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News release: “CoreLogic®, a leading global property information, analytics and data-enabled services provider, today released its 2014 storm surge analysis featuring estimates on both the number and reconstruction value of single-family homes exposed to hurricane-driven storm surge risk within the United States. According to the findings, more than 6.5 million homes along the U.S. Atlantic and Gulf …
“The U.S. Department of State launched a new interactive map that shows how investments abroad are paying dividends back home in America. For about a 1% investment of the Federal budget, the State Department yields a large return for the American people by protecting U.S. national security, promoting our economic interests, providing services, and reaffirming our country’s …
“This paper is a compilation of 10 innovation predictions for the world in 2025, based on research done by Thomson Reuters analysts using the company’s patent and scientific literature solutions. In some cases, the analysts found a growing body of work that gave additional credence to the prediction. In others, the topic was still emerging. …
“SIPRI’s extended dataset of military expenditure of North Atlantic Treaty Organization (NATO) member states is now freely available online, alongside our main military expenditure dataset for all countries. The data, which makes use of NATO data on members’ military spending and other sources, extends back at least to each country’s year of joining…The 15 countries with …
DavisPolk – A version of this article was first published in Risk Magazine on June 24, 2014. [snipped] “As swaps clearing rules take effect around the world, recognition of foreign clearinghouses by domestic regulators is becoming increasingly important—and so are the international standards for clearinghouses, the Principles for financial market infrastructures (the “PFMIs”) developed by CPSS-IOSCO. …
Guner, Nezih and Kaygusuz, Remzi and Ventura, Gustavo, Childcare Subsidies and Household Labor Supply. IZA Discussion Paper No. 8303. Available for download at SSRN: http://ssrn.com/abstract=2465338 “What would be the aggregate effects of adopting a more generous and universal childcare subsidy program in the U.S.? We answer this question in a life-cycle equilibrium model with joint labor-supply …
“Freedom of expression in general, and media development in particular, are core to UNESCO’s constitutional mandate to advance ‘the mutual knowledge and understanding of peoples, through all means of mass communication’ and promoting ‘the free flow of ideas by word and image.’ For UNESCO, press freedom is a corollary of the general right to freedom …
American Banker: “MDM [mobile device management] software has been available for awhile, but it is being slowly adopted by banks. Many of these banks once used only BlackBerry products, but the Ponemon study found that 23% of banks are migrating from BlackBerry to a multi-OS mobile environment and 18% plan to do so. And a recent Forrester …
“The federal government ran a budget deficit of $366 billion for the first nine months of fiscal year 2014, CBO estimates—$144 billion less than the shortfall recorded over the same span last year. Through the end of June, revenues were about 8 percent higher and outlays were about 1 percent higher than they were at …
“The growth rate of real gross domestic product (GDP) is a key indicator of economic activity, but the official estimate is released with a delay. Our new GDPNow forecasting model provides a “nowcast” of the official estimate prior to its release. Recent forecasts for the GDPNow model are available here. More extensive numerical details—including underlying source …
Center for American Progress, Maryam Adamu | July 10, 2014: “This year marks the 50th anniversary of the Civil Rights Act of 1964. Years of organizing and civil disobedience culminated in a seminal piece of legislation prohibiting discrimination based on race, color, religion, national origin, and sex. A few years after the Civil Rights Act was passed, Martin …
Cujean, Julien and Praz, Remy, Asymmetric Information and Inventory Concerns in Over-the-Counter Markets (July 10, 2014). Available for download at SSRN: http://ssrn.com/abstract=2464399 “We study how transparency, modeled as information about one’s counterparty liquidity needs, affects the functioning of an over-the-counter market. In our model, investors hedge endowment risk by trading bilaterally in a search-and-matching environment. We …
