Accurate, Focused Research on Law, Technology and Knowledge Discovery With Daily Postings Since 2002
September 2013 Quarterly Review: Markets precipitate tightening, 15 September 2013 “Higher yields in advanced economies generated serious tremors in emerging markets. Cross-border claims of BIS reporting banks were broadly stable in the first quarter of 2013. Banks redirected lending from the advanced economies to emerging markets, especially to China, Brazil and Russia. Japanese banks returned …
“This report presents data on income, poverty, and health insurance coverage in the United States based on information collected in the 2013 and earlier Current Population Survey Annual Social and Economic Supplements (CPS ASEC) conducted by the U.S. Census Bureau. Summary of findings: Real median household income in 2012 was not statistically different from the 2011 …
Executive Office of the President, September 2013 “Five years ago this week, a financial crisis unlike any in generations rocked Wall Street, turning a recession that was already hammering Main Street into the worst economic crisis since the Great Depression. In the months before President Obama took office, the economy was shrinking at a rate …
The Financial Crisis Inquiry Report: Final Report Of The National Commission On The Causes Of The Financial And Economic Crisis In The United States: “The year 2013 marks the 5th anniversary of the start of the financial crisis. In the wake of the most significant financial crisis since the Great Depression, the President signed into …
Corporate America, banks, the super rich and the index investing concept have gained. Savers, low-skilled workers, many homeowners, and stock exchanges have suffered. “WINNER: The banks. In the second quarter of this year U.S. banks earned a total of $42.2 billion — the biggest industry profit in history, and double the earnings of the same …
Federal Reserve Bank of Atlanta: “One of the primary ways an economy expands is by quickly reallocating resources to the places where they are most productive. If new and productive firms are able to quickly grow and unproductive firms can quickly shrink, then the economy as a whole will experience faster growth and the many …
“The National Security Agency (NSA) widely monitors international payments, banking and credit card transactions, according to documents seen by SPIEGEL. The information from the American foreign intelligence agency, acquired by former NSA contractor and whistleblower Edward Snowden, show that the spying is conducted by a branch called “Follow the Money” (FTM). The collected information then …
China’s Economic Rise: History, Trends, Challenges, and Implications for the United States. Wayne M. Morrison, Specialist in Asian Trade and Finance, September 5, 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 from …
“Domestic workers play a significant role in the California economy, yet these workers are vulnerable to substandard employment because their work is both invisible and largely excluded from employment protections. Nannies, caregivers, and housecleaners, hired directly by their employers, are not subject to a range of protections that apply to other workers. They are excluded from …
MIT Technology Review: “Rapid advances in technology have long represented a serious potential threat to many jobs ordinarily performed by people. A recent report (which is not online, but summarized here) from the Oxford Martin School’s Programme on the Impacts of Future Technology attempts to quantify the extent of that threat. It concludes that 45 …
“In the fall of 2008, the U.S. economy nearly collapsed thanks to an unprecedented wave of mortgage foreclosures. In “After the Meltdown — Where are they now?” the Center for Public Integrity revisits the subprime lenders, Wall Street banks and government regulators that were most responsible for the crash — and finds few if any …
This article by Michael Mandel – who is the chief economic strategist at the Progressive Policy Institute and a senior fellow at Wharton’s Mack Institute for Innovation Management: “The United States and the other major advanced economies are currently stuck in a seemingly endless twilight of slow growth. The numbers are ugly: The April 2013 …
