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By MATTHEW GOLDSTEIN, NICOLE PERLROTH and DAVID E. SANGER “The huge cyberattack on JPMorgan Chase that touched more than 83 million households and businesses was one of the most serious computer intrusions into an American corporation. But it could have been much worse. Questions over who the hackers are and the approach of their attack concern government and industry officials. …
EPIC: Speaking to delegates at the OECD Global Forum for the Knowledge Economy in Tokyo, EPIC President Marc Rotenberg urged OECD member countries to endorse “algorithmic transparency,” the principle that data processes that impact individuals be made public. Mr. Rotenberg explained that companies are too secretive about what they collect and how they use personal data. Mr. …
Gallup: “In the U.S., entrepreneurs are more likely to be thriving in purpose well-being than other workers (51% vs. 44%, respectively). This is especially true for female entrepreneurs, who are more likely to have strong purpose (56%) than male entrepreneurs (47%) and other female workers (48%). Importantly, these findings hold true even when taking into account …
New York Times: “The breach is among the largest corporate hacks, and the latest revelations vastly dwarf earlier estimates that hackers had gained access to roughly 1 million customer accounts.”
“This is an annual publication that provides data on payments and payment, clearing and settlement systems in the CPMI countries. This version of the statistical update contains data for 2013 and earlier years. There are detailed tables for each individual country as well as a number of comparative tables. Please note that this publication contains some provisional …
“The Federal Reserve Board on Tuesday announced that it will begin a quantitative impact study (QIS) to evaluate the potential effects of its revised regulatory capital framework on savings and loan holding companies and nonbank financial companies supervised by the Board that are substantially engaged in insurance underwriting activity (insurance holding companies). In July 2013, the …
“Today the U.S. Census Bureau released additional data from the 2012 Economic Census Industry Series reports, including new data for the finance sector on nondepository credit intermediation. These new data showed that: Total nondepository credit intermediation (NAICS code 5222) revenue was $564.5 billion in 2012, an increase of 10.0 percent from the $513.3 billion in revenue generated …
“Rixen, Thomas and Zangl, Bernhard, The Politicization of International Economic Institutions in US Public Debates (September 28, 2014). The Review of International Organizations: Volume 8, Issue 3, 2013, pp. 363-387. Available for download at SSRN: http://ssrn.com/abstract=2502520 “Recent research has noted a trend of increased “politicization” of international politics, i.e., decisions of international institutions are increasingly debated …
Labor Force Participation Elasticities of Women and Secondary Earners within Married Couples: Working Paper 2014-06, By Robert McClelland and Shannon Mok, both of CBO, and Kevin Pierce, of the Internal Revenue Service. “Labor supply elasticities are often used to evaluate the effect of changes in tax rates on the total hours worked in the economy. Historically, …
CRS – Dark Pools in Equity Trading: Policy Concerns and Recent Developments. Gary Shorter, Specialist in Financial Economics. Rena S. Miller, Specialist in Financial Economics. September 26, 2014. “The term “dark pools” generally refers to electronic stock trading platforms in which pre-trade bids and offers are not published and price information about the trade is only made public after the trade …
Trautman, Lawrence J., Personal Ethics & the U.S. Financial Collapse of 2007-08 (September 26, 2014). Available for download at SSRN: http://ssrn.com/abstract=2502124 “The seeds for the 2007-09 financial collapse were sewn over many years and nurtured by ill-advised governmental housing policy, the presence of pervasive fraud both large and small and the widespread failure of personal integrity. …
Special Inspector General for the Troubled Asset Relief Program (SIGTARP), Report Number 14-001, September 24, 2014. Treasury Significantly Loosened Executive Pay Limits Resulting in Excessive Pay for Top 25 Employees at GM and Ally (GMAC) When the Companies Were Not Repaying TARP in Full and Taxpayers Were Suffering Billions of Dollars in Losses. “Overall, SIGTARP found …
