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EveryCRSReport.com – Costs of Government Interventions in Response to the Financial Crisis: A Retrospective, updated September 12, 2018. “In August 2007, asset-backed securities (ABS), particularly those backed by subprime mortgages, suddenly became illiquid and fell sharply in value as an unprecedented housing boom turned into a housing bust. Losses on the many ABS held by …
The New York Times: “Americans’ household earnings are finally stretching back to their pre-recession heights. But feeling secure and comfortable isn’t only a measure of how much money you have. It’s also a measure of how much you have compared with others. For many, that is one reason that recent financial progress may seem overshadowed …
Quartz: “On Sept. 15, 2008, a credit crunch turned into a full-blown crisis when New York-based investment bank Lehman Brothers collapsed. The global recession that followed is still too fresh in many people’s memories to be considered history. But 10 years on, the state of the financial system suggests that the crisis has been relegated …
“Almost every day, nearly 112 million Americans wake up and go to work. The vast majority of them do so to put a roof over their head, food on the table, and otherwise support their chosen lifestyle. While full-time U.S. workers by definition clock in for at least 35 hours a week, the amount of …
Testimony on Transparency at CBO: An Update | Congressional Budget Office – Keith Hall, Director Before the Committee on the Budget United States Senate September 13, 2018. “…Transparency can mean many different things, so letme begin by highlighting CBO’s three goals in being transparent: First, we aim to enhance the credibility of our work by …
EveryCRSReport.com – Federal Role in U.S. Campaigns and Elections: An Overview R. Sam Garrett, Specialist in American National Government. September 4, 2018. “Conventional wisdom holds that the federal government plays relatively little role in U.S. campaigns and elections. Although states retain authority for most aspects of election administration, a closer look reveals that the federal …
Monthly Budget Review for August 2018: “The federal budget deficit was $895 billion for the first 11 months of fiscal year 2018, the Congressional Budget Office estimates, $222 billion more than the shortfall recorded during the same period last year. Revenues were 1 percent higher than in the same period in fiscal year 2017, but …
11 September 2018, Rome – “New evidence continues to signal that the number of hungry people in the world is growing, reaching 821 million in 2017 or one in every nine people, according to The State of Food Security and Nutrition in the World 2018 released today. Limited progress is also being made in addressing the multiple …
CRS Report – Securities Regulation and Initial Coin Offerings: A Legal Primer. August 31, 2018 R45301 “Initial coin offerings (ICOs)—a method of raising capital in exchange for digital coins or tokens that entitle their holders to certain rights—are a hot topic among legislators, regulators, and financial market professionals. In response to a surge in the …
Pew: “About half (52%) of American adults lived in middle-class households in 2016. This is virtually unchanged from the 51% who were middle class in 2011. But while the size of the nation’s middle class remained relatively stable, financial gains for middle-income Americans during this period were modest compared with those of higher-income households, causing …
“In light of recently turning 20 years old, Google reigns as one of today’s tech giants. The company has two main ways of collecting user data: active and passive. Active tracking is usually consciously understood by the user, such as signing into a range of accounts (YouTube, Google Search, Gmail, etc.). Passive data collection, however, …
Knowledge@Wharton: “Technically speaking, the financial crisis of 2008, the biggest economic meltdown in the U.S. since the Great Depression, lasted a little more than 18 months, and ended long ago. From December 2007 to June 2009, the GDP contracted sharply, and then the economy began growing again. At ground level for many, though, the world …
