth of July recess, one of the first pieces of unfinished business it hopes to address is the rising interest rate on federal student loans. Specifically, the interest rate for newly originated subsidized Stafford Loans loans provided interest free until six …
“Some $200 billion of new capital went to private equity (PE) and venture capital management partnerships globally in 2012. For the first time, 20% of that total — some $40 billion — went to fund managers in emerging market countries. Surprisingly, of that amount, only $15 billion went to the BRICs (Brazil, Russia, India and …
“The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on June 18-19, 2013. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the meeting is also included as an addendum to these minutes. The minutes for …
News release: “Six federal financial regulatory agencies today issued a proposed rule that would create exemptions from certain appraisal requirements for a subset of higher-priced mortgage loans. The proposed exemptions are intended to save borrowers time and money and to promote the safety and soundness of creditors. The appraisal requirements for higher-priced mortgages were imposed …
“Assistant Attorney General Bill Baer in charge of the Department of Justice’s Antitrust Division made the following statement today after the U.S. District Court for the Southern District of New York found that Apple Inc. violated Section 1 of the Sherman Act by conspiring to raise e-book prices and end e-book retailers’ freedom to compete …
Elder Justice More Federal Coordination and Public Awareness Needed, GAO-13-498, Jul 10, 2013 Federal Employees’ Compensation Act Analysis of Benefits Under Proposed Program Changes, GAO-13-730T, Jul 10, 2013 Financial and Performance Management More Reliable and Complete Information Needed to Address Federal Management and Fiscal Challenges, GAO-13-752T, Jul 10, 2013 Medicare Outpatient Therapy Implementation of the …
Monthly Budget Review for June 2013 – Published July 9, 2013 “The federal government ran a budget deficit of $512 billion from October 2012 through June 2013 (the first nine months of fiscal year 2013), according to CBO’s estimates. That amount is almost $400 billion less than the shortfall recorded during the same period last …
China’s Economic Rise: History, Trends, Challenges, and Implications for the United States – Wayne M. Morrison, Specialist in Asian Trade and Finance. July 3, 2013 “Prior to the initiation of economic reforms and trade liberalization 34 years ago, China maintained policies that kept the economy very poor, stagnant, centrally controlled, vastly inefficient, and relatively isolated …
2013 National Association of Realtors® Home Buyer and Seller Generational Trends – Highlights – Characteristics of Home Buyers “Among the generations, Gen X comprises the largest group of recent home buyers, followed by Gen Y, and then younger Baby Boomers, older Baby Boomers, and the Silent Generation. The G.I. Generation represented less than 1 percent …
News release: “NYSE Euronext Rate Administration Limited, a subsidiary of NYSE Euronext (NYX), today announced that following a rigorous selection process conducted by the independent Hogg Tendering Advisory Committee, NYSE Euronext Rate Administration Limited has been appointed as the new administrator for LIBOR. The transfer of the administration from BBA LIBOR Ltd, the subsidiary of …
News release: “The Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of the Comptroller of the Currency (OCC) on Tuesday proposed a rule to strengthen the leverage ratio standards for the largest, most systemically significant U.S. banking organizations. Under the proposed rule, bank holding companies with more than $700 billion in …
The country’s financial markets are deepening, foreign investment keeps pouring in, and capital is flowing outward. What would it take for China to assume a new role as world financier? July 2013 | byRichard Dobbs, Nick Leung, and Susan Lund “China, as the world’s largest saver, has a major role to play in the global …
